Tax evasion is constituted by sharing inaccurate or incomplete information with the authorities. This also holds true during the coronavirus crisis, tax relief notwithstanding. To help weather the economic impact of the crisis surrounding the coronavirus, Germany’s federal government has decided to pass tax relief that allows companies and the self-employed to, among other things, […]
Germany’s Federal Cartel Office, the Bundeskartellamt, has thrown its weight behind suppliers faced with demands for excessive discounts, and a furniture store chain has had to come to terms with limitations being imposed on its demandsby antitrust law. Businesses are not allowed to abuse their market power and put pressure on their suppliers as a […]
Dear Valuable Clients and Colleagues: In this August edition, our Legal Insight provides an executive summary of Indonesia’s new regulations enacted in April 2020 – June 2020. We have classified the list of regulations to numbers of sectors such as general corporate, employment, banking and financial services, etc. We hope you have good reading and […]
The “social media regulations” which have been a topic of debate for a while have now been enacted by Parliament through the law no. 7253 (“Amending Law”) and was published in the Official Gazette dated 30 July 2020, amending the Law no. 5651 on the Regulation of Broadcasts via the Internet and the Prevention of Crimes Committed […]
The courts are not the only venue for settling legal disputes. Arbitration proceedings are a good alternative in many domestic and international cases. Arbitration proceedings have several advantages over judicial proceedings. The former can be conducted more quickly, are less expensive, and are closed to the public. Moreover, the parties are able to choose the […]
Since the Romanian Companies Law (Law 31/1990) was passed in 1990 there have been amendments to it to make it more up to date rather than continue it in its original format. The original law was based on the French company law, and in 1990 there were very few advisors to the Romanian Government […]
By Jim Bullock Debate over the rule issued in June by the Office of the Comptroller of the Currency—that the valid interest rate on a national bank loan remains permissible after being sold to a state or local entity notwithstanding state usury law—has moved to the courtroom. Attorneys General for California, Illinois and New York […]
IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Jose Maria Allonca of Allonca Abogados. Jose has joined IR as our exclusive Commercial Law Member in Argentina. Since 1991, Allonca Abogados is focusing on the commercial operations of local and foreign companies doing business in Argentina. The firm has a strong […]
We provide herein our articles titled “COVID-19 Pandemic: Telemedicine Services based on Indonesian Prevailing Laws and Regulations” which discuss the legal frameworks for the utilization of telemedicine services especially amidst the COVID-19 pandemic period in Indonesia. Please be advised that some new measures may be implemented by the government in daily basis to keep up […]
According to World Bank estimate, Russia ranks № 40 in the world in terms of the complexity of setting up a company. This is due to both procedural features and the need to prepare a set of rules (charter), how to manage the company and how the company can conclude the contracts. Significant investments in creating a […]
Only individuals not resident in Italy qualifying as “non-resident Schumacker” may deduct social security contributions paid voluntarily by Tommaso Fonti LL.M. and Chiara Marracino The Italian Revenue Agency, in reply to question No 148 of 26/05/2020, clarified that only individuals not resident in Italy qualifying as “non-resident Schumacker” may deduct social security contributions paid voluntarily […]
Dear IR Global Members, An Indonesian property company intends to sell its prime office building located in South Jakarta, Indonesia. The specification of their office building is as follows: Land Area: ~1.2 hectare Gross Floor area: 97,365 m2, with 57,611 m2 Consists of total 36 floors, including 5 basement floors, 2 ground floors, and 1 […]