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21/06/2022
Mone­g­asque le­gis­la­tion takes an­oth­er step to­wards gender equal­ity
The law n°1.523 of 16 May 2022 on the pro­mo­tion and pro­tec­tion of wo­men's rights has re­cently been pub­lished in the "Journ­al de Monaco" on 27 May 2022.Over the course of 3 years, 12,000 leg­al texts have...
20/06/2022
The United States Su­preme Court Re­stricts Dis­cov­ery for In­ter­na­tion­al Ar­bit­ra­tions
In a land­mark de­cision is­sued on 13 June 2022,[1] the US Su­preme Court (“SCOTUS”), Amer­ica’s highest court, ruled that the scope of Sec­tion 1782 of the United States Code (“U.S.C.”) does not...
15/06/2022
The bind­ing nature of an of­fer to buy or sell real es­tate
Of­fers to buy or sell real es­tate are doc­u­ments that are of­ten hast­ily draf­ted by those in­volved in prop­erty trans­ac­tions, wheth­er they are act­ing as agents or mak­ing the of­fer them­selves, in or­der to...
09/06/2022
Cre­ation of an an­nu­al right to rest
The European concept of an an­nu­al right to rest first ap­peared in a not­able rul­ing of 22nd Novem­ber 2011 by the European Uni­on Court of Justice (EU­CJ), ac­cord­ing to which paid leave have "a dual pur­pose...
01/06/2022
CMS Next
What’s next? In a world of ever-ac­cel­er­at­ing change, stay­ing ahead of the curve and know­ing what’s next for your busi­ness or sec­tor is es­sen­tial.At CMS, we see ourselves not only as your leg­al ad­visers but also as your busi­ness part­ners. We work to­geth­er with you to not only re­solve cur­rent is­sues but to an­ti­cip­ate fu­ture chal­lenges and in­nov­ate to meet them.With our latest pub­lic­a­tion, CMS Next, our ex­perts will reg­u­larly of­fer you in­sights in­to and fresh per­spect­ives on a range of is­sues that busi­nesses have to deal with – from ESG agen­das to re­struc­tur­ing after the pan­dem­ic or fa­cing the di­git­al trans­form­a­tion. We will also share with you more about the work that we are do­ing for our cli­ents, help­ing them in­nov­ate, grow and mit­ig­ate risk.To be able to provide you with the best sup­port, we im­merse ourselves in your world to un­der­stand your leg­al needs and chal­lenges. However, it is equally im­port­ant that you know who we are and how we can work with you. So, we in­vite you to meet our ex­perts and catch a glimpse of what is hap­pen­ing in­side CMS.En­joy read­ing this pub­lic­a­tion, which we will up­date reg­u­larly with new con­tent.CMS Ex­ec­ut­ive Team
31/05/2022
The con­di­tions for third party ac­cess to in­form­a­tion held by re­gisters...
The Prin­cip­al­ity of Monaco has up­dated and strengthened its meas­ures to com­bat money laun­der­ing, ter­ror­ist fin­an­cing and cor­rup­tion by ad­opt­ing Act 1.503 of 23 Decem­ber 2020, now sup­ple­men­ted by Act 1.520...
23/05/2022
Ten key takeaways of the draft re­vi­sion for the EU mer­ger con­trol pro­ced­ure
Fol­low­ing its eval­u­ation of pro­ced­ur­al and jur­is­dic­tion­al as­pects of EU mer­ger con­trol, on 6 May 2022 the European Com­mis­sion pub­lished drafts for a re­vised Mer­ger Im­ple­ment­ing Reg­u­la­tion (in­clud­ing Form...
20/05/2022
Amended IC­SID Rules to enter in­to force on 1 Ju­ly 2022
On 21 March 2022, the Mem­ber States of the In­ter­na­tion­al Centre for Set­tle­ment of In­vest­ment Dis­putes (IC­SID) ad­op­ted a com­pre­hens­ive set of amend­ments to IC­SID ar­bit­ra­tion and con­cili­ation rules (“IC­SID...
20/05/2022
DEBRA – The new EU tax ini­ti­at­ive aim­ing at pro­mot­ing a fair and sus­tain­able...
With­in the EU a wide­spread asym­metry ex­ists between debt and equity fin­an­cing. Usu­ally, in­terest is tax de­duct­ible from the cor­por­ate in­come tax base while di­vidends do not be­ne­fit from such ad­vant­age...
12/05/2022
10 key as­pects of the re­vised EU com­pet­i­tion law in the field of dis­tri­bu­tion...
The new Ver­tic­al Block Ex­emp­tion Reg­u­la­tion (VBER) and the new ac­com­pa­ny­ing Ver­tic­al Guidelines (VGL) were pub­lished on 10 May 2022. The new VBER will enter in­to force on 1 June 2022 and ap­ply for the...
11/05/2022
SF­DR con­tin­ues to evolve: more gran­u­lar dis­clos­ures to be pro­posed on in­vest­ments’...
Fin­an­cial products with ex­pos­ures in fossil gas and nuc­le­ar en­ergy are likely to have more gran­u­lar re­port­ing re­quire­ments un­der the Sus­tain­able Fin­ance Dis­clos­ure Reg­u­la­tion (“SF­DR”). The European...
11/05/2022
SF­DR’s Prin­cip­al Ad­verse Im­pacts In­dic­at­ors on course to change
The European Com­mis­sion has giv­en the European Su­per­vis­ory Au­thor­it­ies (“ES­As”) a man­date to re­view the SF­DR Del­eg­ated Reg­u­la­tion in­dic­at­ors for prin­cip­al ad­verse im­pact and the fin­an­cial product...