Reporting obligations of Electronic Payment Fund Institutions (“IFPEs”) and Crowdfunding Institutions (“IFCs”)
The publication of several authorizations in the Federal Official Gazette in recent months allowing various companies to be organized and operate as Electronic Payment Fund Institutions (“IFPEs”) or as Crowdfunding Institutions (“IFCs”) has accelerated the Fintech environment in Mexico.
Could opening an account on a social network using other people’s names lead to criminal charges?
In the context of technological development and the appearance of various social networks that are expanding and monopolizing our lives, the criminal phenomena has also increased accordingly to the development and improvement of various methods that are materialized in computer crimes in Romania. Pavel, Margarit and Associates Romanian Law Firm recommends addressing to a lawyer …
Primer on Pre-Packaged Insolvency Resolution Process under the Insolvency & Bankruptcy Code, 2016
Introduction The Hon’ble President of India promulgated the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2021 on the 4th of April 2021 (“Ordinance”)[1] to introduce the much-awaited Pre-Packaged Insolvency Resolution Process (“PPIRP”) under the newly inserted Chapter-IIIA of the Insolvency and Bankruptcy Code, 2016 (“IBC”) primarily to allay the concerns of small entrepreneurs whose businesses have …
Data Protection, Privacy, and Cybersecurity: An Update
May 2021 The past few months have seen the data, privacy, and cybersecurity space in India bustling with activity. While a final draft of the much-awaited data protection bill remains to be seen, there have nonetheless been significant developments initiated by various sectoral regulators.
GREEN LIGHT FOR DEVELOPERS OF GREEN POWER GENERATION CAPACITIES
With a view to eliminate barriers to new investments in renewable power generation capacities, the Romanian Energy Regulatory Authority (“ANRE”) has recently amended the Regulation for the connection of the users to the public interest grid (the “Connection Regulation”) for eliminating a highly debated requirement of the grid connection process. The change was made through …
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Cyprus introduces first steps towards Crypto-Asset regulation through AML Law amendments
In Cyprus, the Prevention and Suppression of Money Laundering and Terrorist Financing Law, L188(I)/2007 (the “AML Law”) was amended earlier this year through L13(I)/2021 (the “Amending Law”), in order to harmonise domestic legislation with the provisions of the 4th and 5th AML Directives (Directives (EU) 2015/849 and 2018/843).
Environmental Impact Assessment (EIA) In Turkish Environmental Laws
INTRODUCTION Environmental Impact Assessment (EIA) is a principle developed on the idea that the use of resources spent to clean, repair and re-balance a polluted or destroyed environment after the fact, being less efficient than the use of resources spent for prevention of the negative impacts concerning the investments for development at the beginning.
On the legal and economic risks of Minority Shareholdings in Tobacco Industry
Promoting competition is a key factor for economic growth. It allows the companies to compete and discover better operating procedures to enhance their economic performance. A properly functioning competitive environment attracts private investors from around the world as it is the supreme goal for competition policy to eradicate barriers for entry.
Compulsory Licensing in Egypt
Introduction There has been some recent interest from the GOE in certain aspects of the Compulsory Licensing (CL). They are beginning to explore it inter alia, in the pharmaceutical industry.
How can you avoid registration in the Central Credit Register in order to access new loans?
The procedure for deregistration of data from the central credit register is a novelty from the perspective that it may be forbidden to register in the Central Credit Register or in other negative databases of the debtor. A lawyer specializing in banking, finance and capital markets law is empowered to send a notice to the …