Interview with Jaime Carey, Managing Partner of Carey, and Vice President of the IBA With David Adams, Managing Editor, Top Ranked Legal Jaime, I know Carey is a very old family firm. Could you give us a potted history of the firm and your place within it, please? The firm traces its roots back to […]

Argentina’s PAIS Tax (or Tax for an Inclusive and Solidary Argentina) is a tax that applies to the direct or indirect purchase of foreign currency. The maximum applicable tax rate of this tax is 30 percent. Digital services that are already subject to VAT remain taxed at 8 percent. More specifically, the PAIS Tax applies to […]

Introduction Belgium is traditionally considered an open economy and a reliable socio-economic environment for foreign investment. Although providing interesting business opportunities, starting operations in Belgium will inevitably bring along challenges. Foreign investors will be confronted with unfamiliar Belgian employment and corporate law requirements. As is the case in other EU Member States, employment and corporate law […]

The Provisional Measure (MP) No. 1,171, published on April 30, 2023, brought new tax rules for individuals who are tax residents in Brazil earning foreign income, among other provisions. To whom it applies: Individuals who are tax residents in Brazil Effective as of:  January 1st, 2024 What types of foreign income:  Income from capital invested […]

Chile allows for three main types of legal entities to be used as business vehicles, all of which grant limited liability to their shareholders or partners: Limited liability partnerships (sociedades de responsabilidad limitada or “SRL”), stock corporations (sociedades anónimas), and company by shares (sociedades por acciones or “SpA”). The SRL requires a minimum of two […]

Digital health is not a legal term defined under the laws and regulations of the People’s Republic of China (“PRC”) but is frequently referred to in commercial contexts and industry policies. Digital health usually refers to the development and use of digital technologies to popularise health knowledge and its implementation to related fields, covering the […]

The Italian supervisory authority has ordered OpenAI, the US-based developer of the popular ChatGPT platform, to immediately suspend processing of personal data of its Italian users. The decision is temporary and will stay in place until OpenAI ensures compliance with data protection rules. Among the reasons for the suspension order, the supervisory authority cited: Failure […]

It may sound obvious, but historically, economics has recognised that the profits of any business are obtained after selling or transferring an asset, at a higher value than the cost of acquiring it by the transferor. This profit margin, or greater value, has always represented income and indicates that the recipient has gained something (hence […]

In an article published on July 17, 2023, in City & State Florida, partner Robert Alfert discusses recent, significant legislative initiatives in the construction sector, focusing primarily on the overwhelming need for affordable housing, federal and state infrastructure funding, manufacturing and ‘Buy America’ requirements, and Florida’s shortened period of repose for construction claims. “While division and political posturing […]

In an article published in Accounting Today on July 25, 2023, Atlanta-based Shareholder Tom Cullinan, Philadelphia-based Shareholder Kevin Sweeney and Atlanta-based Senior Counsel John Kirbo discuss how the Internal Revenue Service is under tremendous pressure to justify the funding increases it has received from Congress. Their article outlines how they expect the IRS to deploy much of the additional funding […]

Troy Groetken shed light on the importance of trade secrets, specifically in the life sciences and pharmaceutical arenas. He also answered questions about how trade secrets contribute to a company’s value and how companies can go about establishing an effective trade secret protection program. Corporate Counsel Business Journal Interviews Troy Groetken Read the full interview here.

Partner, Harish Kumar along with Managing Associate, Itee Singhal sheds light on the recently notified online gaming rules, the gaps, and the challenges which the rapidly growing gaming industry is likely to face, in an intriguing article titled – “𝐋𝐨𝐨𝐤𝐢𝐧𝐠 𝐈𝐧𝐭𝐨 𝐖𝐡𝐚𝐭’𝐬 𝐈𝐧𝐬𝐢𝐝𝐞 𝐀𝐧𝐝 𝐁𝐞𝐲𝐨𝐧𝐝 𝐓𝐡𝐞 𝐍𝐞𝐰 𝐎𝐧𝐥𝐢𝐧𝐞 𝐆𝐚𝐦𝐢𝐧𝐠 𝐑𝐮𝐥𝐞𝐬”. Hitherto, there has been a […]

Enforcement proceedings, that is the possibility to enforce the recovery of the money owed from the debtor, is an essential aspect of the creditor’s tangible protection. Very often, however, compiling a list of the debtor’s assets necessary to search for assets to be attached is not easy, especially with regard to bank accounts and credits […]

Efforts to Respect Human Rights in Japan －Publication of the “Reference Material on Practical Approaches for Business Enterprises to Respect Human Rights in Responsible Supply Chains” by the Ministry of Economy, Trade and Industry (April 2023)－ Note: For easier understanding, sometimes the translation of the related materials does not fully follow the official translation of […]

The Convention to Homologate the Tax Treatment provided for in the Conventions to Avoid Double Taxation entered into between the States Party to the Pacific Alliance Framework Agreement (the Convention) has entered into force between Mexico, Colombia, Peru, and Chile. The four Pacific Alliance membership countries (collectively, the States) first entered into the Convention in October 2017, […]

On June 19, 2023, the Executive Branch published in the Official Federal Gazette (Diario Oficial de la Federación) the “Decree that publishes the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting executed on November 24, 2016, in Paris, France”. The instrument was deposited by the Mexican Government before […]

In the twilight of his administration on May 28, 2023, Nigeria’s immediate past President, Muhammadu Buhari, signed the Finance Act 2023 (the “Act”) into law. The Act takes retrospective effect from May 1, 2023, or such other date as may be indicated by an Act of the National Assembly, or an order or assent made […]

Today, July 12, 2023, Law No. 31828, the Young Entrepreneur Law, has been published, which aims to promote the formal hiring of young people between the ages of 18 and 29, who are unemployed for 12 months or more. Below, we detail the benefits granted through the aforementioned Law: • Simplified registration and constitution process. […]

Employers in Puerto Rico are encouraged to revise their domestic violence policies and trainings based on a recent amendment to Act No. 54 of August 15, 1989 – the Domestic Abuse Prevention and Intervention Act – to recognize economic violence as a form of domestic abuse and establish grounds to grant protection orders related to […]

In early May, the EU Parliament and Council concluded a political agreement to protect geographical indications (GIs) for  craft and industrial products, such as ceramics from La Bisbal or from Talavera, embroidery from Lagartera, inlaid pottery from Granada, damascene from Toledo, cuckoo clocks, etc. Currently, although some EU countries do protect these types of GIs, […]

A recent decision from the Swedish Labour Court exemplifies how trade secret misappropriation litigation in Sweden often gets tangled up with labour law and collective bargaining agreements. Westerberg & Partners’ Hans Eriksson untangles the complexities in a new case note published by International Law Office / Lexology in their latest newsletter on intellectual property. The article may […]

The June 2023 ruling by the Swiss Commission for Fairness, finding FIFA’s communications on carbon neutrality at the World Cup 2022 misleading to consumers, has attracted global attention. This decision acts as a strong reminder for companies to carefully evaluate their commercial communications, ensuring verifiable evidence supports environmental assertions. It foreshadows a wave of forthcoming […]

On May 24, 2023, the Federal Council adopted the dispatch on the partial revision of the Swiss Cartel Act (CartA). The aim is to modernize merger control, strengthen civil antitrust law and improve the opposition procedure. In addition, the examination of impact criteria will be reintroduced for hard cartels. The revision modernizes merger control. The […]

The second part of 28th Session of the International Seabed Authority’s Council continues in Jamaica with the international community lying anxiously in wait. One major international actor is notably absent from the discussions: the United States. Like a number of other states, the U.S. has signed but not ratified the 1982 UN Convention on the Law […]

racewell’s Andrej Kormuth recently confirmed to AGBI that its developer clients are having to allocate bigger budgets to complete projects due to the increased cost of renewables. “Inflation has created the potential for greater margin of error, particularly in relation to the construction budget,” Kormuth said. The Renewables 2023 Global Status Report showed that Africa […]

SUMMARY On July 31, 2023, the IRS issued Revenue Ruling 2023-14 (the “Ruling”), addressing the tax treatment of cryptocurrency received as rewards for validating blockchain transactions on a proof-of-stake consensus mechanism (such activity, “staking”, and such rewards, “validation rewards”). The Ruling holds that the validation rewards are includible as gross income when the taxpayer can […]

The last few years have seen a number of protest decisions addressing whether offerors comply with the requirement to be registered in the System for Award Management (SAM) at the time of proposal submission through the time of award. A recent decision from the Court of Federal Claims reminded contractors about the risks of failing […]

All man’s actions take time, and that of the State is no exception. Even less when it comes to imposing a sanction, because it is especially in these cases in which it is necessary to allow the sanctioned person the opportunity to defend himself adequately, and that takes time: because the individual must have the […]

n an article published on June 30 in HR.com’s HR Legal and Compliance, Nelson Mullins attorneys John Veysey and Rose Collins further discuss how employers must navigate reasonable accommodation for employees with ADHD while maintaining confidentiality. Veysey’s commentary includes best practices and a focus on the promotion of mental health support and diversity, equity, and inclusion in […]