log in
Submit an Article | Back

Member Articles

Selected Filters:
Practice Industry: Crossborder Trade & Investment

Sort By Title  |  Sort By Date

Foreign Investment Review - A Warning in the Time of COVID-19
Lawson Lundell LLP, May 2020

The Canadian government, concerned about the impact of COVID-19 on corporate valuations, has issued guidance that it will pay particular attention to foreign direct investments of any value (meaning, even investments that are not subject to review under the Investment Canada Act (the “ICA”)).  The government’s announcement does not amend the ICA, nor any thresholds for review...

Anti-BEPS Package Law of Ukraine: Key Takeaways
Asters, May 2020

Following the global trend for tax transparency and fighting harmful tax practices, Ukraine finally adopted its ownanti-BEPS package law, known by businesses and tax practitioners as "tax bill 1210". Asters selected the key takeaways for businesses operating across the borders. The law is in effect starting from 23 May 2020 with some provisions taking effect later. I...

Amendment to New Regulation on Maritime Concessions: Inclusion of Electronic Administrative Procedure as of June 2020
Carey, May 2020

I. Background On March 4, 2020, Supreme Decree (the “SD”) Nr. 183, issued by the Ministry of National Defense, Undersecretary for the Armed Forces, was published in the Official Gazette (the “Amendment”), which amended SD Nr. 9, the New Regulation on Maritime Concessions (the “New Regulation”), which in turn substituted the previous regulation contained in SD Nr. 2 of 2005, issued by the former Undersecretary of Navy.   II...

Post-Covid, Foreign Investment Rules Tighten
Bradley Arant Boult Cummings LLP, May 2020

The last two years have seen an expansion of regulations related to Foreign Direct Investment (FDI), both in the United States and abroad. COVID-19 is driving further expansion of FDI in the U.S. and elsewhere. Owners and investors need to know — expansion of regulations gaps closed in national security reviews new inclusion of medical supplies and food non-controlling investments also scrutinized Whether by intent or coincidence, the U.S...

Revised Measures in Response to COVID-19: Sterilisation and Opening Timings and an Updated List of Violations and Fines
Afridi & Angell, May 2020

On 18 May 2020, the UAE government announced the following timings with effect from today, 20 May 2020: the National Disinfection Programme will take place between 08:00pm (not 10:00pm) to 06:00am the following day. working hours of butchers, mills and cafes will be from 06:00am to 08:00pm. commercial centres and malls will be open from 09:00am to 07:00pm (with new opening hours to be announced after the upcoming Eid...

Vietnam Legal Update: Notification Guidelines Released
DFDL, May 2020

The Vietnam Competition and Consumer Authority has released several documents related to the merger notification regime that was effectively implemented on 15 May 2020, the effective date of Decree 35. As the National Competition Committee has not yet been appointed, the documents clarify that, in accordance with its responsibility under Article 7...

The ADGM Companies Regulations 2020
Afridi & Angell, May 2020

The Abu Dhabi Global Market has announced amendments to its Companies Regulations. The Companies Regulations 2020 (2020 Regulations) repeal the Companies Regulations 2015 (as amended). We have summarised below the key changes under the 2020 Regulations...

DMCC Employment Guidelines during the COVID-19 Precautionary Measures Period
Afridi & Angell, May 2020

The DMCC Authority recently passed DMCC Guidelines 1 of 2020 (DMCC Guidelines) setting out what actions DMCC employers can take with respect to their employees during the COVID-19 Precautionary Measures Period. DMCC entities can: • Request employees to work remotely and implement means to monitor them (without infringing their privacy). Working remotely does not however apply to key employees working in Vital Industries...

U.S. Government Issues Updated Sanctions Warning to Maritime Shipping Community; Recommends Best Practices to Mitigate Risk
Lowenstein Sandler LLP, May 2020

On May 14, 2020, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC), the Department of State, and the U.S. Coast Guard issued a Sanctions Advisory for the Maritime Industry, Energy and Metals Sectors, and Related Communities, reflecting increased scrutiny and enforcement attention by U.S. government agencies on curbing illicit shipping practices...

Compensation Bonus for Certain Shareholders in Limited Liability Companies - Covid-19
Kocian Solc Balastik, May 2020

On Monday, 4 May 2020, the government submitted an amendment to the Compensation Bonus Act to the Chamber of Deputies. The amendment should support, in addition to self-employed individuals (sole proprietors), certain shareholders in limited liability companies. This article provides details on the requirements, forms of application, and the amount of compensation...

Czech Government Approves the Abolition of Real Estate Acquisition Tax UPDATE
Kocian Solc Balastik, May 2020

At its meeting on April 30, 2020, the government approved the abolition of the 4% real estate acquisition tax and related changes in the Income Tax Act. The content of the proposal of the Ministry of Finance is described below. However, there are likely to be some adjustments to this wording as a result of the coalition agreement. According to the media, the change should concern the maintenance of the tax deduction of interest on real estate acquired until the end of 2021...

Update: Current Business Trips to the Czech Republic during Covid-19 - Under what Conditions?
Kocian Solc Balastik, May 2020

The government has started to announce the dismantling of certain Covid19 measures and from Monday, April 27, 2020, it now allows business trips for foreigners to the Czech Republic, in respect of which business people were mounting pressure therefore. However, it set out a number of conditions and rules, which are further modified. The original Government Crisis Measure No. 443 was repealed on 1 May 2020 and replaced by Government Crisis Measure No. 495...

European Commission Guidelines on Mobile Applications to Combat COVID-19
Kocian Solc Balastik, May 2020

The European Commission recently issued guidelines on mobile applications supporting the fight against COVID-19 in relation to data protection. Mobile applications commonly installed on smartphones can act as a support mechanism for health authorities at the national and EU level in monitoring and managing the ongoing COVID-19 pandemic and are particularly important in easing measures to reduce the spread of the disease...

Covid-19 Measures:Price Moratorium on Rent from Apartments - Rents Cannot be Increased!
Kocian Solc Balastik, May 2020

Price moratorium on rent from apartments - rents cannot be increased! On 24 April 2020, a moratorium on rental prices of apartments, issued by the Ministry of Finance (“MF”) came into force, which was adopted in the form of Government Decree No. 202/2020 Coll. This is a protective measure for tenants, which stipulates that the rent for an apartment cannot be increased for a limited period of time. This price moratorium is related also to Act No. 209/2020 Coll...

Czech State of Emergency to Continue until 17 May 2020.
Kocian Solc Balastik, May 2020

The state of emergency in the Czech Republic was extended until May 17, 2020. What does this mean?   At its meeting held on 28 April 2020, the Chamber of Deputies decided to extend the state of emergency until 17 May 2020. By Resolution No. 194 (published in the Collection of Laws under No...

Urgent Overseas Investment Law Changes Announced in Response to COVID-19
MinterEllisonRuddWatts, May 2020

The New Zealand Government has announced that it is further amending the Overseas Investment Act 2005 (Act) in order to protect key New Zealand assets as the economy recovers from the COVID-19 pandemic...

New EU Rules to Protect Strategic Companies
Gianni, Origoni, Grippo, Cappelli & Partners, May 2020

“We continue to work closely with Member States to ensure that European businesses have access to urgently needed liquidity”, said the vice-president of the European Commission (“Commission”) Margrethe Vestager in connection with the amendment to the Temporary Framework on State aid adopted on 8 May 2020...

New Measures Implemented by the UAE Authorities in Response to COVID-19 [7 May 2020]
Afridi & Angell, May 2020

Below is a summary of key new measures that have been implemented by various UAE authorities since 30 April 2020 and the time of this inBrief, 12:00 noon on Thursday, 7 May 2020.   I. Economic Relief Measures A...

Cross-Border Tax-Related COVID-19 Relief
Patterson Belknap Webb & Tyler LLP, May 2020

On April 21, 2020, the IRS released a much-awaited package of guidance in the cross-border tax space that provides relief to those impacted by the COVID-19 pandemic. The guidance relates to (1) day-counting for both tax residency purposes and certain treaty positions, (2) the ability of taxpayers to claim the foreign-earned income exclusion, and (3) carrying on a U.S. trade or business...

Section 301 Tariff Update: USTR Now Accepting List 3 Exclusion Extension Comments
Lowenstein Sandler LLP, May 2020

The Office of the United States Trade Representative (USTR) is now accepting comments regarding the possible extension of List 3 product exclusions that are set to expire on August 7. Companies are invited to submit comments on whether particular List 3 product exclusions granted between August 2019 and March should be extended. (USTR is not currently considering the extension of List 3 product exclusions granted after March...

COVID-19: The European Commission issues Guidance on the use of the FDI Screening Regulation
Chrysostomides Advocates and Legal Consultants, May 2020

The Commission has for some time now been focusing on acquisitions of EU companies active in critical industries, especially those that are State-owned, by non-EU companies. In order to control them, it has adopted a foreign direct investment (“FDI”) screening coordination mechanism by virtue of Regulation (EU) 2019/452 of the European Parliament and of the Council of 19 March 2019 (“FDI Screening Regulation”)...

New Temporary Measures Implemented by the National Institute of Industrial Property (CLPTO) due to National Pandemic Contingency for COVID-19
Carey, May 2020

On April 30, 2020, the CLPTO announced the temporary application of new measures issued in relation to deadlines, procedures and legal requirements in administrative and contentious processes, with the aim of facilitating the compliance of legal obligations by applicants and users. Previously, the CLPTO had granted ex officio, through the Exempt Resolution No...

DMCC: Expanding the Scope of a Service License
Afridi & Angell, May 2020

A DMCC licensed company holding a valid service license (with one or more of the Eligible Service Activities (identified below)) can apply to the DMCC for a no objection certificate (NOC) to operate/conduct business onshore (i.e. in mainland Dubai outside of the boundaries of the DMCC free zone). The NOC, in itself, is not sufficient to operate onshore. The applicant company will also be required to obtain a permit from the local licensing authority (i.e...

New Measures Implemented by the UAE Authorities in Response to COVID-19 [1 May 2020]
Afridi & Angell, May 2020

Below is a summary of key new measures that have been implemented by various UAE authorities since 25 April 2020 and the time of this inBrief, 6:00 p.m. on Thursday, 30 April 2020.I. Economic Relief MeasuresA. Abu Dhabi Global Market (ADGM) announces further incentives to support businessesOn 29 April 2020 the ADGM Registration Authority enacted incentives for new businesses, aimed at supporting the establishment of their operations amid the COVID-19 pandemic...

Foreign Investments from Third Countries. A Change in the European Optics?
Nestor Nestor Diculescu Kingston Petersen, April 2020

The Covid-19 pandemic situation has emerged as more than just a healthcare crisis. Accordingly, the focus is to address and anticipate at the same time the economic and social implications which are still at an early stage. What we are rapidly starting to acknowledge is that the circumstances created by the pandemic have revealed legislative gaps and vulnerabilities, which need to be addressed in order to avoid further negative impacts to the extent possible...

 

 

WSG's members are independent firms and are not affiliated in the joint practice of professional services. Each member exercises its own individual judgments on all client matters.

HOME | SITE MAP | GLANCE | PRIVACY POLICY | DISCLAIMER |  © World Services Group, 2020