Arbitration Article Series III: Terms of References
Parties wanting to enforce an award under the New York Convention must satisfy the requirements of the UAE Civil Code. In practice, enforcing arbitration awards can be a lengthy and unpredictable process. It is common for the UAE courts to require the foreign award to satisfy the rules and procedures of the UAE, and they …
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Increased Insolvency Powers
Ben Ticehurst explains the new powers at the Insolvency Service’s disposal – and what those in business need to do to ensure they do not fall foul of them.
Potential Hurdle for Acquisitions in Hungary by Non-EU and Non-EEA Investors
The Hungarian Ministry of the Interior recently submitted a legislative proposal to the Hungarian Government to amend the Act on Hungarian National Security Services (the "Proposal"). The Proposal suggests an amendment pursuant to which investors from non-EU and non-EEA countries who wish to invest in Hungary would have to obtain prior permission from the minister …
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CSSF provides guidance on PRIIPs KID for Luxembourg alternative funds
In the latest update of its Frequently Asked Questions document on the legislation governing alternative investment fund managers, published on July 6, 2017, Luxembourg financial regulator CSSF has addressed issues raised by the introduction in January 2018 of the European Union’s regulation on Packaged Retail and Insurance-based Investment Products and its requirement for such products …
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Korea unveils proposed changes to telecom license framework
Proposed changes to the Telecommunications Business Act would simplify and significantly relax license requirements, and ease foreign ownership restrictions for telecom carriers. The amendments also aim to require common carriers, especially mobiles, to offer a more affordable consumer telecom rate structure, under standards to be decided. The amendments seem likely to pass largely as-is by …
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Choosing between a tax appeal and a tax refund
19 Sep 2017 at 04:00 / NEWSPAPER SECTION: BUSINESS Choosing between a tax appeal and a tax refund You may be surprised to learn that some people do not always claim the preferable tax treatment offered by the government. This is not a surprise to those of us who deal with taxation professionally, as some …
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The ECB’s Fitness and Properness Test: The Assessment Process
In May 2017, the European Central Bank ("ECB") published a list of guidelines which gave a compressive overview of the practices and procedures applied by it when assessing the suitability of members of the management bodies of Significant Institutions ("SIs") as well as trying to harmonize national rules of all Member States in relation to …
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Corporate Reporter – Issue No. 47
Corporate Reporter – Issue No. 47 Glenn Joblin and Torrin Crowther, Partners | Tuesday 22 August 2017 Welcome to Issue No. 47 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.
Passing of Cartels Bill marks new era in New Zealand competition law
Passing of Cartels Bill marks new era in New Zealand competition law Torrin Crowther, Partner and Glenn Shewan, Senior Associate | Thursday 10 August 2017 After almost six years before Parliament, the Commerce (Cartels and Other Matters) Amendment Bill finally passed its third reading in Parliament today. Royal Assent is expected in the coming days.
CCH New Zealand Budget Report 2017
CCH New Zealand Budget Report 2017 Mathew McKay, Partner | Thursday 25 May 2017 In conjunction with CCH, our tax team has analysed the 2017 Budget and has produced a report providing an in-depth analysis of its implications.