HMRC has issued long-awaited draft regulations aimed at providing a new tax regime for regulatory capital issued in line with the Capital Requirements Regulation (CRR) element of the Capital Requirements Directive IV (CRD IV) package of regulatory reform. The regulations are to be enacted under Finance Act 2012.
This briefing examines the increasing scrutiny placed on the design and marketing of complex financial products intended for retail distribution in the UK, and offers points of comparison with other jurisdictions on the increased product intervention risk associated with these products.
Reconciling the interests of retirees with those of secured creditors is challenging both legally and practically.
CRA narrowly interprets foreign affiliate income recharacterization rule. Read this short blurb to find out more.
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?
Singapore is the first regional financial centre outside China and Hong Kong to have a RMB Clearing Bank. A RMB Clearing Bank in Singapore is expected to increase market depth and RMB liquidity circulating between Singapore and China. The Monetary Authority of Singapore (“MAS”), in consultation with PBC, has proposed certain eligibility criteria and other requirements for banks and merchant banks which wish to carry out forex transactions in China via a RMB Clearing Bank in Singapore (“China Forex Conversion”). Read this article to learn more.
The article explains in detail the correct usage, abuse of joint accounts regarding estate planning, and the importance os a well documented estate plan in Canada.
A review of mechanisms in Brazilian law in effect for the debtor to offer guarantees that will enable it to dispute debts with the respective creditor within either the legal or the administrative spheres.
A review of tax offsetting under Brazilian law as well as recent developments in the relevant laws and regulations.