Obligation To Employ Or Contract A Lawyer On Continuous Basis For Joint Stock Companies In Turkey
Joint-stock companies with a registered capital equal to 5 (five) times or more of the minimum amount stipulated in Article 272 of the Turkish Commercial Code and building cooperatives with a membership number of 100 (one-hundred) or more are obliged to have/employ a contracted lawyer. Legal entities failing to comply with the provisions of this …
The coming into force of the legislative package on the second stage of “Capital amnisty”
On 19th February 2018, a legislative package on the extension of the tax capital amnesty and the tax-free liquidation of foreign companies came into force.
Luxembourg introduces draft legislation to create beneficial ownership registers
Luxembourg’s government has published draft legislation to incorporate into national law the requirements under articles 30 and 31 of the European Union’s Directive 2015/849 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing, better known as the 4th Anti-Money Laundering Directive. Placed before the Chamber …
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Government puts cartel criminalisation back on the table
The Minister of Commerce and Consumer Affairs, Kris Faafoi, has today tabled the Commerce (Criminalisation of Cartels) Amendment Bill (the Bill) in the House.
The new EU regulation on general data protection 2016/679 (“GDPR”)
A. INTRODUCTION Globalization has rapidly and radically increased the ease in which data may be collected, stored and transmitted. The current Directive (95/46/EC) is out dated and does not correspond to today’s needs. Various reasons has led to the increased need for a united legal framework in relation to the protection of personal data, including …
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Spouses and tax demands
6 Mar 2018 at 04:00 / NEWSPAPER SECTION: Spouses and tax demands Last year we were treated to some tortuous legal arguments about whether the Revenue Department could try to collect tax from former prime minister Thaksin Shinawatra on a share sale, even if it was made through the stock market, based on a summons …
The Public Administration Electronic Market: the future of public procurement
The Public Administration Electronic Market is a digital marketplace, created in 2002 and managed by Consip S.p.A., the Italian central purchasing body, on behalf of the Ministry of the Economy and Finance. Through the Ministry, registered authorities can purchase goods and services offered by suppliers that have been vetted and authorised to post their catalogues …
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What Can You Legally “Watch Free Online” and When?
Putlocker. BitTorrent. PirateBay. Napster. Mediafire. Ring any bells? We'll bet they do.
New Zealand favours English approach to penalties
A recent High Court decision marks an important step in the development of the approach to the “Penalty Doctrine” in New Zealand – that is, the principle that contractual provisions which allow parties to punish one another disproportionately are unenforceable. Justice Whata’s judgment in Honey Bees v 127 Hobson Street1 carefully traverses the recent evolution …
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How open is New Zealand to Open Banking
This week New Zealand hosts the Digital Nations 2030 to discuss what is required to become a truly digital nation by 2030. Open Banking is a critical first step, but where is it on the Government’s agenda?