IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Olumide Olusoga Sofowora, SAN, C.Arb of Olumide Sofowora Chambers. Olumide has joined IR as our exclusive Commercial Arbitration Member in Nigeria. Olumide Sofowora, SAN, C.Arb. is a Senior Advocate of Nigeria and Chartered Arbitrator. He obtained his LL. B. (Hons.) degree […]
In the time since COVID-19 global pandemic has hit the United States over the last month, the U.S. economy has shut down. Part of that shutdown has led to the closure of field offices of U.S. Citizenship and Immigration Services (USCIS), as well as nearly all U.S. Embassies and Consulates around the world. Stuck overseas […]
In these uncertain times, only employers providing so-called “essential services” are allowed to operate. Identifying and implementing safe work practices to protect employees’ health and safety are now key to keeping these operations running. This requirement is highlighted by the fact that, since the outset of the pandemic, the Commission des normes, de l’équité, de la […]
On March 23, 2020, the Premier of Quebec, François Legault, announced the complete shutdown of all non-essential businesses.1 This measure, which covered most construction sites, officially came into force on March 25, 2020.2 At the time of writing, the date for the resumption of construction activities remains uncertain, except for specific residential construction sites that […]
By: Robert “Bob” Boeche, II, Partner The outbreak of the COVID-19 pandemic, subsequent closures of businesses and mandated “quarantine” laws have had dramatic effects that permeate nearly every facet of our lives. With the markets wildly fluctuating, and advisers being deemed an “essential” service, most advisers are juggling responsibilities to their clients with trying to […]
On April 10, 2020, the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) issued General License 5C delaying the effectiveness of General License 5B “Authorizing Certain Transactions Related to the Petroleos de Venezuela, S.A. 2020 8.5. Percent Bond on or After April 22, 2020” until July 22, 2020. Accordingly, all transactions related to, the […]
COVID-19 and Contractual Obligations Force Majeure & the Doctrine of Frustration in Cyprus Law Introduction The recent outbreak of Covid-19, which the World Health Organisation classified as a pandemic, has brought to the fore significant issues for businesses. The disease has a profound impact on the performance of businesses and their underlying contractual relationships. […]
CNPLaw LLP (“CNP”) acted as Singapore counsel for a Singapore-based telecommunications start-up, AirGSM Pte Ltd, in its restructuring through a share swap with its US-based holding company, AirGSM Holdings, Inc. AirGSM Pte Ltd is the creator of the mobile application, Airalo, the world’s first eSIM store for travellers. The restructuring strategically positions AirGSM Pte Ltd for fund raising activities and […]
The number of new infections caused by COVID-19 (Coronavirus SARS-CoV-2) is increasing, with the Robert Koch Institute now confirming several hundred cases in Germany. Understandably, employees are increasingly worried about becoming infected at work. Employers and employees alike are considering what special rules of conduct and courses of action are available to them in view […]
The coronavirus (COVID-19) poses a great challenge to all of us. The WHO has meanwhile classified COVID-19 as a pandemic. The number of infected people is rising daily. While consequences cannot yet be assessed, uncertainty is increasing. Data protection is surely not the most important issue in this context. Nonetheless, the following questions are […]
The Federal Ministry of Justice and Consumer Protection announced that the obligation for affected companies to file for insolvency is to be suspended under certain conditions until September 30, 2020. Appropriate rules are currently being drafted. Under Section 15a(1) Insolvency Code, general managers or members of the management board of legal entities (including GmbH & […]
COVID-19 and the coronavirus have taken control of public life and companies are considering whether they have taken all the necessary steps to sufficiently mitigate the consequences of the pandemic. Maintaining a functioning IT infrastructure is also vital for the survival of most companies in a digitalized economy. This is all the more true if, […]