International Judicial Delegation in Criminal Matters
As the means of communications advance among various persons and entities, transportation and travel among countries have become easier along with the conclusion of transactions of all kinds including commercial transactions and banking transfers, and other cross-border transactions that can be completed in a matter of minutes or less, many challenges emerge, the most important …
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The Real Estate Review 2022
The 11th edition of The Real Estate Law Review provides an invaluable overview of how key markets across the globe operate and how they react to major world events.
Lending & Taking Security in Cyprus
A Q&A guide to lending and taking security in Cyprus. The Q&A gives a high level overview of the lending market, forms of security over assets, special purpose vehicles in secured lending, quasi-security, guarantees, and loan agreements. It covers creation and registration requirements for security interests; problem assets over which security is difficult to grant; …
Sanctions adopted following Russia’s military aggression against Ukraine.
In reaction to Russia’s military intervention against Ukraine the European Union (EU) adopted sanctions against Russia. In particular, the EU has adopted a wide range of restrictive measures against Russian individuals and entities in order to cripple Russia’s ability to finance the war and to impose painful costs on Russia’s political elite responsible or otherwise …
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A Guide to Essential Conduct and Pre-action Protocols prior to making a Claim
It is important to understand there are strict rules on how you should act prior to bringing a claim, as failure to observe the correct protocol may incur penalties if the matter does come to court. The basic position is set out in the Practice Direction on Pre-Action Conduct and Protocols. The Protocols, approved by the …
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Sectoral Threshold Exception Explained: Concentrations In Certain Sectors Are Now Expected To Be Way More Frequently Notifiable In Turkey
Authors: Gönenç Gürkaynak, Esq., Öznur İnanılır, Berfu Akgün and Fırat Eğrilmez, ELIG Gürkaynak Attorneys-at-Law
The future of digital asset taxes in Thailand
Digital assets have become rapidly popular among Thai investors in the past few years as their value tends to rise dramatically higher than other traditional assets, yet with higher risks. According to the Emergency Decree on Digital Asset Businesses, 2018, digital assets consist of cryptocurrencies and digital tokens. Digital assets, especially cryptocurrencies, can yield incredible …
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Principles of Anti-Money Laundering and Combatting the Financing of Terrorism
Introduction and Applicability of the Regulations Money laundry is a process by which the source of illegal funds is disguised to allow its unsuspicious expenditure by mitigating the risks associated with jeopardizing the source of such illicit funds. Often, terrorist and illegal organizations utilize laundered money to fund themselves and their operations. Hence, both activities …
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A badly managed redundancy process can seriously impact on the business, as P & O Ferries has discovered
The situation involving P & O Ferries’ highly irregular dismissal of approximately 800 employees with immediate effect by video link without prior notice or consultation, has further evolved with the CEO, Peter Hebblethwaite, admitting that P & O deliberately avoided consulting with the appropriate unions, thereby contravening employment law, as it was recognised that no …
How can a request for opening the insolvency proceeding in Romania be rejected when it is made by the creditor to force the debtor to pay the debt?
The procedure for opening the insolvency proceedings against a debtor is regulated by the provisions of the Romanian Insolvency Law no. 85/2014. There are many situations when a creditor has made such a request in bad faith only to force his debtor to pay him a debt that is not recognized. However, it should be …