As of 31 December 2018, the Central Registry of Ultimate Beneficial Owners was established within the Serbian Business Registers Agency (the “Registry”), in line with the Law on Ultimate Beneficial Owners (“Official Gazette of the RoS no. 41/2018). In addition, the Ministry of Economy issued guidelines which provide more information on the implementation of certain aspects of this Law […]
By Branimir Rajšić The Serbian National Assembly passed amendments to the tax laws, introducing incentives for the IT sector, tax exemptions for the transfer of property under concession agreements and tax exemptions related to income from employee share plans. Additionally, the new Law on Fees for the Usage of Public Goods Governing the Payment of Fees […]
The new Law on Personal Income Tax (“PIT Law”), applicable from 01 January 2019, abandons the “flat” tax rate and introduces progressive taxation. Besides the tax rate at 10%, the new PIT Law envisages a tax rate at 18% and 15%, applicable to different types of income. On 24 December 2018, the Assembly of the […]
On 17 December 2018 the European Commission fined the clothing company Guess in the amount of EUR 39.8 million for restricting retailers from online advertising and selling cross-border to consumers in other Member States – i.e. “geoblocking”. The Commission’s announcement of its fining decision complements the Regulation 2018/302 on unjustified geo-blocking (the “Regulation”), which came […]
The Government of the Republic of Serbia extended the validity of the Decree on Incentive Measures for the Production of Electric Energy from Renewable Energy Sources and High-efficiency Cogeneration of Electric Energy and Thermal Energy (Decree) until the end of 2019. It was initially valid until the end of 2018. This means that new wind […]
In B and C v Virtue Trustees (Switzerland) AG and Ors re The C Trust JCA219the Court of Appeal considered the rectification of the terms of a Jersey law declaration of trust known as the C Trust (the Trust). This was the first occasion that the Court of Appeal had considered the rectification of trusts in […]
On 1 January 2019, amendments to the Resolution of the Government of the Russian Federation No. 102 of 05.02.2015 that provides for restrictions and conditions for the admission of certain types of medical devices originating from foreign countries for the purpose of procurement for state and municipal needs (“Resolution No. 102”). And the Resolution of […]
By Jocelyn S Paulley, David E Brennan The UK’s brand new Centre for Data Ethics and Innovation has officially launched, implementing part of the Sector Deal for AI and Data in the government’s Industrial Strategy. The Centre will advise the government on how the UK can maximise the benefits of data-enabled technologies, including artificial intelligence.
By Craig J. Stehr, André Poulin-Denis The Employment Standards Act, 2000 (ESA) requires that employers in Ontario display a poster published by the Ministry of Labour. The poster provides information about employee rights and obligations under the ESA and its regulations, and is periodically updated. Recently, the Ministry published a new eighth version of the poster, which is available […]
By Sinead Kelly Ever had to deal with a toxic work environment? Being undermined? A lack of support? Working to tight deadlines under pressure? One can only assume this would resonate quite strongly with Theresa May at present. In a wider context however, these issues are of course all factors which can lead to workplace stress.
Big Four accountancy firm KPMG has extended its legal services network to Hong Kong, targeting a headcount of 20 lawyers for its newly-established legal outfit in the region. The new firm called SF Lawyers is being set up by former Harneys counsel Shirley Fu, who started her professional services career with KPMG back in Australia in 2004. […]
Gowling WLG’s Monaco office has been acquired by an advisory firm, nearly two decades after legacy firm Lawrence Graham launched private client-focused operations in the principality. The office has been acquired by advisory firm Maitland, with the new entity being renamed as Maitland Advisory (Monaco). It will be led by former Gowling partner Peter Walford, who will now […]
Litigation boutique Signature has launched its second overseas office with two lawyers from Hogan Lovells, including its former head of Paris disputes. The firm has hired Hogan Lovells partner Thomas Rouhette to establish a three-partner site in the French capital. Rouhette had been head of litigation at the international firm and is joined by Hogan […]
Fieldfisher has debuted a new firm that will focus exclusively on the hedge fund market and work with businesses in the alternative investment management area. Located at 1 Mayfair Place, a hedge fund hub, specialist firm Cummings Fisher has been launched to deal with derivatives and investment funds and will be helmed by Claire Cummings, […]
Reed Smith’s head of private equity real estate, Oliver s’Jacob has left to join US counterpart Morrison & Foerster as its first real estate partner in London. s’Jacob becomes MoFo’s first and only real estate partner in London, following on from the arrival in late 2017 of partner Florian Ehrich, who joined to build out the real […]
In what has already been a busy January for Kirkland & Ellis‘s City operations, the firm is gearing up to hire another new lateral from Weil Gotshal & Manges. The Lawyer understands that Weil’s most senior tax lawyer in London, David Irvine, has resigned for Kirkland. Irvine started his career at Deloitte in Australia as a tax […]