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Content Types: ArticleRegions & Countries: ItalyServices: LegalEmployment & Immigration
By means of law decree no. 2 of December 14th, the validity of residence permits has been extended to April 30th 2021. The decree also extend the validity of “nulla Osta” (entry clearances for family reasons, work permits) for the same period and the terms for conversion of study permits into work permits.
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Content Types: ArticleRegions & Countries: United Arab EmiratesUnited KingdomServices: Legal
On 15 January 2021 the UK Supreme Court handed down its decision on the test case brought by the UK’s Financial Services Authority (FCA) on behalf of UK policyholders. The Supreme Court largely found in favour of the issues on which the FCA chose to appeal. As a result, the 21 sample business interruption wordings considered by the Supreme Court will provide cover to policyholders for a meaningful portion of their COVID-19 business interruption...
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Content Types: ArticleRegions & Countries: ColombiaMexico...Industries: Medical & HealthInformation TechnologyServices: Legal
Panama, December 23, 2020. Morgan & Morgan advised Farmalisto, a health technology platform with presence in Mexico, Colombia, and Peru, with respect to the equity investment made by HBM Healthcare Investments (Cayman) Ltd., Inter-American Investment Corporation, Morgan Rio Capital Management, and other minority investors for the amount of up to US$18,000,000.00 in Farmalisto.
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Content Types: ArticleRegions & Countries: United Arab EmiratesServices: Legal
This year has been challenging in many ways. It has also been one of the busiest years in recent times for changes in the legal and regulatory regime.
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Content Types: ArticleRegions & Countries: PanamaIndustries: Banking & FinanceServices: Legal
Panama, November 30, 2019. Morgan & Morgan acted as Panamanian Counsel to Itaú Corpbanca and the other lenders, in connection with two credit agreements granted by certain lenders and Itaú Corpbanca, as administrative agent, for amongst other, the refinancing of certain existing debt of Decameron group.
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Content Types: ArticleRegions & Countries: PanamaIndustries: Banking & FinanceServices: Legal
Panama, November 16, 2020. Morgan & Morgan acted as counsel to Banistmo, S.A., in connection with the issuance and placement of senior secured notes due 2048 with an interest rate of 4%, for an amount up to US$400,000,000.00, issued through the ENA Master Trust, a special trust vehicle created by Empresa Nacional de Autopistas, S.A. (ENA) to raise the funds to refinance certain obligations amongst others of ENA Sur, S.A. and ENA Este, S.A.,...
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Content Types: ArticleRegions & Countries: CambodiaServices: Legal
On 27 June 2020, Cambodia implemented two new laws, as follows: (i) the Law on Anti-Money Laundering and Combating the Financing of Terrorism and (ii) the Law on Combating the Financing of Weapons of Mass Destruction Proliferation.
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Content Types: ArticleRegions & Countries: United Arab EmiratesIndustries: Real Estate & ConstructionServices: Legal
Law No. 19 of 2020 amends Article 11 of Law No. 13 of 2008 concerning Interim Registration in Dubai. The amendment deals mainly with the circumstances in which a challenge to a previous decision by Dubai Land Department, cancelling a sale and purchase agreement registered on the interim register, can be brought (noting that such a challenge is not permitted where such decisions were undertaken in compliance with relevant laws).
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Content Types: ArticleRegions & Countries: IndonesiaServices: LegalEmployment & Immigration
Following the passing of the bill by the House of Representatives on 5 October 2020, Law No. 11 of 2020 on the Job Creation Law (the “Job Creation Law”) was finally enacted on 2 November 2020. It involves and effects (to widely varying degrees) over 78 existing laws ranging from land licensing, investment, manpower, government administration and spatial planning to ease the conducting of business and commercial activities.
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Content Types: ArticleRegions & Countries: IraqServices: Legal
Instructions No. 1 of 2020 (the "Instructions") facilitating the implementation of the provision of Article 23 of the Regulation of Commercial Agencies No. 79 of 2017 (the "Commercial Agency Law") was recently issued on 8 November 2020. The Instructions provide much needed clarification on Iraq’s Commercial Agency Law. The clarification sets out the requirements for a valid commercial agency agreement in Iraq.