A trip to Sochi: keeping the Paralympics free of doping

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Do payment processors wield too much power?

By Simon de Broise  Payment processors, as the name suggests, facilitate payments by credit and debit cards for both online and point of sale transactions. The payment processor acts as an intermediary between the merchant (e.g. a retailer or airline) and the customer’s bank, facilitating the rapid authorisation (or otherwise) of the payment and initiating (and […]

Making alterations to rented business premises in Guernsey

By Piers Dereham I want to carry out fitting-out works to my business premises but my landlords say I will have to remove them when my lease expires. They are also saying that they need to check my plans before they agree to anything. Is this correct? Yes. Most commercial leases contain clauses requiring you to […]

Ignoring Turkish law on data breaches could put you in prison

Data processors resident outside Turkey whose activities affect Turkey may also need to register by 30 September 2019. Even failing to delete expired data can be punished by one to two years’ imprisonment. As a candidate state for EU membership, Turkey aligns much of its legal system with EU law, hence its 2016 Law on the […]

Amendments to the legislation of Kazakhstan on corporate matters

By Bolat Miyatov  On 2 July 2018, the Law of the Republic of Kazakhstan No. 166-VI “On Amendments to Certain Legislative Acts of the Republic of Kazakhstan on Insurance and Insurance Activities, Securities Market” was adopted. Among other things, this legislative act has amended the Law of the Republic of Kazakhstan dated 13 May 2003 No. […]

Six weeks to go until Brexit: What’s going to happen to environmental law?

By Ben Stansfield, Lee P McBride, Andrew Litchfield One of the great beneficiaries of the European Union has been the environment. Since the very beginnings of the EU, Member States have come together and enacted a great variety of environmental laws, leading to cleaner seas, flourishing habitats and healthier citizens. With Brexit only a few weeks away, this […]

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Schoenherr recognised as leading law firm in South East Europe by Chambers

Schoenherr has been named as as the South East Europe Law Firm of the Year 2015 by legal publisher Chambers and Partners. Schoenherr lawyers Monica Cojocaru, Miloš Laković and Marko Prušnik accepted the award on behalf of the firm at the Chambers Europe Awards event held this past Friday evening at Amsterdam’s Hotel Okura. Headline deals and […]

The Investor Money Regulations and the Client Asset Regulations 2015: implications for investment funds and MiFID firms

The investor money regulations (SI No. 105 of 2015) (the IMR) were published on 31 March 2015 following a lengthy consultation period with industry which began in 2013. The IMR apply to fund service providers (FSPs) including administrators, depositaries, UCITS management companies, alternative investment fund managers (AIFMs) and alternative investment fund (AIF) management companies. The […]

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