Intellectual property

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Related briefings

Interpretive circular: VAT and holding companies

The Cyprus Tax Department issued on 9 January 2018 an Interpretative Circular (EE222–Holding Companies), clarifying the treatment of input VAT for holding companies based on existing ECJ case law. The Circular distinguishes between cases whereby there is simple purchasing and holding of shares in companies and where there is management or administration of companies in […]

Amendments to convention on training, certification and watchkeeping for seafarers

These amendments relate to the mandatory minimum requirements for the training and qualification of masters, officers, ratings and other personnel on passenger ships as well as mandatory minimum requirements for the training and qualification of masters and deck officers on ships operating in polar waters. These amendments can be found in the annex of Resolution…

Cyprus-Saudi Arabia treaty for the avoidance of double taxation

The Republic of Cyprus has recently concluded a double tax treaty with Kingdom of Saudi Arabia… …The new treaty is based on the Organisation for Economic Co-operation and Development (OECD) Model Tax Convention framework, with some modifications and will contribute to the expansion of Cyprus’ trade and economic relations between the two countries…

Cyprus shipping – calculation of shares, 2018

As per Circular No. 27/2017, issued by the Department of Merchant Shipping, for the purpose of assessment of the Community-flagged Share of each company or group of companies under the Tonnage Tax system, the Director of the Department of Merchant Shipping (DMS) shall carry out an assessment upon the expiry of the third year (on […]

Latest Briefings

Longer term tenancies? Potential implications for lenders

Walker Morris’ Housing and Banking Litigation experts Karl Anders, Justin Coley and Sandip Singh explain the UK government’s consultation on introducing longer-term tenancies in the private rented sector, with a particular focus on potential impacts for lenders…

Assessing creditworthiness in consumer credit: FCA publishes final rules and guidance

The results of a large-scale survey by the Financial Conduct Authority (FCA) in 2017 indicated, among other things, that: 75% of UK adults had one or more consumer credit products or loans in the previous 12 months; 4.1 million people were “in difficulty” because they had already failed to pay domestic bills or meet credit […]

Open Banking, fintech and the Brexit hokey cokey

By Miles Trower London is, arguably, the most important global hub for financial services. As a result, the consequences of the Brexit vote, the ensuing uncertainty and the eventual transitional and regulatory framework applying to UK financial services and how it will continue to access overseas markets has been subject to huge speculation. Much of […]

FCA consultation on a Global Financial Innovation Network

By Russell Kelsall On 7 August 2018, the Financial Conduct Authority (FCA) published a consultation on the creation of a Global Financial Innovation consultation. With innovation in the global financial services market rapidly increasing, it is important for firms to consider the options for building, implementing and sharing experiences of digital solutions.

Austria: The DPA’s strict view on retention periods

At the end of July, the Austrian Data Protection Authority (‘DPA’) published its first decision on retention periods applying the General Data Protection Regulation (‘GDPR’; DSB-D216.471/0001-DSB/2018). The decision is final. The DPA had to decide for which period a provider of telecommunications services (hereinafter: the ‘controller’) may (respectively must) retain so-called master data, required for […]

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TLT hits £62.5m with 8 per cent revenue boost in 2014/15 financials

Bristol-headquartered TLT’s turnover increased by 8 per cent from £57.9m to £62.5m in 2014/15, allowing the firm to break through the £60m revenue barrier for the first time. The firm said headcount had increased from 669 to 928 between May 2012 and April 2015, a 39 per cent increase. TLT’s lateral hires during the last […]

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Freshfields continues US focus with Simpson Thacher litigation hire

Freshfields Bruckhaus Deringer has hired Simpson Thacher & Bartlett disputes partner Linda Martin in New York as it continues to build up its US capabilities. Martin will join Freshfields’ civil litigation practice on 8 September after nearly 20 years at Simpson Thacher. The hire follows a raft of star US lawyers joining the magic circle […]

EY joins the ASEAN race with Singapore offering

Accountancy giants are joining law firms in jostling for position in the fast rising ASEAN market. EY is among the front-runners to build up a regional hub in Singapore. Two of EY’s partners in Singapore have established a law firm named DA Partners, which has been granted for a foreign law practice (FLP) by Singapore’s […]

UAE bank established in Serbia with advice from Karanović & Nikolić

As Serbia continues to see investment  from the UAE the establishment of a bank from the region seems like an obvious move. The Royal Group from Abu Dhabi was awarded a license from the National Bank of Serbia for the establishment of Mira Bank in February. The advising Karanović & Nikolić team was led by Dejan Nikolićand Darko Jovanović and the new bank will provide […]

Mishcon de Reya’s Kevin Gold: “We like suing banks”

Mishcon managing partner Kevin Gold has vetoed the firm joining any further bank panels in a bid to ensure growth of its banking litigation practice. “We act for four or five banks who we can’t sue, but we won’t act for any others and we won’t take a mandate from any of those where it […]

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