
Last week, Limassol transformed into a buzzing hub of ideas and inspiration as Reflect Festival returned, bigger and bolder than ever. As Cyprus’ premier technology and entrepreneurship event, Reflect brought together over 10,000 attendees, including entrepreneurs, investors, and industry leaders from across Europe, the Middle East, and Africa.
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Motaher Chowdhury, Senior Legal Counsel and Head of the India Desk at Elias Neocleous & Co LLC, has welcomed the Bar Council of India’s (BCI) landmark decision to allow foreign lawyers and law firms to advise on foreign and international law in India under a newly structured regulatory framework.
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This article explores the European Union’s recent decision to delay the implementation of the Corporate Sustainability Reporting Directive (CSRD) in an effort to simplify the sustainability reporting process for companies. The CSRD aims to standardize Environmental, Social, and Governance (ESG) disclosures across large companies within the EU, with the goal of enhancing transparency, accountability, and comparability in line with the EU’s 2050 climate-neutral objectives. However, the scope and complexity of the reporting requirements have raised concerns about administrative burden and relevance. The EU Commission has proposed significant amendments to reduce the reporting scope and simplify compliance, including a reduced company threshold and a two-year reporting delay. While these reforms aim to ease the regulatory burden, they may also reduce the level of transparency and accountability that investors and consumers rely on, raising concerns about the balance between fostering innovation and maintaining sustainability goals.
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