AVELLUM advises EBRD on first financing of Academic Institution in Ukraine
AVELLUM acted as the Ukrainian legal counsel to the European Bank for Reconstruction and Development (“EBRD”) in connection with a senior secured loan of up to EUR1.3 million to Private Higher Educational Establishment "Kyiv Medical University" (“KMU”).
What should a business do right now to prepare for Brexit and ensure their commercial process is wat
The following article discusses session two in the IR Global Virtual Series on 'The Business of Brexit: Implications for the commercial contract process'
AVELLUM successfully represented Swiss Company in GAFTA arbitration
AVELLUM represented a Swiss Company (“Claimant”) in GAFTA arbitration dispute under CIF sale contract with an Egyptian company (“Respondent”) regarding compensation of damages in the form of demurrage and interest for the late payment for the goods.
Have Changes to The Spouse/Civil Partnership Minimum Income Threshold Made A Difference?
The plight of those denied a UK Spouse/CivilPartnership Visa or a Spouse/Civil Partnership Visa extension continues to feature in the headlines. In August 2018, the Guardian reported on one young woman, driven to attempt suicide after her fiancé, an Albanian national, was not permitted to enter the country. The Home Office ruled Paige Smith, a British …
How will Brexit affect the legal framework governing commercial contracts between UK and European pa
The following article discusses session one of the IR Global Virtual Series on 'The Business of Brexit: Implications for the commercial contract process'.
What is the latest in privacy law reform?
The Overseas Investment Amendment Bill (the Bill) was passed yesterday after its third and final reading. It is likely to receive Royal assent this month. Once that occurs, the provisions of the Bill that limit the ability of overseas persons to purchase residential property in New Zealand and the changes in the regime governing overseas …
Continue reading “What is the latest in privacy law reform?”
New Proposed Tax Law Amendments Provide Clarification on the Taxation of Foreign Funds
On July 30, 2018, the Korean Ministry of Economy and Finance (“MOEF”) announced the proposed tax law changes/amendments for 2019 and beyond (“Proposals”). The Proposals are expected to be reviewed and finalized by the Korean National Assembly in December 2018. Some key Proposals that should be of great interest to private equity funds and other …
Amendments To Turkish Fx Rules Re. Contracts Denominated In Foreign Currency
2018 has been a turbulent year in the Turkish economy and by extension significant changes has taken place in the Turkish foreign exchange rules which was mainly triggered by the recent overshooting in the foreign exchange rates against Turkish lira.
Residential land amendments mark new era in New Zealand’s overseas investment regime
The Overseas Investment Amendment Bill (the Bill) was passed yesterday after its third and final reading. It is likely to receive Royal assent this month. Once that occurs, the provisions of the Bill that limit the ability of overseas persons to purchase residential property in New Zealand and the changes in the regime governing overseas …
Serbia Enacts a New Data Protection Law
In light of the new EU data protection scheme, shaped by the GDPR, Serbia has enacted a new Data Protection Law on 9 November 2018, with its' applicability postponed for 21 August 2019. The new law was long-awaited: it has been 10 years since the existing law was passed, which was even at that moment …