[South Korea] Amendments to Korean telecom license framework taking shape
Legislators have put forward an advanced draft of amendments to the Telecommunications Business Act, Korea’s main telecom statute. The draft amendments, proposed on March 29, 2018, would finalize changes anticipated since August 2017, so as to relax license requirements and foreign ownership restrictions for telecom carriers. Amendments seem likely to pass within 2018, with effect …
Continue reading “[South Korea] Amendments to Korean telecom license framework taking shape”
The Code of bankruptcy procedure in Ukraine: positives and negatives of the new document
The Verkhovna Rada registered a draft law on the Code of Bankruptcy Procedure (No. 8060). Among other things, it is noted that such a document will increase the efficiency of bankruptcy procedures, the level of protection of the rights of creditors, improve the procedures for selling debtor property at the auction, increase the level of …
Malta Opportunity: Blockchain and Cryptocurrencies
Talking of cryptocurrencies as an opportunity for the Maltese banking sector might sound outlandish, in the context of a highly-regulated banking industry in Malta.
Multilaw Real Estate Guide for Foreign Investors
Multilaw has released its new digital Real Estate Guide for Foreign Investors, which was launched at the MIPIM global real estate event in Cannes. SyCipLaw partner Benedicto P. Panigbatan contributed the Philippine chapter.
Philippine Chapter of Getting the Deal Through: Vertical Agreements 2018
Getting the Deal Through has published the twelfth edition of Vertical Agreements, which is available in print, as an e-book, and online. The Philippine chapter was contributed by SyCipLaw partners Arlene M. Maneja and Franco Aristotle G. Larcina.
Working Arrangements for Non-Resident Foreign Companies’ Turkey Operations
Working Arrangements for Non-Resident Foreign Companies' Turkey Operations Conducted through Local Individuals Introduction In our globalized world where trade has no borders, it is a usual practice for companies to conduct operations in different countries, including Turkey. Some foreign companies prefer having an establishment in Turkey, such as a local subsidiary company, while conducting their …
Continue reading “Working Arrangements for Non-Resident Foreign Companies’ Turkey Operations”
Initial Coin Offering (ICO) through Cyprus The Tax & VAT aspect
ICOs have recently exploded and become an increasingly popular method of fundraising for start – ups and other companies with the intention to fund innovative projects based on the Blockchain technology.
Egypt’s New Bankruptcy Law
On 19 February 2018, a new law no. 11/2018 was issued regulating the restructuring, preventive reconciliation and bankruptcy in Egypt (the" Bankruptcy Law"). The law entered into force as of 22 March 2018. The law introduces for the first time an out-of-court restructuring system which helps troubled companies reorganize their business. In the meant time, courts …
The African Continental Free Trade Area: Towards Increasing Intra-African Trade
Introduction According to the Organisation for Economic Co-operation and Development (OECD), a free trade area (FTA) is a grouping of countries within which tariffs and non-tariff trade barriers between the members are generally abolished but with no common trade policy toward non-members. The World Trade Organisation (WTO) describes it as thus: ‘trade within the group …
Continue reading “The African Continental Free Trade Area: Towards Increasing Intra-African Trade”
Land Information Management System (LIMS)
The Ministry of Lands is mandated to administer land through efficient administration, equitable access, secure tenure and sustainable management of land resources.