Project Finance 2018
Mrs Stella Strati, Partner-Corporate Finance, and Mr Stylianos Trillides, Senior Associate, contributed the exclusive Cyprus chapter to the 7th edition of the International Comparative Legal Guide to Project Finance 2018.
A call for specifying the “Pre-Marketing” concept within the AIFMD
On the 12th of March 2018, the EU Commission via an explanatory memorandum (“Explanatory Memorandum”), adopted a package of further measures intended to deepen, unify and further integrate the capital markets sector of the 28 EU Member States.
Amendments to Housing (Decontrol) Ordinance (Chapter 158 of the Laws of Malta)
Amendments to Chapter 158 were introduced by Act No. XXVII of 2018. The amendments affect the leases created by virtue of a previous title of emphyteusis or sub-emphyteusis which commenced before the 1st June 1995 through the application of article 5, 12, or 12A of Chapter 158.
Unconventional Trademarks Post-KitKat:
Nestle’s ongoing campaign to secure trademark protection over the shape of their famous four-fingered KitKat bar suffered a major blow last July after their loss at the EU Court of Justice to American confectionary giant Mondelez International in the ultimate clash of the confectionary titans. But does Nestle’s loss really signal the end of the …
The Uniformity of ‘Energy Labels’ under EU Law
The Uniformity of Energy Labels on Electric Products.
Consultation Paper on the Virtual Financial Assets Rules for VFA Service Providers
On Friday 31st August, the MFSA published a consultation document outlining the Virtual Financial Assets (VFA) Rules for VFA Service Providers, (which include VFA [Crypto]Exchanges). The document is the third and final Chapter of the “Virtual Financial Assets Rulebook”. The scope of the Consultation is to obtain industry feedback in relation to Chapter 3 of …
Korean data law amendments pose new constraints for cross-border online services and data flows
Under amendments to IT Networks Act, set to take effect in March 2019, offshore online businesses, meeting thresholds of nexus to Korea, will be required to designate local agent for regulatory oversight purposes. Amended rules will also newly restrict onward transfer (to additional countries) of personal information by offshore parties, and, on a reciprocity basis, …
Swiss Tax Reform Package Approved: Update and Outlook
The Swiss National Council approves the proposed tax reform package! On 12 September 2018 the larger chamber of parliament adopted the proposal of the Economic Affairs and Taxation Committee of the Council of States on the Federal Act on Tax Reform and AHV Financing (formerly Tax Proposal 17), which is largely in line with the …
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Restrictions on Use of Foreign Currencies in Certain Agreements between Turkish Residents
The Presidential Decree dated September 12, 2018, on the Amendment of Decree No. 32 on the Protection of the Value of the Turkish Lira ("New Decree"), introduced significant restrictions on the use of foreign currencies in certain agreements between Turkish residents. Below, we explain the scope of the New Decree and discuss possible issues and …
Amendment of ICSID Rules and Regulations
At the 2016 Annual Meeting of the Administrative Council, the International Centre for Settlement of Investment Disputes ("ICSID") launched an amendment process on its' rules and regulations ("ICSID Rules and Regulations"). This has been the fourth amendment process since 1984, 2003 and 2006. As per Article 6 of the ICSID Convention, the amendments will only …