ALB: “Guidelines on Related Party Transactions for Insurers in the Philippines”
The July 2017 issue of the Asian Legal Business (ALB) includes a Philippine regional update by SyCipLaw partner Hiyasmin H. Lapitan and associate Jo Margarette W. Remollo entitled, “Guidelines on Related Party Transactions for Insurers in the Philippines”. The article summarizes the Insurance Commission’s compliance guidelines on related party transactions, as set out in Insurance …
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Virtual Currency – Korean Regulatory and Legislative Developments
Korean Virtual Currency Market Overview The proliferation of virtual currencies in South Korea has resulted in a highly volatile environment for speculative and unregulated trading on the Korean virtual currency exchanges. The Korean virtual currency market remains desirable to issuers of initial coin offerings (“ICOs”), due in large part to Korea’s advanced e-commerce, online banking …
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New standards on the unjustified tax benefit included in the tax code
The Federal Tax Service of Russia issued Letter № CA-4-7/ 6152 @ of 16.08.2017, in which it clarified to its subordinate tax authorities the application of new Art. 54.1 of the Tax Code of the Russian Federation "Limits on the Exercise of Rights in Calculating the Tax Base and (or) the Amount of Tax, Levy, …
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The Public-Private Partnership Law Review 3rd Edition
The Philippine chapter of The Public-Private Partnership Law Review 3rd edition was contributed by SyCipLaw partners Marievic G. Ramos-Añonuevo and Arlene M. Maneja. The chapter includes information on public-private partnerships (PPPs) in the Philippines, including general framework, bidding and award procedure, contractual arrangements, financing, and recent developments and decisions.
Arbitration Article Series IV: Enforcing Arbitration Awards
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.
Challenging Witness Credibility
The SFO has been criticised for its use of an expert witness in trials. Aziz Rahman examines how the SFO can be challenged over its use of such witnesses.
Health And Safety: The Corporate Implications
Syedur Rahman and Nicola Sharp consider how companies can minimise the problems that can be posed by health and safety prosecutions.
Automation And Money Laundering
Aziz Rahman explains how automation can bring its own risks of money laundering – and how they can be reduced.
European Court of Human Rights: Employers have limited rights to monitor employee communications at
A landmark decision was issued yesterday (Judgement Bărbulescu v. Romania), a source of debate in the media, in which the European Court of Human Rights clarified the restrictions on monitoring employees in the workplace.
Egypt’s New Investment Law
Egypt's New Investment Law In response to the need of attracting more foreign and domestic investors, the Egyptian Government has promulgated the New Investment Law No. 72 of the year 2017. The Law came into force on the 1st of June 2017, while the Executive Regulation of the same Law has been accepted by the …