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 …
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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 …
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The Right to Request and Review Information of The Members of The Board of Directors and Shareholder
In joint stock companies, the right to request information enables the establishment of a transparent structure. The right to request and review information in joint stock companies is one of the fundamental rights of both shareholders and members of the board of directors, and is among the indispensable and inalienable rights. Each board member has …
Amendment On The Directive Regarding Authorised Institutions For Ships
Provisional Article 3 of The Directive Regarding Authorised Institutions for Ships which was published in Official Gazette with 29952 numbered and January 18th,2017 dated, has been amended through a new amending directive published in Official Gazette with 31078 numbered and March 24th,2020 dated, as follows;
Coronavirus (Covid-19) Precautions and Maritime Industry
The new type of Corona virus, namely the COVID-19, has spread uncontrollably to many countries around the globe since it’s the first appearance in Wuhan, China in December 2019. In the wake of this unusual spread, on 11 March 2020, the World Health Organization (WHO) described the epidemic as a “pandemic” and increased the global …
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PREFERENTIAL TRANSACTIONS AND NATURE OF DEBT UNDER A MORTGAGE SECURING OBLIGATIONS OF A THIRD PARTY
In the case of Anuj Jain Interim Resolution Professional for Jaypee Infratech Limited v. Axis Bank Limited Etc., the Supreme Court had occasion to examine (i) certain provisions relating to preferential, fraudulent and undervalued transactions contained in the Insolvency and Bankruptcy Code, 2016 (‘IBC’) and (ii) the issue pertaining to existence of a financial debt …
CHALLENGES FACED BY A SUCCESSFUL RESOLUTION APPLICANT AFTER APPROVAL OF A RESOLUTION PLAN
Despite the best of intentions towards addressing the preservation of value of businesses, and addressing the ills of financially unviable businesses being allowed to continue over prolonged periods, the Insolvency and Bankruptcy Code, 2016 (IBC) is at times found to fall short in implementation of a resolution plan, both after approval of the resolution plan …