Recent Supreme Court Decision Discusses the Income Characterization of Consideration for Software under the Korea-US Tax Treaty
Lee & Ko Tax Group is pleased to distribute this Tax Alert to our Clients and Friends of an important tax case recently decided by the Supreme Court of Korea (2022du36155, decided on June 16, 2022) involving certain payments for the purchase of software by a Korean subsidiary from its US parent.
What Is the Procedure in Transferring a Property in The UAE?
UAE continues to be one of the most attractive jurisdictions for foreign direct investment. Real estate is a crucial sector towards garnering more investment into UAE. In fact, high value investment in UAE real estate, subject to fulfilling the specified conditions, may also help a non-resident buyer in obtaining a long-term UAE visa.
UAE JUDICIAL SYSTEM EXPLAINED: FEDERAL AND LOCAL LEVEL
Introduction The judicial system of United Arab Emirates operates at two levels. It operates at a federal level and a local level. At the local level, the relevant Emirates have their own court system and judicial departments, whereas the judiciary at the federal level controls the courts and departments across the UAE.
What Are the Procedures of Commercial Civil Litigation in the UAE?
Commercial disputes in the UAE are resolved either through litigation or arbitration. While arbitration is fast growing as an effective alternative dispute resolution mechanism, litigation before the courts remains the primary channel of dispute resolution in the UAE.
How is the Travel Ban Imposed in the UAE in Terms of Financial Matters?
A travel ban, in common terms, means restricting an individual who is inside the country to exit the country and prohibiting an individual who is outside the country to enter or re-enter the country.
Law on Family Matters for Expatriates living in the UAE: Part IV
Introduction We have discussed personal status laws applicable to the UAE in the previous articles.
EVIDENCE LAW IN THE UNITED ARAB EMIRATES – AN OVERVIEW
General Overview Broadly, evidence means any information which is presented by either party in a legal proceeding to provide support in a case. The objective is to enable the courts to resolve or decide the matter conclusively.
APPEAL PROCEDURE BEFORE UAE COURTS
A decision issued by the Court of First Instance, which is the primary court, whether in a civil or criminal matter, may be appealed before the Court of Appeal.
All You Need to Know About Maritime Trade Law in the UAE
United Arab Emirates is the central shipping point in the Middle East, operating several ports in the country, which contribute substantially to the GDP of the UAE.
TURKEY: THE BANKING REGULATION AND SUPERVISION AGENCY ANNOUNCES RESTRICTION ON COMMERCIAL TURKISH LIRA LOANS FOR CORPORATE BORROWERS
Authors: Gönenç Gürkaynak, Esq., Nazlı Nil Yukaruç, Selen Sakar and Beliz İnpınar, ELIG Gürkaynak Attorneys-at-Law