FIU-IND INITIATES ACTION AGAINST OFFSHORE CRYPTO EXCHANGES, RECOMMENDS URL BLOCKING
Introduction: The Financial Intelligence Unit (FIU) of India, operating under the Ministry of Finance, has initiated significant regulatory actions by issuing show-cause notices to nine offshore cryptocurrency platforms, invoking the provisions of the Prevention of Money Laundering Act (PMLA)[1].
BENEFITS OF INVESTING IN GIFT CITY, INDIA
Introduction Gujarat International Finance Tec-City (“GIFT City”) located at Gandhinagar, Gujarat is India’s first International Financial Service Centre (“IFSC”) and the first operational smart city designed with an unequivocal focus to be a game-changer for India’s financial services market aims at becoming a global financial hub at par with international financial zones.
Compulsorily Convertible Debentures: Whether ‘Debt’ or ‘Equity’?
INTRODUCTION Compulsorily convertible debentures (“CCDs”), as the type suggests, are debentures that are compulsorily convertible into equity shares.
The standard of proof required in ‘Unfair Prejudice’ actions
On 18 March 2021, in the case of ‘Naico Limited v Rosa Limited et.’, the Civil Court (Commercial Section), presided over by Judge Joseph Zammit McKeon, delved into the standard of proof required for ‘unfair prejudice remedy’ actions under Article 402 of the Companies Act (Chapter 386 of the Laws of Malta) (“the Act”) to …
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Empowering Sustainable Energy: The role of energy communities in the European Union
Energy communities in the European Union (EU) are a concept designed to promote decentralized, community-based energy production and consumption.
: Geo-blocking activation keys for Steam platform diminishes the EU Digital Single Market
On 27 September 2023, the General Court of the European Union affirmed the European Commission’s finding that the geo-blocking keys used on the Steam platforms breached Article 101 of the Treaty of Functioning of the European Union (“TFEU”).
The war on Asymmetric Jurisdiction Clauses
Asymmetric jurisdiction clauses – or so-called ‘lop-sided’ jurisdiction clauses – have become market practice in many industries. Most loan facilities give lenders the power to sue not only in the court specified, but also any other competent court of its choosing, while the borrowers are limited to only one.
Succession planning, ESG and appointment of independent directors in family run businesses
Malta’s business landscape is currently undergoing a significant transformation concerning issues of succession planning, ESG challenges and the involvement of independent directors in family-run enterprises.
Pedelecs do not qualify as ‘vehicles’ – the ECJ clarifies
On 12 October 2023, the European Court of Justice (the “ECJ”) responded to a request for preliminary ruling from the Belgian Court of Cassation (the “Referring Court”).
The FIAU issues a Consultation Document on the Implementing Procedures – Part II for Collective Investment Schemes and Related Service Providers
The FIAU has today published a Consultation Document on the Implementing Procedures – Part II for Collective Investment Schemes (‘CISs’) and other related service providers (“Service Providers”).