More than a decade ago, UNESCO conducted a study about the perceived value of time in cultures as diverse as Sub-Saharan Africa and the urban environs of New York City. Despite significant differences in climate, traditions, lifestyle, and income there was one constant: those observed consistently placed a higher value on their time than they […]
Exchange Provides Further Guidance on Issuers’ Significant Distributions of Unlisted Assets The Hong Kong Stock Exchange (the Exchange) recently updated listing decision HKEx-LD75-4 on the issue of whether a distribution by a listed issuer (Company A) of shares in its subsidiary (Subsidiary B) to Company A’s shareholders was a transaction for the purposes of the Notifiable Transactions or […]
Exchange Provides Further Guidance on Issuers’ Significant Distributions of Unlisted Assets The Hong Kong Stock Exchange (the Exchange) recently updated listing decision HKEx-LD75-4 on the issue of whether a distribution by a listed issuer (Company A) of shares in its subsidiary (Subsidiary B) to Company A’s shareholders was a transaction for the purposes of the Notifiable Transactions or […]
Suitability Requirement to Become Mandatory Provision of Hong Kong Client Agreements under SFC Code Amendments Introduction The Securities and Futures Commission (SFC) published its Consultation Conclusions on the Client Agreement Requirements (the Consultation Conclusions) on 8 December 2015. After extensive consultation, the SFC has published a new clause which intermediaries are required to include in […]
The general rule, where an offshore company is subject to the law of the country where its managementtakes place and not to the law of country of incorporation, does not apply in case of maritimeoffshore companies provided an offshore corporation is: lOwner of a vessel flying the Greek flaglManager of Greek flag vessels l Established […]
According to a judgment of the OLG Düsseldorf (Higher Regional Court of Düsseldorf), a company is allowed to use the expression “test winner” in its advertising even if it has to share this distinction with other competitors (I-15 U 24/15). GRP Rainer Lawyers and Tax Advisors in Cologne, Berlin, Bonn, Düsseldorf, Frankfurt, Hamburg, […]
In the field of employment law, refusing to work, including refusing overtime, can justify termination of the employment contract. That was the decision of the LAG [Landesarbeitsgericht] Mecklenburg-Vorpommern (Regional Labour Court of Mecklenburg-Western Pomerania) (Az.: 5 TaBV 7/14). GRP Rainer Lawyers and Tax Advisors in Cologne, Berlin, Bonn, Düsseldorf, Frankfurt, Hamburg, Munich, Stuttgart and […]
On 17 November 2015 the NSW Government passed the Conveyancing Amendment (Sunset Clauses) Act 2015 to provide further protections for purchasers in off the plan property contracts in New South Wales. This Act inserts a new Division 10 into the Conveyancing Act 1919 entitled “Off the plan contracts”. An ‘off the plan’ contract is a […]
Directive 2013/34/EU of the European Parliament and of the Council (the “Directive”), which was published in the EU Official Journal on June 29th 2013, repealed the fourth and seventh accounting directives dealing with the preparation of separate and consolidated accounts. Legal Notice 289 of 2015, under the name of ‘Accountancy Profession (General Accounting Principles for […]
Recently a potential client visited my office to ask me to consider taking on a fairly complex matter involving numerous parties, claims, and counterclaims, litigation arising in the Alabama courts which might have expanded to other states or forums. The person’s former counsel had been forced to withdraw because of a conflict which arose after […]
The Luxembourg government approved on December 4, 2015 the bill of law creating the “reserved alternative investment funds (RAIF)”, adding thereby a new powerful tool to the already rich offer of funds regimes Luxembourg offers to Fund managers and investors. The RAIF shall mirror the current and successful regimes of the Specialised Investment Funds (SIF) […]
IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Flávio Gonzaga Bellegarde Nunes of Flávio Gonzaga Advogados. Flávio has joined IR as our exclusive Real Estate Member in Brazil. Flávio Gonzaga Advogados is committed with its individual and corporate clients by providing them first-class, agile, proactive and tailor-made services. The firm offers legal […]