General Communiqué No. 518 On Tax Procedure Law
General Communiqué No. 518 on the Tax Procedure Law (Law No. 213) (“Communiqué”) was published in the Official Gazette on March 24, 2020 with number 31078 (Reiterated). In the Communiqué, a statement was made regarding the taxpayers who were directly affected by the CoronaVirus outbreak (COVID-19). The Communiqué presents a number of new measures taken …
Continue reading “General Communiqué No. 518 On Tax Procedure Law”
Regulatory Update Alert AIFs and UCITS: New Depositary Safekeeping Rules
The Alternative Investment Fund Managers Directive (“AIFMD”) has been widely regarded by European regulators and industry players alike, as a very powerful and proficient tool, responsible for the establishment of a coherent and integrated legislative framework amongst Member States in the European Union.
Quarantine as a force majeure in Ukraine: what does this mean for business?
On March 17, 2020 a law (bill No. 3219) came into force that included quarantine established by the Cabinet of Ministers of Ukraine in the list of force majeure events. Will this be a tool that allows Ukrainian businesses to drop their obligations without any consequences? In most cases – no, because force majeure is …
Continue reading “Quarantine as a force majeure in Ukraine: what does this mean for business?”
IMPLICATIONS OF COVID-19 ON LISTED COMPANIES IN INDIA
On March 11, 2020, the World Health Organization characterized COVID-19 as a pandemic with an observation that governments, industries and individuals should continue to implement comprehensive strategies and measures to prevent infections, save lives and minimize impact. The crippling effects of COVID-19 are causing massive business interruptions across the globe/industries.
The EU’s Market Access Database – Providing tangible assistance to SMEs
As Europe confronts the Covid-19 pandemic and economic upheaval looms large, business continuity plans are essential like never before. So is making the best out of a slow-down by assessing a given modus operandi not only in the light of what needs to be adapted and adopted, but also to improve structures and performance once …
Continue reading “The EU’s Market Access Database – Providing tangible assistance to SMEs”
The EU’s Economic Response to COVID-19
As the looming economic crash induced by the COVID-19 becomes all the more imminent, the European Commission is stepping up its economic and fiscal measures to assist the EU Member States in combatting and mitigating the current economic shocks to the Internal Market.
European Commission introduces ‘green lanes’ to facilitate freight transport
The outbreak of the Covid-19 pandemic has compelled the European Union (EU) Member States to introduce border restrictions, amongst them curbs on or measures which heavily impede the cross-border circulation of goods. Consequent traffic jams at intra-EU borders have led to drivers of freight transport (transport workers) facing waiting times of up to 24 hours …
Continue reading “European Commission introduces ‘green lanes’ to facilitate freight transport”