In a recent announcement by the Department of the Registrar of Companies and Official Receiver, the effective date for the commencement of data collection regarding the details of entities beneficial owners has now moved to 22 February 2021.
Legal entities are granted a six-month period to register to a specially created platform and submit information concerning the physical person who is the beneficial owner of the respective legal entity. The developed platform represents an intermediate solution and access to it will be possible only by the competent authorities at present, subject to a prior request made to the Registrar of Companies.
Following information by the Cyprus Bar Association, submission of information and registration to the beneficial owners platform is voluntary until the relevant regulations are enacted. Enactment is expected in the next few months. At present, the draft regulations are being finalised and will then be sent to the Cyprus Bar Association for rev
In September 2020 the government launched the Integrated Review of Security, Defence, Foreign Policy and Development to review all aspects of international and national security policy, such as ideology, defence, diplomacy, reputation, finance, trade policy, military power and national resilience. This article provides an overview of the developments which have occurred since the review was announced and the expected findings.
Introduction
Every construction project has at least one consultant appointed by a developer (also known as an employer of the project). While the types of consultant and their respective roles may differ from project to project, a consultant s role generally includes the certification of work and progress. In most instances, this also requires the consultant to certify the amount payable for work done and the amount payable by the employer to the main contractor. A payment certificate will be issued thereafter.
As cashflow is crucial for main contractors in any ongoing construction project, prompt and expeditious payments by the employer are often expected. However, if the main contractor is dissatisfied with the payment certificate, can the main contractor sue the consultant for negligence? The Court of Appeal addressed this question in a recent case commenced by PCP Construction Sdn Bhd against L3 Architects Sdn Bhd.(1) In its decision, the Court of Appeal unanimously upheld t
The Home Office has confirmed that there will be no change to the right-to-work (RTW) check procedure for EEA nationals who start work in the United Kingdom between 1 January 2021 and 30 June 2021 (the post-transition grace period). However, it has left unanswered the question of what to do when an EEA national has no RTW.
The Companies (Amendment) Act recently entered into force and aims to decriminalise minor, technical and procedural non-compliance based on the nature and gravity of such offences, thereby facilitating and promoting the ease of doing business and further facilitating the ease of living for law-abiding corporates in India.