Resource Library

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.

This briefing is the first in a series that will look at legal aspects of the Solvency II regime and their implications for firms. It considers the legal framework of Solvency II, how near each element of the framework is to completion and what needs to happen next, how Omnibus II has changed the previously published regime, the transitional relief that firms can expect to get from 1 January 2016, and how Solvency II will be applied to insurers and reinsurers in the UK.

The recent cases testing the new provisions have led to a number of useful decisions to help guide foreign representatives in understanding the Canadian regime and what courts can — and are willing — to do to assist cross-border proceedings. Together with the proactive steps taken by the CLUC to create model recognition and supplemental orders in the context of foreign main proceedings, foreign representatives can find comfort that the underlying principals of the Model Law are respected and recognized in Canada.

Last year, the National Development and Reform Commission (NDRC) issued the Administrative Measures for Approval of Outbound Investment Projects (Draft for Consultation). These measures do not make any significant changes in the outbound investment project approval and verification process and timeframe set out in the Interim Measures, which they are replacing, but they do relax several requirements as well as incorporate a few regulatory changes adopted by the NDRC in recent years.

This article explains Law no. 8,212/91, which sets forth labor accidents insurance tax rates.