Recent Amendments to Environmental Impact Assessment Regulation
On 26 May 2017, the Environmental Impact Assessment Regulation has been amended to shorten the time frames for environmental impact assessment (“EIA”) process and to extend the scope of EIA requirement for solar and wind power projects.
Establishment of the Natural Gas Spot Market in Turkey
In line with the government’s objectives to make Turkey a regional hub for natural gas trading, a natural gas spot market has been established by the Natural Gas Organized Wholesale Market Regulation published in the Official Gazette on 31 March 2017.
Croatia: Lex Agrokor – Government Intervention at the Eleventh Hour
Lex Agrokor – behind the scenes The hottest topic in Croatia right now is the Agrokor situation and the newly enacted Act on Compulsory Administration Procedure in Companies of Systemic Importance for the Republic of Croatia (Zakon o postupku izvanredne uprave u trgovačkim društvima od sistemskog značaja za Republiku Hrvatsku; the "Act"). The Act was …
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Remedy Against Trademark Infringement
Mr. Nurzhan Stamkulov, Ms. Dina Bektemirova Kazakhstan legal framework provides a legal protection for owners of intellectual property. This article focuses on trademark infringement and legal actions available to protect brands.
Special Audit in Joint Stock Companies
I. Introduction In joint stock companies, there are three types of audit mechanism, namely (i) statutory audit, (ii) optional audit and (iii) special audit. In accordance with the Turkish Commercial Code No. 6102 ("TCC"), all joint stock companies are subject to statutory audit. Said article stipulates that statutory audit is conducted pursuant to article 398 …
Austria: Draft Data Protection Amendment Act 2018 in Appraisal
National Room for Manoeuvre Despite the GDPR About a year before the General Data Protection Regulation (GDPR) comes into full effect, the Austrian legislator officially started a six-week consultation process for the national Data Protection Amendment Act 2018 (Datenschutz-Anpassungsgesetz 2018). The GDPR will harmonise the EU's data protection laws, but numerous so-called "opening clauses" allow …
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ECB Publishes Practical Fit and Proper Assessments Guide for Board Members of Credit Institutions
On 15 May 2017, the European Central Bank ("ECB") published a guide on fit and proper assessments (the "Fit and Proper Guide"), which reflects the result of a public consolidation launched by the ECB on 16 November 2016.
First Draft for the New Austrian Data Protection Act Published
The long-awaited first draft for the new Austrian Data Protection Act, implementing and supplementing the EU General Data Protection Regulation, was finally published on 12 May 2017.
New Tax Legislation to comply with Fatca
16 May 2017 at 04:00 / NEWSPAPER SECTION: BUSINESS New Tax Legislation to comply with Fatca On March 4 last year, Thailand and the United States entered into an agreement to improve international tax compliance and to implement the Foreign Account Tax Compliance Act (Fatca), which Washington introduced in 2010 in an attempt to discourage …
What The Criminal Finances Bill Means For Asset Seizure And Forfeiture
Syedur Rahman and Nicola Sharp examine the changes likely when the Criminal Finances Bill becomes law.