Tug Varahi
The Madras High Court on Saturday (June 13, 2020) ordered an arrest of a vessel, Tug Varahi, berthed at Adani Port, Kattupalli. The warrant of arrest was served on the vessel in the wee hours of Sunday (June 14, 2020), 1:30 am to be precise in the midst of the prevalent lockdown due to the pandemic. …
Business Rehabilitation in Thailand: What Every Thai and Foreign Creditor Needs to Know
This newsletter, which is the first in the series on business rehabilitation in Thailand, takes readers through the anatomy of a typical business rehabilitation proceeding under the Bankruptcy Act and highlights a number of the key preliminary issues that both Thai and foreign creditors should be aware of during each stage of the business rehabilitation …
Corporate reorganization in Ukraine: consolidations and liquidations
The global financial crisis and the COVID-19 pandemic are impacting businesses all over the world so badly that many operations have stopped, exports have fallen and imports are being replaced by domestic consumption, and international corporations had to put on hold any expansion plans and their forays into other markets. In such an unprecedented situation, businesses …
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Cannabis – Licence to import, develop and cultivate
The Danish medicinal cannabis pilot programme runs until 31 December 2021. The programme entails that licences can be issued for the import of cannabis for Danish patients, and companies may apply for a license to cultivate, produce and distribute medicinal cannabis in Denmark. In parallel to the pilot programme, a development scheme has been introduced …
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The Creation of Cell Companies by Companies carrying on or engaged in Shipping or Aviation Business
By virtue of Legal Notice 248 of 2020, new regulations were issued under the Companies Act entitled Companies Act (Shipping and Aviation Cell Companies) Regulations (the “Regulations”). These Regulations were introduced to complement the recently introduced enabling provision under article 84E of the Companies Act (Chapter 386 of the Laws of Malta) (the “Companies Act”). …
Insurability of corporate fines: new draft law’s implications for insurance industry
While in many other countries, such as the United States and France, corporate penalties have long been common practice, in Germany only natural persons have traditionally been subject to criminal law. However, on 22 August 2019 the Federal Ministry of Justice and Consumer Protection presented its draft bill for a new and independent law on …
First ASD News Magazine
We are very happy to present our first international ASD News Magazine to you.
KfW “fast loans” (KfW-Schnellkredite) and improved credit conditions
In April, the so-called KfW “fast loans” (KfW-Schnellkredite) were introduced for medium-sized companies.
ASD | INSURANCE NEWS
Currently it is not yet possible to estimate all the impacts of the COVID-19-pandemic. However, it is clear that there are massive impacts and it is likely that those impacts will continue to increase. Nearly all parts of our economy have been affected and necessarily so are the insurances.
Sayenko Kharenko advises EBRD on EUR 7.5 million financing to Bank Lviv to support Ukrainian SME
Sayenko Kharenko acted as Ukrainian legal counsel to the European Bank for Reconstruction and Development (EBRD) on providing an up to EUR 7.5 million synthetic loan in local currency to Bank Lviv under the EU4Business-EBRD Credit Line. The synthetic structure of the loan provides access to long-term UAH funds to eligible SME borrowers of Bank …