Tax reform 2020: How to prepare for the change
The majority of the latest tax changes in Ukraine are based on the best tax experience throughout the world, especially on the BEPS Plan which Ukraine undertakes to implement. The Tax reform prescribes novelties to transfer pricing rules; new rules for preventing from double tax treaties abuse; new rules for preventing from avoidance of the …
Continue reading “Tax reform 2020: How to prepare for the change”
Is there still any future for renewable energy in Ukraine?
In the summer of 2020, Ukraine’s renewable energy market underwent another string of changes, this time mainly because of the “green” tariff reduction. After more than six months of negotiations, “green” energy investors and the government managed to reach some consensus on how to protect the market against the default of the State Enterprise Guaranteed …
Continue reading “Is there still any future for renewable energy in Ukraine?”
Turkey’s Board of Advertisement Rendered a Decision in which It Classified Certain Personal Social
In the meeting held in July, the Ministry of Commerce’s Board of Advertisement (the “Board”) evaluated the posts regarding a food supplement that were shared on personal social media accounts of six people, within the scope of surreptitious advertising. The Board ruled the suspension of the advertisements and administrative fine to the advertiser company and …
Turkish Data Protection Board States that the Convention 108 is not sufficient per se for Data Trans
Turkey’s Data Protection Board (“Board”) imposed an administrative fine in the amount of TRY 900,000 on a data controller for transferring personal data abroad without having a valid legal basis. The data controller’s claim that Convention 108 is sufficient per se for data transfer abroad among the parties has been declined by the Turkish Data Protection Board.
Turkish Data Protection Board: A Single Person may be Appointed as the Contact for more than One Dat
Turkish Data Protection Board (“Board”) decided that a single person may be appointed as the contact person for multiple data controllers abroad at the same time. However, a person can be a contact person for only one data controller in Turkey.
A New Era in Courts: e-Hearing
Recently, major amendments were introduced to Turkish legislation within the scope of the Turkish Judicial Reform. In this regard, the Law Amending the Civil Procedure Law and Certain Laws No. 7251 was published in the Turkish Official Gazette on July 28, 2020. Law No. 7251 brought along amendments that concern various laws and matters, including …
Franchise in Vietnam – Procedure and Required Documents
Vietnam market is very potential for franchise activities to international brands. When doing franchise in Vietnam, franchisor and franchisee should know about legal requirements to franchise in Vietnam as follows.
Shareholders precluded from bringing unfair prejudice action once the Court has issued buyout order
On the 13th of July 2020, the Civil Court (Commercial Section) gave what can be deemed to be a landmark decision.
Have Your Say: Public consultation on laws granting more power to EU MS Competition Law Authorities
With the entry into force of Regulation 1/2003 on May 1, 2014, the National Competition Authorities (“NCAs”) of the 27 Member States and the European Commission became the “European Competition Network”. This network aims at ensuring the effective enforcement of EU Competition Law, namely Articles 101 and 102 of the Treaty on the Functioning of the …
The Importance of having an IT Security Policy in place
Organisations need well designed IT security polices to ensure the success of their cyber-security strategies and efforts. The lack of an IT security policy can result from various reasons, but more often than not, include limited resources to assist with developing policies, slow adoption by management, or a lack of awareness of the importance of …
Continue reading “The Importance of having an IT Security Policy in place”