What’s In A Plant: An Analysis of Cases Regarding Qualifying Plant Expenditures
Introduction Section 42 of the Income Tax Act (“ITA 1967”) allows businesses to lower their tax burdens by claiming allowances for capital expenditures incurred for the purpose of business – the Initial Allowance (“IA”)1 and Annual Allowance (“AA”)2 are perhaps the most widely applied of such allowances.
COVID-19: CMCO vs Modified CMCO. The Unwanted Battle between Federal and States
The New Normal: CMCO 5 On 1st of May 2020, Prime Minister Tan Sri Muhyiddin Yassin announced the implementation of the Conditional Movement Control Order (“CMCO”), with the aim of restarting a large portion of the economic sector following the Movement Control Order (“MCO”). This was subsequently gazetted under the Prevention and Control of Infectious …
Continue reading “COVID-19: CMCO vs Modified CMCO. The Unwanted Battle between Federal and States”
Privacy Law in Malaysia
Introduction With the rapid development of technology and the widespread usage of the Internet over the last decade, anyone can have access to almost anything including the personal information of others. Today, the usage of the Internet is no longer confined to connecting people and conducting research, but it has become a platform for many …
Legal Regulatory Framework for Logistics Services in Malaysia
Introduction Logistics services refer to a supply chain management process that plans, implements and controls the efficient and effective flow and storage of goods, services and related information between the points of origin and consumption in order to meet customers’ requirements.
BİRLEŞME BÖLÜNME TEBLİĞİ’NDE YAPILAN DEĞİŞİKLİK HAKKINDA
Mevcut BİRLEŞME BÖLÜNME TEBLİĞİ (II-23.2) amacı, 1.ve 2.maddelerinde düzenlendiği üzere, taraflardan en az birinin halka açık ortaklık oldıığu birleşme ve bölünme işlemlerinde uygulanacak usul ve esasları belirlemektir. Bu çerçevede Tebliğ, halka açık anonim ortaklıkların sermaye şirketleri ile, (devralan olmak kaydıyla) şahıs şirketleriyle ve kooperatiflerle birleşme işlemlerini; ayrıca halka açık anonim ortaklıkların taraf olduğu bölünme işlemlerini …
Continue reading “BİRLEŞME BÖLÜNME TEBLİĞİ’NDE YAPILAN DEĞİŞİKLİK HAKKINDA”
NFDI Provides Update Regarding Notification Forms
The National Foreign Direct Investment Screening Office (“NFDI Office”) was set up in Malta, in order to implement the provisions of EU Regulation 2019/452. On the 14th of October 2020, the NFDI Office published a Circular on its website whereby it notified Corporate Service Providers that Notification Forms must only be submitted to the NFDI Office …
Continue reading “NFDI Provides Update Regarding Notification Forms”
CHANGES TO THE ROMANIAN PHARMACY LAW
Introduction Pharmacy Law no. 266/2008 (the “Pharmacy Law”) was recently amended by Law no. 243/2020 approving the Government Ordinance no. 4/2018 amending and supplementing the Pharmacy Law no. 266/2008 which was published in the Official Gazette of Romania no. 1042 (“Law no. 243/2020”). The new amendments entered into force on November 9, 2020.
Impact of COVID-19 pandemic on Shipping
The COVID-19 pandemic still rages unabated in April 2020, ravaging and affecting lives, businesses, individuals and industries worldwide in many ways that will change the world forever1. The International Labour Organization predicts that as many as 25 million jobs worldwide could be wiped out by a worldwide recession brought about by the pandemic2. In many …
COVID-19: The Threat to Insolvency – Options to SMEs
Introduction The COVID-19 pandemic is creating significant health, social and economic challenges worldwide. The impact of this outbreak has raised many concerns in Malaysia especially for Small and Medium-sized Enterprises (“SMEs“) as there is a real risk of insolvency since business is limited due to the closure of premises during the Movement Control Order imposed …
Continue reading “COVID-19: The Threat to Insolvency – Options to SMEs”
COVID-19: The impact of extraordinary circumstances on contractual performance
Due to the ongoing pandemic, we would like to present some of the provisions of the Polish legal system allowing to modify agreements or enabling exemption from liability for their non-performance or improper performance due to changes in widely understood social and economic relations, and the so-called force majeure. However, in order to assess the …
Continue reading “COVID-19: The impact of extraordinary circumstances on contractual performance”