The Arbiter for Financial Services (the ‘Arbiter’) confirms the principle that the calculation of losses resulting from the discretionary management of an investment portfolio needs to take into consideration….
Are condominium units at lower levels subsidising those at higher levels? Sharing of expenses relating to common parts between condomini is subject to the general principle that unless otherwise agreed to, expenses are to be shared in proportion to the value of the property of each condominus[1]. Normally, value is determined on the basis of…
The appointment of a competent person under the Banking Act to take charge of a bank’s assets for the purpose of safeguarding the interests of depositors and/or to assume control of the bank’s business to carry out that business or …
Whilst recently advising on a cross border merger by acquisition, a client questioned why companies involved in a merger having the same shareholders owning the same proportion of share capital in all merging companies, or having the same ultimate beneficial owner, need to issue shares in the acquiring…
