DAC6 and Hallmark E1 Use of unilateral safe harbour rules in Cyprus
The purpose of this tax bulletin is to shed some light on the use of unilateral safe harbour rules in Cyprus and specifically as to when an arrangement becomes reportable for DAC6 purposes for meeting the requirements of Hallmark E1.
ESG REPORTING AND ITS FRAMEWORK IN INDIA
INTRODUCTION With aggregate ESG assets expected to exceed USD 50 trillion by 2025 (representing more than one-third of the aggregate projected global assets under management (AUM))[1] together with the backing of prominent investors, such as BlackRock and Brookfield[2], ESG investing can hardly be described as merely an investing trend. In India, for example, the AUM …
TO BE OR NOT TO BE: An Assessment of a Pathological Arbitration Clause
The Hon’ble High Court of Delhi, placing reliance on a catena of judgments, has reiterated that the main attribute of an arbitration agreement is consensus ad idem to refer the disputes to arbitration. In the matter of “Sapna Gupta v. Ajay Kumar Gupta & Ors[1].”, it has been held that in case the same is …
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New Directives on Securitisation of Standard Assets – Revamping the Securitisation Landscape?
The Reserve Bank of India (“RBI”) on 24th September 2021, issued the Reserve Bank of India (Securitisation of Standard Assets) Directions, 2021 (“Master Directions”). These Master Directions repeal the existing RBI guidelines on securitisation of standard assets. The Master Directions apply to the following entities:
What are the conditions for engaging joint liability of the administrator/ director/ management bodies of a Romanian company?
One of the problems that the administrators/directors or the management bodies of a Romanian company may face is engaging joint liability for the outstanding payment obligations of the debtor company declared insolvent by tax inspection bodies which are part of National Authority of Fiscal Administration (ANAF).
ENFORCEMENT OF FOREIGN ARBITRAL AWARDS ON NON-SIGNATORIES IN LIGHT OF THE GEMINI BAY CASE: THE COUNTER AND COUNTERPOISE
The locus No one sums it up better than Prof. William W. Park in his well-known treatise, Non-Signatories and International Contracts: An Arbitrator’s Dilemma1 , “the term ‘non-signatory’ remains useful for what might be called ‘less-than-obvious’ parties to an arbitration clause: individuals and entities that never put pen to paper, but still should be part …
LAW BITES: When standard T&Cs lack contractual force
Delivery orders and invoices are ubiquitous commercial documents issued by suppliers in business, the functions of which primarily serve to verify the work done by the supplier and to request payments from customers for goods / services sold.
The adoption of the EU Whistleblower Protection Directive by the Portuguese Legal System
The Whistleblower Protection Directive was transposed into the Portuguese legal system by the Law 93/2021 published on December 2021.
Can we terminate a contract/agreement if our client enters in the insolvency procedure in Romania?
The termination of the ongoing contract/agreement at the date of the opening of the insolvency proceedings shall be of interest to each contracting party, whether creditor or debtor, professional bodies or not. Thus, according to the insolvency law, all ongoing contracts/agreements at the date of opening the insolvency proceedings are considered maintained, and all clauses …
PORTUGAL | NEW LEGAL FRAMEWORK OF THE SEN | DECREE-LAW NO. 15/2022, OF 14 JANUARY SELF-CONSUMPTION
Decree-Law no. 15/2022, of 14 January 2022 (“DL 15/2022”) is the new piece of the legislation applicable to self-consumption and energy communities, which had so far been regulated by a separate act. The new act’s amendments to the existing legal framework seek to streamline procedures, encourage the adoption of self-consumption solutions and facilitate energy sharing …