FIRST-FIRE INSURANCE
I. INTRODUCTION More than 80% of global trade is carried out by sea transport with the advantages provided in terms of the amount and variety of products that can be transported, transport cost, transport network and less environmental impact.
The Bahamas´ New Business Licence Act, 2023
New Legislation Business Licence Act, 2023 (the “New Act”) which repeals and replaces the Business Licence Act, 2010 (the “Repealed Act”) is now in force along with the ancillary Business Licence Regulations, 2023 (the “New Regs”).
Remote work after Covid: Panama’s experience
The Covid-19 pandemic changed our lives in many ways and has had a long-term impact on various different aspects, including how people organise their work and where the work is performed.
BVI Financial Annual Return
The Legislation The amendments to the British Virgin Islands (“BVI”) Business Companies Act (the “BC Act”) and BVI Business Companies Regulations (the “Regulations”) were published by the BVI government and entered into force on 1 January 2023.
Law 401 establishes an annual franchise tax rate savings opportunity for Corporations and Private Interest Foundations.
The National Assembly of Deputies of the Republic of Panama issued Law No. 401 of October 5th,
Disputes regarding the individual employment agreement in Romania
The individual employment agreement in Romania is the legal basis between the employee and the employer, which establishes what rights and obligations the contracting parties have.
Relevant aspects regarding consumer protection law in Romania
The Consumer Protection Law No. 21/1992 in Romania aims to balance the relationships between traders and consumers, ensuring consumer rights in Romania through deviations from common contract and civil liability law and promoting informed contractual consent,
Guidelines on Foreign Exchange Business of Foreign Financial Institutions
On October 18, 2023, the Guidelines on Foreign Exchange Business of Foreign Financial Institutions (the Guidelines) were established and implemented to open the domestic foreign exchange market to the outside world. We will touch on the background behind the establishment of the Guidelines and main contents thereof below.
Termination and rescission of the agreement. Terminating the contract in a civil litigation in Romania
According to the Romanian civil code, terminating the contract in Romania can happen in various ways, the main reason being, in general, non-compliance with contractual obligations.
Proposed Amendment to the “Act on Prevention of Divulgence and Protection of Industrial Technology”
On June 28, 2023, the Ministry of Trade, Industry and Energy (the “MOTIE”) pre-announced proposed amendments to the Act on Prevention of Divulgence and Protection of Industrial Technology (the “Industrial Technology Protection Act” or “ITA”) which would broaden the scope of the application of the ITA and reinforce the regulatory framework (MOTIE Public Notice No. …