Whether through synergies, strategic partnerships or the opening of new subsidiaries, ICTLC – ICT Legal Consulting (ICTLC) continues to consolidate its role as a strategic partner for its clients, going beyond the role of legal advisor. Last year, we continued to grow significantly, consolidating our global synergies, opening new offices in Nairobi (Kenya) and Riyadh …
Doing Business In: Cyprus
Nestled in the eastern Mediterranean, Cyprus has long been a sought-after destination for investors seeking a strategic business foothold in Europe and beyond. With its rich history, favorable business infrastructure, strong economy, and appealing opportunities, Cyprus remains an attractive jurisdiction for both domestic and foreign entrepreneurs, organizations, and corporations. Over the past year, Cyprus …
Doing Business In: Cyprus’ contemporary corporate and commercial landscape
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 …
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Doing Business In: Dispute Resolution
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 …
The Turkish Commercial Code (“TCC”) No. 6102 and the Capital Markets Law (“CML”) No. 6362 regulate the right of a dominant shareholder to remove minority shareholders from a company. In foreign legal systems, this process is often referred to as a “squeeze-out” or “freeze-out.” The TCC addresses this under Article 208 as the “right to …
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Turkey’s dynamic regulatory framework, anchored by the Electricity Market Law and its accompanying regulations such as Storage Regulation, License Regulation, and YEKDEM Regulation, unveils a compelling landscape for investors seeking to seize opportunities in the burgeoning electricity storage sector. By embracing a progressive approach, Turkey has established an advantageous environment for the establishment and operation …
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In line with global and European security trends, Romania has implemented through Government Emergency Ordinance 46/2022 (“GEO 46/2022”) stricter FDI screening regulations than the ones existent before. In a nutshell, any European (including Romanian) or foreign investment of any nature, intended to establish or maintain lasting, direct relationships between the investor and the Romanian business …
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Private credit (loans made by non-bank lenders which may include private equity firms and alternative asset managers to corporates) has gained increased traction in recent years in the Asia-Pacific region, with market participants forecasting that the demand for, and supply of, private credit is here to stay. Whilst there is no single factor that has …
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Doing Business In: Romania
Romania continues to be one of the most attractive destinations for doing business in Central and Eastern Europe (CEE). There are strong arguments supporting this claim, including: its Strategic Location & EU Market Access – positioned at the crossroads of Europe, Asia, and the Middle East: Member of the EU, NATO; Gateway to a 450+ …
Doing Business In: THE BUSINESS ENVIRONMENT
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 …