Changes in the Cyprus-Passport-Investment-Scheme
On 13th of September 2016, the Cyprus Council of Ministers has approved the amendments to the Scheme for Naturalisation of Investors in Cyprus by Exception. The said scheme is based on subsection (2) of section 111A of the Civil Registry Laws of 2002-2015.
Modernisation of Luxembourg Company Law: changes affecting the S.à r.l.
The law of 10 August 2016 modernising the law concerning commercial companies of 10 August 1915 and amending the Civil Code as well as the law of 19 December 2002 on the register of commerce and companies and the accounting and annual accounts of companies (the “Law”), entered into force on 23 August 2016. The …
Continue reading “Modernisation of Luxembourg Company Law: changes affecting the S.à r.l.”
1 November 2016: Ardian will acquire lighting Group SLV from Cinven
The independent private investment company Ardian has won the bidding for the Germany based lighting maker SLV. Ardian entered into an agreement with Cinven to acquire SLV. The completion of the transaction is subject to approval of the applicable anti-trust authorities.
18 October 2016: Dr. Michael Cartier elected officer of the Inter-Pacific Bar Association (IPBA)
Dr. Michael Cartier was elected as an officer of the Inter-Pacific Bar Association (IPBA) for the years 2016 to 2022. Dr. Michael Cartier has previously been Chair of the IPBA TMT Committee from 2013 to 2016. The IPBA is an international association of business and commercial lawyers with a strong interest in the Asia-Pacific Region. …
8 November 2016: Next Generation takes over Lunchgate
Simultaneously with a capital increase a group of investors led by Nikolaus Wein and Yves Latour has acquired a majority stake in Lunchgate AG from its founders. Lunchgate, Switzerland’s leading restaurant platform, was founded in 2009 as ICT startup and has developed a comprehensive product portfolio for restaurateurs and gastronomy groups.
2 November 2016: Victory before the Supreme Court
With decision dated 6 October 2016, the Swiss Federal Supreme Court fully rejected a motion to set aside an arbitral award. The decision resulted from a dispute in the amount of about USD 35 million concerning the aviation industry.
Thailand Trademark Reform: The Key Points You Need To Know
The revised Thai Trademark Act is in force since 28 July 2016. We have listed below the key changes legal practitioners and brand owners alike need to know about…
Another Shockwave for Real Property
1 Nov 2016 at 04:00 / NEWSPAPER SECTION: BUSINESS Another Shockwave for Real Property It is undeniable that real property has taken the biggest hit from the tax policies of the current military government. The new gift and inheritance taxes focus on real property, while the new property tax is designed to correct the flaws of …
Luxembourg regulator updates rules for UCITS depositaries
Luxembourg’s Financial Sector Supervisory Authority (CSSF) has issued on October 11, 2016 Circular 16/644, which sets out revised rules applicable to all Luxembourg credit institutions acting as depositary banks for UCITS funds as well as to all Luxembourg UCITS, including self-managed funds, and/or their management companies. The circular sets out regulatory requirements clarifying rules under …
Continue reading “Luxembourg regulator updates rules for UCITS depositaries”
Bangladesh-The New Business Hub of Asia!
Ferdausur Rahman, Barrister (Lincoln's Inn) and Partner, A.S & Associates highlights the business opportunities in thefast growing economy of Bangladesh.Bangladesh is a booming economy, recently making the list of low-middle income countries as per the World Bank.According to the IMF, the Bangladeshi economy is projected to grow from $180 billion to $322 billion by 2021. …