Brexit Trade and Cooperation Agreement | The Impact on Aviation
Following years of ambiguity and fractious negotiations, it was finally announced that on a Christmas Eve like no other, the European Commission and the United Kingdom (UK) had reached a consensus concerning the long-awaited Brexit Trade and Cooperation Agreement (TCA) worth over £650 billion, which shall determine the terms and conditions of their relationship and future collaboration.The …
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Malta’s NFDI Screening Office Act is Out
On the 18th of December 2020, Malta’s National Foreign Direct Investment Screening Office Act (the ‘NFDISO Act’) was published, which came into force on the 11th October 2020 and implements Regulation (EU) 2019/452.Last year, the NFDI Screening Office (“NFDI Office”) was set up in Malta, ahead of the publication of the NFDISO Act in compliance with the Regulation. …
2009 Motor Insurance Directive: an Evaluation of Current Proposals for Amendment
The 2009 Motor Insurance Directive is paramount for materialising the fundamental right of freedom of movement for European citizens across the EU.The said Directive is a further step to consolidate the market in the motor insurance sector, while promoting the protection of both policyholders and victims of road traffic accidents. The Commission’s amendment proposals address …
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Workplace rights for employees undertaking IVF treatment in Cyprus
What is IVF treatment The first reported birth of a child conceived by ‘in Vitro’ fertilization (IVF) was in 1978.IVF alongside other Assisted Reproduction Technologies have since then become accepted practices to medically treat genetic or fertility issues. The IVF practice aims to improve the frequency of pregnancies by implanting a fertilized ovum in the endometrium, although …
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Coronavirus – A Force Majeure Event?
Coronavirus has taken Wuhan by storm when the outbreak was first discovered in one of central China’s most important industrial cities in December 2019. In less than three months as at the time of writing, the coronavirus disease COVID-19 has affected numerous countries and territories around the world which resulted in the quarantine of hundreds …
COVID-19: The Threat to Insolvency – Options to SMEs
Introduction The COVID-19 pandemic is creating significant health, social and economic challenges worldwide. The impact of this outbreak has raised many concerns in Malaysia especially for Small and Medium-sized Enterprises (“SMEs”) as there is a real risk of insolvency since business is limited due to the closure of premises during the Movement Control Order imposed …
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The Newly Introduced Malta Permanent Residence Program
During a seminar spearheaded by Parliamentary Secretary Alex Muscat and MRVA CEO Charles Mizzi on the 12th of January, 2021, details were given about a new residency program, which shall be entitled “Malta Permanent Residence Program”. This program is set to replace the Malta Residence and Visa Program (MRVP), which shall be phased out by …
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Taxation For Foreign Investors
This contribution aims to provide a high-level overview of the taxes that could apply to foreign investors in Thailand.
Foreign Direct Investment under the UAE Federal Commercial Companies Law Amendment
Background: There is no doubt that the United Arab Emirates (“UAE”) has been one (1) of the most important investment centers and a venue for all the investors around the world. In 2018, the UAE was ranked the 1st Arabian country with respect to the ability of Foreign Direct Investments (“FDI”), and acquired 33.3% of the total …
Foreign Direct Investment under the UAE Federal Commercial Companies Law Amendment
Background: There is no doubt that the United Arab Emirates (“UAE”) has been one (1) of the most important investment centers and a venue for all the investors around the world. In 2018, the UAE was ranked the 1st Arabian country with respect to the ability of Foreign Direct Investments (“FDI”), and acquired 33.3% of the total …