Security Token Offerings (STOs): The Future of Coin Offerings
The term ICO has been at the epicentre of discussions in the FinTech industry, being the main method of fundraising used by startup companies to develop innovative ideas on the Blockchain technology or other applications using Distributed Ledger Technology (“DLT”).
AVELLUM advises Diligent Capital Partners on acquisition of 16% equity stake in Allseeds
AVELLUM advises Diligent Capital Partners on acquisition of 16% equity stake in Allseeds
Launch of the Legislative Framework for Interest-Free Insurance Systems
Within the context of the 10th Development Plan of the Ministry of Development and the 64th Government Program, aiming to develop interest-free finance mechanisms, the Banking Regulation and Supervision Agency is currently working to finalize a draft bill regulating the interest-free financing principles under a single roof. As part of such initiative, the Regulation on …
Continue reading “Launch of the Legislative Framework for Interest-Free Insurance Systems”
Confirmation of the end of the VAT exemption regime for financial IGPs
Following the Luxembourg case C-274/15, the series of cases relating to the scope of the cost-sharing VAT exemption also referred to as “Independent Group of Persons” (“IGP”) continues with the release today of three judgements by the Court of Justice of the EU (“CJUE”): Aviva (C-605/15), DNB Banka (C-326/15) and European Commission v Federal Republic …
Continue reading “Confirmation of the end of the VAT exemption regime for financial IGPs”