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Legal Developments - Law Firm Thought Leadership by MICHAEL KYPRIANOU & CO

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Creation of Special Tax Audit Unit under the Supervision of the General Department of Taxation

ILAW CAMBODIA LAW OFFICE | August 20, 2024

REGULATION AND OBJECTIVES OF SPECIAL TAX AUDIT UNIT On July 16, 2024, the Cambodian Prime Minister signed into law Sub-Decree No. 160 ANKr.BK, establishing a special tax audit unit under the supervision of the General Department of Taxation (GDT) within the Ministry of Economy and Finance.

New Cambodian Legislations regarding Commercial Advertisement of Alcoholic Products

ILAW CAMBODIA LAW OFFICE | August 20, 2024

On 23rd July 2024, the Ministry of Information issued the Prakas No. 084 PrK.Info, in order to determine the forms, procedures, and measures to govern the commercial advertisement of alcoholic products.

Visa Exemption for Nationals of 93 Countries and Territories in Thailand

ILCT Ltd. | August 16, 2024

In accordance with the regulations of the Kingdom of Thailand, nationals of 93 specific countries and territories are eligible for visa exemption under certain conditions.

EXCLUSION CLAUSES IN CONTRACTS BARRING A CLAIM FOR DAMAGES

Argus Partners | August 16, 2024

I.   Introduction Section 73 of the Indian Contract Act, 1872 (“Contract Act”) is a statutory declaration of the right of a party to claim damages for a loss or damage caused by breach of the contract.

Conflict Resolution through the Public Prosecutor’s Office in Brazil: An In-Depth Overview

Medina Osorio Advogados | August 16, 2024

The 1988 Federal Constitution, often referred to as the “Citizen Constitution,” brought significant transformations to Brazil’s legal framework, establishing a robust structure for the defense of the democratic regime and fundamental rights. Among its most notable innovations was the strengthening of the Public Prosecutor’s Office (Ministério Público), which was endowed with broad and essential powers …

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Climate Change and ESG Considerations in India’s AI-Driven Future

S&R Associates | August 16, 2024

Google recently acknowledged in a 2024 environmental report that its 2030 net-zero goals were at risk because of developments related to artificial intelligence (“AI”).

Regulatory Investigation in Hong Kong 

YYC Legal LLP | August 14, 2024

Regulatory investigations in Hong Kong cover enquiries, interviews or raids by regulators or enforcement authorities in relation to corruption, corporate fraud, white-collar crime, breach of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and market misconduct in the securities market governed by the Securities and Futures Ordinance (Chapter …

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New Regulations for Increasing the Capital of a Private LLC 

FRANK Legal & Tax | August 14, 2024

Order No. 1/2567 Provides New Compliance Rules for Companies with Over 5 Million THB Capital The Central Partnership and Company Registration Office has recently issued a pivotal directive: Order No. 1/2567. This new order, which supersedes the previous Order No. 1/2566, introduces significant changes to the regulatory framework for the establishment, capital increase, and mergers …

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Thailand Updates E-commerce Regulations: What You Need to Know

FRANK Legal & Tax | August 13, 2024

Thailand’s Ministry of Commerce has recently introduced significant changes to its e-commerce regulatory framework through the issuance of,

Motor Finance Undisclosed Commission Claims: the Law as it Stands

25 Canada Square Chambers | August 13, 2024

In this article, Mark Erridge (Pupil Barrister) sets out the law as it currently stands relating to undisclosed commissions in motor finance claims,

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