Goodwill is not a depreciating asset
Under the India Income Tax Act, 1961 (IT Act), there are prescribed depreciation rates for different categories of assets, called the ‘block of assets’ – which contain both tangible and intangible assets. The rates are applicable on the written down value (WDV) of the block of assets. As regards intangible assets, the IT Act provides …
Pharmaceutical Affairs Act Amended to Limit ‘Joint Use of Bioequivalence Test’
The amendment to the Pharmaceutical Affairs Act (PAA) passed the National Assembly on June 29, 2021, and is expected to be promulgated sometime in July.
When Banksy, Monopoly and others draw the bad faith card
Misfortune continues for the famous British street artist Banksy. Since September 2020, in a succession of decisions, the EUIPO (the European Union Intellectual Property Office) has so far invalidated six trade marks made up of reproductions of Banksy’s iconic works that had been registered by Pest Control Office Limited, a company set up to represent Banksy’s interests while preserving his anonymity:
Is your company ready to be PDPA compliant?
Thailand’s Personal Data Protection Act (PDPA) forces organizations to comply with sweeping and technically complex data requirements, imposing costly penalties on organizations and individuals who fail to abide by its rules. The law was published in the Royal Thai Government Gazette on 27 May 2019, but enforcement has been delayed twice in order to allow …
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Amendments to Interest Rates for Commercial Transactions under Thai Law
Background On April 11, 2021, amendments to the Thai Civil and Commercial Code (the “TCCC”) came into effect in Thailand in the form of the Emergency Decree on the TCCC Amendments 2021 (the “TCCC Amendments”).
Thailand’s Transfer Pricing Regulations Update: Adjustment of Income and Expenses, and Threshold for the TP Disclosure Form
Since the fiscal year of 2019, companies or juristic person belonging to the same group (the “Related Companies or Juristic Partnerships”) are obliged to comply with the transfer pricing regulations set out under the new section 71 bis and section 71 ter of the Thai Revenue Code (the “TP Regulations”).
Proposed New Esports and Online Gaming Law Aimed at Addressing Heightened Concerns about Children’s Health
Over the past 30 years, the global gaming entertainment industry has experienced a significant and dynamic shift from offline to online gameplay.
Amendments to the Aircraft Registration Act: Key Observations.
Malta is an optimal jurisdiction for Aircraft Registration and many advantages come part and parcel with registering an aircraft in the Maltese islands[1]. On the 6th of June 2021, the President of Malta signed Act XXXVII of 2021 into law. The raison d’etre of this act aimed to amend several laws which relate to aircraft …
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THE PATH THAT UBER COULD TAKE
Collaborative online platforms such as the one used by Uber, and which are relatively new in our country, are being analyzed as a model to be applied in other countries in work contexts. However, it is important not to distort them or impose criteria imported to Peru without taking into account its impact on both …
Latest Legal Updates to Thailand 4.0
While Thailand slides deeper and deeper into economic crisis, the government’s national development plan “Thailand 4.0”, which was already launched in 2016, remains one of strategies for recovery and progress. Thailand 4.0 was implemented to enhance the worldwide competitiveness of Thailand’s business environment and drive the digitalization of its government to provide its citizens and …