CYPRUS: English guidance on the applicable legal principles for setting aside an arbitral Award for fraud
In the English case Stockman Interhold S.A. -v- Arricano Real Estate PLC (2017) EWHC 2909, the Court summarized the applicable legal principles for setting aside an arbitral award for fraud, as follows: The complainant, who seeks to the set aside an arbitral award for fraud, must demonstrate its case to a high standard of proof (see …
Cyprus: Alternative Investment Funds – An Overview
Types of available Alternative Investment Funds The available legal structures which can be used for Alternative Investment Funds (AIFs) established in Cyprus are the following: Registered Alternative Investment Funds (‘’RAIFs’’), in the form of Common Funds or Fixed/Variable Capital Investment Companies which are subject to the provisions of the Companies Law CAP. 113, or in …
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English guidance on the possibility of use of confidential documents disclosed in arbitration in support of other civil proceedings.
Confidentiality is one of the key characteristic and advantage of arbitration, which makes it so attractive to parties, as method of dispute resolution.
TURKEY: DIGITALIZATION IN TURKISH CORPORATE LAW PRACTICE
Authors: Gönenç Gürkaynak, Esq., Nazlı Nil Yukaruç, Selen Ermanlı Sakar and Nisa Aybüke Eroğlu, ELIG Gürkaynak Attorneys-at-Law
CCI’s investigation against debenture trustee’s unit of banks – A case of concurrent jurisdiction
The Competition Commission of India’s (CCI) recent investigation into the Trustee Association of India (TAI) and debenture trustee units of State Bank of India, Axis Bank and IDBI Bank for collusion in respect of charging high fees for issuing debt and due-diligence checks has raised jurisdictional conflicts over the sectoral regulator -SEBI, and the market …
Amendments to the Aircraft Registration Act: Key Observations.
Malta is an optimal jurisdiction for Aircraft Registration and many advantages come part and parcel with registering an aircraft in the Maltese islands[1]. On the 6th of June 2021, the President of Malta signed Act XXXVII of 2021 into law. The raison d’etre of this act aimed to amend several laws which relate to aircraft …
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A snapshot of directors’ exposure to liability for crimes attributable to a company in the light of Maltese law
One of the principal objectives of company law is to strike a workable balance between, on the one hand, granting sufficient discretion to the directors of a company to exercise their powers in furtherance of the pursuit of the company’s business objectives whilst, on the other hand, constraining the abuse of those powers by directors. …
Japan establishes new exempted structures for investment management businesses
As outlined in our Newsletter in July 2021 (hereinafter, the 2021 Newsletter), the Financial Services Agency of Japan introduced new business structures to attract foreign investment management businesses, where they may enjoy exemption from registration as financial instruments business operators. The new exemption structures came into force on 22 November 2021. In a new issue …
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Learn More on Procedures of Divorce in the UAE
The term ‘family law’ in the UAE broadly refers to the Federal Law no. 28 of 2005 on ‘Personal Status’ and its amendments (‘Personal Status law’) which governs all aspects relating to the marriage, divorce, maintenance, child custody, succession and guardianship matters concerning both UAE nationals and residents. The personal status law is in turn …
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All You Need to Know About Litigation and Execution Procedures in The UAE
The United Arab Emirates comprises of the Seven Emirates: Dubai, Sharjah, Abu Dhabi, Fujairah, Ras Al Khaimah, Um al Quwain and Ajman. In addition, the UAE also has several Free Zone entities across its seven Emirates, and each free zone is designed around one or more business industry categories, and an independent Free Zone Authority …
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