The era of environmentally & socially conscious entities: ESG in Cyprus
Today’s world calls for businesses which are not merely entities serving an economic purpose, but conscious beings whose decisions shape the world we live in. The 2021 26th United Nations Climate Change Conference, COP26, gathered together world leaders and delegates who were tasked with, inter alia, producing solutions to reverse climate change. Launched as a movement …
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What you should know about the new drugs law in the UAE
The UAE has longstanding laws in place governing the use, production and distribution of Narcotics and Psychotropic substances, designed to protect individuals, companies, and society at large, and to prosecute those who act in contradiction to its mandates. Overall, the most recent decree number 30 of 2021 institutes key new amendments to the Federal law …
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What is the foreign bribery law in the UAE?
What is bribery, and why is it an offence? Bribery refers to the offence of promising, offering or granting, either directly or indirectly, a person to either perform or to omit an act that is included in their duties or constitutes a violation of their duties.
What is the impact of ransomware on financial crime compliance in the UAE?
Ransomware attacks are now a bigger concern to major organizations around the world in. In this article we will discuss the major concerns around such attacks and the laws and regulations governing the same.
What are the changes in law proposed to allow divorce by mutual agreement to make it more convenient?
In the recent changes, a new decree-law on Personal status for non-Muslims in the emirate of Abu Dhabi has been enacted (hereinafter “New Decree”). The new Decree amends the previous practices applicable to the divorce of non-Muslims and allows the concept of unilateral divorce for the first time. The new Decree thus aims to provide …
What are the privileges of internal investigations in the UAE?
Senior administration, HR team, and consistence faculty of all enterprises and in a wide industry are approached against consistently with proof or charges of potential bad behavior at their organizations. These situations may extend from warning from the government for examination concerning claims of infringement of any government law by the partners or senior executives …
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Work patterns under the Federal Labour Law
Background: The Covid-19 pandemic and its global implications and fluctuations (the “Covid-19 Implications”) have negatively affected the global economy; however, the said pandemic highlighted several positive points that could not have been raised without the pandemic and the virus exposure all over the world. One of the most important positive points resulted from the Covid-19 …
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The Principle of Wilful Blindness and Its Implications in The Malaysian and English Legal Systems
The principle of wilful blindness has often been contested in courts. In criminal law, Wilful Blindness or ignorance of law refers to the ‘deliberate avoidance of knowledge of the facts’; that is, a person avoids gaining knowledge as a means of avoiding self-incrimination1. In its purest form, wilful blindness (also known as Nelsonian Blindness) refers …
2021 Updates to the Malaysian Code on Corporate Governance
“There is a strong need for good corporate governance and board leadership, especially as companies navigate the prolonged post pandemic recovery period.” Datuk Syed Zaid Albar Executive Chairman, Securities Commission Malaysia
Registering a Cosmetic Product in Malaysia
Introduction Cosmetic products in Malaysia are generally regulated under Sale of Drugs Act 1952 to be read together with Control of Drugs and Cosmetic Regulations 1984 (“CDCR”)1 and Guidelines for Control of Cosmetic Products in Malaysia (“Guidelines”). Under CDCR, a company which intends to manufacture, sell, supply, import and possess any cosmetic product must ensure …
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