Bell Gully advises software company Gentrack on accelerated entitlement offer
Bell Gully is advising NZX/ASX listed company Gentrack on an accelerated entitlement offer as it seeks to raise approximately NZD$90 million to pay down debt from recent acquisitions. Gentrack provides essential software services to utilities companies and airports.
AVELLUM advises EBRD on senior secured loan to Kyiv Cardboard and Paper Mill
AVELLUM acted as the Ukrainian legal counsel to the European Bank for Reconstruction and Development (“EBRD”) in connection with a senior secured loan of up to EUR10 million (with an option to incease the loan up to EUR25 million) to Private Joint-Stock Company “Kyiv Cardboard and Paper Mill” (“KCPM”).
Bryan Cave Leighton Paisner (Russia) LLP advises Verno and Kazakhstan Infrastructure Fund
Bryan Cave Leighton Paisner (Russia) LLP provides legal support to Verno, an international investment company, managing the PE fund Kazakhstan Infrastructure Fund C.V., in a project to develop and let around 25,000 sq m of warehouse premises as the first phase of a bigger plan to construct up to 100,000 sq m of Class A …
Bell Gully wins Deal Firm of the Year at the 2018 Australasian Law Awards
Bell Gully is delighted to have won the top New Zealand award, Deal Firm of the Year, at the 2018 Australasian Law Awards.
Temporary Work Permits
It has been recently announced that Identity Malta would reduce the application time of a single work permit by weeks, by allowing foreign workers to start working (on a temporary basis) as soon as their application was approved.
Introduction of new MGA Regulatory Framework moves to 1st August 2018
Further to the notification of the draft legal framework regulating gaming in Malta through the Technical Regulation Information System, a Detailed Opinion has been issued by a Member State in relation to the current draft of the Gaming Authorisations Regulations (the “Regulations”) and the European Commission and another Member State have also issued comments in …
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Malta Ahead of the Game: Three cryptocurrency and blockchain Bills passed the second reading stage
During a conference organised by the Malta Institute of Management, Parliamentary Secretary for Financial Services, Digital Economy and Innovation Silvio Schembri, announced that the three crypto-related bills, namely the Malta Digital Innovation Authority Bill, the Innovation Technological Arrangements and Services Bill, and the Virtual Financial Assets Bill will pass through the second reading in Parliament, …
Extension of the Special Designated Areas
By virtue of Legal Notice 181 of 2018, the list of Special Designated Areas has been extended to now include the Southridge Development in Mellieha. In terms of Chapter 246 of the Laws of Malta, the following table would need to be followed for the acquisition of immovable property in Malta:
Deduction for Transportation Cost of Employees Rules
At the end of February, the Deduction for Transportation Cost of Employees Rules were published through LN67 of 2018. These rules shall apply with respect to transportation costs incurred for the transport of employees as from the year of assessment 2018. These rules shall remain in effect up to the year of assessment 2020.
VAT Grouping Regulations
By Virtue of L.N. 162, the newly implemented VAT Grouping regulations shall come into force as of 1st June 2018. VAT Grouping will enable members of a VAT Group to avoid irrecoverable VAT due on charges made between such members. Applicants forming the VAT Group will be required to be bound by financial, economic and …