International Law Office

Latest updates

Valery Narezhniy

Important changes to taxation of transactions involving property rights transfers

Corporate Tax - Russia
Gorodissky & Partners

Numerous tax law amendments recently entered into force, including the introduction of a rule concerning the taxation of transactions involving the transfer and acquisition of property rights.

Sophie Reguengo

Impact of COVID-19 pandemic on fund manager substance arrangements

Private Client & Offshore Services - Jersey
Ogier

In 2020 the comptroller of revenue issued practical guidance which stated that where a company had to alter its operating practices to compensate for the COVID-19 outbreak, the comptroller would not determine that such company had failed the economic substance test under the Taxation (Companies – Economic Substance) (Jersey) Law 2019.

Rajat Taimni

GIC Re's revision of reinsurance rates and exclusion of contagious disease losses does not violate Competition Act

Insurance - India
Tuli & Co

In 2020 a complaint was brought against General Insurance Corporation of India (GIC) Re before the Competition Commission of India (CCI), stating that GIC Re had enhanced reinsurance rates through the implementation of certain circulars and endorsements and incorporated a contagious disease exclusion.

Ole Kristian Olsby

Proposal to extend increased daily unemployment benefit and temporary lay-off periods until July 2021

Employment & Immigration - Norway
Homble Olsby | Littler

The government has proposed to extend until 1 July 2021 both the period in which the increased daily unemployment benefit rate applies and the temporary lay-off period.

Kaan Demir

Restrictions on bearer shares to counter financing of terrorism

Corporate & Commercial - Turkey
Kayum & Demir

The Turkish Grand National Assembly has promulgated the Act on the Prevention of the Financing of Propagation of Weapons of Mass Destruction, which foresees material amendments to the Commercial Code's provisions regarding bearer share certificates.

Marcel Meinhardt

New transparency obligations for commodity companies

Energy & Natural Resources - Switzerland
Lenz & Staehelin

As of 1 January 2021, companies domiciled in Switzerland that are active in the extraction of raw materials must disclose payments to state authorities or government officials of Sfr100,000 or more per financial year.

OnDemand

1

Corporate and commercial: trends and issues

Corporate & Commercial / Cyprus, India, Italy

2

Open banking – revolution or risk?

Banking & Financial Services / Nigeria

3

Aviation industry trends

Aviation / Argentina, Bahamas, Brazil, France, Germany, Israel, Peru