Resource Library

The FCA is consulting on major changes to the client assets and client money regime, as expected since the collapse of Lehman. The proposals aim to ensure that client money is returned promptly after a firm s failure via a two-stage distribution approach and will allow multiple pooling for limited EMIR-related purposes. The FCA also proposes a number of business-as-usual enhancements. The consultation will be of interest to firms and their clients, and to banks and others holding client money.

This article features frequently asked questions for Irish Collective Asset-management Vehicle (ICAV) bill as it passes through Irish Legislation.

The Enforcement Committee of the French Financial Markets Authority has held a management company liable for having failed its due diligence process while investing in funds related to Bernard Madoff.

What legislation is applicable to insolvencies and reorganisations? What criteria are applied in your country to determine if a debtor is insolvent?

What legislation is applicable to insolvencies and reorganisations? What criteria are applied in your country to determine if a debtor is insolvent?

These tables are for quick reference only. They are not intended to provide exhaustive procedural guidelines, nor to be treated as a substitute for specific advice. The information in each table has been supplied by the authors of the relevant chapter.

What legislation is applicable to insolvencies and reorganisations? What criteria are applied in your country to determine if a debtor is insolvent?

The following article is a discussion of a draft of tax regulations recently approved by Parliament.

<a href="http://www.terralex.org/publication/p34769447c8/vat-on-bonuses-premiums-and-retrospective-discounts-the-disputes-go-on">VAT on Bonuses, Premiums and Retrospective Discounts: The Disputes Go On</a><br />A review of the treatment of certain compensation or financial incentives for employees under Russian law. Specifically focuses on the application of VAT.

Tax incentives granted at the federal level bolster the Brazilian economy. Those incentives apply to the oil and gas industry, in particular. Learn more about the Special Customs Regime of Export and Import of Goods destined to Exploration and Production of Oil and Natural Gas (“REPETRO”), which is one of the main incentives applicable to this industry.