UK households feel more positive about selling their home, reflecting the growing confidence in the housing market, according to research commissioned by Halifax. The survey of 1,959 homeowners found that over half (56 per cent) feel that it will be a good time to sell their home over the next 12 months. This gives the […]
More small and medium-sized businesses (SMEs) than ever intend to export goods and services, according to the Federation of Small Businesses (FSB). The FSB’s quarterly business index has found that a net balance of 24 per cent of FSB members expect exports to rise over the next quarter. The survey of 9,000 businesses found that […]
CorpNordic has, in its capacity as agent for the maximum 450,000,000 SEK 2011/2016 bonds (ISIN SE0004296671) issued by Bactiguard, initiated a procedure in writing upon request from Bactiguard. The purpose of the written procedure is to allow bondholders to vote on an amendment of the terms and conditions in relation to the definition of Change […]
From October 2014, around 24 million people will receive a personal tax statement from HMRC detailing how their taxes were spent, the Chancellor George Osborne has announced. This is 4 million more people than was originally announced at the Budget 2012. The additional people are PAYE taxpayers who have had recent contact from HMRC setting […]
One in seven (14 per cent) people planning to retire this year do not have a personal pension, according to research by Prudential. The study of people planning to retire in 2014 found that 20 per cent of women have no pension savings, compared to 7 per cent of men. Key findings: The State Pension […]
Export sales and orders in the UK’s service sector have reached record highs, according to the British Chambers of Commerce (BCC). The Q1 Quarterly Economic Survey recorded a balance of +38 per cent for export sales and +39 per cent for export orders. These are the highest recorded balances in the survey’s 25 year history. […]
Corporate Social Responsibility (“CSR”) as a formal concept did not exist in India prior to the enactment of the Companies Act, 2013. The concept evolved with the liberalization of the economy and the advent of various welfare centric laws such as Labour laws and Environment protection laws, etc. Recently, the concept of CSR has been formalized […]
IntroductionRecently, Supreme Court of India in Enercon India vs Enercon GmBH1 revisited the laws which are largely applicable to the arbitration agreement. In this case, the arbitration agreement contained the following clause: “A proceedings in such arbitration shall be conducted in English. The venue of the arbitration proceedings shall be in London. The arbitrators may (but shall not be […]
The first stage of the pension reforms announced in the 2014 Budget has come into effect. From 27 March 2014, pension holders will find it easier to access their savings and they will enjoy more flexibility in managing their pension pots. Cashing in From 27 March 2014, the limit for cashing in pensions will be […]
Men in full time employment earned an average 33 per cent more than women in 2013, according to research by Halifax. The study reveals a persistent gender gap in the workplace despite earnings narrowing over the last decade. Women’s earnings for full-time employees have increased by 34 per cent on average since 2003 compared to […]
Watch out for the insurance holes Work visa come in three flavors: the foreigner under a quota, the foreigner in functions without quota and the Highly Qualified Specialist (HQS). The application procedure is lengthy for the first two categories (3-5 months in practice) and cumbersome: it involves various stringent medical tests which must be taken […]
30 April 2014 and 15 July 2014: the fatal deadlines! Two fatal deadlines are coming up soon: 30 April 2014 for filing your Russian personal income tax declaration and 15 July 2014 for paying the tax. Being too late means paying penalties. Not every foreigner (or Russian) should file a declaration though. The conventional wisdom […]