Search results for

Elias Neocleous On August 8 the Cyprus Government published a roadmap for the lifting of restrictions that were imposed on banking operations in March 2013, and which apply to funds in the domestic banking system at the time of the bail-in. Funds remitted to Cyprus from abroad after March 27 2013 are exempt from the restrictions. The government is committed to restoring the free movement of capital as soon as conditions allow, and indeed a number of relaxations of the controls have already taken place. The roadmap reflects the strategy agreed between the Ministry of Finance, the Central Bank of Cyprus and the troika of international lenders, namely that controls should remain in place only for as long as is strictly necessary, and should be gradually removed through prudent incremental steps, so as to safeguard financial stability.

The People's Republic of China (China) and the Macau Special Administrative Region of the PRC (Macau) signed, on October 17 2003, the Mainland and Macau Closer Economic Partnership Arrangement (CEPA). The purpose of this agreement, which is an FTA-like arrangement concluded between two separate customs territories of a single sovereign state, is to promote the joint economic prosperity and development of China and Macau, as well as to enhance the level of economic and trade cooperation between them. Moreover, CEPA is an open agreement, that is, its contents can be continuously deepened, enriched or amended, according to the economic needs of the two parties. In this regard, over the past decade, 10 supplements to CEPA have been signed, the last of which – Supplement X to CEPA – was signed on August 30 2013, and will come into effect on January 1 2014.

The massive digitalisation of society has given rise to the need to amend legislation to accommodate the requirements of the new digital era. After years of relatively outdated copyright legislation in the Slovak Republic, an amendment to the Copyright Act was adopted and will come into force on November 1 2013. The amendment simplifies the entire process of obtaining licences to use works. The main difference to the original legislation is that a licence agreement can be concluded by setting out only a minimum of particulars, which are:

James Stacey and Angela Taylor of Slaughter and May advise caution when dealing with unilateral jurisdiction clauses

Verizon Communications' $49 billion bond issuance was the largest corporate bond sale in history. Here's how it could influence future corporate bond offerings from other well-established companies

Wesfarmers and Bunnings’ innovative sale-and-leaseback transaction was the first of its kind in Australia

The nominations for the Euromoney Legal Media Group Asia Women in Business Law Awards 2013 have been announced

With registration deadline for platforms meeting the SEF definition is now just a matter of weeks away. This article updates an earlier article on cross-border swaps regulation for would-be SEF registrants

While Japan’s Basel III capital adequacy framework is largely compliant with global guidelines, its government could remain dedicated to providing support to troubled and systemically important domestic banks

Basel III has been delayed in Korea, giving banks more time to prepare. But fears are growing that the rules will rein in growth