The “Khai Fah”– Updates Regarding the Sale with Right of Redemption in Thailand
Thai law provides a means of real security and an alternative to the mortgage, the so-called Sale with Right of Redemption (Thai: “Khai Fah”). It is governed by Sections 491 ff. of the Thai Civil and Commercial Code (“CCC”), and it involves a conditional transfer of ownership that can be redeemed under certain circumstances.
Beneficial Owners Registry: Important updates requiring consideration
Pursuant to the Prevention and Suppression of Money Laundering Activities Law (the “AML Law”), which transposes into national legislation the 4th EU AML Directive ((EU) 2015/849), companies and other legal entities must maintain and register, in a central public register to be created for this purpose, information on their beneficial owners.The AML Law provides that the …
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Say halloumi – the battle of cheeses before the European Court
The long running battle between HALLOUMI and BBQloumi started in 2014, when a Bulgarian dairy company filed an application for the registration of a figurative mark containing the verbal element BBQloumi as a European trademark. This application was opposed by the Foundation for the Protection of the Traditional Cheese of Cyprus named Halloumi (hereafter the …
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“Horizon Europe”: A chance for innovation projects
In the new budget perspective of the European Union for 2021-2027, “Horizon Europe” will be a flagship programme under which funds for development of the innovation economy and research and development (R&D) programmes will be transferred.
Transitional regime applicable to the provision of financial services by United Kingdom based entities
On 23 December 2020, the Portuguese Government enacted Decree-Law no. 106-/2020, approving the transitional regime applicable to the provision of financial services by United Kingdom based entities. The regime enters into force on 1 January 2021 if, on that date, no agreement (or equivalent decision) has been reached between the European Union and the United Kingdom …
Typical security for corporate financing in Poland
When providing financing to corporate clients, banks require that the borrower, and frequently also companies from its group, offer security in case the liabilities are not repaid on time. This article presents instruments under Polish law that are most commonly used by Polish and foreign financing entities to secure their claims against corporate borrowers.
Two-tier System of Cooperation for Effective Enforcement of GDPR
On November 26, 2020, Belgian Data Protection Authority (DPA) and DNS Belgium, the organization managing the “.be” domain, signed a cooperation agreement. This cooperation agreement enhances the Belgian regulatory framework by establishing a two-tier system.
New Legislation on Combatting Sexism, and Sexism Spreading via the Internet
The need to combat sexism and discrimination between genders which constitute de facto violations of human rights and fundamental liberties has led to the voting of the Law on Combatting Sexism and Sexism Spreading via Internet and Relevant Matters 2020 (‘the Law’), published on 28/12/2020.The purpose of the legislator, amongst other, is eradication, to the …
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Court frowns upon bad faith adoption
Court frowns upon bad faith adoption ‘Thirumala’ a sacred town in Chittor district, Andhra Pradesh famous for Lord Venkateswara’s Temple https://en.wikipedia.org/wiki/Venkateswara_Temple,_Tirumala is being subject of trademark tussle between two entities dealing in milk and dairy products. The Plaintiff, Tirumala Milk Products Private Limited (TMPL), registered proprietor of the mark filed the suit at the Madras High Court …
Snapdeal has no criminal liability for the sale of SUHAGRA-100
The ruling of the single judge of Karnataka High Court holding that an e-commerce marketplace being an ‘intermediary’ is not liable for any action or inaction on the part of a vendor/seller has come as a significant relief for e-commerce portals and their directors/officers. The court thus proceeded to quash criminal proceedings against the Directors …
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