UAE Employment Practices and Development Under COVID-19
Work and business concerns in the UAE are getting back to an ever-evolving new normal. The population continues to social distance, wear masks, and the government is now vaccinating to control the spread of the virus.
Fitbit’s Acquisition by Google: Not So Fit For The Latter
There was a time, when internet was making inroads, that technology was the flavour of the day. Technology companies which started during that era became market leaders and, for long, they were revered and their actions went, virtually, unchecked. This reverence was owing to the extent to which they made our lives easy but, it …
Continue reading “Fitbit’s Acquisition by Google: Not So Fit For The Latter”
The Complex Commercial Litigation Review
Cyprus is a common law jurisdiction country and its justice system is based on the adversarial model. Most of Cypriot law has been modelled after the English Common Law and Equity, the basic principles of which are directly applied by Cyprus courts, under Section 29 of the Courts of Justice Law.
Lending & Taking Security in Cyprus: overview
A Q&A guide to lending and taking security in Cyprus. The Q&A gives a high level overview of the lending market, forms of security over assets, special purpose vehicles in secured lending, quasi-security, guarantees, and loan agreements. It covers creation and registration requirements for security interests; problem assets over which security is difficult to grant; …
Continue reading “Lending & Taking Security in Cyprus: overview”
Employer acquitted of liability – workplace, person to be charged, instructions and supervision was at issue
On 5 July 2019, one of the Danish district courts (the District Court of Herning) found that a master painter was liable for compensation in connection with an injury accident caused when an apprentice fell off a balcony and suffered severe head injuries.
NEW REGULATION FOR THE AUTHORIZATION OF CREDIT INSTITUTIONS – BANKS’ AUTHORIZATION PROCEDURE
Introduction In follow-up to our summary regarding the preliminary evaluation for the banks’ authorisation, as detailed in Regulation no. 12/2020 on the authorization of credit institutions and amendments pertaining to the same (“Regulation 12/2020”), we will shortly review below the information and documentation to be submitted by a bank in order to obtain authorisation from …
Depositary Duties in the Alternative Investment Funds Realm
One of the key players in the Alternative Investment Fund’s industry sector is the depositary. A depositary is in essence the entity responsible for the safekeeping, cash monitoring and oversight of the AIF’s assets. As the reader may appreciate, this is perhaps the most important service provider of an AIF as it operates as an …
Continue reading “Depositary Duties in the Alternative Investment Funds Realm”
Beginning of a New Age: The Commitment Mechanism Introduced in Turkish Competition Law Enforcement
The Turkish Competition Authority (“Authority“) has recently published its Draft Communiqué on Commitments Offered During Preliminary Investigations and Investigations on Restrictive Agreements, Concerted Practices, Decisions and Abuse of Dominance (“Draft Communiqué“) which has introduced a new commitment mechanism to Turkish competition law enforcement.
EU Whistleblower Directive
The Directive (EU) 2019/1937 on the Protection of Persons Who Report Breaches of Union Law (EU Whistleblower Directive), hereinafter “the Directive”, was adopted on 23 October 2019 and has a transposition deadline of 17 December 2021 (with the exception of the obligation to establish internal reporting channels with a further two-year extended deadline), with the …
Rejection of Applications and Revocation of Cyprus Citizenship
The Cyprus Investment Program seemed problematic from the beginning and even the amendments could not save and protect the abuse of the Program. The Cyprus Government decided to terminate the Program with final submission date the 30th of October 2020 after amending the Law regulating the Citizenship by Investment Program. The new policy of the …
Continue reading “Rejection of Applications and Revocation of Cyprus Citizenship”