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International Lawyers Network

The International Lawyers Network (ILN) is a leading association of 91 high-quality, full-service independent law firms.

Since 1988, the ILN has helped its members keep pace with today’s global economy, through access to the tremendous strength and depth of the combined expertise of 5,000 lawyers in 67 countries on six continents.

ILN member firms are among the most respected and most experienced counsel in their jurisdictions. Clients’ increasing need for reliable foreign counsel is well-met by the personalized, high-quality and cost-effective legal services provided by ILN member firms. Unique to the ILN are the strong personal and professional relationships among its members and their clients developed over the past 26 years. Far from a mere directory, the ILN is an affiliation of lawyers who gather on a regional and worldwide basis annually and work routinely with each other to address client requirements and needs.

Each of the ILN’s member firms is international in outlook and staffed by highly trained senior attorneys, who are experts in a broad range of practice areas. ILN members have demonstrated experience in working successfully with international companies. They are independent, mid-sized firms within their jurisdictions, and are committed to the focus of the International Lawyers Network, admitted to the Network only after a rigorous application process. The ILN provides clients with high-quality service from experienced local counsel who work in firms that maintain excellent reputations in their own countries. This means that clients have immediate access to attorneys who are native, both linguistically and culturally, to the country of interest.

The ILN’s international directory app is available for iPhone, Android and BlackBerry smartphones. To access the app, click here or log on to ILNmobile.com from your smartphone.

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Week of October 17, 2016 on ILNToday – A Roundup!

roundupWe’re here with another roundup for you this week, and excited to welcome into the fold one of our newest member firms, Hall & Wilcox. You may remember that we announced their membership last week, and so now you’ll get the benefit of their expertise in the weekly roundup as well, including an article looking at some new tax incentives for early stage investors. So grab a cup of coffee and take a look through our top posts from this week on ILNToday!

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Top Five Takeaways from MedPAC’s Meeting on Medicare Issues and Policy Developments — October 2016

The Medicare Payment Advisory Commission (“MedPAC”) met in Washington, DC, on October 6-7, 2016. The purpose of this and other public meetings of MedPAC is for the commissioners to review the issues and challenges facing the Medicare program and then make policy recommendations to Congress. MedPAC issues these recommendations in two annual reports, one in March and another in June. MedPAC’s meetings can provide valuable insight into the state of Medicare, the direction of the program moving forward, and the content of MedPAC’s next report to Congress.

As thought leaders in health law, Epstein Becker Green monitors MedPAC developments to gage the direction of the health care marketplace. Our five biggest takeaways from the October meeting are as follows:

1. While Accountable Care Organizations received high marks for quality they failed to produce Medicare savings in 2015.

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Talking Tax – Issue 54

Legislation and Government policy

Research and Development (R&D) tax incentive review

The Government has released its report of the R&D Tax Incentive review that concluded in April 2016.

The report, which was co-chaired by Chair of Innovation Australia Bill Ferris, Australia’s Chief Scientist Alan Finkel and Secretary to the Treasury John Fraser, highlights the finding that more could be done to encourage additional research and research spill-overs into other relevant sectors.

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USCIS Policy for EB-5 Redeployment and “At-Risk” Issues Discussed at IIUSA Conference

Arnstein & Lehr Attorney Ronald Fieldstone

Ronald R. Fieldstone

At the October 2016 IIUSA Conference, I was on a distinguished panel of practitioners discussing the topic of redeployment issues. The panel focused on the current USCIS Guidelines that sets forth the concept of “at risk,” which is pursuant to the draft policy statement issued on August 10, 2015 and was discussed at both the August 13, 2015 and July 28, 2016 USCIS Stakeholder’s meetings.

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Interlisting on US OTCQX (Premier Market) About To Get Much Easier: and We Can Help!

By Bernard Pinsky

OTC Markets Group has published proposed amendments for qualification rules to list on the OTCQX for all companies, including Canadian and other International public companies. These rules are scheduled to become effective on January 1, 2017.

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Clark Wilson LLP launches online system to help investors complete subscription agreements

By Victor Dudas

While being a public company is not easy, issuers accept the added costs and challenges because of the added benefits, like liquidity and increased access to capital.

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FLSA Violations You Must Avoid


Our colleague Michael Kun, co-editor of this blog, shared his thoughts on various wage and hour issues in the publication of “7 Deadly Sins,”  which discusses FLSA violations that must be avoided to ensure compliance at your company, published by TSheets.

Following is an excerpt:

“The most common issues we see regarding meal and rest periods occur in states like California where state laws – rather than the FLSA – require that employees be provided those breaks at certain times during the day, and employees are entitled to significant penalties if they are not provided breaks in compliance with the law. …”

Read the full post here.

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Enduring Powers of Attorney Guide

Our Wills and Probate Unit is pleased to bring you our brochure EPA, A Practical Guide to Enduring Powers of Attorney. You can download the brochure here. Please contact Kevin Doughan, Associate Solicitor, Wills and Probate Unit, for more information.

The post Enduring Powers of Attorney Guide appeared first on Holmes O'Malley Sexton Solicitors.

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Charitable giving in Wills: charity must be governed by UK law to secure IHT exemption


The UK Inheritance Tax (IHT) saving is probably the last reason why anyone would deliberately choose to leave assets to charity in their Will.  However, it is the case that leaving assets to charity is very IHT efficient, for two key reasons.  Qualifying gifts are 100% IHT exempt – the charity will not have any IHT deducted from what is left to them.  In addition, from April 2012, the estate of anyone leaving at least 10% of their net estate to charity benefits from a reduced IHT rate of 36%.  The recent Court of Appeal case of Routier & Anor v HMRC ([2016] EWCA Civ 938) is a reminder, though, that, where the Will contains a foreign element, it is dangerous to assume that the IHT charity exemption will be automatic.

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New tax incentives for early stage investors

New tax incentives for early stage investors (sometimes referred to as ‘angel investors’) have come into effect from 1 July 2016. The measures are contained in Division 360 of the Income Tax Assessment Act 1997 (ITAA) and provide a tax offset that operates as a credit against other tax payable by the investor and some CGT concessions

To qualify for the incentives, investors must subscribe for new shares in a company that meets the requirements of an ‘Early Stage Investor Company’ (ESIC) immediately after the shares are issued. The shares must be issued on or after 1 July 2016.

The new concessions link to the Government’s policy of encouraging innovation and assisting with the acceleration of start-ups.

What are the tax incentives?

Broadly, the Act provides investors with:

  • a 20% non-refundable carry-forward tax offset for qualifying investments, capped at $200,000 for each investor and their affiliates (combined) per year
  • a deemed capital account treatment and an exemption from capital gains tax (CGT) for qualifying investments held between one and ten years (capital losses on investments held for less than ten years must be disregarded) (tax incentives). Investors who hold the shares for at least 10 years receive a market value cost base on the 10th anniversary of their acquisition

Tax offsets directly reduce the amount of tax payable by investors. As the early stage investor tax offset is a non-refundable tax offset, it can reduce the amount of tax payable to zero, but it cannot result in a tax refund on its own.

What investments will qualify?

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