On April 13 2012, Austria and Switzerland signed a tax treaty regarding cooperation in the areas of tax and financial markets. The Treaty enters into force on January 1 2013
The financial crisis has prompted legislators and supervisory authorities to reconsider their priorities and objectives. In the Netherlands, this has lead to a renewed focus on corporate governance of financial institutions
Konstantinos Gr. Vouterakos Elmina Chadio In 2011, some significant changes to the Athens Exchange (ATHEX) Rulebook have been introduced. These changes will be discussed here together with some recent developments in the Greek Capital Markets.
Christian Temmel The Austrian legislator has recently presented a proposal for the amendment of the Austrian Stock Exchange Act, in particular in order to reflect the changes required due to the implementation of Directive 2010/73/EU. However, some changes of the proposed changes are driven exclusively by national requirements and intentions.
On December 15 2011, the Dutch government released a bill to introduce a bank tax which is expected to enter into force in mid-2012. The stated objectives of the bank tax are to ensure that the banking sector contributes to the costs of stabilisation, to stimulate long-term financing and to discourage excessive bonuses for the board members of Dutch banks.
Listen to the free recording of the web seminar where Morrison & Foerster and the NYU Stern Business school discussed the differences in recovery and resolution plans between Europe and the US
Babette Vos Dutch partnerships, in particular limited partnerships (commanditaire vennootschappen), have traditionally been a preferred option for investors for a variety of reasons, including the possibility to limit their liability and thereby their own exposure and the possibility to achieve tax transparency. The Dutch law legislation applicable to a limited partnership, as well as to a partnership (maatschap) and a general partnership (vennootschap onder firma) originates from 1838 and is highly in need of modernisation.
Anthony Coleby Chapter VIII of the Kuwaiti Capital Market Law (CML)'s executive regulations deals with investment funds: their formation and the offering of units for subscription. Also covered are the marketing and offering of units of overseas funds, fund operation, corporate governance and fund liquidation. Chapter VIII spans 75 Articles of the executive regulations (293–368). This briefing will address just the first 15, leaving the remainder to be dealt with subsequently.
