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  • On January 1 2016, the Act on the Use of Numbers to Identify a Specific Individual in the Administrative Procedure (the so-called My Number Act) came into full force
  • The new law on the budgetary framework was presented before the Legislative Assembly of Macau (the Assembleia Legislativa, or the AL) on January 29 2016
  • On January 27 2016 a committee established by the Irish parliament delivered its report on the banking crisis in Ireland (the Report)
  • In late December 2015, Indonesia’s capital market regulator (Otoritas Jasa Keuangan or OJK) issued several new regulations affecting the venture capital industry in Indonesia
  • A practice has recently been implemented in the Slovak construction market designed to ensure that subcontractors, considered to be the weaker party, get paid for their work
  • Sponsored by Al Tamimi & Company
    There have been some recent developments in Qatar in relation to the interpretation and practical application of taxation of capital gains
  • On November 9 2015, the 2015 Implementing Rules and Regulations of the Securities Regulation Code (the 2015 SRC Rules) took effect
  • While adjudicating a dispute between an international oil company and the Federal Inland Revenue Service (FIRS), the Nigerian Tax Appeal Tribunal (TAT) recently held that where there is a conflict between an agreement and statute, the provisions of the statute prevail
  • On July 1 2015, a new Swiss law entered into force, which implements the recommendations of the international Groupe d’action financière (GAFI) aimed at preventing money laundering and tax evasion
  • The new Law on Real Estate Business (LOREB) stipulates that before selling or hire-purchasing houses to be built in the future, investors in real estate projects (investors) must have their financial obligations for clients guaranteed by eligible commercial banks when the investors fail to hand over houses according to the schedule committed to clients