log in
Submit an Article | Back

Member Articles

Selected Filters:
Practice Industry: Financial Services, Taxation

Sort By Title  |  Sort By Date

2022 predictions: what’s on the horizon for UK mid-market finance?
Shoosmiths LLP, January 2022

A look at trends and influences which we expect to impact mid-market banking and finance in 2022. Last year’s article heavily featured COVID-19, its impact, and expected patterns of recovery. While the pandemic continues to have a huge impact on our lives, most stakeholders have learnt to live with this uncertainty and businesses have adapted accordingly...

2022 predictions: What’s on the horizon for financial services?
Shoosmiths LLP, January 2022

By all accounts, in common with 2021, broad uncertainty will remain a key theme for the UK economy in 2022. Statistics from 2021 are an unhelpful indicator for 2022.  But all signs currently point to a slowing of the UK economy in 2022 following an undeniable 2021 bounce-back as people matched unexpected savings with spending on goods, services and holidays...

What the National Security and Investment Act means for banking deals
Shoosmiths LLP, January 2022

Extensive new powers to investigate and intervene in deals that could have national security concerns come into play this month, lenders and borrowers need to understand the implications now. The National Security and Investment Act (“the Act”) regime came into effect on 4 January 2022. It creates a new national security screening regime for corporate acquisitions in the UK. Certain aspects of the Act apply retrospectively from 12 November 2020...

PPF confirms levy determination for 2022/23—so what’s new?
Shoosmiths LLP, January 2022

Pensions analysis: The Pension Protection Fund (PPF) has issued its levy rules and associated guidance and appendices for the 2022–23 levy year. Partner Suzanne Burrell examines the latest rules and guidance, the changes made since last year, the implications for pension schemes and what happens next...

Structured Finance and Securitization – 2021 Year in Review
Hunton Andrews Kurth LLP, January 2022

table border="0" width="780" cellspacing="2" cellpadding="0" tbody tr td https://www.huntonak.com/images/content/8/1/v2/81424/Structured-Finance-2021-Year-in-Review...

Cambodia: E-Commerce VAT Registration/Reverse Charge Implementation Date Extended
DFDL, January 2022

The General Department of Taxation (“GDT”) issued Notification no. 776 GDT on the 17th of January 2022 (“Notification 776”) which delays the implementation of Prakas 542 MEF.P on the Rules and Procedure for the Implementation of VAT on E-Commerce (“Prakas 542”) to 31 March 2022...

The treatment of ongoing criminal cases for bounced cheques in the Emirate of Dubai
Afridi & Angell, January 2022

It is now common knowledge that after January 2, 2022, issuing a cheque that is dishonoured for the lack of funds is no longer going to be a criminal offence in the UAE (for a primer on the changes made to the law, clickHere). But what of ongoing complaints and criminal cases regarding cheques that were dishonoured prior to January 2? Circular No. (9) of 2021, issued by the Dubai Public Prosecution Department on 19 December 2021, helpfully clarifies how such cases are to be handled...

OP-ED: Oregon Law Creates Loan Program to Spur Cleanup Projects
Schwabe, Williamson & Wyatt, January 2022

Revitalization of brownfields has long been considered a centerpiece of community efforts to encourage growth and development of properties impacted by contamination. But the additional complexity and cost of addressing pre-existing contamination often sinks projects that might otherwise have positive economic and development potential. This is especially true inside Oregon’s urban growth boundaries...

Treasury Issues Final Rule on COVID State Funds
Schwabe, Williamson & Wyatt, January 2022

On January 6, 2022, the U.S. Department of the Treasury issued a final rule on the use of Coronavirus State & Local Fiscal Recovery Funds (SLFRF) provided to state, local, and tribal governments pursuant to the American Rescue Plan (ARP). While the final rule largely includes the eligible uses of SLFRF funds described in the interim rule issued in May of 2021, the Treasury expanded and provided more detail on eligible uses...

Chilean Financial Market Commission Opens Public Consultation on Authorization of Existence of Special Stock Corporations and initiation of operations…
Carey, January 2022

On January 3rd, 2022, the Chilean Financial Market Commission (FMC) opened a public consultation process (the "Regulatory Proposal") on new regulations regarding the procedure to authorize the existence of certain special stock corporations (SSCs) and to authorize the commencement of operations of general fund managers (GFMs)...

Insolvency in Scotland: Back to Basics – Part 2, Sequestration (Bankruptcy)
Shoosmiths LLP, January 2022

This is the second article in 'Back to Basics', a series of articles looking at insolvency processes in Scotland. This article will examine the court process for sequestration, focusing on petitions by creditors. Sequestration is the Scottish legal term for personal bankruptcy...

Transition plans: key to businesses achieving net zero
Shepherd and Wedderburn LLP, January 2022

 How will the UK become a Net Zero-aligned Financial Centre? Last month, the UK Government announced that the UK was to be the world’s first Net Zero-aligned Financial Centre. The Institute for Government defines “net zero” as “a balance between the amount of greenhouse gas emissions produced and the amount removed from the atmosphere”...

Shearn Delamore & Co. Newsletter December 2021
Shearn Delamore & Co., January 2022

Employment Law An examination of the case ofTelekom Research andDevelopment Sdn Bhd v Ahmad Farid Bin Abdul Rahman by the Court of Appeal Introduction The Industrial Court had ruled that the company, Telekom Research and Development Sdn Bhd (“Telekom”), had proven the misconduct against a former employee, the claimant Ahmad Farid Bin Abdul Rahman (“Ahmad”), and that the dismissal was justified...

End of Transition Period for SBA Size Standard Calculation
Schwabe, Williamson & Wyatt, January 2022

This is a reminder that as of January 6, 2022, the Small Business Administration is requiring all small businesses to use a five-year period of measurement in determining their size under a revenue-based size standard. On January 6, 2020, the SBA published its final rule providing for a five-year period of measurement for determining a small business’s size under revenue-based size standards...

Chilean Financial Market Commission Opens Public Consultation on Regulation of Fees on Money Lending Operations
Carey, January 2022

In compliance with the mandate set forth in Article 19 ter of Law No. 18,010 (the "Money Lending Operations Act"), incorporated therein by Law No. 21...

Maritime Industry Ready and Fit for 55 – vol. 3: Revision of the Energy Taxation Directive
Simonsen Vogt Wiig AS, January 2022

The Fit for 55-package To achieve EU’s Paris climate goals, the EU Commission presented in December 2019 the European Green Deal, including a commitment to reduce greenhouse gas emissions by at least 55% by 2030 (compared to 1990 levels) and become carbon neutral by 2050...

Ministry of Finance's Press Release on Foreign Source Income and Stamp Duty on Contract Notes
Shearn Delamore & Co., January 2022

The Finance Bill 2021 has recently been passed in Parliament and gazetted on 31 December 2021 (“FA”). One of the FA amendments, which takes effect from 1 January 2022, is that only income arising from sources outside Malaysia and received in Malaysia by any person who is not tax-resident in Malaysia, would be tax exempt...

Tax Updates December 2021 (SyCipLaw Tax Issues and Practical Solutions (T.I.P.S.) International Edition Vol. 4)
SyCip Salazar Hernandez & Gatmaitan, January 2022

SyCipLaw’s Tax Department has prepared an international edition of its Tax Issues and Practical Solutions (T.I.P.S.) for the last quarter of 2021. Please read the full text at https://tinyurl.com/SyCipLaw-DecTIPS-Int-Vol4-2 or https://tinyurl.com/SyCipLaw-DecTIPS-Int-Vol4-3. The SyCipLaw T.I.P.S - International Edition covers the top 10 tax issues of 2021: March 2021 1...

Eligible Uses of CARES Act Funds for Compliance and Management Expenses in 2022
Schwabe, Williamson & Wyatt, January 2022

Although the deadline for “incurring” CARES Act funds has passed, Alaska Native Corporations can still use CARES Act funds to pay for administrative and compliance related expenditures in 2022, including staff time spent administrating programs and CARES Act expenses incurred by December 31, 2022. According to U.S...

Chilean Competition Agency Files First Interlocking Lawsuit
Carey, January 2022

On December 27, 2021, the Chilean Competition Agency, Fiscalía Nacional Económica (“FNE”), filed the first lawsuit with the Chilean Competition Court, Tribunal de Defensa de la Libre Competencia (“TDLC”), for an infringement of the horizontal interlocking prohibition established in Law Decree No. 211 of 1973 (“DL 211”), against Mr. Hernán Büchi, Banco de Chile, Consorcio Financiero S.A...

Courts Begin Interpreting New Due Diligence Requirements For Trustees Before Filing Preference Actions, Pratt's Journal of Bankruptcy Law
Hunton Andrews Kurth LLP, January 2022

table border="0" width="780" cellspacing="2" cellpadding="0" tbody tr td https://www.huntonak.com/images/content/8/1/v2/81118/pratts-journal-of-bankruptcy-law-courts-begin-interpreting-new-d...

Courts Begin Interpreting New Due Diligence Requirements For Trustees Before Filing Preference Actions, Pratt's Journal of Bankruptcy Law
Hunton Andrews Kurth LLP, January 2022

table border="0" width="780" cellspacing="2" cellpadding="0" tbody tr td https://www.huntonak.com/images/content/8/1/v2/81118/pratts-journal-of-bankruptcy-law-courts-begin-interpreting-new-d...

Courts Begin Interpreting New Due Diligence Requirements For Trustees Before Filing Preference Actions, Pratt's Journal of Bankruptcy Law
Hunton Andrews Kurth LLP, January 2022

table border="0" width="780" cellspacing="2" cellpadding="0" tbody tr td https://www.huntonak.com/images/content/8/1/v2/81118/pratts-journal-of-bankruptcy-law-courts-begin-interpreting-new-d...

Courts Begin Interpreting New Due Diligence Requirements For Trustees Before Filing Preference Actions, Pratt's Journal of Bankruptcy Law
Hunton Andrews Kurth LLP, January 2022

table border="0" width="780" cellspacing="2" cellpadding="0" tbody tr td https://www.huntonak.com/images/content/8/1/v2/81118/pratts-journal-of-bankruptcy-law-courts-begin-interpreting-new-d...

Leveraging Fintechs and Big Data in a Fair Lending Focused 2022
Bradley Arant Boult Cummings LLP, December 2021

[!<CDATA[ Over the past decade, financial technology companies (fintechs) have been on the rise, disrupting all segments of the financial industry. Their innovative technology, swift adaptation to market trends, and ability to create personalized and efficient customer experiences enabled them to reshape the way we look at, use, and provide financial services...

 

 

WSG's members are independent firms and are not affiliated in the joint practice of professional services. Each member exercises its own individual judgments on all client matters.

HOME | SITE MAP | GLANCE | PRIVACY POLICY | DISCLAIMER |  © World Services Group, 2022