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  • Andrew Foster and Jacqueline Arena, Skadden Arps Slate Meagher & Flom
  • In the event it leaves the EU without a comprehensive trade agreement, what are the options left to the UK to continue accessing the single market?
  • China is implementing a flurry of regulations to manage its non-performing loan (NPL) crisis. The IMF estimates the country's non-financial sector debt will exceed 290% of GDP by 2022, up from 235% in 2016. According to one of the country's four national state-owned asset management companies China Orient Asset Management, NPLs reached RMB1.7 trillion ($270 billion) at the end of 2017 and are expected not to stop growing until 2019 at the earliest. The emergence of zombie banks lending to zombie companies has exacerbated the problem.
  • Steve Mickelsen, General Counsel, 3Degrees Group and Martin Dunn, Senior Counsel, Morrison & Foerster offer their views on this hot topic
  • It has been nearly five years since the skin in the game requirement was implemented. Has it made a difference?
  • The Eastern Economic Corridor (EEC), covering the Rayong, Chonburi, and Chachoengsao provinces, is part of the Thai government's Area-Based Development Policy and is intended to implement the Thailand 4.0 policy. The goal is to make the EEC ASEAN's leading centre for trade, investment, and logistics. To achieve this, the Board of Investment (BOI), established under the Investment Promotion Act (1977), encourages both foreign and domestic investment through tax and non-tax incentives. The EEC Bill was approved by the NLA on February 14 2018 and will soon be enacted as an Act.
  • As of January 1 2018, a new long-term interest rate for loans granted by the Brazilian National Economic and Social Development Bank (Banco Nacional de Desenvolvimento Econômico e Social or BNDES), known as TLP, is in force.
  • The increase in the regulation of securities and financial markets since 2008 will reach its peak in 2018 (with the revised set of Basel IV regulations arriving only, hopefully, in 2027).
  • Numerous changes to the Slovak Income Tax Act were adopted in late 2017. We believe the most important of these changes were the tax exemption on the sale of shares and ownership interests, and the introduction of a new exit tax.
  • The Central Bank of the Philippines (BSP) has previously approved the rules and regulations governing virtual currency exchanges in the Philippines.