Corporate and M&A



This is a TAGLaw Specialty Group, which is open to TIAG members. 

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Meet the Co-chairs - TIAG


Chapman, Simon
Burgis & Bullock
simon.chapman@burgisbullock.com


Palatnik, Seth
FGMK, LLC
spalatnik@fgmk.com


Meet the Co-chairs - TAGLAW


Adler, Anthony
Mitchell Silberberg & Knupp LLP
aaa@msk.com


Meet the Co-chairs - TAG-SP


Welten, Bernhard
Kanzlei Welten
bernhard.welten@kanzleiwelten.com


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.

Read more: India notified new Tribunals to speed-up Company Law judicial process

Author: Simon Chapman and Wende Hubbard of Burgis & Bullock (Warwickshire, England - TIAG)

Summary

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.

Read more: New Register of People with Significant Control

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.

Read more: Establishing Your Business in Australia: Branch vs Subsidiary

Contact: Leigh Drummond, ESV (New South Wales, Australia)

The Federal Government has recently changed the business name registration system in an effort to prevent new business names being registered which are similar or identical to existing registered names.

Applications for new business names made on or after 14 July 2015 continue to be administered by ASIC as regulator and the changes do not affect any names that were already registered prior to this date.

Read more: Changes to Business Name Registrations

By: David Kay; Lerch, Early & Brewer (Maryland, USA - TAGLaw)

What can you as a business owner do to protect your business or maximize its value if you lack the voting power to control the business? Entrepreneurs enter into 50/50 ownership situations, or worse, for a variety of reasons and with the best of intentions. Over time, one owner may prove to be more energetic, visionary, and successful, but may lack decision-making power on issues like fair pay or taking risks to grow the business. Disagreements on these and other fundamental issues can put in danger the very existence of a now successful business.

Read more: Power Trip: How to Resolve Power Abuse in a 50/50 Business Partnership