New Zealand proposes steps to keep playing in the global OTC sandpit
New Zealand proposes steps to keep playing in the global OTC sandpit David Craig, Partner | Friday 14 July 2017 For large counterparties based in G20 countries, margin rules for over-the-counter (OTC) derivatives have been a challenge for some time. By contrast, New Zealand counterparties have, until recently, been largely immune from the effects of …
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Corporate Reporter – Issue No. 46
Corporate Reporter – Issue No. 46 Glenn Joblin and Torrin Crowther, Partners | Thursday 29 June 2017 Welcome to Issue No. 46 of Corporate Reporter, Bell Gully's regular round-up of corporate and general commercial matters, designed to keep you informed on regulatory developments, legislation and cases of interest.
Bell Gully’s Takeovers Market Practice Report
Bell Gully's Takeovers Market Practice Report James Cooney and James Gibson. Partners | Friday 23 June 2017 Bell Gully's Takeovers Market Practice Report is the first in-depth analysis of New Zealand takeovers data since the introduction of the Takeovers Code in 2001.
New Tax Procedures Law in the UAE
On 31 July 2017, the President of the United Arab Emirates (the “UAE”) issued the new Tax Procedures Law (the “Law”). This Law contributes to build the UAE’s tax system, to regulate the administration and collection of taxes and most importantly, to clarify the respective rights and obligations between the Federal Tax Authority (the “FTA”) …
[SOUTH KOREA] KFTC Announces Standard Distribution Agreement for F&B Businesses
On February 15, 2017, the Korea Fair Trade Commission (“KFTC”) announced the Standard Distribution Agreement for transactions between suppliers and distributors in the food & beverage (“F&B”) industry.
[SOUTH KOREA] Supreme Court Rules that Distributor’s Sales Agents Are Distributor’s Employees …
Supreme Court Rules that Distributor's Sales Agents Are Distributor's Employees, Entitling Them to Severance Payment from the Distributor In a recent decision, the Supreme Court held that although a company (the "Distributor") executed service agreements with its sales agents (the "Sales Agents") who worked in the Distributor's retail space at a department store, the Sales …
[SOUTH KOREA] MOE Moves to Further Stringently Regulate Hazardous Chemical Substances
The Amendment to the Chemicals Control Act (“CCA”), as proposed by the MOE and promulgated on December 27, 2016, is scheduled to take effect on December 28, 2017 (the “Amendment”).
Thailand’s accession to the Madrid Protocol: what does it change for brand owners?
The Madrid Protocol is an international treaty establishing a system for the registration of international trademarks. Thailand finally joined the other ASEAN countries Brunei, Cambodia, Laos, Philippines, Singapore and Vietnam on August 7th, 2017 by becoming the 99th member of the Madrid System. The Protocol will enter into force in Thailand on November 7th, 2017. …
Determination of Section 40(8) income
22 Aug 2017 at 04:00 / NEWSPAPER SECTION: BUSINESS Determination of Section 40(8) income The government recently introduced a tax incentive programme to encourage individuals, including ordinary partnerships and groups of persons, to reorganise their businesses and operate them in the form of a company limited or a juristic partnership. This would make it easier …
The Serious Fraud Office: Ways To Deal With It
Aziz Rahman explains how to respond to a Serious Fraud Office (SFO) investigation in order to secure the best outcome.