Amendments to the Prevention of Money Laundering Act 2021
On the 9th of April 2021, Act XV of 2021 came into force with the aim to amend The Prevention of Money Laundering Act (PMLA) being Chapter 373 of the Laws of Malta. The aim of such amendments is for Maltese legislation to comply further with European Union law.
Cyprus enacts the 5th Anti Money Laundering Directive Introducing Crypto Assets
The enactment of the 5th Anti Money Laundering Directive via amendment of Law 188(I)/2007 constitutes the introduction of mandatory crypto assets regulation in Cyprus. In light of further emerging national and European regulation, a balance should be struck between initiative and consistency.
Signing and Closing in Mergers and Acquisitions (M&A)
Negotiations of business acquisitions are often complicated and drawn out. After successful contract negotiations, the parties are usually keen to complete the business purchase quickly. However, due to the complexity of such transactions, it is common practice that the actual economic transition takes place with a significant delay after the date of the signing of …
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New regime of broadcasting rights regarding the Portuguese professional football leagues
On 23 March 2021, the new legal regime regarding the ownership of broadcasting rights of the 1st and 2nd football leagues came into force (Decree-Law no. 22-B/2021, of 22 March).
Foreign companies doing business in Ukraine in 2021: tax issues to consider
In the middle of 2020, significant tax reform was introduced in Ukraine. The newly adopted changes aim at implementing the BEPS plan into Ukrainian legislation and can influence significantly the presence of foreign business here.
Recent Decision Involving Business Profits vs. Royalties Characterization under the US-Korea Tax Tree
Lee & Ko Tax Group is pleased to distribute this Tax Alert Newsletter to our clients and friends of an important tax case recently decided by the Seoul Administrative Court (2019Guhap70643, February 5, 2021) involving certain payment for the purchase of software by a Korean subsidiary to its US parent. This case appears to disagree …
Finally! – Halloumi will actually be made in Cyprus, as it should be
It has been a long road for everyone’s favourite cheese. The protection of halloumi cheese should have never been complicated. The firm cheese which has the unique quality of retaining its shape even when fried or grilled, has its origins in the island of Cyprus where it has been produced for many centuries. Traditionally, halloumi …
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Patent or utility model. How to protect inventions
In the context of rapidly evolving innovations and globalization of markets, more and more inventors and companies face the need to protect the results of their intellectual activity in a timely manner and with informed choices.
How to use photographic works on the Internet without infringing the author’s rights
In our practice in the field of intellectual property and protection of copyright and related rights, we more and more often encounter various cases in which photographic works are used on the Internet by third parties other than the authors or the copyright holders. We witness how some users perceive someone else’s works available in …
ASDA workers win latest round of long-running equal pay fight
A Supreme Court decision has given more than 44,000 Asda employees victory in their fair pay fight with their employers paving the way for a legal battle that could last years.