Corporate governance is the system by which companies are directed and controlled. Boards of directors are responsible for the governance of their companies. With responsibilities that includes setting the company’s strategic aims, provides leadership to put them into effect and supervises the management of the business as well as reports to shareholders on their stewardship. However, good governance can have wider impacts to the non listed sector as it is fundamentally about improving transparency and accountability within existing systems.
Please click here for corporate governance jurisdictions from around the globe, plus links to team members who specialise in this area.
UAE introduces excise tax
On 17 August 2017 the UAE adopted Federal Decree-Law No. 7 of 2017 on Excise Tax, which enters into force on 1 October 2017 (Excise Tax Law). Read more
New obligation in Singapore to keep company registers
Failure to comply with the provisions in Part XIA in most instances constitutes a criminal offence and the offender may be liable to a fine. Read more
New reporting requirements on payment practices for UK businesses
This note is relevant to any UK business if it meets the thresholds set out below.
Failure to prevent facilitation of tax evasion
The Criminal Finances Act 2017 (the Act) received royal assent on 27 April 2017, targetting the prevention of tax evasion, as opposed to tax avoidance. Read more
UAE introduces Value Added Tax in 2018
The introduction of the Value Added Tax (VAT) in the UAE follows the signing of the Unified GCC Agreement for VAT by the GCC countries on 27 November 2016. Read more
Directors’ duties and liabilities: comparison of the position under the UAE Commercial Companies Law and the DIFC regime
The comparison will be of interest to businesses that have both DIFC and onshore companies. Read more
New Regulatory Reference Regime
New FCA and PRA rules relating to “regulatory references” which form part of the senior managers regime and senior insurance managers regime. Read more
The SFC’s new ‘Manager in Charge’ Regime
On 16 December 2016, Hong Kong’s Securities and Futures Commission (“SFC”) issued a circular regarding new measures to increase the accountability of senior management personnel of licensed corporations. Read more
Directors’ Duties and Liabilities in the PRC
The legal concept of directors’ duties and liabilities is relatively new in the Chinese civil law jurisdiction, as compared with its common law counterparts. Read more
Comply or Dissolve
The CCL introduced several new legal concepts which should encourage and enhance investments in the UAE. We focus on a few novelties in relation to the limited liability and joint stock companies. Read more
European Parliament approves Trade Secrets Directive
The European Parliament has approved a new EU Trade Secrets Directive aimed at harmonising the protection of trade secrets across the EU, to facilitate cross-border investment. Read more
UK: CS01 Confirmation statement
Companies House has just published the CSO1 Confirmation statement which replaces the Annual Return, together with a Guide for directors, secretaries and persons acting as advisers to UK registered companies. Read more
New transparency regime for English companies – are you ready?
The Small Business, Enterprise and Employment Act 2015 (Act) introduced measures to increase the transparency of English companies. Read more
Directors duties: key facts
The Companies Act 2006 sets out a detailed statutory framework relating to directors’ duties (the “General Duties”). It does not exhaustively cover all the duties a director may owe to the company. Read more
Understanding social media risks
According to a recent report by SmartInsights, the total number of active social media users hit 2.307 billion in January 2016, with the total number of internet users reaching 3.419 billion. Read more