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 …
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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'
Bär & Karrer Advises German Pharmacy Medpex in the Sale of its E-Commerce Activities to Zur Rose Gr
On 18 October 2018, Zur Rose Group AG, Europe's leading e-commerce pharmacy which is listed on SIX Swiss Exchange, announced that it is acquiring the e-commerce activities of Germany's third largest pharmacy medpex. The transaction was subject to regulatory clearances and closed on 4 January 2019. Bär & Karrer advises medpex as Swiss legal counsel, …
Bär & Karrer Advised Combell on the Acquisition of Switchplus
Combell acquired switchplus, a company for internet presence and domain names, from SWITCH.
Opinion of the Court of Cassation on the Contention of Expert Opinion and Expert Report
The notion of Expert Opinion, which entered into our law through the Code of Civil Procedure ("CCP"), has been a frequently resorted to method of helping to resolve disputes by the parties in our judicial system over the course of time…
Arrest of Ships under Turkish Law
The general principles on maritime enforcement are set out in Turkish Commercial Code ("TCC") numbered 6102. On the other hand, Turkey has ratified the International Convention on Maritime Liens and Mortgages, signed in Geneva on 6 May 1993 and the International Convention on the Arrest of Ships, signed in Geneva on 12 March 1999 and …
Decision of the Court of Cassation General Assembly on the Unification of Judgments holding that an
In civil procedural law, a ban on the expansion and alteration of a claim and defense comes with two exceptions; the other party's consent, and "the amendment". The parties may completely or partially amend their proceedings prior to the end of the investigation phase. Provided that the legal requirements are fulfilled, an amendment may be …