Capital Markets Board Issues an Official Announcement on Initial Coin Offerings and Crowdfunding
The Capital Markets Board ("CMB") issued an announcement on September 27, 2018, on its website and addressed the much-disputed status of digital tokens and Initial Coin Offerings ("ICO"). In this announcement, the Capital Markets Board stated that it does not regulate or supervise ICOs, and also noted that it does not regulate or supervise most …
The challenges of inheriting shares in a limited liability company in Bulgaria
75 % of the small to mid-size companies in Bulgaria are owned by families and their development has a significant role in defining the economy of the country. In the EU, family owned businesses represent more than 60% of all registered companies and ensure over 40% of the overall employment.
Of Annual Leave, Payslips, Transfers of Business and Temporary Agency Workers
Four employment-related Legal Notices came into force on the 10th of August 2018.
Analysing the major amendments to be brought about by The Fifth Anti-Money Laundering Directive
Analysing the major amendments to be brought about by The Fifth Anti-Money Laundering Directive
Romanian joint stock companies: board decisions on share capital increase can be challenged
Pursuant to a decision of the Romanian Constitutional Court published on August 1, 2018, board decisions regarding share capital increases can now be subject to an action for annulment.
Recent Measures to Support Financial Stability in Turkey
The Banking Regulation and Supervision Authority (the “BRSA”) and the Central Bank of the Republic of Turkey (the “Central Bank”) introduced certain legislative changes, to support financial stability and sustain the effective functioning of markets, following the plunge in the value of Turkish Lira.>
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.