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Any parent company that has established, purchased or otherwise
acquired a subsidiary must look very carefully at whether the costs
it incurs on an ongoing basis in holding the subsidiary can be
claimed as tax-deductible expenses.
The Income Tax Act is relatively strict on this issue and,
unfortunately, in many respects quite ambiguous. First, it should
be remembered that when talking about the relationship between the
parent company and the subsidiary in the context of the Income Tax
Act, we must rely on the definition of that relationship in the
This article provides a summary of recent Delaware decisions on the permissible scope of shareholder books and records demands pursuant to Section 220 of the Delaware General Corporation Law.
Background
The First Instance Circuit of the Civil and Commercial Court of
the Qatar Financial Centre (“QFC Court”) released a
Note on Ruling (“Note”) on 17 March 2021, regarding a
judgement it rendered on 21 February 2021.
The Note did not include any details pertaining to the merits of
the dispute, however, the part released is quite remarkable,
especially for anyone engaged in business activities in Qatar, as
the QFC Court found that a dispute relating to an arbitration
between two non-QFC companies fell within the scope of its
jurisdiction.
The Qatar Financial Centre (“QFC”) was launched in
2005 to attract foreign investors. Of the incentives it provides,
On the 29th of April, 2021, the Central Bank of Nigeria (" CBN"), the apex regulatory body for banks and other financial institutions in Nigeria created under the CBN Act 2007 ("CBN Act").
Prologue
Startups are young companies that are founded to develop a
unique product or service and bring it to the market. In recent
years on the African Continent, several startups have been making
positive impact in their communities leading to several countries
enacting or planning to implement a Startup Act. So, a pertinent
question is, should Nigeria jump on the Startup Act
bandwagon ?
In this article, we will examine this question by; understanding
what Startup Acts are, exploring the reasons why countries
are trying to implement this peculiar legislation, and explore
alternative pathways that can adopt be adopted, and finally