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June/July 2019

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International Correspondents

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Tax Relief

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  • Sponsored by Mayer Brown
    Mayer Brown lawyers Jason Elder and Joo Park, who recently advised Mongolian Mortgage Corporation on a debut bond issuance, explain how the deal came together and what advisors need to know
  • Sponsored by Sidley Austin
    Sidley Austin partners review implementation and enforcement actions across Europe and highlight risky areas in data protection to watch in the future
  • Sponsored by Nagashima Ohno & Tsunematsu
    On April 19 2019, the Financial Services Agency of Japan published the Cabinet Order to Partially Amend the Order for Enforcement of the Financial Instruments and Exchange Act (draft). Of these proposed amendments, this article examines the amendment concerning disclosure regulations that relate to share compensation. Please note that, as of May 31 2019, the effective date of the proposed amendments has not been announced, and the content of the proposed amendments may change.
  • Sponsored by Norton Rose Fulbright
    Beijing-based Norton Rose Fulbright partner Barbara Li explains what China’s new foreign direct investment rules mean for foreign companies entering one of the world’s biggest marketplaces
  • Sponsored by Baker McKenzie
    Baker McKenzie lawyers consider how a relatively innocuous feature of corporate bonds is causing a stir following recent litigation and new regulations
  • Sponsored by Sycip Salazar Hernandez & Gatmaitan
    Public apostilled documents executed outside the Philippines no longer need to be authenticated by the Philippine Department of Foreign Affairs (DFA) in order for those documents to be considered authentic in the Philippines. This is because on May 14 2019, the Philippines became a party to the 1961 Convention Abolishing the Requirement of Legalisation for Foreign Public Documents, or the Apostille Convention.
  • Sponsored by Maples Group
    The Court of Appeal's decision in Bank of Ireland v Eteams (International) brings further important legal clarity for all forms of receivables finance transactions, as well as the 'true sale' opinions given by lawyers in the context of such deals.
  • Sponsored by Bär & Karrer
    In a referendum held on May 19 2019, the Federal Act on Tax Reform and AHV Financing (TRAF) was adopted by the Swiss people and the cantons. The reform includes several measures directed at corporate income taxation, such as the abolition of tax privileges for certain types of companies (status companies) and the implementation of internationally accepted replacement measures such as a patent box or the ability to super-deduct R&D costs (up to 150% of actual costs). The reform also contains tax measures at the shareholder level. The majority of the measures will be in force as of January 1 2020.
  • Sponsored by Consortium Legal
    The Salvadoran Law on Secured Transactions (SLST) has been in force since April 2014 by Decree No 488, which is based on the Organisation of American State´s (OAS) Model Inter-American Law on Secured Transactions. Under Article 88, the SLST clarified that the new national central registry would become operational no later than six months after this law came into force (that is, October 15 2014).The creation of the SLST had an overarching theme: to improve access to credit for micro, small and medium-sized enterprises (MSMEs), particularly those involving women-owned businesses and other marginalised groups.
  • Sponsored by Prager Dreifuss
    Prager Dreifuss lawyers Roland Böhi and Manuel Vogler explain how Swiss authorities are updating tax laws to balance a competitive regime with international standards
  • Sponsored by Linklaters
    Linklaters lawyers explain how financial services firms should address the range of behavioural remedies to have emerged from regulators in recent years
  • Sponsored by Stikeman Elliott
    Stikeman Elliott partners analyse Canada’s new takeover bid regime and its impact on Aurora’s recent hostile bid for competitor CanniMed