BlackOak Workshop Series – Introduction
BlackOak LLC is excited to launch a series of 2- 3 minutes video blogs in which our Directors and Associates will present summaries of thought leadership issues, notable cases and court decisions as well as current trends in the restructuring and insolvency space.
Russian Case Law in 2020 on Recognition and Enforcement of Foreign Judgments under Reciprocity Rule
Recognition and enforcement of foreign judgments (‘R&E’) is a persistent problem of Russian case law. Different obstacles still arise even when judgments, filed for R&E in the Russian Federation, are made by courts of countries which are contracting parties to multilateral conventions (e.g., the Minsk Convention 1993, Kiev Convention 1992) or bilateral treaties on legal …
New scheme on fast track business activation in Cyprus
The Fast Track Business Activation mechanism was approved by the Council of Ministers on 3rd of September 2020 aiming to further attract foreign business to Cyprus as well as to provide fast and efficient services to foreign businesses wishing to establish presence in Cyprus.
CYPRUS – THE REGISTERS FOR REAL BENEFICIARIES (Companies – Trusts and other Legal Bodies)
A. INTRODUCTION On 18/02/2021 the Cyprus House of Representatives has enacted the amending law on the Prevention and Suppression of Money laundering and Terrorist Financing Law of 2021 (the “AML Law”) transposing at a national level the 5th Anti-Money Laundering EU Directive 2018/843 (the “AMLD”) which imposes minimum standards to the Member States for the …
GDPR decisions – February 2021
Phone conversations recorded by on-call GPs A Danish citizen had filed a complaint about her phone conversation with an on-call GP in the Region of Southern Denmark being recorded and the fact that the on-call GP subsequently denied to erase the recordings. The Danish Data Protection Agency found that it was alright for the on-call …
Newly Notified Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rule 2021
Introduction The Ministry of Electronics and Information Technology (“Ministry”) on 25th February 2021 notified the Information Technology (Guideline for Intermediaries and Digital Media Ethics Code) Rules, 2021 (“Rules”) to regulate digital media, social media companies and over the top (“OTT”) platforms. The Rules also provides provisions pertaining to publishers of news through digital media (“Digital …
CYPRUS AND DAC6
INTRODUCTION The Directive (EU) 2018/822 expand once more the provisions of the Directive 2011/16/EU – Directive on Administrative Cooperation (DAC), regarding mandatory automatic exchange of information in the field of taxation in relation to reportable cross-border arrangements. The Directive (EU) 2018/822 represents the 6th modification of DAC, and for this purpose it is called DAC6. …
Proposed Amendments to the Personal Information Protection Act
Introduction On January 6, 2021, the Personal Information Protection Committee (PIPC) proposed and announced for public comment significant amendments to the Personal Information Protection Act (PIPA) (the Proposed Amendments). We discuss some of the key aspects of the Proposed Amendments in greater detail below.
Will The Right to Disconnect become the New Reality?
The right to disconnect refers to a worker’s right to be able to disengage from work and refrain from participating in work-related communications, such as emails and WhatsApp messages, during non-working hours.
The Reinstatement of an Employee Following a Case of Unfair Dismissal
The Employment and Industrial Relations Act[1] (‘EIRA’) regulates the powers of the Industrial Tribunal (‘Tribunal’) in cases of dismissal. Article 81(1) of the EIRA states that upon concluding that the dismissal of an employee was unfair, and upon the specific request by the complainant, the Tribunal may proceed with the reinstatement or re-engagement of such employee.