Sectoral Threshold Exception Explained: Concentrations In Certain Sectors Are Now Expected To Be Way More Frequently Notifiable In Turkey
Authors: Gönenç Gürkaynak, Esq., Öznur İnanılır, Berfu Akgün and Fırat Eğrilmez, ELIG Gürkaynak Attorneys-at-Law
The future of digital asset taxes in Thailand
Digital assets have become rapidly popular among Thai investors in the past few years as their value tends to rise dramatically higher than other traditional assets, yet with higher risks. According to the Emergency Decree on Digital Asset Businesses, 2018, digital assets consist of cryptocurrencies and digital tokens. Digital assets, especially cryptocurrencies, can yield incredible …
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Principles of Anti-Money Laundering and Combatting the Financing of Terrorism
Introduction and Applicability of the Regulations Money laundry is a process by which the source of illegal funds is disguised to allow its unsuspicious expenditure by mitigating the risks associated with jeopardizing the source of such illicit funds. Often, terrorist and illegal organizations utilize laundered money to fund themselves and their operations. Hence, both activities …
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A badly managed redundancy process can seriously impact on the business, as P & O Ferries has discovered
The situation involving P & O Ferries’ highly irregular dismissal of approximately 800 employees with immediate effect by video link without prior notice or consultation, has further evolved with the CEO, Peter Hebblethwaite, admitting that P & O deliberately avoided consulting with the appropriate unions, thereby contravening employment law, as it was recognised that no …
How can a request for opening the insolvency proceeding in Romania be rejected when it is made by the creditor to force the debtor to pay the debt?
The procedure for opening the insolvency proceedings against a debtor is regulated by the provisions of the Romanian Insolvency Law no. 85/2014. There are many situations when a creditor has made such a request in bad faith only to force his debtor to pay him a debt that is not recognized. However, it should be …
Limitation of action
In the midst of COVID-19, where everything seems to be delayed and rescheduled, one may be under the illusion that pursuing a legal action to recover damages could wait. However, it should be borne in mind that Hong Kong has limitation period on bringing civil actions. If these are not adhered to, one may potentially …
M&A TRENDS IN 2021 AND THE OUTLOOK FOR 2022
By: Akil Hirani, Head of the Transactions Practice & Managing Partner, and Rukshad Davar, Head of the M&A Practice, Majmudar & Partners, India
Chambers Global Guide to Corporate Tax – Cyprus 2022
The Corporate Tax 2022 guide covers 46 jurisdictions. The guide provides the latest legal information on types of business entities, special incentives, consolidated tax grouping, individual and corporate tax rates, withholding taxes, tax treaties, transfer pricing, and more.
Cutting corners with contracts may be a disastrous false economy
A commercial dispute, when it arises, is not welcomed by either party. Regardless of the reason for the dispute when it becomes apparent that the two parties involved are in dispute, they both face a time-consuming and often costly ordeal that distracts from their usual businesses.
UAE’s New Federal Law on Countering Rumors and Cybercrimes– Key Amendments
The UAE Federal Law by Decree No. 34 of 2021 (the “New Law”) on Countering Rumors and Cybercrimes was introduced in the UAE amongst the new legislative introductions in light of UAE’s 50th anniversary which has now come into force on January 2nd, 2022. The New Law is a reform of the repealed Federal Law …
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