Confirmation of the end of the VAT exemption regime for financial IGPs
Following the Luxembourg case C-274/15, the series of cases relating to the scope of the cost-sharing VAT exemption also referred to as “Independent Group of Persons” (“IGP”) continues with the release today of three judgements by the Court of Justice of the EU (“CJUE”): Aviva (C-605/15), DNB Banka (C-326/15) and European Commission v Federal Republic …
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CPO: “Philippines: To Be or Not To Be a Data Protection Officer (DPO)”
Chief Privacy Officer (CPO) Magazine, an online publication owned by Data Privacy Asia, featured an article by SyCipLaw partner Rose Marie M. King-Dominguez. Entitled “Philippines: To Be or Not To Be a Data Protection Officer (DPO)”, the article discusses the qualifications and responsibilities of a DPO as outlined in the Philippine Data Privacy Act of …
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Deductibility of guaranteed amounts by fund sponsors
3 Oct 2017 at 04:00 / NEWSPAPER SECTION: BUSINESS Deductibility of guaranteed amounts by fund sponsors Property funds have long been popular with investors in Thailand, where the mutual-fund structure is being phased out and funds are being converted to real estate investment trusts or REITs. Raising funds from investors through such vehicles often involves a …
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Amendments Of Period Of Appeals Of Turkish Court Decision Incivil And Criminal Justice Systems
Regional Courts of Appeals started to operate as from July 20, 2016 and the Turkish Legal System adopted one more instance to its two (2) instance system, being transformed to a three (3) stage system. In the new system, Regional Courts of Appeals operates as second instance and the Supreme Court of Appeals is the …
Arbitration Article Series V: Challenging an Arbitration
In this case the losing party will file an annulment case. However, it may be possible to argue that the parties have accepted the tribunal’s jurisdiction, or have waived any right to object, or have lost that right by not objecting at the first opportunity.
Investors win Dh84m claim against developer in Dubai
A Dubai developer has been ordered to pay three men Dh84m after they failed to deliver villas the men had purchased from a housing project near Dubai Land.
Luxembourg law on the exploration and use of space resources entered into force
The Luxembourg law on the exploration and use of space resources of 20 July 2017 entered into force on 2 August 2017 and placed Luxembourg among the most innovative space-oriented nations in the world.
UAE domestic VAT law released!
On 27 August 2017, the United Arab Emirates (the "UAE") published the text of its domestic Value Added Tax (the "VAT") Law, shortly after releasing the text of its Excise Tax Law last week, and the Federal Tax Procedures Law earlier this month. It will be followed by implementing regulations, which will provide more detail …
ICLG 4th edition – Corporate Immigration 2017
As Luxembourg is gaining increasing success in international mobility and business immigration, the applicable legal framework has been recently adapted by introducing several new categories of residence permits in Luxembourg, including a residence permit for investors.
Posting of workers and its implications for posting companies – New law
A revision of the Posting Directive became necessary after it proved that the Posting Directive contained numerous pitfalls in the past. In some cases it turned out that companies posting employees were only “letterbox companies” without any substance. In other cases, situations where concerned employees’ rights were being circumvented were unveiled.