Algeria

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Recent Articles

  •  
    01/03/2024
    International

    Pre-conditions to arbitration and the FIDIC 2nd Edition

    Amendments to the FIDIC 2nd Edition contracts published in November 2022 have narrowed the definition of “Dispute” to more closely align it with the pre-conditions to DAAB and arbitration proceedings specified by the form. The narrower definition raises the potential for new jurisdictional objections to be made in DAAB or arbitration proceedings commenced without compliance with those pre-conditions. In this Law-Now, we consider recent developments in the approach taken to arbitral pre-conditions in a number of international jurisdictions, before considering the specific issues thrown...
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    19/01/2024
    International

    CBAM: Just over a week to comply

    As the deadline for the first Carbon Border Adjustment Mechanism (CBAM) report approaches on January 31st, it is crucial for undertakings engaged in importing relevant goods into the European Union to understand their obligations - which take practical effect this month. The CBAM, established by Regulation (EU) 2023/956, represents a significant step in the EU’s efforts to combat climate change and carbon leakage, aligning with the overarching goals of the European Green Deal and the Paris Agreement.Key Practical Points on CBAM:Scope of CBAM: This mechanism applies to specific goods listed...
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  •  
    09/01/2024
    International

    Further transparency rules come into force: The US Corporate Transparency Act will require action by overseas companies

    The US Corporate Transparency Act (the “CTA”) came into force on 1 January 2024. Going forward, certain entities (“reporting companies”) will be required to file new online beneficial ownership information reports (“BOI reports”) with the US Department of Treasury’s Financial Crimes Enforcement Network (“FinCEN”). Many US and foreign companies will be required to file these reports.The CTA is part of a long-standing US federal effort to reduce money laundering at small corporations operating in the US by improving the transparency of corporate...
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    02/01/2024
    International

    Tackling the misuse of crypto-assets for ML-TF purposes

    As a constantly evolving sector, the crypto-assets ecosystem presents continuous challenges, particularly in terms of money laundering and terrorist financing (ML-TF) risks.To tackle the misuse of crypto-assets for ML-TF purposes, it is necessary to subject players active in this sector to anti-money laundering and counter terrorist financing (AML-CTF) supervision. Consequently, such players have been progressively included within the AML-CTF framework.The framework initially covered professionals operating “virtual assets”. This scope has been amended to refer to professionals dealing...
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    21/12/2023
    International

    EU's Cross-Border Overhaul: Unveiling the Legal obligations and Initial Insights

    Directive 2019 /2121 governing cross-border reorganisation operations (mergers, demergers, transfers of registered offices) was implemented during 2023 into the domestic laws of the various countries of the European Union, with the exception of Bulgaria, Cyprus, and Luxembourg. It is time to take stock.Cross-border mergers, demergers and transfers of registered offices are now subject to a harmonised legal regime and a similar procedure, the purpose of which is to simplify the conduct of these complex operations; However, procedural deadlines have been substantially extended; for example, the period...
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  •  
    20/12/2023
    International

    COP28 Update – 20 December 2023

    COP28 has seen a host of pledges and agreements, and the CMS team has been reflecting on the announcements and sharing their experiences of COP28 on the CMS COP28 Hub. Here, we roundup the latest commentary from our team at COP28.  CMS CommentaryCOP28: how the law can unite and act to deliver the UN SDGsThursday 7 December saw a panel event to discuss COP28: how the law can unite and act to deliver the UN SDGs, hosted by Advocates for International Development and supported by Clifford Chance, CMS, Kirkland & Ellis and Linklaters.Read more and watch a recording of the event here: COP28:...
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