ILN Today Post

ASEAN TODAY – REGIONAL LEGAL AND BUSINESS NEWS – FEBRUARY 2017

Scaling-Up Nutrition Movement
The ASEAN Secretariat met with the United Nations (UN) Scaling-Up Nutrition (SUN) Movement Coordinator earlier this month to address food security and malnutrition in the region. The UN hopes that ASEAN will be a gateway for the sharing of best practices and knowledge to help end malnutrition in the region and in all SUN countries. The SUN Movement’s operating principle is that everyone has the right to food and good nutrition. The Regional Report on Nutrition Security in ASEAN Volume 2 published in 2016 shows that stunting and wasting in children five and under is a severe public health problem in the ASEAN member states. An estimated 5.4 million children suffer from low weight-for-height and 17.9 million suffer from low height-for-age.

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He who shares, wins – buying residential property

Where two or more individuals purchase residential property they have to decide whether they will hold the property as joint tenants or as tenants in common. The purpose of this article is to explain the distinction between these two options, provide some insight into the circumstances in which each may be most appropriate, and highlight some of the issues that need to be taken into consideration.

 

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Prorrogado Prazo de Audiência Pública sobre Consultoria de Valores Mobiliários

A Comissão de Valores Mobiliários (CVM) prorrogou até o dia 20.03.2017 o prazo para recebimento de sugestões e comentários a respeito da Audiência Pública SDM 11/2016, que discute três normas relacionadas à atividade de consultoria de valores mobiliários.

 

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Insolvenzverwalter Kübler: mit Verkauf des Dresdner Seidnitz Centers am Ziel

Dresden, 7. März 2017. Das Dresdner Seidnitz Center hat einen neuen Inhaber: Insolvenzverwalter Dr. Bruno M. Kübler hat das Dresdner Einkaufscenter an potente ausländische Investoren veräußert. Damit ist die Zukunft des Seidnitz Centers langfristig gesichert. Erwerber sind die internationalen Immobilien- und Beteiligungsgesellschaften „ARAX Properties Ltd.“ (London) und „Partners Group Holding AG“ (Baar/Schweiz). Der Übergang des Seidnitz Centers an die Erwerber hat bereits stattgefunden. Über den Kaufpreis wurde Stillschweigen vereinbart.

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Week of March 6, 2017 on ILNToday – A Roundup!

roundupIt’s been another busy week here at the ILN, and we’ve officially welcomed our firm in Bogotá, Colombia, VGCD Abogados! VGCD Abogados stands out for many reasons, most notably their strong relationships with clients and well-known commitment to the projects the firm takes on. We know our members will be well served by VGCD, a firm that has such a strong sense of dedication to its work. You can see the full press release about the announcement here.

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European Commission also fines for a buyers’ cartel

Last week, the European Commission (EC) announced that it had imposed a fine of EUR 68 million on three companies – Campine (Belgium), Eco-Bat Technologies (U.K.) and Recylex (France) – for taking part in a cartel. The forth participant of the cartel, Johnson Controls (US), was exempted from the fine because it revealed the existence of the cartel.

Why is this EC decision relevant for other companies?

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Temporarily posting employees to Estonia

An EU Directive which has recently been implemented in Estonia aims to clarify which country’s employment laws apply when an employee is posted abroad to their employer for a temporary project.

If the laws of the country where the work is actually being carried out applied even for short stays, a company wishing to offer its services in the whole of the EU would have to be aware of 27 different sets of rules. To counter this phenomenon, the European Court of Justice developed a balancing mechanism to determine on a case by case basis which country’s rules apply in any given situation. However, this case-by-case approach has generated legal uncertainty, which this Directive was supposed to tackle.

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Telehealth Outlook Under the Trump Administration

What will the telehealth landscape look like under the Donald J. Trump Administration?

The Trump Administration is likely to drive telehealth advancement in a positive direction. For example, President Trump’s plan to reform the Veteran’s Affairs Department includes improved patient care through the use of telehealth technology. There are also some indications that the newly confirmed Secretary of the Department of Health and Human Services (“HHS”), Tom Price, is “telehealth friendly.” Recently, during the congressional confirmation hearings, Price mentioned a tele-stroke program in Georgia as a model of success, and he said he thought there were many things that can be done to mirror that kind of technological expansion. Price also said he is interested in promoting telehealth because it “holds great promise, particularly for rural areas experiencing physician shortages and for patients with limited mobility.”

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Beware the legal traps hiding in freemium games

Free-to-pay, or “freemium,” games are not only wildly popular, they’re hugely profitable—with top earners pulling in over a million dollars a day. Some of the biggest grossing titles you’ve probably heard of include Mobile Strike (made famous by Arnold Schwarzenegger and some very expensive Super Bowl advertising), Clash of Clans, Pokémon GO, Candy Crush and 8 Ball Pool. “Freemium,” of course, is a misnomer. While all of these games are free to download and play (to an extent), they generate revenue through a simple combination of in-game purchases and advertising. In-game purchases can include everything from additional lives and gold coins for spending in-game, to character upgrades, special “skins” and quicker completion of activities. The financial beauty of the model is that most in-game purchases are effectuated through an existing account through the applicable app platform or store, so that users may not have any real notion that they are spending money. We’ve all likely heard of or seen stories of users spending thousands, and sometimes tens of thousands, of dollars on in-game purchases.

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Talking Tax – Issue 68

Legislation

Treasury Laws Amendment (2017 Measures No. 1) Bill

The Treasury Laws Amendment (2017 Measures No. 1) Bill (Bill) has been introduced to allow investors who used an interposed trust to invest in early stage investment companies (ESIC) and early stage venture capital limited partnerships (ESVCLP) to access the concessional capital gains tax (CGT) treatment available to other investors. The amendments give effect to the original intent of the legislation as part of the National Innovation and Science Agenda.

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