Panama: Short stay visa as a remote worker
The Government of the Republic of Panama, in response to the new modalities of work worldwide, among these, remote working, considered it appropriate to create this subcategory within the Non-Resident Visas.
Recovery of the constructor’s debts: How to register the legal mortgage (statuatory lien) of the constructor in the land book
Construction companies can recover the value of construction works in Romania carried out and unpaid by the developer by initiating legal proceedings against the beneficiary. The law firm Pavel, Margarit and Associates recommends the registration of the legal mortgage of the constructor in the land book of the beneficiary. A lawyer specialized in real estate …
SHOULD INDIAN SECURITIES LAW SHIFT FOCUS FROM PROMOTERS TO PERSONS IN CONTROL?
Indian securities law has focussed on regulating, holding accountable and penalizing “promoters” as a result of concentrated family owned businesses which are largely prevalent in India. In this regard, the Securities and Exchange Board of India (the “SEBI”) defines a “promoter” to include any person: (a) who has been identified as a promoter by the …
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Lee Shih and Nathalie Ker from Lim Chee Wee Partnership speak about the developments in the law and practice of judicial management in Malaysia
As part of the BlackOak Workshop Series, Lee Shih and Nathalie Ker from Lim Chee Wee Partnership share with us practical insights into the law and practice of judicial management in Malaysia. It has been 3 years since judicial management legislation was introduced as an additional weapon in the armoury of Malaysian insolvency practitioners. We …
The Act to Regulate the Legal Profession in Malta
An act regulating the legal profession in Malta has entered into force on the 20th April 2021. The aim of the act was to address inefficiencies identified by Moneyval and to create further safeguards for the legal profession in terms of money-laundering risks.
Lego, The Block of Discord
On 24 March 2021 the European General Court (EGC) overturned the 10 April 2019 decision of the Board of Appeal of the European Union Intellectual Property Office (EUIPO) invalidating a design for one of the blocks of the famous Lego building set.
Amendments to the Prevention of Money Laundering and Funding of Terrorism Regulations – Legal Noti
On 30th April 2021 a legal notice (L.N. 199 of 2021) (the “Legal Notice”) introduced a number of amendments to the ‘Prevention of Money Laundering and Funding of Terrorism Regulations’ (the “PMLFTR”). The following is a short synopsis of the key amendments:
Director’s Failure to Intervene: Breach of Fiduciary Duty in the Context of Insolvency
Introduction A director owes fiduciary duties to a company to prevent the assets of the company from being depleted illicitly, especially when the company is insolvent. This is regardless of whether or not the director is a de jure, de facto or shadow director. The duty of a director includes taking action or intervening when it is …
A Newly Launched Residence Opportunity: the ‘Malta Permanent Residence Programme’
The Malta Permanent Residence Programme (hereinafter ‘MPRP’) was launched on the 29th March 2021 by virtue of Legal Notice 121 of 2021. The MPRP is a residency-by-investment programme which essentially entitles the beneficiary (who must be a non-EU national) to the right to settle, stay and reside in Malta on a permanent basis. In addition, one …
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Limitation on Financing Expense Deduction through the Updated Draft Communique
With the Article added to Corporate Tax Law No. 5520 (“CTL”) through Law No. 6322 promulgated in the Official Gazette dated 15.06.2012, the limitation on financing expense deduction was re-introduced into our legislation. According to the regulation whose first effective date was 01.01.2013, for the taxpayers whose foreign liabilities exceed their equity capital, except for credit …
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