In late 2009, the PRC tax authorities issued their most influential and also most controversial anti-avoidance tool, Notice 6981, to combat indirect transfers designed by offshore investors to avoid paying the 10% capital gains tax on the direct transfer of equity interests in Chinese resident enterprises. On February 6, 2015,…
International criminals are targeting staff of SMEs and multinational companies with money transfer authority in what the US…
Effectively managing corporate compliance efforts in today’s regulatory environment–preventing corporate officers and employee from engaging in illegal practices,…
On 7 April 2015, the State Administration for Industry and Commerce (“SAIC”) published the long awaited Regulation on the Prohibition of Conduct Eliminating or Restricting Competition by Abusing Intellectual Property Rights (the “Rules”), which will come into effect on 1 August 2015. The Rules are the first set of regulations…
On 30 March 2015, the Hong Kong Competition Commission released its revised draft guidelines, following a public consultation…
Various countries and their compliance-enforcing agencies request that companies have “adequate” compliance programs and organizations. But what does…
Why Should Financial Institutions, Hedge Funds And Private Equity Firms In The Asia Pacific Region Be Concerned About These Regulations In recent years, compliance risks associated with the U.S. Foreign Corrupt Practices Act (“FCPA“) and the U.K. Bribery Act (“BA“) have intensified. U.S. regulators have vigorously enforced the anti-bribery provisions…
Baker & McKenzie has released its first global client survey on Social Media. Based on the responses from international…
Hong Kong Snapshot Topic Summary Governing legislation The primary legislation governing corruption is the Prevention of Bribery Ordinance (Cap.…
Cyber attacks are a growing concern for companies around the world. Hong Kong company directors need to understand the threat, and what steps can be taken to protect their companies against them. Is your company at risk? Any company that stores valuable intellectual property or business secrets, or if they…