The Defence of Illegality – “Ex turpi causa non oritur actio” – The Cyprus Approach
HISTORICAL BACKGROUND There is a long-standing common law principle, that the courts will not assist a party whose case is based upon an immoral or illegal act.
Is the Net Energy Metering 3.0 Program Sufficient?
By Rosey Lim Chu Ai
Breaking the Deadlock: Court’s Power to Alter a Company’s Constitution under Section 37
INTRODUCTION Section 37 of the Malaysia Companies Act 2016 (‘s.37 CA 2016’) is a new inclusion to the Companies Act 2016 (‘CA 2016’). It conferred the Court a discretion to alter or amend the constitution of a company upon an application by a director or a shareholder where it is not practicable to do so …
Major Legal Developments in 2021 that Employers Need to Know
There were several significant changes to the law in Malaysia in 2021. Some of these changes were brought about by the pandemic while others have been a long time coming. These changes as well as proposed changes are set out in brief below.
Regulating Malaysia’s FinTech and What to Expect in 2022
By Tiu Gi Gyn
A GUIDE TO THE DATA PROTECTION BILL, 2021
India’s proposed data protection law has been a long time in the making. In 2018, a committee of experts constituted by the Indian government issued a first draft of a proposed law on data protection. In late 2019, a revised version of the draft, titled the Personal Data Protection Bill, 2019 (the “PDPB”), was introduced …
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How to resolve a Dispute with a Bank in UAE?
Banking and financial disputes can easily become a painful hurdle for many, especially as they can cause wider disruptions to both your business and personal life. There are a variety of disputes that can fall within the scope of a banking dispute, and these include, amongst others, financial frauds, disputed money transfers, card loss, unauthorized …
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How is international arbitration implemented in the UAE during the new normal?
The number of arbitration cases being registered in the United Arab Emirates has been steadily increasing in recent years. This is especially so for Dubai in terms of commercial litigation, with arbitration being included as a standard clause for dispute resolution, whether relating to real estate matters, construction or commercial contracts. The year 2021 has …
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New updates on cybercrime law in the UAE – taking photos without consent
A recent reminder was issued by the UAE Federal Public Prosecution reminding citizens, residents and visitors in the United Arab Emirates on the country’s strict privacy laws. The United Arab Emirates has a very proactive and comprehensive cybersecurity strategy and has developed a strong cybersecurity infrastructure. Cybercrimes in UAE are regulated under Federal degree law …
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FSC Draws a Blueprint on the Future of Banking Business
On October 28, 2021, Mr. Seung-Beom Koh, Chairman of the Financial Services Commission (the “FSC”) held a meeting with the banking industry, including the heads of commercial banks and representatives from industry associations, other regulatory bodies and research institutions.