Initiation of Beneficial Owners (UBOs) Register of Corporate and Other Legal Entities
Corresponding to the official statement issued 19.02.21 with the passage of the “Law on the Prevention and Combating of Money Laundering (Amending) Law of 2021”, the Ministry of Energy, Commerce, and Industry proclaims that the electronic service for the Registration of Beneficial Owners (UBOs) information for corporate and other legal entities will be available 16.03.2021 …
ASCI asks influencers to use #ad, #collab, #promo, #sponsored & #partnership for content
According to digital marketing agency AdLift, India’s influencer market is estimated at $75-150 million a year, as compared to the global market of $1.75 billion.
WHEN IS IT POSSIBLE TO ASK FOR THE REPLACEMENT OF THE DEMOLITION SANCTION WITH A PECUNIARY SANCTION?
COUNCIL OF STATE, SECTION 2, 17 FEBRUARY 2021 NO. 1452 The judgment in question, while stating that the construction of new buildings without a building permit always entails the imposition of a restorative sanction, according to the article 31 of Presidential Decree 380 of 2001, also recalls that the possibility of replacing the demolition sanction …
Abolishment of ‘Employment License’ Requirement for Residents with Long Term Status
In July 2020, the EU Commission (‘Commission’) initiated infringement procedures against Malta in relation to the abolishment of the employment license requirement for residents with long term status as the Commission concluded that such requirement represents an infringement of Article 11(1)(a) of the Long-Term Residence Directive (2003/109/EC) (‘Directive’).
Recent Supreme Court’s judgment in relation to international child abduction: Following the exception
The recent Supreme Court’s case under the title: MINISTER OF JUSTICE AND PUBLIC ORDER (AS A CENTRAL AUTHORITY BASED ON THE LAW (Law 11 (III) / 94) AFTER AUTHORIZATION SAVVA v. GIORKATZI, E12/20/20(The Case) which was issued by the Supreme Court of Cyprusis unprecedented for the Cypriot Courts as the Court, decided although there was an abduction in term of the Convention of 25 October 1980 on …
Approaching UK Whiplash Reforms Could Influence Cyprus
The much-expected UK whiplash reforms introduce a new procedure for claims concerning soft tissue injuries from Road Traffic Accidents (RTAs), ultimately aiming to root out minor, exaggerated and fraudulent claims, and to reduce motor insurance premiums. Successful implementation of the reforms, which are now edging closer, may encourage common law jurisdictions including Cyprus to follow …
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The Change in WhatsApp Privacy Policy and Its Effect on Personal Data Protection Law
On January 4, 2021, the most preferred online messaging application worldwide, WhatsApp, announced that it will change its privacy policy.
Withholding Tax Issue in Digital Advertising Services
For startup companies, adjusting technology to needs, or creating new needs, with the products and services they offer, and gearing up in our country day by day, one of the key elements is undoubtedly digital advertising activities. With the impact of the Covid-19 epidemic, being visible in digital environments has become the golden rule of …
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A New Tax Controversy: Valuable House Tax
In accordance with the Valuable House Tax (“VHT”) that is regulated through Law Numbered 7194 on the Digital Service Tax and the Amendment of Certain Laws and Law Decree Numbered 375 (“Law No. 7194”), and which is quite new and controversial to Turkey, households in Turkey whose tax value is more than TRY 5,000,000 are …
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Energy Performance Contracts as a Project Financing Method
The objectives of the Energy Efficiency Law[1] (“Law”), which was adopted in 2007, are listed as the efficient use of energy, prevention of waste, lowering the burden of energy costs on the economy, and increasing efficiency in order to protect the environment. In this regard, Article 3(1)(k) of the Law, defines energy efficiency as the reduction …
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