Insolvency & Restructuring Update | February 2020
Considered as the biggest insolvency reform in India, IBC has had a multi-faceted impact on India Inc and significantly reduced the time taken to resolve debt-related situations as compared to earlier regime, besides instilling a heightened focus on governance, transparency, promoter rights, debt repayment and other attendant issues.
Withholding Tax on Assignments of Rights acquired under a Promise of Sale Agreement
Deborah Mifsud The Commissioner for Revenue has published guidance relation to the 2020 budget measures introduced regarding the withholding tax due on the assignment of rights acquired under a promise of sale agreement (ċessjoni ta’ konvenju). This measure is retroactively applicable in relation to any assignments made from 1 January 2020 and the relative legislation …
New Regulatory Regime for Exempted Funds and Private Funds
On 8 January 2020, the Government of the Cayman Islands published a draft Private Funds Bill, 2020 (the “”) and simultaneously a draft Mutual Funds (Amendment) Bill, 2020 (the “” and together with the Private Funds Bill the ” Bills”).
The International Tax Co-operation (Economic Substance) Law, 2018
On 1 January 2019, the Cayman Islands introduced The International Tax Co-operation (Economic Substance) Law, 2018 (the “Law”). The Law has been issued in response to the Cayman Islands’ commitment to the global initiative to combat base erosion and profit shifting.
Data Protection Law, 2017 In Effect
The Cayman Islands Data Protection Law, 2017 (the “DPL”), came into effect on 30 September 2019.
What’s there in a Copyright registration? – An Indian Perspective
“Ques: Is it necessary to register a work to claim copyright? Ans: No. Acquisition of copyright is automatic and it does not require any formality. Copyright comes into existence as soon as a work is created and no formality is required to be completed for acquiring copyright. However, certificate of registration of copyright and the …
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Relief for Religare Finvest Ltd in SEBI proceedings
Securities Appellate Tribunal (“SAT”) recently set aside orders passed by Securities and Exchange Board of India SEBI against Religare Finvest Ltd (“RFL”) directing RFL and others to pay an amount of Rs. 403 crores along-with interest to Fortis Healthcare Ltd (“FHL”).
GVZH Contributes to GDPR Enforcement Tracker
Together with other European law firms, GVZH’s regulatory team contributed to a GDPR Enforcement Tracker which was launched by Baker McKenzie. This Tracker provides an extensive overview of the EU enforcement measures which have taken place since the introduction of the General Data Protection Regulation (“GDPR) in May 2018. The tool is intended to report …
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Discrimination in Football: Its most famous cases,the evolution of its regulations,and its remedies
According to Oxford dictionary, discrimination is “The unjust or prejudicial treatment of different categories of people, especially on the grounds of race, age, or sex.”
New Supreme Court Decision Constrains Patentee’s Strategic Use of Correction Petition in Pending Patent Case
On January 22, 2020, the Supreme Court ruled, en banc, that if a petition to correct a patent specification or drawings is granted after the conclusion of the appellate phase of a patent invalidation action, the decision granting such petition cannot be a ground for retrial under Article 451, Paragraph 1, Subparagraph 8 of the …