Key UK inheritance tax considerations in relation to gifting
Giving, or ‘gifting’ occurs all the time and over the years we have assisted many UK resident individuals and families with regard to tax efficient gifting.
LEGAL CHALLENGES OF AI BIAS IN INDIA: ADDRESSING THE ISSUE OF FAIRNESS AND DISCRIMINATION
Artificial Intelligence (“AI”) is becoming a prevalent technology in India with widespread application in industries such as healthcare, banking, transportation, etc. However, as AI is increasingly used in decision-making, the possibility of AI bias is a growing concern. This transpires when AI algorithms produce systematically biased findings towards specific groups or individuals, potentially impacting fairness …
What is the procedure for restructuring a company in Romania? What entails the reorganization of a company in Romania? Differences between restructuring and reorganization, the procedure that you can follow, guidance / recommendations from a lawyer
Romanian Law Firm Pavel, Mărgărit and Associates would like to provide you information on restructuring and reorganization of a company in Romania, what is the procedure that you can follow in such cases, what are the differences between the two procedures and what recommendations a lawyer specialized in insolvency, restructuring and bankruptcy in Romania and …
What is Transfer Pricing?
The pricing of transactions between associated enterprises located in various states could potentially affect the amount of taxes collected by each state involved. To protect their tax bases, tax administrations around the world turn their attention to transfer pricing policies of multinational enterprises. Transfer pricing in a nutshell The pricing of transactions between associated enterprises …
Interim protective measures granted by Romanian Courts during a procedure for recognition and enforcement of a foreign arbitral award
The scope of interim protective measures established during a procedure for recognition and enforcement of a foreign arbitral award The scope of interim protective measures is to ensure the effectiveness of a foreign arbitral award and also the effectiveness of the recognition and enforcement decision issued by Romanian Courts at the end of the …
Turkish Competition Authority Publishes the Final Report on Fast Moving Consumer Goods Retailing Sector Inquiry
The Turkish Competition Authority (“Authority”) has published its Final Report (“Final Report”) on fast moving consumer goods (“FMCG”) retailing sector inquiry (“Sector Inquiry”)[1] on March 30, 2021, two years after the release of its Preliminary Report[2]. This is the second sector inquiry report on FMCG retailing since the release of the 2012 Final Report on …
What is the spin-off procedure for a company in Romania?
According to the Romanian Law 31/1990 on companies, when a company creates a new independent company by selling or distributing new shares of its existing business, this is called a spin-off procedure in Romania. A spin-off procedure in Romania is realized when the assets are transferred in totally or in part to a new or …
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What is the procedure for amending the zonal urban plan (PUZ) in Romania?
The zonal urban plan (PUZ) in Romania is an important tool for the urban development of an area, containing detailed information about all the functions of the area, such as housing, green spaces in Romania, public institutions, services, etc. Through the zonal urban plan (PUZ) in Romania, a coherent and integrated urban development of the respective area is ensured in Romania, in …
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Interaction with HCPs: Is it Awareness or Advertisement Activity?
In this article, we have attempted to provide some respite to the age-old debate between the legal and marketing heads of the MedTech companies in respect of how to classify the activities /interactions with healthcare professionals (HCPs), whether these are awareness or advertisement activities. For MedTech companies, their consumers are either hospitals or the retail …
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THE FEAR OF THE SUO MOTO
On March 31st 2023 the upper house of the Parliament of Pakistan passed one of its most important legislatures. The Supreme Court (Practice and Procedure) Bill 2023 was passed unanimously by the Senate after having been passed by the National Assembly a day earlier.