The Future of Cryptocurrencies in the UAE
The global cryptocurrency markets are currently expanding at a steady pace with many financial institutions around the world of the view that cryptocurrencies may in fact be a substitute for traditional financial systems.
The global cryptocurrency market size is likely to reach USD 1758.0 million by 2027, exhibiting a Compound Ann...
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The Net is Tightening — Draft Released for The Revised Measures for Cybersecurity Review
Within the legislation structure of China's Cyber-security, Data security, and Personal Information Protection, the Measures for Cybersecurity Review ("Measures"), with a capacity of merely 22 articles, is the administrative regulations that will directly guide and govern the security review procedures based on the PRC Cybersecurity ...
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A Globally Connected Europe: The EU’s Answer to the Belt & Road Initiative?
On July 12th, 2021, the European Council approved conclusions on “A Globally Connected Europe”, highlighting the need for the EU to pursue ”a geostrategic and global approach to connectivity.” Such a large-scale infrastructure plan seeks to develop new links between Europe and the rest of the world which com...
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The Effectiveness of Transferring Residence Abroad for Tax Purposes: Recent Opinion of the Italian Supreme Court
In accordance with Italian legislation, and in particular, the Consolidated Tax Act ("Testo Unico Imposte sui Redditi - TUIR"), individuals who produce income in Italy, even if resident abroad, are obliged to declare such income to the Italian tax authorities, except in cases of exemptions provided by laws.
In particular,...
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The Promising Future Of E-Commerce In India
Introduction
The pandemic has completely transformed the way businesses operate in India. A prime example of this statement can be found in the fact that India’s e-commerce order volume increased by 36% in the last quarter of 2020, with the personal care, beauty and wellness sectors dominating the e-commerce mar...
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Sensitive Information
Obligations under the Personal Information Protection Law
The second version of the draft Personal Information Protection Law (PIPL or the Draft) period for public consultation is now closed. With personal information data increasingly a hot button topic globally amid cybersecurity investigations into popular apps...
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Supreme Court’s Attempt to Have the Facial Recognition Leashed
On July 27th, 2021, the PRC Supreme People's Court issued the Provisions of the Supreme People's Court on Several Issues Concerning the Application of Law in the Trial of Civil Cases Involving the Processing of Personal Information Using Facial Recognition Technology (hereinafter as the "Provisions"), which is a t...
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Invest in Russia: An Overview of Special Economic Zones
Invest in Russia: An Overview of Special Economic Zones
Special economic zones (SEZ) in Russia are territories with a special legal status and economic benefits to in order to attract both Russian and foreign investors to priority sectors in the country. Primarily, the creation of SEZs was initiated for the purpos...
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FDI in Vietnam: Opening and Use of Direct and Indirect Investment Capital Account
Under Vietnamese laws, any investment transaction in the country by foreign investors shall be executed through an investment capital account opened in a licensed bank which is permitted to trade and supply foreign exchange. Depending on the nature of the investment (direct or indirect, as further defined below), the transaction shal...
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DP Practical Guides – Doing Business in China
China’s economy has been transforming from high-speed to high-quality growth. The consumption-driven economy features its immense market with robust demand. Foreign enterprises continue to choose China as their new investment destination and newly oriented market.
We at DP Group strive to help our clients and potential investors...
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