After losing El Al, Knafaim buys 49.9% stake in TUS Airways

Knafaim will inject $5 million into the Cypriot airline while Eastern Airlines Kenneth Woolley will inject $4 million for a 50.1% stake. After losing control of El Al Israel Airlines Ltd. (TASE: ELAL), Knafaim Holdings Ltd. (TASE: KNFM) has bought a 49.9% stake in Cypriot airline TUS Airways. Under the terms of the deal, Knafaim, controlled by Tami Mozes-Borovitz, […]

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Colman Coyle, Hawksford and Russo-British Chamber of Commerce hosted a joint hybrid event on advising foreign investors on investing into buy-to-let real estate assets in the UK

The event took place on 14 September 2021 at The Clermont Hotel in Charing Cross in London, as a live event and it was also broadcasted via Zoom to the RBCC members. The mixed panel discussion has provided a great overview of the legal, tax, KYC and Anti-Money Laundering requirements which foreign investors should be […]

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Alexander Gebhard joins LawFed BRSA as of counsel

Alexander deals, mainly in cross border transactions with German-speaking clients (Germany, Austria and Switzerland), with corporate and commercial law, real estate law, civil law (family and inheritance), including in court. He was born in Waiblingen, Germany and moved permanently to Italy in 1978, where he began his legal career at his father’s law firm, a point of reference […]

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Alexander Gebhard

Of Counsel, LawFed BRSA

An Overview Of Execution Proceedings Without Any Enforcable Title In Turkey And Requirements To Create Formal Evidence

The Turkish Execution and Bankruptcy Law (“EBL”) contains important provisions for banks and other financial institutions, entitling them to summary proceedings for the recovery of unpaid loans, provided that certain conditions are fulfilled. In this newsletter, we focus on execution proceedings that can be initiated without any enforceable title under Turkish law, with a focus […]

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An Overview: Blockchain and Cryptocurrencies – Business Trends & Regulatory Developments

Our Partner Dr. Charis Savvides delivered and intense seminar at Global Training (Cyprus), on Tuesday, 07 September 2021, at 09:00am. The seminar presented the current and under development regulatory framework on digital assets, addressing the key legislations and regulations which affect or be affected by the disruptive nature of crypto-transactions. You can view the presentation […]

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What do amendments to the Building Safety Bill mean for the industry?

The Building Safety Bill will now be subjected to the Public Bill Committee and Report stages on 9 September 2021 and 26 October 2021 respectively. The bill will be scrutinised, subjected to evidence from experts and interest groups from outside parliament and debated by MPs. As to what further amendments may be proposed, it is […]

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Examining the exceptions to the Access Obligation under the Personal Data Protection Act 2012: A case update on [redacted] v HSBC Bank (Singapore) Limited [2021] SGPDPC 3

The Access Obligation Under section 21(1) of the Personal Data Protection Act 2012 (“PDPA”), an individual has the right to access personal data about him that is in an organisation’s possession or under its control, and information on how such personal data has been collected, used or disclosed. This is termed as the Access Obligation […]

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IAS Partners joins IR as the exclusive Commercial Arbitration Member in Turkey

IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Ceyda Akbal Schwimann of IAS Partners. Ceyda has joined IR as our exclusive Commercial Arbitration Member in Turkey. Ceyda Akbal Schwimann specializes in commercial and corporate disputes, investments, and investment protection disputes. She advises major international groups and private clients in their […]

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The Law Reform Committee’s Report on the Enactment of Non-Charitable Purpose Trusts

Introduction On 31 May 2021, the Singapore Academy of Law’s Law Reform Committee (“LRC”) released a report recommending the creation of statutory Non-Charitable Purpose Trusts (“NCPTs”) for certain purposes in Singapore.  As Singapore currently follows the common law position, NCPTs are generally regarded as invalid for offending the beneficiary principle and the rule against perpetuities, […]

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