Related briefings

Israel: Amendments to pension insurance allocation rules

After about a year of uncertainty about the pension insurance allocation ratios, the matter has now been resolved. A collective agreement has been signed between the Presidium of Israeli Business Organisations and the Histadrut Federation of Labour, which regulates the increase in the ratios of both the employee’s contribution and the employer’s contribution to the pension component in […]

Israel: Amendment of the Income Tax Ordinance

An amendment to the Income Tax Ordinance that was recently enacted obligates financial institutions to identify the residency and citizenship of their foreign account holders. The financial institutions are required to report the information to the Israel Tax Authority, so that the ITA can then relay that information to the relevant foreign tax authority. Consequently, provisions of the […]

Reverse vesting and holdback – good news for entrepreneurs?

In the world of high tech and Israeli tax there has been some uncertainty as to whether entrepreneurs, whose shares are subject to a reverse vesting mechanism or a holdback upon their sale, should be paying income or capital gains tax. Earlier this month the Israel Tax Authority published a draft circular presenting its position […]

Israel: reverse vesting and holdback – good news for entrepreneurs?

Originally printed in The Times of Israel BY ARIELLA DREYFUSS “In this world nothing can be said to be certain, except death and taxes.” Benjamin Franklin strikes again. However, in the world of high tech and Israeli tax there has been some uncertainty as to whether entrepreneurs, whose shares are subject to a reverse vesting mechanism […]

Israel: foreign construction companies get green light

In March 2016 the government adopted the housing cabinet’s recommendations regarding criteria for allowing foreign construction companies to begin operating in Israel. This move is one of the government’s strategies for increasing the volume of residential construction in Israel. The government decided, inter alia, to publish a federal RFP (request for proposal), containing the threshold requirements […]

Latest Briefings

Coronavirus Update: Working From Home (again)

A government campaign was launched in early August to actively encourage employees to return to the workplace in an attempt to boost the wider economy and revitalise city centres that had been left empty after months of lockdown. However, within two months, the pandemic appears to have taken a turn for the worse and the government announced yesterday that once again people should work from home wherever possible.

Ukraine relaunches privatisation

September 2020 – Yesterday, 22 September, the President of Ukraine signed the Law which amends the Law of Ukraine “On privatisation of state and communal property” (the “Law”), introduces parliamentary control over the privatisation of state property and “unfreezes” the preparatory procedures to privatise large-scale state-owned objects. The Law was adopted by the Ukrainian parliament on 8 September 2020 and will become effective after its official publication.

Cyprus introduces film production incentives

Producers and media companies are invited to utilise the Cyprus landscape and infrastructure and enjoy a variety of legal, corporate and tax incentives for filming in Cyprus under the new Cyprus Filming Scheme.

Legal guide to pre-enforcement steps under Jersey and Guernsey law

The temporary Covid-19 protections offered by the UK government to businesses to prevent them from being subject to winding up petitions or wrongful trading actions are currently due to expire at the end of September (although an extension is very possible).

Recommended

Former A&O senior partner Hepkema named in Brazilian corruption probe

Former Allen & Overy (A&O) Dutch senior partner Sietze Hepkema has been charged by the Brazilian Public Prosecutor’s Office (MPF) in relation to a probe into contracts between Petrobras and the Dutch company SBM Offshore. Hepkema joined SBM Offshore in 2012 as chief governance and compliance officer, tasked with overseeing an investigation into alleged bribery […]

Walder Wyss opens offices in Geneva and Lausanne

As of 1 January 2016, our team has been strengthened by a dozen qualified Swiss lawyers who joined Walder Wyss in our new offices in Geneva and Lausanne. We are excited about this move and welcome our new colleagues. Our new partners in Geneva and Lausanne are Philippe Pulfer, Patrick W. Vogel and Nicolas Iynedjian. The team in Geneva […]

Conyers advises Binhai Investment Company on issuance of bonds

Conyers Dill & Pearman has provided Bermuda legal advice to Binhai Investment Company Ltd in connection with the issue of $200m 3.25 per cent bonds due 2018. Anna Chong of Conyers’ Hong Kong office advised on the matter working alongside King & Wood Mallesons and Clifford Chance.

Shoosmiths Manchester completes first deal for NorthEdge Capital

The corporate team from the Manchester office of national law-firm, Shoosmiths has advised private equity firm, NorthEdge Capital (NorthEdge), on its investment into TKC, a Greater Manchester-based kitchen trade supplier. The investment was used to back a management buyout of TKC and to secure a majority stake in the £19m-turnover business for NorthEdge. This is […]

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