How easy is it to charter your yacht?
While the idea of chartering luxury yachts to offset operational expenses is great in theory, leasing a yacht can be trickier than one would think and it is advisable that one is properly educated and seeks guidance, to avoid disappointment and unnecessary costs.
FIAU publishes its AML / CFT Supervisory Plan for 2023 – 2024
The Financial Intelligence Analysis Unit (“FIAU”) has just published its AML/CFT Supervisory Plan for the year 2023/2024 (“Supervisory Plan 2023/2024”).
EU Court’s Landmark Ruling: Restricting Financial Ties to Combat Money Laundering and Terrorism Financing
On March 2, 2023, the European Union’s Court of Justice (CJEU) affirmed the legitimacy of penalties and administrative actions levied by the Financial and Capital Market Commission (FKTK) against PrivatBank to mitigate potential involvement in money laundering and terrorist financing.
EU Commission adopts adequacy decision on EU – US Data Privacy Framework
On the 10th of July 2023, the EU Commission adopted its adequacy decision (the “Decision”) for the EU- US Data Privacy Framework (the “DPF”) through which it concluded that those US companies which subscribe to the DPF and adhere to its provisions will ensure an adequate level of protection,
ESMA issues public statement in relation to sustainability disclosures in prospectuses
On the 11th of July 2023, the European Securities and Markets Authority (ESMA) published a statement[1] underlining its expectations with respect to the nature and extent of sustainability disclosures to be included in both equity and debt prospectuses prepared in accordance with the Prospectus Regulation.[2]
ESMA and EBA issue Inaugural Consultation Packages under MICA
Introduction The Markets in Crypto-assets Regulation (MiCA), the first European framework for cryptoassets, was published in the Official Journal on 9 June 2023 and entered into force on 29 June 2023.
CJEU paves the way for the General Court to re-assess the effect of the acquisition of O2 by Three
In a judgement delivered by the Court of Justice of the European Union (the “CJEU” or the “Court”) on the 13 July 2023, in the case of Commission vs CK Telecoms UK Investments Ltd (“CK Telecoms”),
CJEU clarifies legal consequences of invalid loan agreement due to unfair terms
Summary On 27 April 2023, the Court of Justice of the European Union (“CJEU”), in delivering a ruling in the case of MJ vs. AxFina Hungary Zrt. (Case C-705/21),
Damages: Fishing vessel gutted by fire
The First Hall, Civil Court, presided by Mr Justice Francesco Depasquale, on the 6 June 2023, in the case “Emanuel Sant (Mary Sant succeeded the acts in this case on the death of her husband) vs Andrew Schembri and Christopher Sant personally and in representation of Sea Star Cruises Company Limited” held, among other things,
Primer On The Digital Personal Data Protection Act, 2023
A. INTRODUCTION Given India’s status as a nation with the world’s largest population and a significant online presence, a substantial volume of personal data of its citizens is processed by digital platforms.