Implications of Thailand’s New Central Bank Digital Currency (CBDC)
The popularity of Bitcoin and other decentralized cryptocurrencies continues to send ripples throughout the financial world. Private companies like Meta (formerly Facebook) have already begun developing their own competing cryptocurrencies, and central banking institutions are likewise working on similar concepts. The introduction of a CBDC (Central Bank Digital Currency) in Thailand is set to begin …
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E-Service Tax Law in Thailand: What are the implications?
In nearly all areas of the economy, technology moves faster than the law. Assertive tech companies, by making the most of their newly developed capabilities, often can enjoy a few years’ worth of relatively unregulated success before lawmakers make an earnest effort to re-stabilize the playing field. This regulatory process is currently playing out in …
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Thai cabinet gives green light to tax benefits to promote startup funding to develop the startup ecosystem in Thailand
The Thai cabinet has recently approved the draft Royal Decree issued under the Revenue Code regarding income tax exemption on investment in Thai startups (the “Draft Royal Decree”), in cases where the funding for the startups is provided directly or indirectly through Venture Capital (VC), Corporate Venture Capital (CVC), or private equity trust (PE Trust). …
Law on Family Matters for Expatriates living in the UAE: Part I
Introduction United Arab Emirates is a host to millions of expatriates and foreigners who have made UAE their home. As a result, the UAE laws also cater to these expats and foreigners. One of the key laws relevant to expats and foreigners is the law relating to family matters and how it is applied to …
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Article on the recent changes affecting a contract of employment that requires the employee to work mainly outside Malta
On the 11th October 2021, the Minister for Finance and Employment Hon. Clyde Caruana has delivered the budget speech which was later followed by the publication of Bill No. 247 before Parliament. The principal aim of this Bill was to enforce some of the measures discussed in the Budget Measures Act, effective from financial year …
Couriers and Delivery Drivers – A special Category within Employment Legislation?
Since the start of the Covid-19, many industries have had to be reshaped. Curfews, restrictions and temporary closures applicable to restaurants, bars and even retail outlets have promoted a trend towards takeaway and delivery services as opposed to dining in and in-store shopping. As a result, the past few years have seen a boom in …
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The Battle of the IDERA and the Warrant of Prohibitory Injunction
The decision in the names of Air X Charter Limited and Air X Aircraft Finance I Limited (collectively referred to as the “Applicants”) vs. (1) Firm Mamo TCV Advocates as Deputy Curators acting on behalf of Avmax Aircraft Leasing Inc (Canada) (“Avmax”) as beneficial owner of eight aircraft (the “Aircraft”) and Bank of Utah (United …
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The Ongoing Obligations of Agents: Do Obligations follow the Agent After a Passport is Issued?
The Citizenship for Exceptional Services Programme is a highly regulated mechanism currently enabling foreign nationals to acquire Maltese citizenship through investment. This process is facilitated by the engaged licensed agent, who acts as the primary intermediary between Maltese authorities and the applicant. The regulatory framework applicable to this programme also binds licensed agents in terms …
Status of Digital Media Platforms and Digital Broadcasting Acts under Turkish Law
Introduction With the impact of developing technology and growing fast-consuming culture, the concept of media is changing and getting wider every single day. The number and the market value of digital and streaming media contents is getting higher in accordance with the increase in investments in this field. While digital media platforms are rapidly replacing …
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How Foreign Insurers Can Sell Insurance Products in Japan
Many countries regulate the sale of insurance products by foreign insurance companies to their residents and citizens. Japan has similar regulations. This article will provide an overview of the laws and regulations governing the sale of insurance products to residents and citizens in Japan by foreign insurance companies without an insurance business license.