Foyen successfully represents client before the Court of Appeal
Press release 18th of December 2018 Partner Jonas Nilsson and associate Johanna Lenell have successfully represented one of Foyen’s clients before the Court of Appeal for Western Sweden. The judgment was issued on 18 December.
Bär & Karrer Advised the Issuer in the Rights Offering of Cavotec SA
On 10 January 2019, Cavotec SA completed a capital increase by way of a rights offering to its shareholders in the amount of approximately CHF 22.4 million. The Cavotec group, with its Swiss holding company listed on Nasdaq Stockholm, is a leading engineering group that designs and manufactures automated connection and electrification systems for ports, …
Continue reading “Bär & Karrer Advised the Issuer in the Rights Offering of Cavotec SA”
Quarterly Update on Trade Defense Cases in Turkey (December 2018)
In Turkey, the authority to initiate dumping or subsidy examinations, upon complaint or, where necessary, ex officio, is given to the Ministry of Trade ("Ministry"). Within the scope of this authority, the Ministry announces its decisions with the communiqués published on the Official Gazette.
Proposal regarding mining waste could prove a costly business for mining operators
On June 1, 2017 the Swedish Government decided to instruct an investigatory committee to analyze the potential actions or measures necessary to efficiently ensure that sufficient collateral security is in place in mining operations for remediation and other restorative measures. The investigation adopted the name the “The investigation into financing regarding mining waste” and was …
Capital Markets Board Announces the Draft Communiqué on Crowdfunding
In September 2018, the Capital Markets Board ("CMB") had issued an announcement on its website, declaring that a secondary legislation for crowdfunding was underway.
Beneficial Ownership Concept – The approach of the Russian Federal Tax Service
The beneficial ownership of the income concept (“the Concept”) is nowadays a material aspect affecting the eligibility of the taxpayers to claim treaty benefits. The Concept is defined by the OECD, however, it is not very specific leaving room for Tax Administrations of each jurisdiction to adopt a more relax or strict approach. In either …
Continue reading “Beneficial Ownership Concept – The approach of the Russian Federal Tax Service”
Flying Under the Radar
Flying Under the Radar: Companies Must Increase Awareness of the Potentially Dormant and Disruptive Changes to the Minimum Wage in Korea Korea has experienced unprecedented yearly increases to the statutory minimum wage since 2017 in addition to changes in the applicable legislation. While companies are aware of the more patent impacts of the recent major …
New Legislation: Amendment to the Enforcement Decree of the Act on External Audit of Stock Companies
New Legislation: Amendment to the Enforcement Decree of the Act on External Audit of Stock Companies The amendment to the Act on External Audit of Stock Companies (the “Act”) and the enforcement decree thereof (the “Enforcement Decree”), whose key feature pertains to the external audit and disclosure requirements for limited liability companies, became effective as …
Turkey Aligns its Medical Device Regulation with the EU Regulation
In May 2017, Regulation (EU) 2017/745 of the European Parliament and of the Council of 5 April 2017 on medical devices ("EU Regulation") entered into force, stipulating a transition period for medical device manufacturers to comply with the EU Regulation by May 2020.
How will AI change the accountancy profession during the next ten years?
The following article discusses session two in the IR Global Virtual Series on 'The Advent of AI: Embracing Technology in Accountancy'