Promissory note / Cheque / Bill of exchange – financial instruments in Romania
Business relationships between professionals in Romania can bring a number of advantages, but often also various inconveniences. The latter are often caused by non-compliance with pecuniary obligations, which is why the parties involved may end up being enforced. In order to be enforced in Romania, it is necessary to go through some steps to obtain …
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Constructions disputes in Romania. Liability of the Constructor
The liability of the constructor in Romania for the executed construction works is regulated by the provisions of the art. 1879 – 1890, Romanian Civil Code. The executed works are subject to terms regarding their operating performance in the sense that the works must fully comply with the requirements and quality indices provided in the …
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2022 Proposed Korean Tax Law Amendments – International Taxation
The Ministry of Economy and Finance (MOEF) released “2022 proposed tax law amendments” (the Proposed Amendments) on July 21, 2022 which would generally be effective from 2023.
Korea Implements New Act on Special Measures for Strengthening and Protecting Competitiveness of National High-Tech Strategic Industries
Korea’s Act on Special Measures for Strengthening and Protecting Competitiveness of National High-Tech Strategic Industries (the Special Act) has been implemented with its accompanying Enforcement Decrees and Enforcement Rules. The Special Act aims to: (1) maintain national and economic security; (2) protect and foster strategic technologies; and (3) enhance the competitiveness of Korea’s high-tech industry.
Explained: Is it legal to claim unclaimed account funds from international banks?
In the United Arab Emirates, there are rules which regulate the handling of dormant accounts and unclaimed balances. These regulations are called the Central Bank Circular No. 1 of 2020 (Bank Regulations), issued by the Central Bank of the UAE. The Bank Regulations have been issued in accordance with the Federal Decree Law No. 14 …
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What you need to know about smuggling of products in the UAE?
In common language, smuggling is understood as the illegal import or export of products into or out of a country. In the UAE, the law governing smuggling is the Federal Decree No. 15 of 2022 On the Ratification of the Common Customs Law of the Cooperation Council for the Arab States of the Gulf and …
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LEARN MORE: PROCEDURES IN FILING A CASE FOR MONEY LAUNDERING IN THE UAE COURTS
Money laundering and related illegal activities are considered a threat not only to the economic stability of a nation, but also have the potential to weaken financial institutions and lead to an increase in crime and corruption, amongst others.
Law on Family Matters for Expatriates living in the UAE: Part V
In this final Part V of the series on family law matters for expats in the UAE, we continue to understand the key changes brought by the new law in the Emirates of Abu Dhabi, which has significant implications on non-Muslim locals and expats in Abu Dhabi.
What are the Punishments for Beggars and Unlicensed Charities in the UAE?
The United Arab Emirates has strict laws against begging and fundraising through unlicensed charities, which have been introduced and amended to preserve the image of the UAE, fight begging and organized begging, prevent funds from risks of being exploited in financing terrorism, and protect the interest of the donors of funds.
The Elephant in the Room: India’s Place in the International Investment Regime
A recent Delhi High Court judgement, issued on August 29, 2022 (the “August verdict”),[1] set aside an arbitral award rendered in 2015 by the International Chamber of Commerce (“ICC”)[2] in respect of the protracted Antrix-Devas dispute. While the August verdict is being hailed as a significant win for the Indian government, it also presents an …
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