Doing Business In: Azerbaijan
As the largest country in the South Caucasus for both its territory and population, Azerbaijan has undergone enormous advancements both in economy and in national legal framework. Those developments are ranging from the significant changes in legislation, the establishment of centralized real estate and movable property registries, the establishment of e-government, the adoption of international …
Since gaining independence from the UK in 1960 Cyprus has transformed itself into a successful, modern international business centre. A Member State of the European Union (‘EU’) since 2004, it provides a gateway for investment into and from Europe and, due to its geographic location, it enjoys strong commercial ties with Eastern Europe, the Middle …
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Before delving into Cyprus’ contemporary corporate and commercial landscape, it is essential to understand the historical context that has shaped the country as a business hub. The island’s strategic location has made it a sought-after territory throughout history, with influences from various civilizations. The British colonial era, which lasted from 1878 to 1960, further impacted …
The Civil Transactions Law (CTL), issued by Royal Decree M/191 dated 29/11/1444 AH (corresponding to 18 June 2023), which came into force on 16 December 2023, has revolutionized the legal system in the Kingdom of Saudi Arabia (KSA) in relation to civil rights and liabilities. The CTL can be considered a codification of Shariah principles. …
Doing Business In: Iceland
The Icelandic business environment can be described as a modern western environment. Iceland is a member of the EEA Agreement and as such enjoys the benefits of the European Single Market. In a recent survey Iceland was ranked 12th in Europe in a country ranking measuring the ease of doing business. Furthermore, Iceland ranked 12th …
Change is an inevitable and constant force in our lives, and its impacts are deeply felt in the importance of wealth management and business structuring. In a world where personal and corporate landscapes evolve rapidly, the ability to adapt and strategize becomes crucial. Life’s journey is unpredictable, often altering personal circumstances, financial goals, and business …
Focus on: Banking Legislation in Turkey
The main legislation governing the banking sector is Law No 5411 (the “Banking Law”). Other key legislative and regulatory provisions are: Law No 1211 on the Central Bank of the Turkish Republic; Law No 6362 on Capital Markets; Law No 6102 on the Turkish Commercial Code (TCC); Law No 6098 on the Turkish Code of …