Crypto is not a ‘currency” as per new ASCI guidelines on Virtual Digital Assets
The Indian government in its annual Budget presented for the financial year 2022-23 for the first time defined Virtual Digital Assets (VDA), which includes both crypto and NFT. The government also introduced a special provision to tax gain made on VDA trading by 30%. The reason for this tax was phenomenal rise of such transactions …
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PORTUGAL | European Corporate Sustainability Due Diligence Directive Proposal
In April 2020, the EU Justice Commissioner announced that the European Union was committed to legislate on mandatory human rights and environmental due diligence. In March 2021, the European Parliament approved a legislative proposal for the Commission to legislate on that matter and on 23 February 2022, the European Commission has adopted a proposal for …
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ANGOLA | Legal Regime of Telework
Presidential Decree NO. 52/22, dated 17th February 2022, creates the legal regime of telework, entering into force on 20th March 2022.
RBI Reforms the Framework on Loan Sales
Continuous growth of a robust secondary market and creation of additional avenues for raising liquidity have been the key requirements of the Indian loan market. To achieve this, the Reserve Bank of India (“RBI”) has rolled out the Master Directions – RBI (Transfer of Loan Exposures) Directions, 2021[1] (“Master Directions”) on 24th September 2021.
Appeals – when you can and when you can’t have another bite of the cherry
The appeals process exists for those who are unhappy with the outcome of a case. An appellant can apply to a higher, more authoritative, court to review the judgement of a lower court. Apart from the appeals process, a litigated claim cannot be brought again in another court.
NO BAR FOR WITHDRAWAL AFTER CONSTITUTION OF COC
A significant amendment by Act No. 26 of 2018 (w.e.f. 6-6-2018) was brought in the form of insertion of Section 12A which provided for withdrawal of applications admitted under Section 7, 9 or 10 of the Insolvency and Bankruptcy Code, 2016 (“Code”) with the approval of creditors representing 90% (ninety percent) of the voting share …
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JURISDICTION ON MATRIMONIAL MATTERS AND PARENTAL RESPONSIBILITY MATTERS WITH FOREIGN ELEMENT UNDER EU LAW, POLISH LAW, AND TURKISH LAW
EU Law, Council Regulation (EC) No 2201/2003 The instrument that governs jurisdiction in matrimonial matters and parental responsibility in the EU Member States is the Council Regulation (EC) No 2201/2003 of November 27, 2003, concerning jurisdiction and the recognition and enforcement of judgments in matrimonial matters and the matters of parental responsibility. The Regulation’s ‘universality’ …
Thailand: Fast-Track Trademark Filing System
In its continuous efforts to improve the efficiency of IP-related registration services in Thailand and to reinforce filing services in the digital age, the Department of Intellectual Property (DIP) has implemented a “Fast-Track Trademark Filing System” for new trademark and renewal applications, which also aims at facilitating business owners who need to present a trademark …
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Rules of Information Exchange Revisited by Turkish Competition Board in Retail and Wholesale FMCG Sector: A Step Forward for Hub & Spoke Case Law
Authors: Gönenç Gürkaynak Esq. and Fırat Eğrilmez, ELIG Gürkaynak Attorneys-at-Law
Brazilian new railway legislation (and why it may be a great opportunity for passenger rail transport investments)
At the end of 2021, the new Brazilian railway law (Law nº 14.273/2021) was finally approved, it promises to facilitate and optimize the expansion of railway transport and, as a consequence, to expand the already existing options to the outflow of goods throughout the country. With the consolidation of the brand new authorization regime – …