MiFID II and its Eventual Impacts on Turkey
The financial crisis of 2007–2008, which is considered by many economists to have been the worst since the Great Depression of the 1930s, has exposed weaknesses in the transparency of the financial markets. In order to restore investor confidence, strengthen transparency, and improve the functioning of the internal market for financial instruments, the European Union …
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Canan Doksat has joined Erdem & Erdem as Tax Counsel
We are proud to announce that Canan Doksat joined Erdem & Erdem as Tax Counsel. Canan Doksat graduated from Koç University Faculty of Law in 2010. She continues her LL.M at the dissertation stage in Istanbul Bilgi University. She started her working life in 2010 at EY Turkey and worked as Manager in the department of …
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Bär & Karrer Advises Aduno Group on the Acquisition of Accarda
Aduno Group has increased its participation in Swiss payment solutions specialist Accarda AG from 30% to 100% following an auction process for the acquisition of the 70% stake from Maus Frères SA.
Increase in Tier 1 Investor Visa applications driven by changes to US immigration
London business immigration lawyers have noticed an increase in applications for Tier 1 Investor Visas by ultra-high net worth individuals, fuelled in part by political instability in nations such as Russia and China, and also by changes to US Immigration. British Citizenship lawyers are often approached about this visa route as it is seen as a ‘fast track’ route to settlement …
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The Financial Instrument Test
A. INTRODUCTION By enacting the Virtual Financial Assets Act (VFAA), the Maltese Government has regulated the Blockchain / ICO / DLT industry. The law appoints the Malta Financial Services Authority (MFSA) as the designated authority to oversee this business. Since this industry has elements of the Financial Service Regulations (namely MiFID), it is important to …
Application Tips: How to Avoid a Refused UK Entrepreneur Visa
Under the UK Tier 1 scheme for high value migrants, the Entrepreneur visa was designed to entice foreign entrepreneurial talent and investment to Britain.
Rien ne va plus!
Austrian Real Estate and Construction Law On 30 June 2018 an amendment to the Vienna Building Code entered into force rendering it more difficult to demolish historic buildings in the Austrian capital. Is this the beginning of a new and hostile approach to owners of historic buildings? No! The Austrian Constitutional Court had already …
Court of Appeal Sounds Warning to Kenyan Banks Over Title Deed Forgery Syndicate
The Commercial Bank of Africa Ltd (CBA) has obtained a conservatory order at the Court of Appeal in Nairobi (the Court) restraining the Cooperative Bank of Kenya Ltd (Co-op Bank), Equity Bank Ltd (Equity), the Chief Land Registrar and other named Respondents from disposing or dealing in any way with a property in Riruta (the …
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The Unclaimed Financial Assets Act: Revisited
Prior to the enactment of the Unclaimed Financial Assets Act No.40 of 2011, (“the Act”) unclaimed financial assets were left under the control of the various holders or such entities where such assets were held. With the operation of the Act, all entities are required to report, trace and deposit any unclaimed financial assets with …
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The fifth anti-money laundering and terrorist financing directive (AML 5) – Key aspects and changes
On 19 April 2018, the European Parliament adopted the new directive on the prevention of the use of the financial system for the purposes of money laundering or terrorism financing.