AVELLUM advises on acquisition of shares in Bank Lviv
AVELLUM acted as the Ukrainian legal counsel to a private equity vehicle managed by responsAbility Investments AG (“responsAbility”) in connection with the acquisition of a shareholding in Bank Lviv. Bank Lviv is the first investment project of responsAbility in Ukraine. Further on, responsAbility intends to increase its stake in the bank to 51%.
Responsibility Of Officials Under The New Law On Llc
Officials of the company according to the new Law on LLC shall bear joint and several and in some cases – subsidiary liability to the company.
Obtaining A Dpa
With the SFO laying down tough conditions to those seeking adeferred prosecution agreement (DPA), Aziz Rahman examines what companies need todo to have a chance of securing one.
Dealing With Agencies That Investigate Business Crime
Aziz Rahman outlines the powers and functions of the Serious Fraud Office, Financial Conduct Authority and National Crime Agency and explains how defence teams should respond to them.
Copyright and Freely Accessible Photos: The Implications for Website Operators & Social Media Users
Copyright and Freely Accessible Photos: The Implications for Website Operators and Social Media Users.
Bär & Karrer Advises Waterland on its Investment in Tineo
Waterland Private Equity invested in Tineo AG after the carve-out from Quickline Holding AG. Tineo is an integrated enterprise solution provider of data centres, glass-fiber connections, high-speed internet and VoIP services with state-of-the-art infrastructure
Non-liability of the Shareholders and Piercing the Corporate Veil
1. Introduction A legal entity is defined as "groups of persons organized as entity on its own and independent property groups constructed for special object" under Article 47 of the Turkish Civil Code No. 4721 ("TCC"). Under Turkish laws, legal entity owns its assets; such assets are dedicated to the purposes of the legal entity …
Continue reading “Non-liability of the Shareholders and Piercing the Corporate Veil”
Non-liability of the Shareholders and Piercing the Corporate Veil
1. Introduction A legal entity is defined as "groups of persons organized as entity on its own and independent property groups constructed for special object" under Article 47 of the Turkish Civil Code No. 4721 ("TCC"). Under Turkish laws, legal entity owns its assets; such assets are dedicated to the purposes of the legal entity …
Continue reading “Non-liability of the Shareholders and Piercing the Corporate Veil”
A 10-Point Guide on Antitrust and Competition Law in the UAE
Until the issue of the Federal Law No. 4 of 2012 on the Regulation of Competition, the United Arab Emirates (UAE) lacked a composite law on competition, with elements of competition law strewn over various legislations. In 2013, the said law came into force, aiming to curb anti-competitive practices and regulate economic concentrations.
UPDATE: FTA Clarifies the VAT Treatment of Compensation Payments
The Federal Tax Authority (FTA) has recently published a clarification on VAT treatment of compensation type payments, such as payments to settle disputes, and other contractually agreed compensation. Where a payment or fee is not a consideration for a supply, there is no VAT due. Often times, there are penalty clauses or liquidated damages clauses …
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