What The Criminal Finances Bill Means For Asset Seizure And Forfeiture
Syedur Rahman and Nicola Sharp examine the changes likely when the Criminal Finances Bill becomes law.
The Policing And Crime Act 2017
Aziz Rahman talks through the Act’s implications for those in business in the UK.
Tesco: A Question Of Corporate Criminal Liability?
Aziz Rahman examines what the deferred prosecution agreement the supermarket giant has reached with the SFO may mean for other corporates.
The Laundromat Saga: The Fca And Money Laundering Risks
With banks being investigated over alleged Russian money laundering, Aziz Rahman examines the precautions financial professionals must take.
Problems In Kazakhstan Pension System
Synergy Partners Law Firm State Pension Fund. Kazakhstan made a state monopoly on managing pension assets in 2013. Prior that reform about dozens of private pension funds in Kazakhstan that had been a major driver for a local stock market and finance. Nowadays JSC United Pension Fund accumulates all pension contributions and manages all pension …
European Commission Proposes EMIR Reform that will Minimise the Clearing Obligation for NFC and Cert
On 4 May 2017, the European Commission published its proposal for an amendment of the European Market Infrastructure Regulation (EMIR). The Commission calls the proposed amendment a good example of "better regulation in practice" which is "essential to the creation of the Capital Markets Union (CMU)".
Premium Payment Clauses – Surcharges need to be transparent
The implementation of clauses on short-term premium instalments In its ruling (7 Ob 5/16k) of 17 February 2016, the Austrian Supreme Court determined that a clause on "short-term premium instalments" (Unterjährigkeitsklauseln) contained in the general terms and conditions for life insurance contracts with premium refund was non-transparent. The clause provided that premiums may be paid in semi-annual, …
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Philippines Chapter in The Tax Disputes and Litigation Review – Edition 5
The Philippines section of The Tax Disputes and Litigation Review – Edition 5 contains information on commencing disputes, including national and local taxes; courts and tribunals; penalties and remedies; tax claims, including recovering overpaid taxes, challenging administrative decisions, and claimants; costs; alternative dispute resolution; anti-avoidance; double taxation treaties; areas of focus; and outlook and conclusions. …
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IFLR: “Philippines: Acquiring insurance brokers”
The April issue of the International Financial Law Review (IFLR) includes an international briefing article by SyCipLaw partner Hiyasmin H. Lapitan entitled “Philippines: Acquiring insurance brokers”. The article discusses the new requirement by the Philippine Insurance Commission (IC) for advance approval to acquire a stake in a Philippine corporation that is licensed as an insurance broker or …
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Korean tax authorities impose KRW 300 billion of withholding taxes on software license fees, looking
Deeming Oracle US the beneficial owner, the Tax Tribunal upheld assessments against Oracle Korea on license fees paid to Ireland affiliate going back to 2008. Tax judgment is now on appeal by Oracle to the administrative law court. The Korean Tax Tribunal has affirmed National Tax Service (NTS) assessments totaling some KRW 300 billion (approx. …