New Rules for Independent Audits

Read more on the impact of the new Turkish Audit Rules on Turkish companies, which shall now have their audits carried out by independent auditors. 

Italy - Dismissal Regulations After the Jobs Act

Following the "Jobs Act” – the new labour reform, initiative of the Renzi government, passed by the Parliament (Law dated 10.12.2014 no. 183), there are a set of new regulations to be considered. Read the Summary drafted by Mr. Piercarlo Antonelli, partner of Franzosi Dal Negro Setti.

Malta MicroInvest Scheme

The MicroInvest Scheme, launched by Malta Enterprise, is a tax credit incentive aimed at encouraging micro enterprises and self-employed individuals to improve and expand their business. This article describes the relevant qualification criteria and conditions governing this scheme.

Non-Guaranteed Overtime Included in Holiday Pay?

A summary of the recent employment law judgment in the UK on whether overtime should be included in statutory holiday pay.

In November 2014 the Employment Appeal Tribunal held that “non-guaranteed” overtime should be included in the calculation of holiday pay. The Working Time Regulations 1998, which implements the Working Time Directive in the UK, provide that workers are entitled to 5.6 weeks of paid annual leave.  This goes over and above the requirement of the Directive, which is four weeks.  

Expert Opinion on Indian Law

In a pending suit proceeding before the District Court of Harris County, Texas, USA (the “Court”), the Expert Opinion by way of Affidavit on Indian Law filed by Mr. Manoj K. Singh , (engaged by the Defendant) facilitated the Court to deny key claims of the Plaintiff.

In a nutshell, the Court had to decide on Defendant’s Motion to Take Judicial Notice of Indian Law in order to resolve a conflict of laws and to determine whether the law of India or the law of Texas should apply to the several of Plaintiff’s claims.

ATED: What's in the Envelope, George?

Lurking in the fine detail of the Chancellor’s Autumn Statement is the news that the annual tax on enveloped dwellings (ATED) is to increase in rate and scope, with effect from 1 April 2015.

Compliance - Do You Have A Program in Place?

Do you have a compliance program in place if the regulators come knocking? A compliance program is a bundle of policies and procedures designed to identify legal and regulatory problems, correct identified deficiencies, and create a mechanism to prevent future problems. To be considered "effective," a compliance program must contain several core elements. The eight elements noted by the United States Sentencing Commission Guidelines (USSCG), while not binding on Canadian compliance programs, provide a good blueprint that, if followed, would likely satisfy Canadian requirements. 

Role of Co-Owners under Indian Patents Act

In the patent licensing arena, widespread presumption is  that the Indian Patents Act 1970, treats ‘patent, published, but yet to be granted” as though the patent  is granted. With regard to commercialization of IPR,  patent licensing plays a pivotal role as a tool of business  and marketing.  And what about the provisions for the co-owners of a patent?

New Brazil Anticorruption Law

The Anticorruption Law (Law No. 12.846/2013), which sets forth administrative and civil  liability for corruption practices, indicates a change in the attitude and mentality of the companies, meaning that they now formally prevent the occurrence of wrongful acts, in compliance with the new law. 

Lack of Electricity: Force Majeure or Not?

Is  lack of electricity considered an event of Force Majeure for Non-Performance of a developer’s contractual obligations? Ashraf El Motei, Managing Partner of Motei & Associates, shares an insight into a recent judgment in the UAE.