Recent News Found 123 Matches

The Companies and Allied Matters Act, 2019 (“the new CAMA”) recently signed into law by the President of the Federal Republic of Nigeria is a welcome development to Nigerian businesses. It has addressed the bottlenecks in formation of business entities and improved Nigerian corporate governance. It has also given leverage to small companies to thrive and incorporated technological innovations to t...

There is a desire for the process of issuing patents within the EU to be made more efficient. The idea of establishing a Unified Patent Court is seen as a positive step in this direction. The Bundesministerium der Justiz und für Verbraucherschutz (BMJV) – Germany´s Federal Ministry of Justice and Consumer Protection – has submitted a new bill as part of a second attempt to do so. The pla...

New trends in finance, from open banking to the rise of fintech startups, are shaking the industry and putting customers at the heart of the future of banking. What is digital banking? Digital banking is the digitalization of banking services in order to reduce risk,improve efficiency, and better serve customers. It allows customers to withdraw money, apply for loans, make payments online or on th...

An annual report ranked the Federation ofSt Kitts and Nevisas offering the best citizenship timeline under itsCitizenship by Investment (CBI) Programme. The newCBI Index, published earlier this week by the Financial Times' Professional Wealth Management magazine, is the most reliable tool for comparingall of theworld'sactive CBI programmes. The dual-island nation retained its high ranking ...

Earlier this summer, on 3 July 2020, the Cypriot Parliament passed the Mini Alternative Investment Fund Managers Law (L. 81(I)/2020), or the Mini-AIFM Law. The new legislation sets up a regulatory and licensing regime for Cyprus-based sub-threshold alternative investment fund managers (also known as sub-threshold AIFMs or mini-AIFMs). Prior to the Mini-AIFM Law, there used to be no independent lic...

Back in 2019, Cyprus partially adopted the Anti-Tax Avoidance Directive (EU 2016/1164) or ATAD I. On 3 July 2020, the Official Gazette published the law implementing the remaining ATAD I provisions on exit taxation, as well as those of the Hybrid Mismatches Directive (EU 2017/952) or ATAD II. With that, Cypriot national law is now fully in line with the EU anti-tax avoidance regulatory framework. ...

GEFEG-NEKAR is a German company that manufactures electric engines (the “German Company”). “Maytronics” is an Israeli company that manufactures swimming pool cleaning robots. On December 21, 2005, the parties entered into a framework agreement for Maytronics to purchase engines from the German Company. Maytronics stopped buying engines from the German Company in 2008. Hence, the German Company lod...

In rulings from July 23, 2020, the Bundesgerichtshof (BGH) – Germany´s Federal Supreme Court – confirmed that three-dimensional forms, including the shape or packaging of goods, are capable of benefiting from trademark protection (Az.: I ZB 42/19 and I ZB 43/19). They can often be found close to each other on the supermarket shelves. One has a square design, the other has a rectangular shape....