Applying for a Boating License in Thailand
Thailand is a popular travel destination for many international tourists, but for those who own a boat, it’s important to understand the laws and regulations for obtaining the appropriate license in the country. This article will cover the legal requirements and procedures for obtaining a boating license in Thailand
Selection and awarding criteria in Romanian Public Procurement
In Romanian Public Procurement Procedures, there were cases qualified as unlawful practices because in the Award Documentation (abbreviated in the following ‘AD’), the Contracting Authority (abbreviated in the following ‘CA’) used unclear/equivocal award criteria or compliance requirements.
Wills in India- Essential Elements and Legal Requirements
“Will” refers to a legal document or declaration that a person during his lifetime makes in order to plan the distribution of his assets and properties in a way he wants. Writing a will as an instrument enables the heirs and survivors of the deceased to inherit the property in the way the deceased wanted. …
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Business setup in Special Economic Zones (SEZ) in India
A Special Economic Zone (SEZ) refers to an allocated and demarcated geographical area wherein the government has taken steps to liberalize the mercantile, business, and trade laws in order to encourage business activity and separate it from different parts of the country.
RISE OF VENTURE DEBT FINANCING IN INDIA
India’s fast expanding economy and democratically-run government that has accepted reforms has led to institutional investors investing in India. While venture debt funding is a well-known idea in Silicon Valley, it has only lately emerged as a practical choice for startup businesses in India and currently a rise in the Venture debt financing in India is …
Second Major Amendment to the Personal Information Protection Act Passed by National Assembly (I)
On February 27, 2023, the National Assembly passed a bill containing a number of amendments to the Personal Information Protection Act (the Amended PIPA), Korea’s general data protection law. The Amended PIPA, which represents the second step of the Korean government’s multi-step amendment process for the PIPA following the passage of the first amendment in …
Standards of Corporate Compliance Programs Based on Recent Trends of the DOJ
Admittedly, all corporate compliance professionals, regardless of the country they practice in, might at one point find themselves having to monitor extra-territorial applicability of the United States laws and regulations, in the likely event that they are dealing with a multinational corporation. In this sense, it might be beneficial to adopt a holistic approach and …
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Hong Kong legal update on the Trial Administrative Measures of Overseas Securities Offering and Listing by Domestic Companies promulgated by the CSRC
On 17 February 2023, the China Securities Regulatory Commission (CSRC) announced the new regulations for the filing-based administration of overseas securities offering and listing by domestic companies, which are set to take effect on 31 March 2023. The new measures comprised six documents, including the “Trial Administrative Measures of Overseas Securities Offering and Listing by Domestic …
Quincecare duty in insolvency scenario
The recent case of Stanford International Bank Ltd (In Liquidation) (Appellant) (SIB) v. HSBC Bank PLC (Respondent) (HSBC)[1] confirms that a bank only owes its customers a Quincecare duty (i.e. an implied term and a co-extensive duty of care owed by the bank to its customer to refrain from making or executing a payment when …
Focus on “G” in ESG
In the continuing “mainstreaming” of the importance of corporate environmental, social and governance (ESG) performance, let us focus on “G” as we start the new year. Hong Kong is one of the earliest jurisdictions to have introduced ESG reporting of listed companies, and the requirements have undergone several rounds of updates since the first iteration …