Key Issues and Implications of the New Administration’s Environment Policies
On May 3, 2022, the 20th Presidential Transition Committee announced the national vision and six major goals of the Yoon Suk-yeol administration as well as 110 national agenda items (the “National Agenda”). President Yoon was inaugurated on May 10, 2022. In particular, the National Agenda contains detailed measures to implement the environment-related pledges of President …
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New Administration’s Corporate Law and Governance Policy and the Impact Thereof on Businesses
On May 10, President Yoon Suk-yeol took office as the 20th President of the Republic of Korea. In line with the new government’s corporate governance and capital market policies, relevant regulations are expected to change. Timely strategic responses from businesses will thus become more important.
Big Blur: Competition with Big Tech Causing Banks to Launch New Businesses, and New Administration’s Regulatory Response
The “Big Blur”, a reference to the growing ambiguity between financial and non-financial sectors, is expected to continue in the near future. As competition intensifies between existing financial institutions and big-tech companies, regulatory authorities are once again thinking of ways to reshape the regulatory framework to enhance the competitiveness of the financial industry.
New Administration’s National Agenda on Fair Trade and Implications
On May 3, 2022, the 20th Presidential Transition Committee (the “Committee”) announced 110 national agenda items (the “National Agenda”) for the Yoon Suk-yeol Administration, which lists the new administration’s key policy objectives and direction. They include detailed tasks relating to the field of fair trade under the objective of creating “a country where SMEs are at …
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Is cyber bullying treated as a criminal offense in the UAE?
With the advancement of technology, the drawbacks of the excessive use of the internet, such as cyber bullying, hacking, online frauds, etc. is also coming to light. Cyber bullying is commonly understood as targeting, harassing, or threatening others on the internet by sending negative, false or harmful text or messages, sharing images or content without …
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Learn More About Adoption in The UAE
Adoption is not specifically recognized under the UAE Laws. However, Federal Law No. 1/2012 Concerning the Custody of Children of Unknown Parentage (Custody Law) and the Federal Law No. 3/2016 On Child’s Rights (Wadeema’s Law) provide protection and care for children of unknown parentage in the UAE.
How Do I Report False Accusations in a Court Case? – Part II
As discussed in our previous article, the offence of filing false complaints is criminalized in the UAE under Articles 324 and 325 of the UAE Penal Code. This has been done to maintain justice in the community.
How Do I Report False Accusations in a Court Case? – Part I
The United Arab Emirates criminalizes filing false complaints if the complainant knows that the crime has not been committed. The punishment could vary between a fine or a jail sentence and this depends on the discretion of the courts. To consider whether a case for false complaint is to be filed, it will be required …
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Gender equality in public contract
GENDER EQUALITY IN THE LEGISLATIVE DECREE 18th APRILE 2016 NO. 50 (PUBLIC CONTRACTS CODE) In Italy, the Public Contracts Code (hereinafter also “PCC”) is a tool through which the Law-Maker can impose virtuous practices on the companies, at least in the performance of the public contracts. And in fact, all participants in public tenders must …
The Turkish Competition Board’s Approach towards the Full-Functionality of JVs Takes a Turn with Its Latest Decision Concerning the Acquisition of Sewing Machine Business of Melco
The Turkish Competition Board (“Board”) published its latest reasoned decision concerning the acquisition of joint control over the industrial sewing machine business (“Target Business”) of Mitsubishi Electric Corporation (“Melco”) by Juki Corporation (“Juki”) and Melco[1]. The Board evaluated that the transaction concerning the acquisition of joint control by Juki over the Target Business, which was …