Legal Briefing | Finance, Legal Technology |

Overview of the current legal market in France and recent developments French authorities and regulators have exhibited constant interest for FinTechs, which are driving technological innovation and providing additional financing sources . François Villeroy de Galhau, Governor of the French central bank and Chairman of the French banking regulator, said in 2017 that “the digital … Continue reading “Fintech – Trends and Developments in France”

Legal Briefing | Public Sector |

The legislation regulating public procurement procedures in the EU is the Directive 2014/24/EU, which repealed Directive 2004/18/EC. In Cyprus the Directive has been transposed into national law under the Law no. 73(I)/2016 (hereinafter “the Law”). Under Article 57 the Law refers to public procurement procedures which entail, inter alia, the grounds for exclusion of economic … Continue reading “Grave professional misconduct; a remaining ambiguity in EU public procurement”

Legal Briefing | Disruptive tech, Finance, Legal Technology |

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Malta’s proactive approach towards asserting itself as a leader in the regulation of virtual financial assets Anyone taking even the slightest interest in FinTech over the past few years would be very much aware of the increased adoption of cryptocurrencies, ICOs and utility tokens as alternative methods of raising finance or creating a challenge to … Continue reading “A Blockchain Reaction”

Legal Briefing | Brexit |

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Losing the ‘one-stop-shop’: the real cost of a dual UK/EU merger process post-Brexit With only a matter of months left before the UK officially leaves the EU, the Government is no clearer as to what a deal (if indeed there is one) will look like.  Meanwhile businesses across the country remain largely in the dark … Continue reading “Brexit and mergers”

Legal Briefing | Insurance |

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The European Union’s new data protection regime – the General Data Protection Regulation (EU) 2016/679 (“GDPR”), which replaced its 20-year-old predecessor – attracted international attention even beyond the EU’s borders in recent months. In fact, few other instruments of secondary European Union law have been more widely received and discussed than the GDPR. The reasons … Continue reading “Insurability of GDPR Fines in Austria – Yet another “Moral Hazard” Debate?”

Legal Briefing | Latin America |

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1. INTRODUCTION: As in most Latin American countries, individuals who enter into contracts with the State of Ecuador are subject to administrative law, a division of public law influenced by Europe’s mainland. This legal system requires strict submission to the law for any action carried out by public officers; this is known as the principle … Continue reading “Types of contracts with the state of Ecuador”

Legal Briefing | Retail |

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Providing a seamless customer experience: the key to success for retailers? As Mothercare and House of Fraser announce store closures and Debenhams issues another profits warning, it seems that more and more predominantly bricks and mortar high street stalwarts are struggling to profit in this challenging sector.

Legal Briefing | Insurance |

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On March 15, 2018, the U.S. Court of Appeals for the Fifth Circuit (“Fifth Circuit”) in a 2-1 decision vacated the Obama-era U.S. Department of Labor’s (“DOL”) Fiduciary Rule (“Fiduciary Rule”), which responded to a historical shift from traditional pension plans to individually managed accounts, such as individual retirement accounts (“IRAs”) and 401(k)s. The Fiduciary … Continue reading “Regulators Struggle to Raise the Standard of Care for Financial Advice”

Legal Briefing | International Comparative Guides |

INTRODUCTION The success of a business resides in its employees. Even the biggest corporate structures depend on its employees to conduct its business. That is why, during the course of employment employer’s valuable information that is integral to its activities such as its business models, client profiles and marketing strategies are exposed to the use … Continue reading “Restrictive Covenants under Turkish Law”