Corporate and M&A
This is a TAGLaw Specialty Group, which is open to TIAG members.
Meet the Co-chairs - TIAG
Burgis & Bullock
Meet the Co-chairs - TAGLAW
Mitchell Silberberg & Knupp LLP
Meet the Co-chairs - TAG-SP
Author: Chris Laughton
The Recast EIR came into force in the UK, as in all EU member states except Denmark, on 26 June 2017. Its full title is Regulation (EU) 2015/848 of the European Parliament and of the Council of 20 May 2015 on Insolvency Proceedings (recast).
Useful Insolvency Service guidance explains that the Recast EIR “deals with cross-border jurisdiction, cooperation, recognition and enforcement of insolvency proceedings in the EU, [and] replaces EC Regulation (1346/2000) (the original Regulation) making changes to existing provisions and introducing areas of new policy.”
Contact: Wayne Berkowitz, CPA, J.D., LL.M.
It's called the Freelance Isn't Free Act (FIFA) and as of May 15, 2017 it has changed the playing field for those who hire freelancers in New York City. Businesses using freelancers are well advised to review and revise their practices in light of the new rules.
Under FIFA, a freelancer is defined as any natural person or organization composed of no more than one person that is hired or retained as an independent contractor to provide services in exchange for compensation. Excluded from FIFA are salespersons working as independent contractors, practicing lawyers, and licensed medical professionals. Engagements with freelancers must amount to $800 or more calculated over a 120 day period in order to be subject to the new rules. FIFA requires that companies engaging freelancers to provide the qualifying amount of services must enter into a written contract.
National Company Law Tribunal finally gets notified. Sunrise moment in Corporate Law judicial framework
The Ministry of Corporate Affairs, on 1st June 2016, notified
the constitution of the National Company Law Tribunals (‘NCLT’) and National Company Law Appellate Tribunals (‘NCLAT’). It is in a sense a sense of achievement for the Government of India to have finally constituted these long-overdue tribunals. The conceptualisation, creation of legal provisions and the final constitution of NCLT and NCLAT was a long drawn process that spanned almost a decade and a half.
Author: Simon Chapman and Wende Hubbard of Burgis & Bullock (Warwickshire, England - TIAG)
With effect from 6 April 2016, all non-listed UK companies and limited liability partnerships (“LLPs”) are required to create and maintain a register of the people that have significant influence or control over them (“PSC Register”). These registers will be open for public inspection and there are criminal sanctions for non-compliance.
Contact: David Prichard; ESV Group (New South Wales, Australia)
Australia’s tax laws can be complex for foreign companies. That’s why it’s crucial to understand the tax implications of how you set up your operations, to ensure your business is efficient and effective in line with Australia’s tax laws.