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  • GmbH shareholder’s rights of access and inspection

    GmbH shareholder’s rights of access and inspection

    Published: 04 Jul 2018

    The shareholders of a GmbH, a type of German private limited company, have extensive rights to information that go beyond the general meeting of the shareholders, and they are able to exercise their rights of access and inspection. GmbH shareholders entrust the managing director with the fate of their company. Notwithstanding this, they do, of course, have the right to be informed about what is ...

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  • CRYPTOCURRENCY LICENSE IN ESTONIA OR CRYPTOCURRENCY REGULATION IN EUROPE

    CRYPTOCURRENCY LICENSE IN ESTONIA OR CRYPTOCURRENCY REGULATION IN EUROPE

    Published: 29 Jun 2018

    Legislative definition of the cryptocurrency in Estonia The discussions on the legal nature of the crypto currency do not cease. What is a cryptocurrency - a means of payment or a financial investment tool? The necessity and type of licensing for cryptocurrency activities in Estonia depends on the interpretation of the mechanism for using a cryptocurrency. Despite the fact that bitcoin appear...

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  • No discrimination – Local authority position for equal opportunity officer only open women

    No discrimination – Local authority position for equal opportunity officer only open women

    Published: 27 Jun 2018

    Germany’s General Act on Equal Treatment, aka the allgemeine Gleichbehandlungsgesetz (AGG), is supposed to protect against discrimination, e.g. on the basis of gender. That being said, exceptions can be made, as demonstrated by a ruling of the Landesarbeitsgericht (LAG) Schleswig-Holstein [Regional Labour Court of Schleswig-Holstein]. Discrimination in the workplace is also meant to be prohibite...

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  • BGH: Removal of a shareholder managing director for good cause

    BGH: Removal of a shareholder managing director for good cause

    Published: 25 Jun 2018

    When it comes to the removal of a shareholder managing director of a GmbH, a type of German private limited liability company, for good cause, it is a matter of whether there was in fact good cause at the time the decision was taken. Disputes among the shareholders of a GmbH are not uncommon. If these give rise to a situation whereby the shareholder managing director is set to be removed and his...

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  • Fallout of barring CAs from valuation of unlisted shares

    Fallout of barring CAs from valuation of unlisted shares

    Published: 22 Jun 2018

    In an attempt to enhance transparency in the valuation of the unlisted shares or unlisted companies, the Central Board of Direct Taxes (CBDT) has expressly barred the chartered accountants (CAs) from the valuation process of unlisted shares or unlisted companies for income tax purposes. The reason behind the prohibition of CAs from valuation of unlisted shares and unlisted companies may be the f...

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  • COMPANY FOR CRYPTOCURRENCY EXCHANGE

    COMPANY FOR CRYPTOCURRENCY EXCHANGE

    Published: 22 Jun 2018

    WHY THE CRYPTO EXCHANGE IS NEEDED? A properly registered cryptocurrency exchange allows its users to buy and sell cryptocurrency, exchange the cryptocurrency (one for another, or for money). Crypto exchange allows you to exchange cryptocurrency for state currencies and transfer to bank cards or electronic purses. Operations with cryptocurrency on crypto-exchange are possible both between the us...

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  • Analysis of the IBC Amendment Ordinance, 2018

    Analysis of the IBC Amendment Ordinance, 2018

    Published: 20 Jun 2018

    It has been almost a year and half that the Insolvency & Bankruptcy Code ('Code') aimed at solving and easing out insolvency process was enacted. An unprecedented framework was established with this as the board of directors of the company was dissolved, a moratorium was effected, Committee of Creditors was made in-charge of the day-to-day affairs of the company and a new institution / profess...

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  • Grace Period in Japan extended from 6 months to 1 year

    Grace Period in Japan extended from 6 months to 1 year

    Published: 19 Jun 2018

    Grace Period in J Article 30 of the Japanese Patent Law defines “Exceptions to lack of novelty of invention”. Under the current Japanese patent law, there is a 6 months grace period for an invention that has lost its novelty against the will of the inventor or due to the inventor’s own act. However, the Japanese patent law has been revised, and the new grace period is 1...

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