HK Exchange Provides Further Guidance on Significant Distributions of Unlisted Assets by Listed Issuers

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 […]

HK Exchange Provides Further Guidance on Significant Distributions of Unlisted Assets by Listed Issuers

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

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 […]

OLG Düsseldorf: Advertising with distinction “test winner” permissible

  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, […]

Michael RainerManaging Partner, MTR Rechtsanwälte

Refusing overtime can justify dismissal

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 […]

Michael RainerManaging Partner, MTR Rechtsanwälte

Transposition of Directive Brings About Changes in the Accounting Regime

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 […]

Dr Jonathan De GiovanniPartner | Legal and International Tax, WDM International

Reserved Alternative Investment Funds: Luxembourg about to innovate again

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) […]

Benoît DuvieusartPartner, duvieusart ebel, avocats associés

Flávio Gonzaga Advogados joins IR as the exclusive Real Estate Member in Brazil

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 […]