Garden Leave under Turkish Labor Law
1. Introduction The concept of garden leave is not a familiar concept to Turkish labor law as the legislation does not regulate this concept explicitly. The employers however in practice might have the need to make use of this concept for various reasons. Below we first introduce the concept of garden leave in general and …
Cross-border insolvency: making a case of harmonised insolvency laws across the EU
Cross-border insolvency law has been gaining importance in the EU’s legal system over the past few decades. Harmonising insolvency laws is a difficult process as the legal framework interacts with a myriad of domestic laws.
Gearing up for a technological revolution
Bitcoin has raised the question of whether computer code, rather than a central bank, should control the money supply. But is it desirable for society to allow a digital money system which enables its users to operate outside the remit of the law, unlike physical cash which is more regulated.
Guidelines in Relation to Distributed Ledger Technology (DLT)
Guidelines concerning the taxation of DLT Assets under the Income Tax Act, the VAT Act and the Duty and Documents and Transfers Act were published by the Commissioner for Revenue.
The Contemporary Company Secretary
Although constantly evolving, in more recent years, the role of the Company Secretary has undergone a significant shift both in the way it is perceived externally and also in its actual fulfilment within an organisation. Whereas historically defined rather restrictively as mainly administrative in nature, the Company Secretary is now expected to fulfil a much …
The Key Employee Initiative Launched – A Fast Tracked Single Permit Scheme
Identity Malta Agency launched the Key Employee Initiative (KEI) providing a fast-tracked service to highly-specialized Third-Country Nationals who are employed in Malta. The scheme will facilitate the issuing of work/residence permits to prospective key employees within five working days from the date of submission of the applications.
MFSA publishes FAQ document about The Virtual Financial Assets Framework
The Malta Financial Services Authority has published a document outlining frequently asked questions in relation to the Virtual Financial Assets Framework. It provides key information on the framework itself, classification of DLT assets, VFA agents, Initial Virtual Financial Asset Offerings, VFA service providers, AML/CFT requirements and transitory provisions.
New Individual Investor Programme Agency set up in Malta
Legal Notice 384 of 2018, Individual Investor Programme of the Republic of Malta (Amendment) Regulations, 2018, and Legal Notice 385 of 2018, Malta Individual Investor Programme Agency (Establishment) (Amendment) Order, 2018 were published on the 16th November 2018 in the Government Gazette, with the aim of setting up a new and separate agency which will be responsible for the Malta …
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Blockchain: The Potential to change the entire economic world
The shipping industry has been given a fresh opportunity to strengthen the security of their data that could spell the end of paper documentation. Blockchain technology promises to revolutionize container logistics by connecting the supply chain in a way the industry has never seen before. Should the technology enter operation it could also bring annual …
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Foyen assists Salem Municipality in a sale generating a profit of SEK 38 million
Foyen Advokatfirma, together with PwC, hasassisted Salem Municipality in a purchase and sale of a property over thecourse of a single day, generating a profit of SEK 38 million.