LEx_GTDT Private Client
Given the international mobility of wealthy individuals and their families, it is vital that they and their local advisers have a resource to guide them through the often significantly different legal frameworks they may face in other jurisdictions in which they choose to live, do business and invest. Stella Strati and Nikoleta Christofidi contribute the …
Reliance on Copies in the Absence of Original Documents
Often there are times where an important document is no-where to be found and all that is left are copies made by the photocopy machine. While in some cases a new original document may be issued such as certificate of shares[1], this may not necessarily be the case in some other situations. In times like …
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Covertly Obtained Telephone Conversation – Is It Admissible in Court?
Each citizen deserves to enjoy a private life where one can freely converse with another person without interference or fear that the conversation might be heard by any 3rd party. In the modern days of today, it is not foreign for anyone to communicate with each other through telephone calls and instant messaging applications. Although …
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Indemnity Clauses In Share Sale Transactions
Introduction One of the most heavily negotiated clauses in a share sale agreement (“SSA”) is indemnity clause. The parties to the SSA can agree on the most fundamental thing, including the purchase price, from day one but a clause that seems like just a boilerplate to an agreement – indemnity clause – may take months …
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Corporate Liability Provision Under Section 17A MACC Act 2009 and Why It Matters to You
The Malaysian Anti-Corruption Commission Act 2009 (MACC Act) has been amended, among others, to introduce corporate liability provision for bribery and corruption under Section 17A, which will come into effect on 1st June 2020.
The Right to Sue Directors for Causing Wrongful Loss Towards the Company
Introduction A company director is appointed to manage the day-to-day business activities and finances and to ensure all statutory obligations are met. As a director, the appointed person shall manage all the business affairs of the company, with a view to promote, not his own interests, but to give his best judgment in the interests …
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Corporate Fraudulent Misrepresentation: Undoing the Done?
Introduction Today, businesses are blooming in line with the globalization of trade. However, let’s face it. The advancement and expansion of business opportunities have triggered greater competition, forcing the players in the industry to be more innovative to survive and remain as competent players in the industry. More often than not, business engagements and corporate …
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Looking back at GDPR matters in 2020
2020 is drawing close to an end, and also in terms of the GDPR, it is a fact that COVID-19 has taken up massive attention. New questions arose, to which answers were needed, e.g.: Is it allowed for an employer to register data about COVID-19? Is it allowed to transfer data about COVID-19? Where can …
GDPR decisions – December 2020
Danish municipality reported to the Police and is facing EUR 6,700 fine The Danish Data Protection Agency (the DPA) has reported the municipality of Guldborgsund to the Police and recommended a fine of EUR 6,700 (DKK 50,000) since the municipality failed to act with necessary alertness in connection with a security breach.
GDPR decisions – November 2020
The Irish DPA fines Tusla Child and Family Agency EUR 75,000 In May 2020, the Tusla Child and Family Agency (Tusla) was imposed with an administrative fine of EUR 75,000, which has now been heard and confirmed by an Irish court of law.