New Powers for Companies House sweeping in to oversee British and Overseas Business Entities
The British government is taking robust measures to combat financial fraud and economic abuse. In February 2022 the Government published a White Paper, Corporate Transparency and Register Reform Reform on a range of measures driven by a determined effort to close down a range of global economic and financial fraud, such as fraudulent ‘shell’ companies, money laundering and phoenix …
The Third Anti-Tax Avoidance Directive (ATAD 3) The tombstone of shell entities
A. INTRODUCTION The European Commission on the 22nd of December 2021 published a legislative proposal for a Directive to be issued, the Third Anti-Tax Avoidance Directive, known as “ATAD 3”, which sets forth rules to prevent the misuse of shell companies for tax purposes. The Directive should be adopted early 2022 by the Council and …
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The overriding effects of Competition Act over State Acts: determining the ‘sufficient cause’ in the condonation of delay
Yet again, the Hon’ble Supreme Court of India in the case of CCI v. State of Mizoram dated 19.01.2022 has set aside the impugned judgment of the Guwahati High Court that restricted the Competition Commission of India (hereinafter referred to as the CCI) to pursue its investigation. The Apex Court upheld the authority of the …
IMPLEMENTATION OF THE SALE OF GOODS DIRECTIVE IN EU MEMBER STATES
Background In follow-up to our recent article[1] on the novelties brought by the Directive (EU) 2019/771 of the European Parliament and of the Council of 20 May 2019 on certain aspects concerning contracts for the sale of goods, amending Regulation (EU) 2017/2394 and Directive 2009/22/EC, and repealing Directive 1999/44/EC (the “Directive”) and its transposition into …
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NOTABLE PROVISIONS OF DECREE 02/2022/ND-CP
On 06 January 2022, the Government promulgated Decree 02/2022/ND-CP on elaboration of certain articles of the Law on Real Estate Trading (“Decree 02”). Decree 02 takes effect on 1 March 2020 and supersedes current regulations stipulated in Decree 76/2015/ND-CP and its relevant amendments relating to the conditions for organizations and individuals engaging in real estate …
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Voluntary Liquidation of Commercial Companies in the State of Qatar.
Introduction: After discussing the provisions of Compulsory Liquidation stipulated in the Qatari Commercial Companies Law (CCL) in our former article, it is of a great importance to introduce the reader to the concept of Voluntary Liquidation of Commercial Companies. Going through the Qatari (CCL), a brief overview of the Voluntary Liquidation process provisions will be …
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Qatar Free Zones
Introduction: Attracting foreign investments is a goal that each and every state in the world is vigorously working hard to achieve. Consequently, and since Qatar is one of the fastest Developing states in the region, the strategy of attracting investments has been adopted by the state which led to bold decisions, measures and procedures.
Qatar’s Ministry of Transport and Communication latest Regulations on the Protection of Personal Data Privacy.
Introduction: Following the issuance of Law number 13 of 2016 on the Protection of Personal Data Privacy (PDPP Law), the Ministry of Transport and Communications (MOTC) released regulatory recommendations on Personal Data Privacy in January 2021. In addition to clarifications, it provides a collection of guidelines, controls, and checklists to ensure users compliance with the …
Compulsory Liquidation of Commercial Companies in The State of Qatar.
What is Liquidation? Liquidation is the process of shutting down a company and distributing its assets to claimants. It usually occurs when a company is insolvent or is unable to pay its debts. When a company’s operations halt, its leftover assets are used to pay creditors and shareholders in a certain order that is identified …
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Regulations of Cheques in the State of Qatar.
Introduction: A cheque is a written, dated, and signed document that instructs a bank to pay the bearer a certain quantity of money. The individual or entity that writes the cheque is referred to as the payor or drawer, while the individual to whom the cheque is made is referred to as the payee. On …
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