Monthly Archives: October 2015

Week of October 26, 2015 on ILNToday – A Roundup!

roundupI know I regularly say this, but it’s hard to believe that we’re at the end of October, and ready for the final two months of 2015! I hope that means everyone is getting their 2016 plans ready, and is chipping away at the last of their 2015 goals!  Also, I realized the other day that Sunday marks my 11-year anniversary with the International Lawyers Network, and it’s even harder to believe how quickly eleven years have flown by. I suspect my 12th year will be the most exciting yet (and not just because it’s the next one)!

Right now, we’re going to focus on a roundup of this week’s top articles from ILNToday, so grab your coffee and take a gander! As an aside, you’re DEFINITELY going to want to check out EBG’s Employment Law This Week video in our second article – it is some seriously excellent content!

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ILN Today Post

Who needs a personal shopper…I have my iPhone!

It’s not fair to say traditional media no longer have consumer appeal; after all the John Lewis Christmas ad makes its own headlines each year!

However, new technologies are creating ways for fashion retailers to connect with shoppers in a cheaper, more immediate manner.

Last year, Regent Street was the first street in Europe to adopt Beacon technology in each of its stores. Retailers, airports and shopping centres are increasingly adopting this evolving technology.

What is Beacon?

Beacons are small wireless devices which can be placed around stores to send electronic content to shoppers’ smartphones, using the shopper’s location in store and information on their buying preferences.

While the technology is still in fairly early stages, the possibilities seem endless.

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ILN Today Post

Mumbai gets favorable order from Bombay High Court

The deal was relating to an Agency agreement between an Indian agent and our client, a foreign principal. The Agency Agreement was for supply of certain material by our client against a Government Tender. The Agreement was for a period of 10 years.

Our client terminated the Agreement by giving due notice. The Indian agent filed civil suit for declaration stating that the Agreement was wrongly terminated and he continues to be the agent. 

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ILN Today Post

Update on labor law reforms in India

October 30, 2015

The Government of India is focusing on thorough revamping of existing labour law with sole objective of making it easier to do business in India and create jobs.

  • The Labour Ministry has drafted a bill to integrate three of the existing labour laws i.e. Trade Unions Act, Industrial Disputes Act and Industrial Employment (Standing Orders) Act into a single code for industrial relations.
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ILN Today Post

Luxembourg is deleted from the map of Hungary

The recent amendment of the Luxembourg – Hungary double tax treaty will result in a sharp decrease of Luxembourg-based schemes for Hungarian real estate transactions. Those groups which currently use such schemes for holding their Hungarian real estates will need to react fast.

Foreign investment groups often structure acquisitions of Hungarian real estate through Luxembourg-based holding companies. In such schemes each Hungarian real property is owned by a separate Hungarian company which is, in turn, held by the ultimate shareholder through a foreign holding company, often established in Luxembourg. From a tax point of view, this scheme provides an optimal solution not only for the continuous income flow from the real estates, but also for an eventual sale of the real estate.

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McDonald Hopkins Government Strategies Advisory: This Week in Washington — October 30, 2015

On Thursday, after weeks of tumult over who would lead the GOP, the House formally elected Rep. Paul Ryan (R-WI) – Chairman of the House Ways and Means Committee – as Speaker of the House. Despite opposition to Ryan from some outside groups, just nine Republicans voted against him on the floor of the House.

Ryan will succeed John Boehner (R-OH), who handed the gavel off to Ryan in a teary exit from Congress this week. 

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ILN Today Post

OSCPA 2015 Health Care Conference (Richard Blake)

McDonald Hopkins member Richard Blake will be a presenter at the Ohio Society of CPA’s 2015 Health Care Conference. This year’s conference is focused on bracing for the changes ahead. Richard will be presenting on fraud in health care, discussing recent trends in federal state investigations and prosecutions of health care-related fraud. 

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ILN Today Post

Webcast — Leaving a legacy: Supporting the future of your family

In the midst of planning for estate tax reduction, control of property, and related income tax issues, planning for “peace of mind” and family harmony often receives less attention. Addressing these issues in concert with the tax and control issues increases the likelihood of success of the estate plan. 

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ILN Today Post

Leaving a legacy: Supporting the future of your family

In the midst of planning for estate tax reduction, control of property, and related income tax issues, planning for “peace of mind” and family harmony often receives less attention. Addressing these issues in concert with the tax and control issues increases the likelihood of success of the estate plan. 

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John T. Lynch Elected as Chairman of the Board of Directors of The Hundred Club of Mass., Inc.

On September 17, Davis Malm shareholder and Executive Committee Member John T. Lynch was unanimously elected as Chairman of the Board of Directors of The Hundred Club of Massachusetts, Inc (The Club). Mr. Lynch is only the second person to serve as Chairman as he succeeds Norman Knight, a founding member of the Club who served as Chairman since the Club’s organization in 1959. Upon his retirement, Mr. Knight nominated Mr. Lynch to succeed him.

“I feel honored an humbled to be elected to succeed Norman Knight as Chairman,” said Mr. Lynch. “I am totally committed to follow the creed of the Club in regard to our beneficiary families – ‘We care for those who care for us.’ ” 

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