Simcocks
The use of trusts in wealth management and estate planning means transferring legal control of trust assets to a third party, namely the trustee of the trust.
SyCip Salazar Hernandez & Gatmaitan
This is a bulletin on Securities and Exchange Commission Memorandum Circular No. 01, series of 2021, entitled Guidelines in Preventing the Misuse of Corporations for Illicit Activities through Measures Designed to Promote .
Walkers
What operational steps need to be considered to meet the economic substance test? The regulatory team at Walkers Professional Services have the answer.
Kinanis LLC
On the 12th of March 2021, the Registrar of Companies and Official Receiver (the Registrar ) pursuant to Article 61A of the Prevention and Suppression of Money Laundering and Terrorist Financing.
Introduction
The freedom of establishment, one of the fundamental principles
of Union law, allows for the mobility of businesses within the EU.
Up until the entry into force on the 1st of January 2020 of the new
Directive (EU) 2019/2121 on cross-border conversions, mergers and
divisions (hereafter the 2019 Directive ) one could
argue that the harmonisation of the European company law system was
sluggish and behind.
The 2017 Directive on Certain Aspects of Company law with
respect to matters of cross border company mobility dealt primarily
with rules concerning only cross-border mergers with few safeguards
for members, creditors and employees, provided only for domestic
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For many public corporations, employee stock options have
historically represented the holy grail of equity-based
employee compensation. While providing an opportunity for employees
to share in their employer s growth in a way similar to
shareholders, stock options have also offered tax preferential
treatment from the employee s perspective. Here we focus on
legislative proposals which will fundamentally alter this tax
treatment for certain options granted by large public corporations
(having consolidated annual revenues above $500 million) after June
30, 2021. The legislative proposals were released as part of the
On 25 November 2020 the EC published a Proposal for a Regulation on European data governance, part of a set of measures related to the European data strategy that aims at making the EU a leader in a data-driven society.
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With an increasing number of businesses across all sectors
facing significant ongoing loss arising out of measures imposed in
connection with COVID-19, insolvency will unfortunately be
inevitable for some. Directors of insolvent companies are
advised to take immediate steps to review any prospect of survival,
and accordingly, consider the process of Examinership in this
jurisdiction.
Examinership is the process whereby an insolvent company is
placed in the protection of the Court to assist with its survival.
Where a company is, or is likely to be, unable to pay its