Thriving in Regulation: The case for DLTs
The unprecedented expansion of the use of DLTs in various industries and disciplines has shed light to the dire need of regulation. Would it though be worth it to sacrifice some degree or even the total idea of true decentralization to achieve this end?
Law of 16 July 2019 implementing the EuVECA and EuSEF regulations and amending the RAIF law
The Law of 16 July 2019 implementing the regulations on EuVECA, EuSEF, ELTIF and MMF (the “Regulations”) and amending the RAIF law entered into force on 22 July 2019 (the “Law of 16 July 2019”). Although these Regulations are directly applicable to the EU member states, they do allow certain provisions to be regulated on …
Right of Set off under the UAE Civil Transaction Law No. 5 of 1985 and the view from the DIFC
In a 2018 judgment the DIFC, discussed and decided upon the concept of set-off under the UAE Civil Transaction Law No. 5 of 1985 (the “Civil Code”).
Do Fidic Rule Apply In Construction Contracts In Uae?
Since a very long time, FIDIC (The International Federation of Consulting Engineers) is commonly used a standard for international construction and engineering contracts and is very frequently used in UAE. It mainly governs the construction works within the country and in GCC.
Beneficial Ownership Concept new interpretation from the Russian federal tax service
The recent interpretative letter issued by the Russian Federal Tax Services (“FTS”) on 08th August 2019, has provided further guidance as to the application of the Beneficial Ownership Concept, further to the letter initially provided on the 12th of April 2018 which adopted a strict approach of the concept.
Cyprus and Netherlands Double Tax Treaty Update
Cyprus has concluded the negotiations for the avoidance of double taxation with the Netherlands. The double tax treaty was agreed at technocratic level in Hague. It is expected to be signed by the end of 2019 or early in 2020.
Cjeu Ruled On The Application Of The Beneficial Ownership Concept
The judgment of the Court of Justice of the European Union (CJEU) on February 26, 2019, in the “Danish Beneficial Ownership Cases”, can be perceived as a landmark on the interpretation of the Beneficial Ownership concept under the Interest and Royalties Directive (IRD) and the Parent-Subsidiary Directive (PSD).
Vacancy – Senior Corporate Lawyer
The Senior Corporate Lawyer, who will be reporting to Partners, will be working with both the firm’s legal team as well as the financial services team. The successful candidate will be requested to show initiative, take on certain responsibilities within the firm, work in a multinational environment and will immediately be given the opportunity to …
Communiqué on Equity Crowdfunding Is Officially Published
By way of background, in January 2019, the Capital Markets Board (“CMB”) had issued an announcement on its website on the Draft Communiqué on Equity Crowdfunding[1]. The CMB has now officially published the Communiqué on Crowdfunding No. III-35/A (“Communiqué”), on October 3, 2019. The Communiqué entered into force as of October 3, 2019.
Italian Rules On Joint Ventures In Public Procurement And Concessions
Italian rules on jointventures concerning public procurement and concession contracts are set out inlight of the European legal framework provided for in Directive 2014/23/EU and 2014/24/EUof the European Parliament and of the Council. The European rules aim to ensurethe best use of public money so that EU citizens benefit from strategicinvestments and services at fair …
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