Focus on: The Impact of AI in South Korea
Recognizing the rapidly evolving nature of AI and the scope of its potential impact, the South Korean government has been undertaking various legislative and policy initiatives to both promote the AI industry and appropriately regulate potential side effects. Many AI bills have already been submitted to the 21st National Assembly. Among them, the “AI Framework …
Focus on: Valderrama Abogados
Valderrama Abogados is a multidisciplinary law firm that provides legal advice in Labor, Corporate, Legal Compliance, Contracts with the State, Real Estate, Regulatory, Tax and Social & Government Relations. Our clients are the center of the Firm. This principle is the basis of our Firm’s DNA and the success of our relationships with our clients and been recognized by clients and the …
Public procurement in Sweden is undergoing significant transformation, driven by a mix of emerging trends and ongoing challenges. Annually accounting for approximately 20 percent of Sweden’s GDP and involving contracts valued over SEK 800 billion, public procurement is critical for the functioning of government agencies, regions, municipalities, and certain private companies. Each year, over 17,000 …
On 1 January 2023, the long-awaited reform of Swiss corporate law entered into force. Amongst various changes this reform also introduced some new regulations regarding the duties of the board of directors when a company is in financial distress. While some of these new regulations bring clarification to long disputed questions, others introduce new obligations …
Continue reading "New Provisions regarding Financial Distress"
After a slight increase in VAT rates at the beginning of this year and the abolition of customs duties on industrial products, the next round of changes in the area of VAT is around the corner. Although the Federal Council has not yet confirmed the official enactment date, it is expected that the VAT changes …
Continue reading "Will Switzerland’s partial VAT revision bring a new era?"
Doing Business In: the British Virgin Islands
The British Virgin Islands (BVI) is a vital cog in the global economy. Investment mediated through BVI Business Companies has been hugely beneficial for the worldwide economy, facilitating $1.4 trillion in cross-border trade and investment, equivalent to 1.5 per cent of global GDP, and supporting around 2.3 million jobs globally, according to the research report …
Since our establishment twenty-seven years ago, KANGS has built a reputation of representing clients in white-collar fraud, regulatory and tax litigation matters. We have earned numerous accolades and hold the highest rankings in the prestigious legal directories such as Chambers UK and the Legal 500 where we have the coveted ‘Top Tier’ status for the …
This 500-page legislative mammoth’s objectives are described by the Government as designed to speed up the planning system, hold developers to account, cut bureaucracy and encourage more local authorities to put in place plans to enable the accelerated building of homes. The Conservative manifesto at the last election laid great emphasis on dealing with regional …