View from Baker McKenzie

US: wealth management professionals beware

May 29 is the deadline for US persons with Interests in foreign businesses to file form BE-10. This is significant for the wealth management industry– particularly US law trusts and individuals in voluntary disclosure. Because BE-10 is not a tax form it applies even to entities that are disregarded for tax purposes. This means, for example, […]

Potential traps for foreign investors in Australian property

Foreign investors in Australian property are subject to legislative requirements at both the Commonwealth and State levels. Currently, these investors satisfy the requirements by: Purchasing the type of property that they are permitted to purchase, depending upon their circumstances, the value and nature of the property, and whether a developer has procured any off-the-plan pre-approvals […]

Doing business in Kazakhstan

  Contents include: Licenses, permits and notification Employment Property rights Product liability…  Click on the link below to read the rest of the Baker & McKenzie briefing.

Doing business in Uzbekistan

Contents include: Foreign Investment in Uzbekistan Currency Regulations  Taxation IP Compliance With Anti-Corruption Regulations…  Click on the link below to read the rest of the Baker & McKenzie briefing.

Building Queensland – a new infrastructure advisory body

The Queensland Government has started the process to establish a new independent statutory advisory body to provide independent advice to the State and government agencies on infrastructure projects and proposals. The Building Queensland Bill was introduced to Parliament on Tuesday 19 May 2015 and has been referred to Committee. An election promise of the Labor […]

Kazakhstan’s new international financial centre

A new international financial center will be created in Astana, with the goal of becoming one of the top 10 financial centers in Asia. The Astana Financial Center will include a new court for financial and investment disputes using English law and the English language. Additionally, the central bank and the Kazakhstan Stock Exchange to […]

Australia: renewable energy target reduced

A bipartisan deal to reduce Australia’s Renewable Energy Target (RET) means 33,000 GWh of large-scale renewable energy generation will be required in Australia by 2020.  For existing projects the reduced RET might have an adverse impact on the cost and availability of any future financing of projects and result in more onerous financial covenants. It […]

Construction: the cladding crisis in Australia

The 25 November 2014 fire at the 23 storey ‘Lacrosse Docklands’ highrise building in Melbourne’s Docklands precinct prompted the release of the Melbourne Metropolitan Fire Brigade’s (MMFB) report (no. 1403134A), which concluded that imported aluminium ‘Alucobest’ cladding “…did not to the degree necessary avoid the spread of fire as required by the Building Code of […]

The five essential elements of corporate compliance

Enforcement authorities across the globe are placing an increased emphasis on robust and risk-based corporate compliance programmes. While the formulation and detail of the guidance issued varies – for example, under the US Sentencing Guidelines, the official guidance relating to the UK Bribery Act, or the Good Practice programme guidelines endorsed by the OECD – […]

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