Europe

Latest news, articles and valuable insights about business in Europe. Our team of experts at GFLO Consultancy specializes in serving the vast European market. We’re here to provide you with helpful information, and we hope you will discover the answers you seek below. If not, feel free to reach out to us anytime.


Who is a Person with Significant Control?

Defining PSC PSC (Person with Significant Control) refers to an individual or individuals with the primary control rights within an organization. In the second quarter of 2016, the UK Companies Register mandated all British companies to disclose individuals who own or exercise control over companies. This disclosure can be made either at the time of [...]

Russian depositary receipts: conversion complexities

New federal law This is partly due to a new federal law, that prohibits Russian issuers from selling their shares abroad through depositary receipts. It also requires issuers to take delisting measures if they don't receive approval to maintain their depositary receipt programs. For many years, shares of some major Russian issuers were traded on [...]

Curacao gaming license: new licensing regime since September 2023

Changes as of September 1, 2023 Applications for new master licenses for online gaming will be accepted and processed directly from operators in accordance with existing legislation; An online portal for the Gaming Control Board (GCB) will be established for: Receiving applications for new licenses; Registering operators working under existing sub-licenses. The portal will [...]

Conversion of Russian ADRs and GDRs

Our solutions To address these issues, GFLO Consultancy, has developed solutions and provides successful support to investors who wish to convert their Russian ADRs and GDRs to underlying shares for which such depositary receipts were issued. What we offer: free case assessment; free initial consultation; quick turnaround time, which is especially important due to the [...]

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