A GUIDE TO THE DATA PROTECTION BILL, 2021
India’s proposed data protection law has been a long time in the making. In 2018, a committee of experts constituted by the Indian government issued a first draft of a proposed law on data protection. In late 2019, a revised version of the draft, titled the Personal Data Protection Bill, 2019 (the “PDPB”), was introduced …
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How to resolve a Dispute with a Bank in UAE?
Banking and financial disputes can easily become a painful hurdle for many, especially as they can cause wider disruptions to both your business and personal life. There are a variety of disputes that can fall within the scope of a banking dispute, and these include, amongst others, financial frauds, disputed money transfers, card loss, unauthorized …
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How is international arbitration implemented in the UAE during the new normal?
The number of arbitration cases being registered in the United Arab Emirates has been steadily increasing in recent years. This is especially so for Dubai in terms of commercial litigation, with arbitration being included as a standard clause for dispute resolution, whether relating to real estate matters, construction or commercial contracts. The year 2021 has …
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New updates on cybercrime law in the UAE – taking photos without consent
A recent reminder was issued by the UAE Federal Public Prosecution reminding citizens, residents and visitors in the United Arab Emirates on the country’s strict privacy laws. The United Arab Emirates has a very proactive and comprehensive cybersecurity strategy and has developed a strong cybersecurity infrastructure. Cybercrimes in UAE are regulated under Federal degree law …
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FSC Draws a Blueprint on the Future of Banking Business
On October 28, 2021, Mr. Seung-Beom Koh, Chairman of the Financial Services Commission (the “FSC”) held a meeting with the banking industry, including the heads of commercial banks and representatives from industry associations, other regulatory bodies and research institutions.
Turkey: Power of Privileged Shares
Authors: Gönenç Gürkaynak, Esq., Nazlı Nil Yukaruç, Selen Ermanlı Sakar and Nisa Aybüke Eroğlu, ELIG Gürkaynak Attorneys-at-Law
The novel registration of Crypto-Assets Service Providers in Cyprus
A very significant and ground-breaking step has been taken by the Cyprus Securities and Exchange Commission (“CySEC”) to regulate certain activities concerning crypto assets as a result of the transposition of the 5th Anti – Money Laundering Directive (the ‘’AML Directive’’) into the national legislation.
Changes to KFTC Merger Guidelines Took Effect on December 30, 2021
Expanding Scope of Business Combinations Eligible for Simplified Review The Korea Fair Trade Commission (the “KFTC”) amended the KFTC Guidelines on Merger Review (the “Amended Merger Review Guidelines”) to expand the scope of business combinations eligible for a simplified review, and the Amended Merger Review Guidelines took effect on December 30, 2021. A simplified review …
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Personal Data Privacy Protection (PDPP) in The State of Qatar
The importance of Data Privacy: Data privacy refers to the manner in which a piece of information or data should be treated in accordance with its relative value. It also refers to an individual’s capacity to choose when, how, and to what degree personal information about them is shared with or conveyed to others. This …
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Digital Finance: Current Issues and Laws NFTs: Key Korean Legal Considerations
NFTs, or non-fungible tokens, have exploded in popularity recently in line with the surge in interest in the metaverse among companies like Meta (former Facebook) as well as investors and consumers. We discuss the characteristics of NFTs and the legal and regulatory issues relating to them.