Monthly Archives: July 2017

CHANGING CANADIAN TRADEMARK LAWS – THE NEXT STEPS

As part of the implementation of various changes to Canadian Trademark Laws, the Federal Government of Canada released in June, 2017 the new proposed Trademark Regulations for public consultation. Canada has been modernizing its trademark law, including by moving to join three International Treaties administered by the World Intellectual Property Organization (WIPO) dealing with trademarks.  These include the Madrid Protocol, the Singapore Treaty and the Nice Agreement.  Canada has amended the Trade-marks Act to comply with the requirements of the treaties.  It is now taking other steps toward implementation of the changes.  One of these steps is these new proposed Trademark Regulations.

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Thailand Legal Update – Petroleum Act and Consumer Protection Act

Acts and regulations posted in the Royal Gazette in June 2017 including amendments to the Petroleum Act, new regulations under the Consumer Protection Act and from the National Anti-Corruption Commission.

1. Amendments of the Petroleum Act and Petroleum Income Tax Act
To comply with the national energy stability plan and secure Thailand’s petroleum reserves, the amended Petroleum Act and the Petroleum Income Tax Act came into force on June 23, 2017. Now instead of just concessions, the government can implement joint-production ventures (JPVs) and hire of service contracts.

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How will the General Data Protection Regulation affect your business?

 

Businesses may be affected when new data protection regulations come into force in May 2018.

Breaches could result in businesses being fined and liable to pay compensation to data subjects.

Clients need to start preparing for the changes to our data protection laws as early as possible to avoid being found in breach of the regulations.

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What does the Great Repeal Bill mean for direct taxation in the UK?

Neal Todd, a partner at Fladgate LLP, goes over what the Great Repeal Bill could mean for direct taxation, as the UK exits the EU

Whatever aspects of life the electorate thought they were bringing back under control by voting to leave the European Union in last year’s referendum, it is hard to believe that direct taxation was high amongst their list of priorities.

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SECRETARIAT OF FINANCE OF THE STATE OF SÃO PAULO REOPENS THE INSTALLMENT PROGRAM FOR THE DISCHARGE OF ICMS DEBTS WITH DISCOUNTS

With the publication of Decree No. 62.709 / 17, the government of the State of São Paulo reopened the “Special ICMS Installment Program” (“ICMS – 2017 PEP”), authorizing the discharge of ICMS Values ​​of fines and default interest due.

“Debts referring to events occurring up to December 31, 2016, whether or not registered, whether or not in active, legal or civil liability, including those arising from noncompliance with ancillary obligations, may be included in the” ICMS – 2017 PEP “. Of previous installments.

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Mercado legal ve mayor dinamismo en operaciones de fusión y adquisición tras prometedor primer semestre

Si bien el impacto de las reformas concentró la labor de los mayores estudios jurídicos locales en los últimos dos años, durante la primera mitad de este 2017 se evidenció un renovado dinamismo en materia de fusiones y adquisiciones (M&A) y en el ámbito del mercado de capitales.

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TGS Baltic lawyers were chosen as leading experts by Who’s Who Legal

Four TGS Baltic lawyers were recognized among the top three leading experts in their practice field by international publication Who’s Who Legal.

Partner Vilius Bernatonis (energy), Partner Lina Darulienė (competition) and Partner Marius Matonis (corporate) were listed among the top three experts in their respective fields in Lithuania and Senior Associate Kristina Laarmaawas chosen as one of the three leading public procurement experts in Estonia.

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Recent edition of the Business Manager’s Handbook

Do you know how to apply for the state aid prescribed in the Law on Aid for the Activities of Start-up Companies? Law Office TGS Baltic, the author of the Business Manager’s Handbook, included the information on the start-up companies and the available state aid in the current supplements to the edition. The subscription edition contains comments on the requirements specified in the Law on Aid for the Activities of Start-up Companies, which should be observed by start-up companies and their investors to qualify for the state aid programmes.

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Howard & Howard expands Las Vegas office – Welcomes Little and Villamar

Royal Oak, Michigan, July 26, 2017: Howard & Howard Attorneys PLLC is pleased to announce that Martin A. Little and Alexander Villamar have joined the firm. They will practice out of the firm’s Las Vegas, Nevada office.

Martin A. Little concentrates his practice in commercial litigation, construction and personal injury.

Mr. Little received his J.D., magna cum laude from the University of Louisville School of Law in 1997 and his B.A., magna cum laude, from California State University at Fullerton in 1994. He holds the AV Preeminent® Peer Review Rating from Martindale-Hubbell, its highest rating for ethics and legal ability.

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Inheritance Tax planning for business owners is often overlooked

 

When it comes to selling up or transferring on a business to the next generation, entrepreneurs and family business owners are usually encouraged to take measures to reduce the level of Capital Gains Tax payable on the disposal of the business.  Far fewer entrepreneurs are advised to consider their Inheritance Tax (IHT) planning, though, and yet failure to consider the IHT aspects of a sale can cost families dearly in the long term, when 40% IHT is levied on the proceeds of the business sale in due course.Many think of IHT as a tax which only afflicts family wealth if the business owner is still holding the proceeds of the business sale on their death.  However, IHT is a complex tax, affecting lifetime gifts as well as assets held on death.  Successful IHT planning is not just about being caught with the proceeds ‘when the music stops’ (i.e. on death!).  It is not the tax equivalent of a game of musical chairs!
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