Boost your Start-Up with an Advisory Board – Points to consider
Most start-ups are founded by first-time founders directly after graduation, with the founding team consisting, also in most cases, of not more than two members. Such founders are naturally not equipped for all of their business challenges. Founders thus often make mistakes, especially at the very beginning of their activities, e.g. in relation to developing …
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Unjust Banking Practices in Swiss Franc Loan Agreements
The Cypriot banking system is currently being confronted with the issue of providing foreign loans and in particular Swiss francs to both locals and foreigners to cover their housing requirements. Of principle concern in Cypriot and European Courts are the banking practices used in attracting clients to these financial institutions. It seems that misinformation through …
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Luxembourg’s one-euro company provides major incentive for entrepreneurs
Luxembourg’s law of July 23, 2016, which came into force on January 16, 2017, creates an incentive for entrepreneurs to establish a business in the grand duchy by introducing the simplified private limited liability company (société à responsabilité limitée simplifiée or Sàrl-S) – also known as the one-euro company.
ESMA sets out new rules for UCITS share classes
On January 30, the European Securities and Markets Authority issued an opinion on the minimum principles that management companies must apply when establishing different UCITS share classes. The opinion is aimed at ensuring a harmonised approach throughout the EU, where different national approaches have been observed up to now.
17 February 2017: Auris Medical’s Public Equity Offering
Auris Medical Holding AG (NASDAQ: EARS) issued and priced its public offering of 10,000,000 common shares and 10,000,000 warrants, each warrant entitling its holder to purchase 0.70 of a common share. The common shares and warrants are being sold in units comprised of one common share and one warrant at the public offering price of …
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Tougher measures against tax dodgers
Published: 21 Feb 2017 at 04:00 / NEWSPAPER SECTION: BUSINESS Tougher measures against tax dodgers The world is entering a new era in which national tax authorities are joining hands to set up a system to hound those who dodge paying their fair share of tax by applying unacceptable tax-planning schemes.
Law No 15 of 2016, the New HR Law
Law No. 15 of 2016 on Civil Human Resources was issued by HH the Emir Sheikh Tamim bin Hamad Al-Thani, recently. The new law deals with more Qatarisation, leaves available and other working conditions of civilian employees working with Government and public sector entities. The Law will have impact on Qataris as well as non-Qatari …
[SOUTH KOREA] Questions on Product Safety Continue, Bringing About Strengthened Regulatory Oversight
In the midst of growing public concern over the health hazards of certain household chemical products,¹ concerns are now being raised about the safety of chemicals in other types of products, such as "quasi-drugs" (e.g., toothpastes) and cosmetics. Primarily, these recent concerns focus on the health hazards associated with biocides contained in household products. …
16 February 2017: Credit Suisse successfully launched its new subsidiary Credit Suisse (Switzerland)
Credit Suisse (Switzerland) Ltd. was incorporated with the purpose to be organized as a Swiss bank. It is a wholly owned subsidiary of Credit Suisse AG. The transfer of assets and liabilities according to Swiss merger law became effective on 20 November 2016. The transfer was aimed to evolve the legal entity structure of the …
Albania: Finally on track for a comprehensive support scheme for renewable energy?
Current status Albania has one of the highest percentages of electricity produced from renewable energy sources (RES) in its electricity mix – more than 95 % of electricity generated in Albania comes from hydropower generation. In spite of that (or maybe because of that), Albania has not had a comprehensive policy on the support of RES …