Financial Services Authority (OJK) Regulates Digital Banks
On 30 July 2021, the Financial Services Authority (“OJK”) has issued OJK Regulation No. 12/POJK.03/2021 on Commercial Banks (“POJK 12/2021”). POJK 12/2021 was issued to anticipate, amongst other things, a business development and banking trend including the development and innovation of information technology. One of the interesting topics of POJK 12/2021 is the introduction of …
Continue reading “Financial Services Authority (OJK) Regulates Digital Banks”
The Turkish Competition Board Emphasizes the High Standards Applied in the Assessments Regarding the Allegations Concerning Discrimination and Refusal to Supply in the Pharmaceuticals Sector
Authors: Gönenç Gürkaynak Esq., Kağan Uçar, Hakan Demirkan and Leman Hilal Öztürk, ELIG Gürkaynak Attorneys-at-Law
Insight from the recent CFA decision in Commissioner of Inland Revenue v Poon Cho Ming, John – Whether benefits received on termination of employment are taxable or not
Employee termination is not uncommon during economic downturn or group restructuring. The termination payments or the compensation packages, especially for top executives or senior employees, often consist of many components such as salaries, gratuities, discretionary bonuses, golden handshakes, settlement sum for the employment dispute. Given the diversified nature of the compensation components, it might not …
SUMMARY OF REGULATIONS ON INDEPENDENT DIRECTORS AND NON-EXECUTIVE DIRECTORS
* Note: For the purposes of this guide, “Directors” means the members of the Board of Directors (also known as the Board of Management) of a Joint Stock Company established under Vietnamese law
SUMMARY OF REQUIREMENTS FOR THE PAYMENT PROCESS OF M&A TRANSACTIONS IN VIETNAM
SUMMARY OF REQUIREMENTS FOR THE PAYMENT PROCESS OF M&A TRANSACTIONS IN VIETNAM
The Notice Period Under UAE Federal Decree by Law No. (33) of 2021 Regulating Labour Relations.
Background The UAE’s labor laws and regulations have undergone immense changes in the past few years that cater to the ever-growing market demands and its accompanying legal framework. Federal Decree by Law. (33) of 2021 (“2021 law”) which repeals Federal Law No. 8/1980 Concerning the Regulation of Labor Relations has introduced significant changes entering into …
The Metaverse: The Rise Of The Digital Universe
The metaverse has been on the minds of several practitioners, advisers, corporate strategists and central bankers. But, the Generation Z participants – or zoomers as they are affectionately known as – are not thinking it – they are well into being it, living it and expanding the ever evolving Metaverse. So, if you have not …
Continue reading “The Metaverse: The Rise Of The Digital Universe”
Intellectual Property Protection
What does IP mean? Intellectual property (IP) refers to creations of the mind, such as inventions; literary and artistic works; designs; and symbols, names and images used in commerce. IP represents property rights and is protected in law by, for example, patents, copyright, industrial design and trademarks, which enable people to earn recognition or financial benefit from what …
Changes in the 4th Amendment to China Patent Law and comparison with the US in design patent
i. Patent protection term and partial design After the 4th amendment of China Patent Law, China has extend the design patent protection term from 10 years to 15 years, from the date of filling. In the US, the term is also 15 years, from the date of grant. Before the amendment, China only allow to …
Significance of Trademark Application in Taiwan
In the past, most brands with no plan to enter the Taiwan market tend not to apply for trademark applications in Taiwan. However, with the massive trademark squatting disputes arising cross-strait in the past couple of years, now Chang Tsi & Partners recommends brand owners who would like to develop business in the Greater China …
Continue reading “Significance of Trademark Application in Taiwan”