Dacheng becomes Chinese pioneer with Moscow office

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Latest Briefings

Blockchain and Cryptocurrency Regulation 2019

Bermuda Government attitude and definition The current Bermuda government was elected in 2017 having undertaken to create new economic pillars in Bermuda, identify new opportunities for economic diversification, and seek local and overseas investment to develop new local industry and thereby create jobs in Bermuda. Since its election, it has enthusiastically embraced the financial technology […]

Mongolia – Trademark Protection

By Bolormaa Volodya The exclusive rights of the trademark holder will be granted or entitled when the trademark is officially registered with the General authority of Intellectual property and trademark certificate is issued. “Trademark” means distinctive expression used by an individual or a legal entity, engaged in manufacturing of goods or the provision of services, in […]

Kazakhstan – Agricultural business and opportunities for Islamic finance

By Shaimerden Chikanayev Agriculture is one of the most attractive sectors of Kazakhstan’s economy. Kazakhstan has approximately 24 million hectares of arable land and 188 million hectares of pasture. More than 74% of the country’s territory is suitable for agricultural production. More than 42% of Kazakhstan’s population live in the countryside and about 20% of all […]

Dutch tax regime: confirmation of EU ‘per-element approach’

The Supreme Court rendered its judgement in two cases regarding the “per-element approach” to the Dutch tax consolidation regime (fiscal unity). The cases concern: a Dutch interest deduction limitation rule, and; the (non-)deductibility of currency losses on certain participations. On 8 July 2016, the Supreme Court raised preliminary questions to the Court of Justice of the […]

Brazilian democracy and election changes

By Ricardo Junqueiro Getúlio Vargas once said that Brazil fears nothing in the present, prides itself on the past and relies serenely on the future. It is very doubtful that the phrase maintains any type of actuality in the days that run. Neither does the present allow us to dispel fears (on the contrary). Not even the […]

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Tax position of non-taxable representative offices of foreign companies in Ukraine

Representative offices of foreign companies in Ukraine have historically been a favourite target of the Ukrainian tax authorities. Based on the fiscal interpretation of Ukraine’s tax code, the tax authorities attempt to tax financing from the head company in the hands of the representative office even if the latter should not constitute a permanent establishment […]

Major move forward for the state aid regime

As part of its ongoing State Aid Modernisation initiative, the European Commission recently published amendments to the state aid Enabling Regulation (Council Regulation 994/98) and the state aid Procedural Regulation (Council Regulation 659/99) in the Official Journal. These amended Regulations both came into force on 20 August 2013. The Enabling Regulation gives the commission power […]

Whistleblowing protection (employment)

Now that employees usually need more than two years’ service before they are able to claim unfair dismissal, they often look for other potential claims to bring against their employer if the relationship ends on a sour note. Whistleblowing is one of those potential avenues as no period of qualifying service is required. Employers would […]

Procurement Directives update

The suite of new Procurement Directives dealing with public contracts and utilities and concessions is the subject of increasing activity in Brussels as the process of enactment gathers momentum.  The updated date predicted for enactment at EU level is December 2013. There will then be a period of time during which the Cabinet Office will produce the […]

Hong Kong
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HSF loses Hong Kong disputes boss to Linklaters

Herbert Smith Freehills’ (HSF) Asia disputes head Gavin Lewis is set to leave the firm for Linklaters. It is not known when Lewis, who will remain in Hong Kong, will join the magic circle firm. He has been based in Hong Kong since 1998, having joined legacy Herbert Smith’s London base in 1996. He spent […]

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