The Companies Act (Cap. 50) (“CA”) requires directors of a newly incorporated company to appoint an auditor for the company within 3 months of the company’s incorporation. However, for owners of a new company, the statutory obligation to appoint an auditor may not be practicable if, for instance, a company has been incorporated far in […]
The Stock Exchange of Hong Kong Limited (HKEX) published a potentially far-reaching consultation paper on the Listing Regime for Overseas Issuers1 on 31 March 2021 (the “HKEX Consultation Paper”). The purpose of the HKEX Consultation Paper is to obtain feedback from the market on the HKEX’s proposals to amend the HKEX Listing Rules to streamline […]
The Stock Exchange of Hong Kong Limited (HKEX) published a potentially far-reaching consultation paper on the Listing Regime for Overseas Issuers1 on 31 March 2021 (the “HKEX Consultation Paper”). The purpose of the HKEX Consultation Paper is to obtain feedback from the market on the HKEX’s proposals to amend the HKEX Listing Rules to streamline […]
1. Financial support for Singapore businesses Whether you are planning to start, grow or reinvent your business, an array of Singapore government grants and incentives are available to provide the financial support you need, particularly during the COVID-19 pandemic which has brought about unprecedented business challenges. This article highlights a number of Singapore government grants […]
Following the conclusion of Phase One of the Veritas initiative, on 6 January 2021, the Veritas Consortium (the “Consortium”) published two whitepapers detailing the Fairness, Ethics, Accountability and Transparency (“FEAT”) fairness assessment methodology (the “Methodology”) and its application in the two use cases.[1] This article provides an update on Singapore’s fairness framework for the adoption […]
A Special Purpose Acquisition Company (“SPAC”) is a company incorporated for the purpose of raising capital through an initial public offering (“IPO”). It is a blank-cheque company where the proceeds of the IPO will be used for the purpose of acquiring private companies or assets that are only identified after the IPO. This allows retail […]
The past year has witnessed a huge remote working experiment for many of the world’s businesses and their employees as a result of Covid-19. And, for many, these new working practices have become hugely complex depending on where in the world business owners and employees have suddenly found themselves. Almost overnight, people are in uncertain […]
Issuer: Office of the President Publication details: Special Official Gazette Number 6.617, February 24th, 2021 On February 24th, 2021, Presidential Decree Number 4.445 was published in the Special Official Gazette Number 6.617, whereby the Presidency declares all iron, aluminum, copper, bronze, steel, nickel and other metal waste to be designated as of “strategic importance for […]
The procedure for establishing a Czech limited liability company has become easier after an amendment to the Business Corporations Act since 1 January 2021. If the registered capital does not exceed CZK 20,000, it is not required to open a bank account for its payment. The amendment will help those for whom a company with […]
Good news entrepreneurs eligible for investment incentives With effect from 1 May 2015 an amendment to the Law on Income Tax brought a reduction of sanctions for entrepreneurs who failed to comply with the conditions set out by the investment incentives regulation. Under previous legislation, in such cases the Tax Office was entitled to revoke […]
(by Ph.D. Rafał Kusy)(Second Part) Deferred consumer demand and an export boom will be a driving force for the Polish economy in 2021. In the following years, investments shall be deemed a determinant of economic growth. The predictions of the Organization for Economic Co-operation and Development (OECD) show that activity in the Polish economy, measured […]
On 3 March 2021, the UK Listing Review, chaired by the Rt Hon. Lord Jonathon Hill, published its recommendations for reform of the Listing Rules of the London Stock Exchange1 (the LSE) (the UK Listing Rules). The reforms are aimed at increasing the attractiveness of the UK as a listing venue, particularly for new economy […]