Regulatory Approaches to Crowdfunding in European Union
Introduction Crowdfunding has finally entered into Turkish legislation through Omnibus Law no. 7061 dated 5 December 2017, by way of amending certain provisions of Capital Market Law numbered 6362. Although the amendments cover the mainframe of crowdfunding in a very basic form, detailed secondary legislations and policies are needed to implement crowdfunding as a successful …
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Challenging Arbitrators and LCIA Challenge Decisions
Introduction It is essential that all arbitrators are and remain, independent and impartial throughout the arbitration. Almost all institutional rules contain a provision requiring arbitrators to be impartial and independent. Examples include Article 14 of the ICC Rules where “lack of impartiality or independence” is a ground for challenging the arbitrators and Article 10 of …
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Management of Information Systems
Introduction As stated under Article 128 of Capital Markets Law No. 6362[i] (“Capital Markets Law”), one of the duties of the Capital Markets Board (“CMB”), among others, is to determine the procedures and principles for the supervision and operation of the management of the information systems of capital markets institutions, publicly held companies, stock exchanges …
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 …