Shaking up the shipping industry
The International Maritime Organisation’s new regulations on low-sulphur fuel are changing how global shipping is powered. Yet these regulations appear to be just the vanguard of a coming wave of environmental regulation that may see the world’s shipping fleet transformed in the decades ahead. In the race for cleaner, more efficient vessels, renewable fuel options …
So long Sulphur emissions: navigating the new IMO regulations
In January 2020 the shipping industry, and those supplying its fuel, face one of the biggest challenges in decades. How is the sector preparing for the next adaptation of the MARPOL Convention?
The Importance of Cyber Security in Turkey’s Shipping Industry
Cybersecurity has become of the most immediate and pressing problems affecting businesses everywhere. Due to the reason that cyber risk has no borders, it makes the need for comprehensive and effective cybersecurity paramount in every jurisdiction and in every sector.
Turkish Law On Data Breaches GDPR Report
Turkey’s first comprehensive data protection law was being launched in April 2016. The 2016 Law on the Protection of Personal Data (“Turkish Data Protection Law”) is based largely on EU Data Protection Law.
Recent Decision by the Tax Tribunal Regarding Application of the Flat Tax Rate to Foreign Employees
Application of the flat tax rate to “a foreign employee who worked in Korea for a period which ended before January 1, 2014, and recommenced working in Korea after January 1, 2014”
Think Before Spreading Rumours About Corona Virus In UAE
Originated in a small city Wuhan of China, Coronavirus has now caused serious perturbation globally.
Prevention is better than cure – Safeguarding your business from potential harms of COVID-19
With the coronavirus just raising its head in India apart from serious public health issues, various questions regarding performance/inability to perform commercial obligations and contracts by parties have come to the forefront. With the Finance Ministry clarifying that Force Majeure clauses can be invoked on account of the outbreak in appropriate cases and the virus …
Employment non-disclosure agreements: what employers need to know
The use of non disclosure agreements, or confidentiality clauses as they are also commonly known, can be both a highly complex and highly sensitive topic, not least where allegations of misuse as a means of covering up workplace harassment and unlawful discrimination have been rife in the media.
What All You Should Know About Bankruptcy Law Of UAE?
According to Article 68 of the Law, an debtor will request if he has defaulted in making payments from more than 60 days from date of outstanding debt due to severe financial conditions.
CSSF clarifies individual AML/CFT responsibilities for managers and funds
In a frequently-asked questions document issued on November 25, 2019, Luxembourg’s Financial Sector Supervisory Authority (CSSF) has clarified the roles and responsibilities of the two individuals in charge of compliance with Anti-Money Laundering and Counter Financing of Terrorism (AML/CFT) controls for Luxembourg investment funds and managers according to the requirements of Article 4(1) of the …
Continue reading “CSSF clarifies individual AML/CFT responsibilities for managers and funds”