WHAT YOU NEED TO KNOW ON BAIL ENFORCEMENT IN THE UAE
Bail is a provisional release of an accused if he is not charged of a major crime. The provisions regarding bail in the UAE are governed by Federal Decree-Law No. 38 of 2022, Concerning the Criminal Procedural Law. It lays down the procedure to be followed regarding the crimes made punishable by Federal Law No. …
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Lee & Ko Tax Group Newsletter: Korean Tax Law and Regulation Updates for 2023
Korea’s current position and direction/trends within the global taxation context Korea’s latest tax reforms package was approved by the National Assembly in December 2022, with further details made clear by the Presidential Enforcement Decree which was published in January 2023. Before going into the details of the Korean tax reforms for 2023, it is important …
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Romanian M&A market – stock and asset purchases
Different forms of acquisition under Romanian Law: There are generally two types of purchases in relation to acquisitions of Romanian companies:
From Foundations to the Future: Dubai’s Journey
Later this month, my colleagues and I will be participating in the Legal 500 Middle East Corporate, Commercial and M&A Summit 2023. The event will feature A panel of private practice lawyers and in-house counsels who will discuss some of the current hot topics in corporate/commercial law in the UAE, including the introduction of Corporate …
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Commentary: Court Of Appeal Strikes Down “Clever Drafting” Designed To Circumvent The Penalty Doctrine: A Case Of Too Clever By Half?
In 2020, the Court of Appeal (the “CA”) reiterated that the penalty doctrine is restricted in its application to secondary obligations; primary obligations are insulated from the doctrine: Leiman, Ricardo and another v Noble Resources Ltd and another [2020] 2 SLR 386. It described this restriction as the “threshold issue.” The rationale for this differential …
Union Budget 2023-2024
The Union Budget 2023-2024 comes when global uncertainties are rife. Barely had the pandemic receded, the war in Ukraine broke out in February 2022. Prices of food, fuel and fertiliser rose sharply. As inflation rates accelerated, central banks of advanced countries scrambled to respond with monetary policy tightening.
NEW RBI DIRECTIONS ON BANK ACQUISITIONS IN INDIA
Last month, the Reserve Bank of India (the “RBI”) introduced master directions (the “Directions”) and guidelines (the “Guidelines”) for the acquisition and ownership of shares and voting rights in banking companies. The main aim of the Directions and Guidelines is to ensure that the ultimate ownership and control of banking companies remains well diversified.
India’s UGC seeks to allow foreign universities to set up Indian campuses
Recently, the University Grants Commission (the “UGC”) has published the Draft University Grants Commission (Setting up and Operation of Campuses of Foreign Higher Educational Institutions in India) Regulations, 2023 (the “Draft Regulations”) proposing the establishment and operation of international branch campuses (“IBCs”) of foreign higher educational institutions (“FHEIs“) offering undergraduate and higher level programmes in …
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Proposed Amendments to the IT Intermediary Rules: Is the playing kit adequate for the Online Gamers?
On December 23, 2022, the Government of India (Allocation of Business) Rules, 1961 was amended by virtue of which ‘matters relating online gaming’ was brought under the purview of Ministry of Electronics and Information Technology (“MeiTY”). Later, on January 2, 2023, MeiTY published draft amendments to the Information Technology (Intermediary Guidelines and Digital Media Ethics …
THE FEDERAL ATTORNEY GENERAL´S OFFICE DURING JUSTICE FÁBIO MEDINA OSÓRIO´S TERM
In 2016, at the beginning of the Michel Temer administration, Fábio Medina Osório was appointed Attorney-General of Brazil. In that capacity, he helped structure the transition and the beginning of Michel Temer’s government. In this article, originally published on the Conjur portal, Fábio Medina Osório talks about his term as the head of the Federal …
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