Cyprus introduces first steps towards Crypto-Asset regulation through AML Law amendments
In Cyprus, the Prevention and Suppression of Money Laundering and Terrorist Financing Law, L188(I)/2007 (the “AML Law”) was amended earlier this year through L13(I)/2021 (the “Amending Law”), in order to harmonise domestic legislation with the provisions of the 4th and 5th AML Directives (Directives (EU) 2015/849 and 2018/843).
Environmental Impact Assessment (EIA) In Turkish Environmental Laws
INTRODUCTION Environmental Impact Assessment (EIA) is a principle developed on the idea that the use of resources spent to clean, repair and re-balance a polluted or destroyed environment after the fact, being less efficient than the use of resources spent for prevention of the negative impacts concerning the investments for development at the beginning.
On the legal and economic risks of Minority Shareholdings in Tobacco Industry
Promoting competition is a key factor for economic growth. It allows the companies to compete and discover better operating procedures to enhance their economic performance. A properly functioning competitive environment attracts private investors from around the world as it is the supreme goal for competition policy to eradicate barriers for entry.
Compulsory Licensing in Egypt
Introduction There has been some recent interest from the GOE in certain aspects of the Compulsory Licensing (CL). They are beginning to explore it inter alia, in the pharmaceutical industry.
How can you avoid registration in the Central Credit Register in order to access new loans?
The procedure for deregistration of data from the central credit register is a novelty from the perspective that it may be forbidden to register in the Central Credit Register or in other negative databases of the debtor. A lawyer specializing in banking, finance and capital markets law is empowered to send a notice to the …
Apple And Its ‘Green Approach’ Of Muddying Consumer Interests
Introduction Lately, during Covid-19 pandemic, all of us have learnt our dependency on the technology, either while working from home, or students attending their classes online or using internet banking services. Equally, there’s been observed a significant surge in the sale of technology products like laptops,[1] mobiles and workstations during the last one year across …
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Offshore suppliers, are you caught in the New Zealand GST net?
This update will be relevant for offshore suppliers of goods or services that have New Zealand customers, especially where some of those customers may be private consumers.
REMOTE WORK IN THE LABOUR CODE: the key points of the new draft Act
On 19 May 2021, a new draft Act amending the Labour Code Act, the Vocational and Social Rehabilitation and Employment of Persons with Disabilities Act and the Employment Promotion and Labour Market Institutions Act was announced. The main objective of the new draft law is to introduce the provisions on remote work into the Labour …
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Changes to CISO Designation Rules and Public Disclosure Requirement for Information Security
Certain amendments to the Act on Promotion of Information and Communications Network Utilization and Information Protection (“Network Act”) and the Act on the Promotion of Information Security Industry (“Information Security Industry Act”) were promulgated on June 8, 2021 and are scheduled to go into effect on December 9, 2021. These amendments contain several major changes …
Increase in trademark registration EUIPO
EUIPO Executive Director Christian Archambeau has shed light on the record filing numbers for EU Trademark registrations experienced in the first months of 2021. Archambeau has stated that: