Key Tax Law Amendments in the Draft 2020 Tax Revision Bill
On July 22, 2020, the Ministry of Economy and Finance publicly released the 2020 draft Tax Revision Bill (the ‘Draft Bill’).
Registration of Virtual Asset Service Providers in the Cayman Islands
The Virtual Asset (Service Providers) Law, 2020 The Cayman Islands Government passed the Virtual Asset (Service Providers) Law, 2020 (the “Law”) on 25 May 2020. This was accompanied with updates to a number of other laws including the Monetary Authority (Amendment) (No.2) Law, 2020, the Securities Investment Business (Amendment) Law, 2020 (the “SIBL”), the Mutual …
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CHINA RELEASED A DRAFT AMENDAMENT TO ITS COPYRIGHT LAW FOR PUBLIC COMMENT
After nearly ten years of efforts, the third revision of Copyright Law of China finally moved to its final stage. On April 26, 2020, the Standing Committee of National People’s Congress of China reviewed a draft amendment to the law. On April 30, the National People’s Congress released the draft for public comment.
The foreign investor in Ukrainian large-scale privatization
In recent years, privatization has risen as a priority for the government of Ukraine. Fundamental to these efforts was the enactment of a law abolishing a list of over 1,000 state-owned enterprises that were not permitted to be privatized. This has removed the last major barriers for launching full-scale privatization.
Tax Updates July 2020 (SyCipLaw Tax Issues and Practical Solutions (TIPS) Vol. 1)
SyCipLaw’s Tax Department has prepared T.I.P.S. covering the following tax issues:
Philippine Legislation in the Pipeline: Can They “De-contract” the Economy?
Analysts predict that the Philippine economy may contract by as high as 9% in the second quarter of 2020. The country’s financial managers and some policymakers are asking that Congress prioritize some key bills — the Corporate Recovery and Tax Incentives for Enterprises Act (CREATE), the Digital Economy Taxation Act, and An Act Ensuring Philippine …
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Corporate Governance in the Time of COVID-19: Navigating New Horizons
The COVID-19 pandemic has forced companies to change the way that they do business. The fact that the National Capital Region is currently under a Modified Enhanced Community Quarantine (MECQ), and prior to that, was under Enhanced Community Quarantine (ECQ) for two months since 16 March 2020, makes it difficult for Philippine domestic corporations to navigate …
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SyCipLaw’s Doing Business in the Philippines: A General Guide (2020 Update)
SyCip Salazar Hernandez & Gatmaitan’s (SyCipLaw) publication about the general guidelines in doing business in the Philippines has been updated. It aims to showcase the Philippines as an attractive venue for business ventures, to guide the businessmen and lawyers alike in their business decision making, and to help investors restart the Philippine economy in connection …
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THE ROLE OF RECOGNIZED ORGANIZATIONS IN THE CLASSIFICATION AND CERTIFICATION OF VESSELS
The Court of Justice of the European Union addressed, in the judgment of 7 May 2020, case C-641/18, LG v. Ente Registro Italiano Navale and others (ECLI: EU: C: 2020: 349), the question about the nature classification and legal certification of ships performed by private entities on behalf of the States. The ultimate addressees of …
The Cyprus International Trust – a practitioner’s approach
A. GENERAL I. THE LAWS APPLICABLE TO TRUSTS – GENERAL PROVISIONS The Laws The legal framework governing trusts in Cyprus is based on The Trustees Law, Cap. 193, (“The Trustees Law”), which is largely based on the English Trustee Act of 1925 and on The International Trusts Law, No. 69(I)/92, (“The International Trusts Law”), enacted …
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