Cannabis – Licence to import, develop and cultivate
The Danish medicinal cannabis pilot programme runs until 31 December 2021. The programme entails that licences can be issued for the import of cannabis for Danish patients, and companies may apply for a license to cultivate, produce and distribute medicinal cannabis in Denmark. In parallel to the pilot programme, a development scheme has been introduced …
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The Creation of Cell Companies by Companies carrying on or engaged in Shipping or Aviation Business
By virtue of Legal Notice 248 of 2020, new regulations were issued under the Companies Act entitled Companies Act (Shipping and Aviation Cell Companies) Regulations (the “Regulations”). These Regulations were introduced to complement the recently introduced enabling provision under article 84E of the Companies Act (Chapter 386 of the Laws of Malta) (the “Companies Act”). …
Insurability of corporate fines: new draft law’s implications for insurance industry
While in many other countries, such as the United States and France, corporate penalties have long been common practice, in Germany only natural persons have traditionally been subject to criminal law. However, on 22 August 2019 the Federal Ministry of Justice and Consumer Protection presented its draft bill for a new and independent law on …
First ASD News Magazine
We are very happy to present our first international ASD News Magazine to you.
KfW “fast loans” (KfW-Schnellkredite) and improved credit conditions
In April, the so-called KfW “fast loans” (KfW-Schnellkredite) were introduced for medium-sized companies.
ASD | INSURANCE NEWS
Currently it is not yet possible to estimate all the impacts of the COVID-19-pandemic. However, it is clear that there are massive impacts and it is likely that those impacts will continue to increase. Nearly all parts of our economy have been affected and necessarily so are the insurances.
Sayenko Kharenko advises EBRD on EUR 7.5 million financing to Bank Lviv to support Ukrainian SME
Sayenko Kharenko acted as Ukrainian legal counsel to the European Bank for Reconstruction and Development (EBRD) on providing an up to EUR 7.5 million synthetic loan in local currency to Bank Lviv under the EU4Business-EBRD Credit Line. The synthetic structure of the loan provides access to long-term UAH funds to eligible SME borrowers of Bank …
Bank loans and renegotiation conditions after lifting the state of emergency
As part of the measures taken to cope with the adverse economic consequences of the state of emergency, introduced by the National Assembly on March 13, 2020, the Association of Banks in Bulgaria came up with a specific proposal for the introduction of the so-called “Private moratorium” on credit payments. The set out rules are …
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Covid-19: Legal Reflections on Virtual Closings
There is no doubt that Covid-19 represents a new challenge in all sectors of the economy, let alone the legal world. In light of this, the issue of distant or virtual closings in corporate finance transactions is revisited by Elena Georgiou, who provides practical guidelines as to how to structure the closing of a deal …
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Incoterms 2020
On 1 January 2020, a new version of Incoterms rules came into force. The new version contains clarifications and modifications which your company should be aware of when applying the rules.