The importance of the banking sector to the wellbeing of the Cyprus economy is high relative to that of its European neighbours. In 2020 it accounted for 6.6% of national Gross Value Added, a figure which contrasted sharply with the Eurozone average of 2.8%. Cyprus’ Banking sector has been transformed in the years following the …
In 2023, the Romanian legislator initiated a process to update criminal legislation by aligning the provisions of the Criminal Code of Procedure in force and effect as off 2014 with several decisions of the Constitutional Court of Romania (the “Constitutional Court”) that found numerous procedural provisions in breach of the national 2003 Constitution and, by …
Continue reading "Romanian Legal Reform Malfunction: Use of Secret Evidence in Criminal Trials"
Since gaining independence from the UK in 1960 Cyprus has transformed itself into a successful, modern international business centre. A Member State of the European Union (‘EU’) since 2004, it provides a gateway for investment into and from Europe and, due to its geographic location, it enjoys strong commercial ties with Eastern Europe, the Middle …
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Mexico has pushed towards an effective national legal system for the protection of intangible rights and, through the years, has adapted its legislation to the international treaties that govern intellectual property worldwide and regionally. The proximity and close trade relationship with the United States and other commercial partners, has caused the Mexican government to reformulate …
The fact that parties participating in commercial transactions offset amounts payable between them constitutes a common practice today. In Mexico, this practice has been carried out in respect of the amount of commercial transactions, as well as VAT related thereto. This situation by no means implied the non-payment of the referred tax but the offsetting …
The laws that affect the protection of personal data in Poland are not limited only to the GDPR but also include other acts i.a.: 1. Protection of Personal Data Act of 10 May 2018, which specifies in particular: the procedure for notifying the appointment of a Data Protection Officer (“DPO”); monitoring compliance with the personal …
Over the last couple of years, digital assets presence has grown exponentially – mainly due to their rise during the COVID-19 pandemic – and regular investors and common individuals consider that this new type of assets are no longer a far-fetched idea and must be taken into consideration as important assets in which investors can …