Virtual Assets or Cryptocurrency Under UAE Law
Introduction: Digital currency, or cryptocurrency, is an alternative payment method developed with encryption methods. Encryption technology enables cryptocurrencies to act as both a currency and a virtual accounting system. The use and popular acceptance of cryptocurrencies like bitcoin and ethereum have grown in the last few years throughout the world economy, and the UAE has …
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Learn more about privacy violations and secret disclosure under the UAE
Introduction: In today’s world, violations of individual privacy and secret disclosure are a serious problem. It may be eavesdropping, interception, recording, and the spreading of personal information without the consent of the other party. In the UAE, crime related to individual privacy is regulated by the UAE cybercrime law as well as the UAE penal …
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Electronic Tools for Public-Private Relations in the Republic of Armenia
Electronic Tools for Public-Private Relations in Armenia The transformative impact of digital technologies on governance and public administration has fundamentally redefined the relationship between state institutions and private entities in the Republic of Armenia. This digital revolution represents a paradigm shift from traditional bureaucratic processes toward efficient, transparent, and accessible electronic governance systems that serve …
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PURCHASE OF COMMERCIAL LAND IN LATVIA
Can you imagine the situation where a carefully selected and purchased plot of land ends up causing more losses than expected gains? This article provides a practical overview of what to look out for so as to avoid ending up in such unfortunate situations.
CARTEL DAMAGES CLAIMS: JURISDICTION AND FORUM SHOPPING CLARITY
Introduction Companies are occasionally left scratching their heads as to the far-reaching possibilities associated with a claimant’s ability to forum shop for damages claims in certain jurisdictions, as a result of an infringement carried out by a group company in which they had no knowledge or did not participate in.
THE RISK OF AN UNDEFINED SALARY FOR A BOARD MEMBER IN LATVIA
Under the respective provision of the Commercial Law (Article 221) in Latvia, it is stated and confirmed by the Senate (see case No. C33594518, SKC-71/2022) that a board member has the right to remuneration corresponding to their duties and the financial condition of the company.
WHAT ARE “OPTIONS” AND THE POSSIBLE TYPES OF OPTION CONTRACTS?
In the business world, as well as in everyday life, there are options and opportunities. If in life options and choices are dependent on various coincidences and they coincide with human actions, then in the business world options to choose can also be strengthened contractually by closing options contracts.
PRIVATE DAMAGES CLAIMS AS A RESULT OF CARTELIZED PROCUREMENT IN LATVIA
Is it simply enough for the claimant to rely on the decision of the Competition Council? The construction cartel saga has thoroughly disturbed the calm waters of private damages claims in Latvia, in which the EU Damages Directive has so far been relatively unused in practice. However, since public purchasers have been receiving letters from …
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AMENDMENTS CONCERNING THE REGULATION OF A COLLATERAL AGENT UNDER LATVIAN LAW
Those arranging bond issuances in Latvia often have practical questions about the regulation of a collateral agent’s functions. Until 12 July 2024, this was a very complex question with several possible answers.
THE RISK OF AN UNDEFINED SALARY FOR A BOARD MEMBER IN LATVIA
Under the respective provision of the Commercial Law (Article 221) in Latvia, it is stated and confirmed by the Senate (see case No. C33594518, SKC-71/2022) that a board member has the right to remuneration corresponding to their duties and the financial condition of the company.