CNPLaw LLP advised Tech Data on acquisition of Innovix group of companies

CNPLaw LLP advised Tech Data on its acquisition of the Innovix group of companies from the Fortune Global 500-listed Jardine Matheson Group. Headquartered in Hong Kong, Innovix is a leading regional IT distributor with more than 8,000 channel partners in Asia. The acquisition will enhance Tech Data’s vendor portfolio, increase their customer base and strengthen […]

Lisa ThengManaging Partner, CNPLaw LLP

FG Düsseldorf: Demolition of inherited family home may retrospectively give rise to estate tax

The demolition of your parent’s home post-inheritance may lead to a retrospective loss of tax-exempt status. That was the verdict of the Finanzgericht (FG) Düsseldorf – the Fiscal Court of Düsseldorf – in a judgment from January 8, 2020 (Az.: 4 K 3120/18 Erb). Children who inherit real estate from their parents can receive an […]

Michael RainerManaging Partner, MTR Rechtsanwälte

FG Düsseldorf: Demolition of inherited family home may retrospectively give rise to estate tax

The demolition of your parent’s home post-inheritance may lead to a retrospective loss of tax-exempt status. That was the verdict of the Finanzgericht (FG) Düsseldorf – the Fiscal Court of Düsseldorf – in a judgment from January 8, 2020 (Az.: 4 K 3120/18 Erb).   Children who inherit real estate from their parents can receive […]

Michael RainerManaging Partner, MTR Rechtsanwälte

Charltons Responds to HKEX Consultation on Main Board Profit Requirement on behalf of 10 sponsor firms

Charltons responded on 11 January 2021 to the Hong Kong Stock Exchange’s Consultation Paper: The Main Board Profit Requirement (summarised here) on behalf of a group of 10 Hong Kong sponsor firms who are concerned that the proposals to raise the profit requirement for listing by either 150% or 200% will leave many Hong Kong […]

Clinton MorrowPartner, Charltons

Charltons Responds to HKEX Consultation on Main Board Profit Requirement on behalf of 10 sponsor firms

Charltons responded on 11 January 2021 to the Hong Kong Stock Exchange’s Consultation Paper: The Main Board Profit Requirement (summarised here) on behalf of a group of 10 Hong Kong sponsor firms who are concerned that the proposals to raise the profit requirement for listing by either 150% or 200% will leave many Hong Kong […]

Julia CharltonPartner, Charltons

SFC Takeovers Bulletin No. 55 on Takeovers Code Breaches and Regulatory Reminders

The Securities and Futures Commission of Hong Kong (the “SFC”) published Takeovers Bulletin No. 55 in December 2020 (the “SFC Takeovers Bulletin 55”). The SFC Takeovers Bulletin 55 covers recent SFC disciplinary actions for breaches of Rule 26.1 of the Code on Takeovers and Mergers published by the SFC (the “Hong Kong Takeovers Code”) as well as providing […]

Julia CharltonPartner, Charltons

COVID-19 – Rent reduction in response to lockdown

The return to a state of lockdown has hit many businesses and entrepreneurs hard. Meanwhile, the courts are arriving at different conclusions regarding whether government-mandated business closures justify rent reductions. The period in the run up to Christmas saw the metaphorical lights go out in a lot of pedestrian zones and at many businesses, many […]

Michael RainerManaging Partner, MTR Rechtsanwälte

SFC Takeovers Bulletin No. 55 on Takeovers Code Breaches and Regulatory Reminders

The Securities and Futures Commission of Hong Kong (the “SFC”) published Takeovers Bulletin No. 55 in December 2020 (the “SFC Takeovers Bulletin 55”). The SFC Takeovers Bulletin 55 covers recent SFC disciplinary actions for breaches of Rule 26.1 of the Code on Takeovers and Mergers published by the SFC (the “Hong Kong Takeovers Code”) as well as providing […]

Clinton MorrowPartner, Charltons

Transfer of shares from company to private hands not an acquisition

If shares that were acquired prior to 2009 are transferred from company to private hands and later sold, the profits are not to be treated as taxable income from capital investments according to the Finanzgericht (FG) Münster, the Fiscal Court of Münster. On January 1, 2009, a flat rate withholding tax (Abgeltungssteuer) was introduced in […]

Michael RainerManaging Partner, MTR Rechtsanwälte

Slides from the Consumer Laws and Product Liability webinar

On Thursday, 10 December 2020, our co-panellists discussed how legal protections to consumers affect the conduct of business by e-commerce companies in India, businesses in Singapore, the UK and the US. The panel discussed which primary regulatory impediments face these companies and how consumer laws and product liability issues in their jurisdictions affect foreign companies […]

Subramanian PillaiPartner, CNPLaw LLP