UCITS investment limits to be applied to umbrella funds on look-through basis
The European Securities and Markets Authority has updated its Q&A documents on details of the UCITS rules in November of this year with two additional queries regarding the interpretation of investment limits when a UCITS invests in an umbrella fund.
13 November 2016: Intershop acquires World Trade Center Lausanne
Intershop has acquired the World Trade Center Lausanne as per 1 December 2016 for a purchase price of CHF 105.5 million. The acquisition represents one of the largest real estate M&A transactions in Switzerland during 2016.
The Tax Cost Base Rules for Share Trades
13 Dec 2016 at 04:00 / NEWSPAPER SECTION: BUSINESS The Tax Cost Base Rules for Share Trades Trading shares is a common activity today because various authorities — including the Revenue Department, the Stock Exchange of Thailand and the Securities and Exchange Commission — have established clear guidelines for almost every aspect of the process. This …
Regulation on Processing and Protecting the Privacy of Personal Health Data
The Regulation on Processing and Protecting the Privacy of Personal Health Data ("Health Data Regulation") has recently been published on the Official Gazette, on October 20, 2016 and came into force on the same date. This regulation is not only applicable to the health institutions and the data subjects whose personal data is processed, but …
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Remote Work: Issues And Particulars Of Legal Regulation In Kazakhstan And Abroad
Yekaterina Khamidullina, Associate, AEQUITAS Law Firm The era of globalization and information systems development brings about new non-standard forms of employment designed to meet the modern society needs. One of such new and flexible forms of employment is "remote work" that has already been legislatively secured in most countries of the world.
Cyprus: Arbitration – Anti-suit Injunction Issued By Arbitrators
The European Court of Justice (‘ECJ’) in the Gazprom Case (2015) held that anti-suit injunctions issued by arbitral tribunals in relation to the pursuit of Court proceedings within the EU, are not incompatible with the Brussels Regulation. The ECJ held that the BrusselsRegulation does not prevent a Court in an EU Member State from recognizing …
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Cyprus: Worldwide freezing orders
In the English case of Derby& Co v Weldon (No3 and 4) (1990) Ch 65, the Court of Appeal held unequivocally that a court can order a defendant’s assets to be frozen even if they are situated outside of the jurisdiction. However what is vital to be established in such circumstances is:
Duty To Disclose At Ex Parte Hearings Extends Also To Relevant Law And Applicable Legal Principles
In a recent decision of the Cypriot Court of Appeal in COMMERZBANK –V- ADEONA, it has been inter alia held that the duty of an applicant to disclose at an ex parte hearing of an application, extends to the relevant law and applicable legal principles to the case.
The Duty Of Disclosure At An Ex Parte Hearing Extends Also To Without Prejudice Correspondence
In a recent decision of the Cypriot Court of Appeal in COMMERZBANK –V- ADEONA, it has been inter alia held that the duty of disclosure of an applicant to an ex parte application, extends also to the without prejudice correspondence of the relevant parties.