The impacts of the implementation of the VAT in Kuwait

As for Kuwaiti business projects and Kuwaiti traders, they are not submitted to taxation concerning the income tax resulting from operating of their projects, and they only have to pay the national labor support tax at a rate of 2.5%, Zakat at a rate of 1%, and the Kuwait Foundation for the Advancement of Sciences […]

Read more

Hong Kong ICAC charges 4 individuals with conspiracy to defraud over “backdoor listing” of a listed company and money laundering

On 19 November 2021, Hong Kong’s Independent Commission Against Corruption (the “ICAC”) charged four individuals with conspiracy to defraud The Stock Exchange of Hong Kong Limited (the “HKEX”), Main Board-listed Asia Resources Holdings Limited (“Asia Resources”), and its board of directors and shareholders for concealing or failing to disclose a “backdoor listing” agreement when placing […]

Read more

SFC’s Julia Leung Gives Update on Hong Kong Crypto Regulation

In her keynote address at Hong Kong’s FinTech Week, “Fintech: Metamorphosis of the financial industry”,1 Ms. Julia Leung provided a welcome update on Hong Kong’s regulatory approach to Fintech and the SFC’s latest thinking on Hong Kong crypto regulation. Ms. Leung, the Hong Kong SFC’s Deputy Chief Executive Officer and Executive Director (Intermediaries), noted the […]

Read more

The Mechanism of Financial Deduction of GCC VAT

The value-added tax is characterized as a consumption tax and not a production or commercial tax, that is, it is focused on the person who consumes the goods (the consumer). Despite this, the stages of supply chain operations and the number of traders who trade the commodity before it reaches the consumer cannot be determined, […]

Read more

SFC’s Julia Leung Gives Update on Hong Kong Crypto Regulation

In her keynote address at Hong Kong’s FinTech Week, “Fintech: Metamorphosis of the financial industry”,1 Ms. Julia Leung provided a welcome update on Hong Kong’s regulatory approach to Fintech and the SFC’s latest thinking on Hong Kong crypto regulation. Ms. Leung, the Hong Kong SFC’s Deputy Chief Executive Officer and Executive Director (Intermediaries), noted the […]

Read more

TND Legal: New Brand Identity

Dear Valued Customers, Colleagues and Friends, We are pleased to announce that as of 22 November 2021, our brand identity will officially be changed as part of the ongoing development and evolution of TND Legal. The release of our new brand identity kits marks a big milestone in our development progress. Our new logo maintains […]

Read more

Green pass, between control requirements and risks for the person in charge

On October 15 came into force the obligation under DL No. 127/2021, for employers to check the possession of the Green Pass obtained as a result of vaccination or the negative outcome of an antigenic or molecular swab to all employees, as well as suppliers and consultants called to work within the company. The text […]

Read more

Hong Kong SFC Fines IPO Sponsors for Due Diligence Failures

In October 2021, Hong Kong’s Securities and Futures Commission (SFC) reprimanded and fined two sponsors – Ample Capital Limited (Ample)1 and Yi Shun Da Capital Limited (Yi Shun Da Capital)2 – for their respective breaches of their sponsor due diligence obligations on two separate Hong Kong listing applications. In both cases, the sponsor was found […]

Read more

Hong Kong SFC Fines IPO Sponsors for Due Diligence Failures

In October 2021, Hong Kong’s Securities and Futures Commission (SFC) reprimanded and fined two sponsors – Ample Capital Limited (Ample)1 and Yi Shun Da Capital Limited (Yi Shun Da Capital)2 – for their respective breaches of their sponsor due diligence obligations on two separate Hong Kong listing applications. In both cases, the sponsor was found […]

Read more

“The new Polish Act on Electronic Delivery”

(by Dr. Karol Świtaj) The Polish Act on Electronic Delivery of 18 November 2020 (“Act”) [1] is deemed a new step within the so -called “digital revolution” in providing services and notification between central and local authorities and between those authorities and citizens. Although the Polish legislator has not mentioned this aspect within the grounds […]

Read more

Charltons on behalf of 7 corporate finance firms responds to HKEX SPAC Consultation

The Stock Exchange of Hong Kong (the “HKEX”), released its Consultation Paper on Special Purpose Acquisition Companies1 (the “Consultation Paper”) in September 2021 which invited market participants to submit written responses to the Consultation Paper. Charltons, on behalf of Alliance Capital Partners Limited, Altus Capital Limited, Anglo Chinese Corporate Finance, Limited, Frontpage Capital Limited, Oriental […]

Read more