On May 7, 2024, the Federal Trade Commission (FTC) published its highly anticipated and contentious edict on non-competition covenants (the “Final Rule”) in the Federal Register. Federal Trade Commission, 89 FR 38342. The rule, which bans all new non-competes and makes existing covenants invalid unless in the case ofZobrazit více
Authorized Capital is known to be the upper limit of the capital that a company is allowed to raise via its share’s sale. Authorized share capital may be divided into: Issued Capital is that category of capital that a company grants time to time Paid-up Capital is the amountZobrazit více
SaaS contracts are growing in popularity, as are the cloud services they affect. I recently read that the software-as-a-service (SaaS) market is estimated to be worth around $145.5 billion and growing. Businesses are relying on cloud services more than ever, which means you need to have a goodZobrazit více
In May 2024, the Dubai International Financial Centre (DIFC) published a consultation paper with proposal for amending the Prescribed Company Regulations in the DIFC. After two month long consultation and deliberation process, the amended Prescribed Company Regulations have now come into effect on 15th July 2024. Amendments Qualifying requirementsAnZobrazit více
In the State Gazette, issue 27 of 29.03.2024, the Law on Amendment and Supplement to the Labor Code has been promulgated, which introduces new rules regarding teleworking. The changes are dictated by the sharp development of telecommunication technologies and digitalization, which determine the widespread use of work outside theZobrazit více