The number of arbitrators and a preliminary award in a multi-party arbitration in Cyprus
One of the main issues in the constitution of an arbitral tribunal is the number of arbitrators. Most of the times, either the arbitration agreement itself or the default rule of the national laws or the applicable institutional rules provide the number of arbitrators. Nevertheless, the constitution of the arbitral tribunal became one of the …
Litigation and Enforcement in Cyprus: An Overview
A Q&A guide to dispute resolution law in Cyprus.
What You Should Know About Debt Consolidation Loan in UAE?
Financial liability in terms of multiple loans or credit cards is to be best handled by availing the option of a ‘Debt consolidation loan in UAE’. There are several banks in the UAE providing the services of a ‘debt consolidation loan’. As per the latest surveys, it is seen that at least three in five …
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WILL PRE-PACKS ARREST THE DELAYS AND SPEED UP DISTRESSED DEALS IN INDIA?
India has recently enacted the Insolvency and Bankruptcy (Amendment) Ordinance, 2021 (Ordinance), under which the pre-packaged insolvency process (“PPIP”) for MSMEs with a default of up to INR10,000,000 (Indian Rupees Ten Million) has been made effective. Further, the Ministry of Corporate Affairs has notified the minimum amount of default to trigger the PPIP under the …
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Punishments On Criminal Offenses in the UAE
Dealing with a criminal case is certainly not an easy thing to do and would indeed require a criminal lawyer or legal professional on your side. The current article By Criminal Lawyers of Dubai will provide an elaborate explanation to the criminal offenses and their processes in the UAE.
Introducing Regulation (EU) 2019/1238 on a pan-European Personal Pension Product (PEPP)
On 26 March 2021, the MFSA issued a Circular regarding the implementation of Regulation (EU) 2019/1238 on a pan-European Personal Pension Product (the Regulation). Applicable as from 22 March 2022, the Regulation recognizes that despite EU households being among the highest savers in the world, the bulk of those savings are held in bank accounts with short …
Switch Bills of Lading: Risks and Instruments of Fraud
In international trade goods are often bought and sold by traders and they often do not produce the goods. The trader earns on the price differential between his supplier and buyer. Often the trader will want to protect the identity of the supplier / shipper and may ask the carrier to switch bills of lading …
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MEASURES TAKEN BY ROMANIA – THE STATE OF ALERT AMID THE COVID-19 PANDEMIC
INTRODUCTION Romania has entered a state of alert as of May 18, 2020, in order to contain the spread of and fight against the effects of the severe acute respiratory syndrome coronavirus 2, known as SARS-CoV-2. The state of alert has been maintained until present.
Proposal for a Specialised Court for Maritime Cases
Recently, a proposal was made by the Malta Maritime Forum (MMF), following Justice Joseph Zammit McKeon’s suggestion, for the Law Courts’ commercial section to be expanded in order to cater for maritime court cases specifically. He stated that this should be done by allotting more judges and by having a specialised court to deal solely …
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Companies trading virtual assets can now be domiciled in Dubai’s Free Zone
Dubai has been, over the past few years, orienting its policies in order to welcome and attract companies trading virtual assets, namely crypto assets.