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India: The Ministry of Corporate Affairs Updates

India: The Ministry of Corporate Affairs Updates

Published: 13 Jun 2022

Recently, the Ministry of Corporate Affairs (“MCA”) brought a number of amendments by issuing notifications under the Companies Act, 2013 (“Act”). The amendments are introduced to bring the Act in line with the Foreign Exchange Management (Non-debt Instruments) Rules, 2019. Below are the recent notifications issued by the MCA in this regard: Companies (Share Capital and Debentures) Amendment R...

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Demerger of the Limited Liability Company in Finland

Demerger of the Limited Liability Company in Finland

Published: 13 Jun 2022

In this article demerger refers to the demerger regulated in Chapter 17 of the Limited Liability Companies Act (Companies Act, 624/2006). A demerger is a corporate restructuring in which a business is divided into different components. A demerger allows e.g., a large company, such as a conglomerate, to divide its various business units to create separate legal entities to handle different operatio...

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A Pain in the Neck: The Necessity for Preliminary Screening to Guide Professional Reporting

A Pain in the Neck: The Necessity for Preliminary Screening to Guide Professional Reporting

Published: 13 Jun 2022

At the age of 15, a young man fell off a wall and hurt his neck. He was taken to the Accident and Emergency Department of a major hospital with neck pain, and X-rays were taken of his cervical spine. These were reported by a Radiologist as being inadequate, in that they did not show the very top of the spine (DENS) or the bottom (C7/T1). However, no further action was taken, and the GP was informe...

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Howard Levitt: Return to Office Sets Up Clash with Employees who "Moved Away" During Pandemic

Howard Levitt: Return to Office Sets Up Clash with Employees who "Moved Away" During Pandemic

Published: 10 Jun 2022

Imagine sitting on a sandy beach by the water responding to client emails. Many workers took the opportunity to turn this dream into a reality. Even one of the authors of this column has to confess to the occasional meeting and some transcript readings beachfront at his Atlantic and Pacific homes in Key Biscayne and Nicaragua. Employees have viewed the pandemic as an opportunity for change, be tha...

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Howard Levitt: I'm a Manager Working 80 Hours a Week With No Extra Pay. Do I Have a Claim Against my Employer?

Howard Levitt: I'm a Manager Working 80 Hours a Week With No Extra Pay. Do I Have a Claim Against my Employer?

Published: 10 Jun 2022

Employees and employers alike have many questions about workplace law. Here are some of the most recent questions that have come our way as result of questions sent to this column. Q:Should employers record employee disciplinary and investigation meetings? A:Ideally, they should record both to ensure that they fully and accurately have records as to what occurred in building up any case for futu...

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Golden Visa by Real Estate Investment. Now is the time to buy.

Golden Visa by Real Estate Investment. Now is the time to buy.

Published: 09 Jun 2022

By Lida Maria Gavrilaki https://gavrilaki.gr/golden-visa-lawyer-greece.html Non EU citizens, who purchase Real Estate Property of a value over 250.000EUR, can acquire a Permanent Residence Permit in Greece and gain access to all the Schengen area countries. By making the Real Estate Investment, property owners can legally live in Greece and own their own companies as shareholders. Now is the right...

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ESG Series – Green and Sustainable Finance Grant Scheme of Hong Kong

ESG Series – Green and Sustainable Finance Grant Scheme of Hong Kong

Published: 08 Jun 2022

By Rossana Chu: It has been one year since the launch of the Green and Sustainable Finance Grant Scheme (Scheme) in May 2021[1]. The Hong Kong Monetary Authority (HKMA) announced in its Quarterly Bulletin of March 2022[2] that more than 60 debt instruments had been approved under the Scheme. This article summarizes the core elements of the Scheme and provides tips for applications. Grant and eligi...

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How to Register a Trust in Cambodia? | Dezan Shira & Associates

How to Register a Trust in Cambodia? | Dezan Shira & Associates

Published: 08 Jun 2022

In January 2022, the Non-Banking Financial Services Authority (NBFSA) of Cambodia issued Prakas 003 on the establishment, function, and management of trusts in the country. The Prakas is an implementing regulation to Cambodia’s first-ever Law on Trusts issued in 2019. Prakas 3 sets out the rules, procedures, and conditions for the establishment of trusts, the registration requirements, and the lic...

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