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, […]

Read more

Swiss Financial Market Supervisory Authority FINMA Enforcement Tools

By Olivier RIVOIRE (this Newsletter is drafted jointly with Yasmine SABETI LANGE, attorney-at-law Sabeti-Legal in Zurich) It was recently reported in the press that FINMA took several actions against certain Swiss banks and their executive managers, particularly in relation to several cases of money laundering. Financial markets supervision and money laundering Such recent FINMA decisions provide us with […]

Read more

Prepare for the New Year by Reviewing Your Trust for 2022

Ensure your financial affairs are in order, and prepare for the new year by reviewing your trust for 2022.  It is important to review trust documents every 2 to 3 years.  There have been many recent changes to asset protection related laws as well as the US exemptions for estate tax.  Many San Diego area residents still […]

Read more

The Best Practice for the Warsaw Stock Exchange (GPW) Listed Companies 2021 – a new quality of corporate governance

On 1 July 2021, the Best Practice for the Warsaw Stock Exchange (GPW) Listed Companies 2021 (“Best Practice 2021”) came into force – a new edition of corporate governance principles for companies listed on GPW Main Market in Poland. Companies are not obliged to comply with Best Practice 2021 however, it is demanded to disclose […]

Read more

Global shortages persist

Good morning, After a promising start to the day yesterday, the pound struggled to hold its ground against the euro and dropped back from the 20-month highs as mentioned in yesterday’s update. Despite this, it is still holding above the 1.18 level, a significant barrier as of late, and remains in a favourable position, compared […]

Read more

From Survival to Recovery Mode

This blog was originally posted by our friends at Business Finance Capital. Accounting for upwards of 90% of the US economy, it is no stretch to say that the health of small businesses is vitally important to how well we recover as a nation from the financial crisis caused by the COVID-19 pandemic. Seems each day we […]

Read more

The importance of a customer service process

Every company survives thanks to its customers, which is why your organization must have a customer service process that guarantees the correct development of the accounts, ensuring their maintenance and expansion. With a customer service process, your collaborators will automatically know what needs to be done, you will be providing them with a definitive set […]

Read more

Ebilling for Law Firms and Legal Ebilling Software

If you want your legal practice to be as successful as possible, you need an effective billing process. You also need to move beyond traditional paper billing and adopt ebilling for law firms. Thanks to advancements in technology, law firms can easily leverage legal ebilling software to save time, improve invoice accuracy, and offer a client-centered […]

Read more

We Lawyers Were Mistaken: Online Privacy is a Property Matter

What if Data Rights Enforcement was Efficient and Covered Digital Identity?!! In June, the US Supreme Court ruled in TransUnion v. Ramirez, 594 U.S. _____ (2021), that plaintiffs suffering identity loss must show “concrete harm” to have standing to sue, at least in federal court. The case was a class action suit involving a class of individuals […]

Read more

Impact of the COVID–19 virus on the Stock Exchange Market in Warsaw (2019 -2020)

(by Prof. Dr. Rafał Kusy) The Covid-19 Pandemic has significantly affected the social, as well as business, life among societies almost in the entire world. In April 2020 the International Monetary Fund used the term “The Great Lockdown” as being the worst economic slowdown since the Great Crisis. However, many scientists have regarded the corona […]

Read more

Value Added Tax in Morocco (VAT)

Value Added Tax (VAT) is a consumption tax applied to goods or services in Morocco. Almost every purchase of good and service in Morocco is subject to VAT which is applied ad valorem. The principle of payment is intended to be a fragmented payment system. The seller should : Collect the VAT on the sales he makes […]

Read more

Landmark Court Of Appeal Ruling Allows Claimant To Recover A ‘Success Fee’ As Part Of An Award From Father’s Estate

Landmark ruling provides long awaited guidance for private client practitioners on recoverability of success fees and helps to ensure claimants in difficult financial circumstances can access legal support A Court of Appeal ruling, passed down today, has confirmed that the success fee element of conditional fee agreements (CFAs) can be recovered as part of an […]

Read more