From 1 April 2013 a new system has come into being, allowing local authorities to retain up to 50 per cent of the income they receive from business rates.
The Securities and Exchange Commission (SEC) has issued its second-ever whistleblower award. The award went to three anonymous individuals, each of whom will receive five per cent of the monetary sanctions ultimately collected in a case against hedge-fund manager Locust Offshore Management and its chief executive officer, Andrey Hicks, who allegedly defrauded investors of $2.7m (£1.7m), and who have been ordered to pay $7.5m in disgorgement and penalties.
Significant narrative reporting requirements have been introduced in the draft of the 2006 (Strategic Report and Directors’ Report) Regulations 2013.
The Supreme Court has issued its decision in FTC v Actavis on the antitrust analysis of reverse-payment settlements of Hatch-Waxman Act litigation.
Conflicts between domestic disclosure obligations and foreign illegality — a Hong Kong law perspectivedownload
This article explores this issue from the perspective of various disclosure obligations that may arise under Hong Kong law.
R&D capital allowancesdownload
R&D capital allowances (formerly scientific research allowances) are available for qualifying capital expenditure incurred for research and development.
Over the past four years, China has strongly intensified its efforts to promote the internationalisation of the RMB (CNY).
This case considered when it is appropriate for civil proceedings to be stayed where there is a possibility of criminal prosecution relating to the same subject matter.
The Court of Appeal has confirmed that the ‘business common-sense’ approach to contractual interpretation is neither an overriding principle of construction nor a licence for one party to say that a contract means what amounts to ‘good business sense’ to that party.
The Banking & Finance Litigation Update covers current developments affecting DLA Piper’s area of practice and its clients during the preceding month.
This article describes some key points about the Realisation Procedure.
ASIC has finalised its amended regulatory guidance on the content requirements for registered managed investment schemes.
An editorial in The Wall Street Journal has strongly blasted CFTC chairman Gary Gensler for attempting to regulate even foreign transactions that involve a US person.
Newsletter on business affairs in Bermuda, covering private equity, Islamic finance and the rise of the insurance-linked securities market.
A mortgage is a form of loan that transfers ownership of a home (or other real estate) from a borrower to a lender (usually a bank).
There has been a growing appetite in the UK for increased transparency and accountability in the investigation and prosecution of corporate financial crime for some time.
A new version of the Equator Principles came into effect on 4 June 2013. EPIII imposes new requirements on financial institutions and export credit agencies.
Finance Offshore — spring 2013download
The spring 2013 issue of Appleby’s Finance Offshore publication is available now.
The need for transparency in terms of a charity’s activities and finances has always been crucial to ensure public accountability.
The Companies and Business Names etc Bill 2012 has recently received its third reading in the Legislative Council.
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