When a Cypriot Company shall be deemed “insolvent”, thus giving jurisdiction to Cypriot Court to
Section 211 (e) of Companies Law CAP. 113 (“CAP. 113”), provides inter alia for the winding up of a Cypriot Company when it is “insolvent”.
Cyprus: Attributing the Knowledge of a Person to that of the Corporation
On the issue of attribution of knowledge of a person to a corporate entity, Cypriot Courts have in inter alia the cases of Police v Vasili Vasileiou Case no. 15408/07, 9/06/2008, The Republic v Rikkou Erotokritou & Others, Case No. 9208/15, 8/2/2017 and Kypros Kyprianou v Police, Criminal Appeal No. 234/2016, 13/02/2018, cited with approval …
Continue reading “Cyprus: Attributing the Knowledge of a Person to that of the Corporation”
Personal liability of the Executives in China in 2020
How to protect your business while avoiding to be personally at risk?
Can you apply Hardship or Force Majeure during the Coronavirus crisis?
With the current 2019 neo-Coronavirus (2019-nCoV) epidemic spreading all over China, companies may want to escape their contractual obligations such as payment obligations or penalty fees. Chinese authorities have decided to take various measures to “city lock-down” and limit further contamination that prevent companies to perform contracts. Many contracts will be affected by factors such …
Continue reading “Can you apply Hardship or Force Majeure during the Coronavirus crisis?”
Implementation of Pre-approval System for Cross-border M&A for Companies with National Core Technology
The Act on Prevention of Divulgence and Protection of Industrial Technology (the “Act”) provides for the protection of national core technologies held by Korean companies, research institutes, professional institutions and universities (each a “Protected Entity”) and prevention of their leakage. The Act was revised as of February 21, 2020 and the revised Act was went …
New Rules for Takeover of Unlisted Companies and consequent Minority Squeezeout
Section 230 of the Companies Act, 2013 (“Companies Act”) sets out the process for a scheme of arrangement between a company and its creditors and shareholders (“Scheme”). Such Schemes have to be approved by the National Company Law Tribunal (“NCLT”).
When do I have to appoint property lawyer in Dubai?
The potential risk involved with giving you approval on legal assessment which gives you as an investor chance to decide to go with this deal or to go to another one.
Learn About The New Insolvency Law of UAE
The Cabinet of UAE has lately sanctioned a federal law to explicitly govern the cases of bankrupt individuals within the country. The law has been issued to safeguard the business interest of UAE residents, enhancing conditions of insolvent individuals and to ensure healthy competition among businesses.
Can I Sue My Employer For Wrongful Termination?
On the off chance that you have recently been terminated from your employment with or without reasons and you might ponder whether your employer was within his rights to terminate you.