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Related briefings

Brexit - Flag of European Union

Tax Issues around Brexit

Our European tax team recentlydelivered a breakfast seminar exploring the tax issues and challenges posed by the result of the EU Referendum. The team covered a range of issues, including: the European framework, including overview of the EU, EEA, Eurozone and other European groupings; the process of the UK’s withdrawal from the EU; and the […]

India shuts down Mauritius route

Time to rethink investment structures On May 10 the Indian government issued a press release announcing the signing of a protocol to amend the India-Mauritius tax treaty.1 As a result of these amendments, Mauritius tax residents will no longer be exempt from Indian capital gains tax on sales of shares of Indian resident companies that […]

Insurance: new assessment method for GSIIs

The International Association of Insurance Supervisors (“IAIS”) has published its updated assessment methodology for designating global systemically important insurers (“G-SIIs”) (the “Revised Methodology”). As part of the review cycle of the IAIS and following consultations in 2015 the Revised Methodology now comprises five phases and adopts absolute reference values for certain indicators. Additionally, the Revised Methodology incorporates a […]

Outlook in enforcement actions against foreign banks at the new NYDFS

By Matthew L. Biben, Courtney M. Dankworth, Eric R. Dinallo, Mary Beth Hogan, Gregory J. Lyons, David Sarratt, David G. Sewell, Harriet M. Antczak On June 15 Maria Vullo was confirmed as the new Superintendent of the New York State Department of Financial Services (“NYDFS”), solidifying the first permanent change in leadership at the agency. Since the departure last summer of […]

Market abuse regulation: significant new obligations

By James C Scoville, Vera Losonci, Dominic Blaxill, Thomas Matthews A newMarket Abuse Regulation1 (“MAR”) will apply throughout the European Union as of 3 July 2016. The Regulation imposes new obligations on share, debt and depositary receipts (ADR and GDR) issuers listed on the London Stock Exchange (“LSE”) or another EU-regulated market, and also those with securities trading on unregulated exchanges (such […]

Latest Briefings

ICLG: Environment & Climate Change Law 2020 (Cyprus)

By Eleni Neoptolemou, Christina Christodoulou 1. Environmental Policy and its Enforcement 1.1 What is the basis of environmental policy in your jurisdiction and which agencies/bodies administer and enforce environmental law? Following the accession of Cyprus to the European Union in 2004, the environmental policy has been subjected to a fundamental review, in order to be […]

Czech government proposes a seven percent digital services tax

In an attempt to correct an imbalance in taxation caused by the rise of digital services, the Czech government has come up with a proposal for an indirect digital services tax, targeting Internet giants’ profits from user-based online platforms. The proposal is largely based on a rejected draft of an EU “Digital Services Tax” directive […]

Bank ID introduced in the Czech Republic will utilise bank authentication tools to access public administration systems and other online services

Following their introduction in 2009, Data Boxes (in Czech: “datové schránky”) represented the Czech state’s only major foray into the world of e-government services. Another example are ID cards containing an electronic chip, which serve as the only available state-approved means of electronic identification. However, according to Czech Ministry of the Interior data, only a […]

Recommended

Walker Morris helps Ilkley Community Enterprise expand service

Walker Morris has provided pro bono corporate support to local charity, Ilkley Community Enterprise (ICE), to enable it to expand its services to people within the town. ICE provides help and support to adults and young people with learning disabilities, to enable them to lead more independent and fulfilled lives. The charity runs a number of […]

Serbia holds management rights over Air Serbia, EC rules

The European Commission has ended their investigation into the ownership structure of Air Serbia, reaching a conclusion that Serbia indeed holds management rights over its national air carrier. Furthermore, having in mind their minority stake in Air Serbia, Etihad Airways has thus been enabled to operate according to EU standards in Serbia. Karanović & Nikolić […]

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