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  • Article

    Finance Ministry Makes It Obligatory For All Shops To Accept Card Payments

    According to the new law passed by the Cyprus Parliament, persons and companies engaged in economic activity have the obligation to accept credit card payments.
    CyprusFinance and Banking
    Ernst & Young Cyprus Ltd
    Ernst & Young Cyprus Ltd
  • Article

    EY Appeals Hong Kong Court Order To Produce Audit Working Papers Notwithstanding Holding That EY 'Deliberately Withheld From SFC' And State Secrets Not At Issue

    More than a year ago, we began following the so-called Ernst &Young State Secrets Case in Hong Kong.
    Hong KongFinance and Banking
    Reed Smith
    Reed Smith
  • Article

    The Lien That Binds: Reimbursement Of Salaries To Secondees Treated As Fee For Technical Services

    The Delhi High Court has departed from established precedent by ruling that expatriate secondees remain under the control of their seconding entity and retain employment liens, even while working for Indian entities. In Ernst and Young U.S. LLP, the court held that cost-to-cost salary reimbursements for seconded employees constitute Fee for Technical Services under Indian tax law and the India-US tax treaty, overturning the Income Tax Appellate Tribunal's decision that had favored the taxpayer.
    IndiaTax
    AZB & Partners
    AZB & Partners
  • Article

    CHROs' Insights: Globalizing Out Of Asia

    The characteristics needed for people in a digital age are adaptability, self- direction and easy engagement with technology.
    MalaysiaStrategy
    Ernst & Young
    Ernst & Young
  • Article

    Canadian M&A Market Still Thought To Be Strong Despite Recent Cut Backs

    Despite some cut backs in M&A activity expected over the next 12 months, the results reported in Ernst & Young's (E&Y) 19th edition of the Global Capital Confidence Barometer (the "Report") ...
    CanadaCorporate/Commercial Law
    Norton Rose Fulbright Canada LLP
    Norton Rose Fulbright Canada LLP
  • Article

    Not So Fast – Audit Restricts Appointment Of Monitor

    A recent decision of the Ontario Superior Court ("Court") provided insights into how the Courts may interpret Section 11.7 of the Companies' Creditors Arrangement Act ("CCAA")...
    CanadaInsolvency/Bankruptcy/Re-Structuring
    MLT Aikins LLP
    MLT Aikins LLP
  • Article

    In The Matter Of Ernst & Young LLP, SEC File Nos. 3-17552 And 3-17553: First SEC Enforcement Actions For Auditor Independence Failure Due To Close Personal Relationships

    On 19 September 2016, the SEC announced that it had reached a settlement with Ernst & Young ("EY") regarding the actions of two audit partners who violated the rules that are designed to maintain...
    United StatesAccounting and Audit
    A&O Shearman
    A&O Shearman
  • Article

    Top 5 Highlights From The US Oil And Gas Reserves Study

    So what are the top 5 highlights from the 2016 US Oil and Gas Reserves Study?
    United StatesEnergy and Natural Resources
    Fox Rothschild LLP
    Fox Rothschild LLP
  • Article

    The Accounting Firm EY Will Not Appeal Against An Order To Pay $11M To An Ex-partner Over A Controversial Audit

    Syed Rahman of financial crime specialists Rahman Ravelli considers the case.
    United KingdomCriminal Law
    Rahman Ravelli
    Rahman Ravelli
  • Article

    Recommended Reading: Audit Committee Reporting To Shareholders In 2016

    This week we highlight a report by the EY Center for Board Matters on "Audit committee reporting to shareholders in 2016", discussing audit committee-related proxy disclosures by Fortune 100 companies.
    United StatesCorporate/Commercial Law
    Akin
    Akin
  • Article

    Global Adoption Of Electric Vehicles Faster Than Expected: EY Report

    The study predicts that electric vehicle (EV) sales will surpass those of gas engine vehicles by 2028 in Europe.
    GlobalTransport
    Fasken
    Fasken
  • Article

    Connecting The Dots: M&A Deals In The Technology Services In 2024

    Comprehensive analysis of the deal activity in the technology services vertical in 2024 across key sub-markets.
    IndiaCorporate/Commercial Law
    Ernst & Young
    Ernst & Young
  • Article

    Life Sciences Dealmaking Accelerates In 2026: Key Insights From EY's Firepower M&A Report

    According to Ernst and Young's (EY) 2026 Firepower M&A Report, dealmaking is accelerating — driven not by short-term market shifts, but by long-term strategic fundamentals.
    United StatesFood, Drugs, Healthcare, Life Sciences
    McDermott Will & Schulte
    McDermott Will & Schulte
  • Article

    Positive News For Mining And Metals M&A

    According to a recent report by EY, the global deal value for mining and metals M&A increased by 93% in the second quarter of 2016.
    CanadaCorporate/Commercial Law
    Norton Rose Fulbright Canada LLP
    Norton Rose Fulbright Canada LLP
  • Article

    M&A: The Automotive Industry's New Fuel?

    Automotive technologies are evolving rapidly and impacting not only drivers' automotive experiences but also, the automotive industry more broadly.
    CanadaTransport
    Norton Rose Fulbright Canada LLP
    Norton Rose Fulbright Canada LLP
  • Article

    EY On Budget 2025: Key Amendments Proposed In Union Budget 2025 For The Power And Utility Sector

    The Hon'ble Finance Minister presented the Union Budget 2025 on 01 February 2025 in the Lok Sabha.
    IndiaEnergy and Natural Resources
    Ernst & Young
    Ernst & Young
  • Article

    EY Analyzes Cybersecurity Risk Disclosure

    In addition, 84% of companies disclosed that cybersecurity oversight had been delegated to at least one board committee, compared to 78% last year.
    United StatesCorporate/Commercial Law
    Cooley LLP
    Cooley LLP
  • Article

    Recommended Reading: Global Capital Confidence Barometer – Buying And Bonding: Alliances Join M&A As Engines Of Growth

    This week, we highlight Ernst & Young's recent Global Capital Confidence Barometer titled "Buying and bonding: Alliance join M&A as engines of growth."
    United StatesCorporate/Commercial Law
    Akin
    Akin
  • Article

    The Louie Family Honoured With The EY Family Business Award Of Excellence

    We are delighted to recognize that the Louie family has been honoured with the Family Business Award of Excellence presented at the 22nd annual Pacific Region EY Entrepreneur of the Year awards gala held on September 24, 2015.
    CanadaStrategy
    Norton Rose Fulbright Canada LLP
    Norton Rose Fulbright Canada LLP
  • Article

    Wirecard Auditor Obliged To Testify

    In Germany, auditors may only testify in public, criminal or civil proceedings if expressly released from confidentiality obligations by their clients.
    GermanyInsolvency/Bankruptcy/Re-Structuring
    Simmons & Simmons
    Simmons & Simmons

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