BFH: Interest on the deferral of compensation for forgoing the statutory share subject to taxation
In the event that an heir waives their right to the statutory share in the estate and opts to defer claiming compensation, the deferral interest is subject to income tax. That was the verdict of the Bundesfinanzhof, Germany’s Federal Fiscal Court (Az.: VIII R 22/17).
COVID-19 & Protective Masks – Distributors Left With Outstanding Invoices
People wearing protective masks have become a common sight since the outbreak of the coronavirus. Yet the quality of some of these masks and the outstanding invoices are becoming a source of frustration.
COVID-19 – Substandard Quality of Masks and Other Protective Equipment
COVID-19 – Substandard Quality of Masks and Other Protective Equipment The coronavirus pandemic is not over. Respiratory masks and other protective gear remain vital. However, the issues of quality and outstanding invoices are also increasingly taking center stage.
EY Law advised BBVA USA and Metlife Private Equity Holdings, LLC in Costa Rica
August, 2020. EY Law advised BBVA USA and Metlife Private Equity Holdings, LLC in the structuring, drafting and registration of the Costa Rican security package of a credit granted to 3P PARENT INC., 3PILLAR GLOBAL, INC., and 3PILLAR HOLDINGS, LLC, INC, for a transaction in Costa Rica.
Kochański & Partners acting as legal counsel to Polskie Sieci Elektroenergetyczne
Kochański & Partners has been awarded a tender for legal services to PSE S.A. – the sole Polish electricity transmission system operator. The Firm will assist PSE in addressing the formal and legal aspects of the company’s electricity infrastructure. As part of the project, Kochański & Partners lawyers will represent the client before public administration …
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Sayenko Kharenko advised Orexim on USD 36 million financing
Sayenko Kharenko has advised Orexim Group (Orexim) on a secured USD 36 million financing provided by Export-Import Bank of Korea (KEXIM) to Grain Terminal Holdings, a Singapore-based joint venture between Posco International and Orexim.
Sayenko Kharenko advises DCH on the acquisition of Bank Credit Dnipro
Sayenko Kharenko has acted as a Ukrainian law counsel to Mr. Aleksandr Yaroslavskyi, owner and president of the DCH group, on the acquisition of 100 per cent shareholding in JSC “Bank Credit Dnipro” (Bank), for an undisclosed amount. Sayenko Kharenko has acted as a Ukrainian law counsel to Mr. Aleksandr Yaroslavskyi, owner and president of …
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Sayenko Kharenko secures Ukrainian merger clearance for acquisition by Saudi Aramco
Sayenko Kharenko antitrust team has acted as Ukrainian legal counsel to Saudi Arabian Oil Company (Saudi Aramco) on obtaining merger clearance in Ukraine for its USD 69.1 billion acquisition of a 70 per cent stake in Saudi Basic Industries Corporation (SABIC) from the Public Investment Fund, the sovereign wealth fund of Saudi Arabia. On 17 …
Sayenko Kharenko advised the EBRD on the entry into ISDA Master Agreement with the NBU
Sayenko Kharenko acted as the Ukrainian legal counsel to the European Bank for Reconstruction and Development (EBRD) on its entry into the 1992 ISDA Master Agreement with the National Bank of Ukraine (NBU), the Ukrainian central bank.
FG München: Stock splitting does not give rise to capital gains tax
Investors who acquire new shares in the course of a corporate spin-off are not required to pay withholding tax on this. That was the verdict of the Finanzgericht (FG) München, the Fiscal Court of Munich (Az.: 8 K 981/17).