Moody’s Fined HK$11 million over Red Flags Report on Chinese Companies

SFAT Reprimands and Fines Moody’s HK$11 million over Red Flags Report on Chinese Companies The Securities and Futures Appeals Tribunal (SFAT or the Tribunal) has upheld a disciplinary action brought by the Securities and Futures Commission (SFC) against Moody’s Investors Service Hong Kong Limited (Moody’s). However, not all the SFC’s claims were upheld and the […]

Julia CharltonPartner, Charltons

Mind the Transfer Prices

Last year, the Financial Administration intensified their efforts to tax evasion based on sharp practices connected with transfer prices; the FA officials inspected approximately 800 tax subjects, which meant an increase by almost 40% in comparison with 2014, and additionally assessed taxes totalling CZK 450m. As can be surmised, further actions following this pattern may […]

Šárka GregorováPartner, Schaffer & Partner

VAT Rule Changes for UK Wholesale Telecommunications Supplies

VAT Reverse Charge Mechanism to apply to Certain Wholesale Supplies from 1st February 2016 Certain UK clients have asked me to explain the VAT rule changes for UK wholesale telecommunications supplies, and hopefully this blog will do that.  From 1st February 2016, providers of wholesale telecommunications services in the UK will no longer apply VAT […]

Katherine EvansSenior Partner, Mirkwood Evans Vincent

Prohibited advertising directed at children

Children are an interesting target audience in the field of advertising. That being said, it is important for businesses to be careful not to infringe Germany’s Gesetz gegen den unlauteren Wettbewerb (Unfair Competition Act).   GRP Rainer Lawyers and Tax Advisors in Cologne, Berlin, Bonn, Düsseldorf, Frankfurt, Hamburg, Munich, Stuttgart and London conclude: Computer games, […]

Michael RainerManaging Partner, MTR Rechtsanwälte

German Federal Supreme Court: Publishers are not entitled to 50% of monies distributed by collecting society to rights holders

The German Federal Supreme Court today put an end to a collective distribution practice established for decades. The defendant, collecting society VG Wort, collects amongst others the copyright levies for private copying. Distributions are split 50/50 between the respective authors (of literary works) and their publishers. The Court held that distributing this share to publishers […]

Dr. Ulrich ReberPartner, SKW Schwarz Rechtsanwälte

BAG: Holliday entitlement lapses with death of employee

A ruling of the Arbeitsgericht Berlin (Labour Court of Berlin) is causing a sensation. According to this, heirs can have the holiday entitlement of a deceased employee paid out to them. The Bundesarbeitsgericht (BAG) [Federal Labour Court] came to a different conclusion.   GRP Rainer Lawyers and Tax Advisors in Cologne, Berlin, Bonn, Düsseldorf, Frankfurt, […]

Michael RainerManaging Partner, MTR Rechtsanwälte

Qatar Legal System

The legal system in Qatar witnessed a massive advancement towards modernization. Following is an account of some key legislations. The Constitution The State’s constitution became effective in June 2005.  The Constitution states that Qatar has a democratic political system, and shall preserve its independence, sovereignty, security, safety, stability and integrity of its territory, and that […]

SIMONT BRAUN – DIGITAL FINANCE NEWS: Will banks become the infrastructure of the payments industry?

Simont Braun’s Digital Finance Team has published a newsletter on Third Party Payment Service Providers, their characteristics and the different aspects of data protection.   The real question is whether banks will evolve to the mere infranstructure of the payment industry Please find the the full article on: http://www.simontbraun.eu/images/SB_Digital_Finance_News_-_Third_Party_Payment_Service_Providers_April_2016.pdf