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Press releases and law firm thought leadership
This page is dedicated to keeping readers informed of the latest news and thought leadership articles from law firms across the globe.
If your firm wishes to publish press releases or articles, please contact Shehab Khurshid on +44 (0) 207 396 5689 or shehab.khurshid@legalease.co.uk
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Amendments to the Commercial Building Lease Protection Act
Amendments to the Commercial Building Lease Protection Act (the "Act", and as amended, the "Amended Act") were promulgated on August 13, 2013.
Implementation of the New Act on Security over Movable Property and Receivables
The new Act on security over Movable Property and Receivables (βThe New Actβ), which became effective June 11, 2012, was enacted to address the publicβs need for an improved mechanism to allow non-real estate assets to be provided as collateral.
South Korea: Enforcement of Asbestos Safety Management Act
The Asbestos Safety Management Act (the "Asbestos Act"), which is designed to ensure safe and effective management of asbestos became effective as of April 29, 2012. In the face of growing public concerns over escalating risk associated with asbestos, the Asbestos Act was promulgated last year to effectively control and manage asbestos-containing products, potential asbestos-containing materials and asbestos construction materials. The main features of the Asbestos Act are as follows.
Supreme Court endorses application of domestic "substance over form" principle to...
deny tax treaty benefits
Many foreign investors, when investing in real property in Korea, have acquired property through intermediary holding companies. At the time of exit, they realize a capital gain by selling the shares in the holding companies, rather than the real property itself.