The Czech Republic’s Tax Information Exchange Agreement (TIEA) with the Isle of Man entered into force on 18 May 2012.

Does your business enter into contracts with companies registered in foreign jusrisdictions (such as the Isle of Man, Jersey, Guernsey, the BVI or any other for that matter), if so, then I suggest that you read on.

On 8 April, the Department of Economic Development signed a Memorandum of Understanding (MOU) with the Shanghai Municipal Commission of Commerce in China.

The Isle of Man authority responsible for foreign sanctions (Customs and Excise) has recently issued a General Licence that streamlines the way in which Advocates can be permitted to receive payment for their legal fees when working for sanctioned entities and individuals.

The Isle of Man Central Registry opened a consultation in November on a proposed Companies Miscellaneous Amendment Bill, which is intended to update the island's Corporate Laws in line with current international anti-money laundering and countering the financing of terrorism (AML/CFT) standards.

There has been much in the press recently about financial and economic sanctions being imposed.

Chief Minister Allan Bell MHK has signed a Memorandum of Understanding with the Wuxi Municipal Bureau of Commerce to foster cooperation on economic, trade and investment matters between the two jurisdictions.

This Act repeals the European Communities (Isle of Man) Act 1973 and makes provisions consequent upon the withdrawal of the UK from the EU (Exit Day).