Monthly Archives: May 2018

Smartphones, tablets, hard drives and the blank tape levy: Recent developments in Greece

 

 

 

 

 

The issue of the blank tape levy, due for certain devices and media which are suitable for the reproduction of protected works as equitable remuneration for the reproduction for private use, and which is payable by the importers or manufacturers of such devices, has often in recent years been a subject of dispute between creators, Collective Management Organizations and businesses of the IT and electronics sector in Greece.

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Talking Tax – Issue 120

Case law

Caratti v FCT

In Caratti v FCT (No 2) [2018] FCA 568, Mr Caratti (Taxpayer) failed to receive orders from the Federal Court for interim injunctions restraining the ATO from taking recovery action against him for outstanding tax debts of approximately $11 million. The ATO agreed to refrain from undertaking recovery action in exchange for securities and guarantees given by the Taxpayer and his guarantors, under a Deed of Agreement (Deed), however, there was a dispute as to the value of the assets under the Deed which led to the matter being heard in the Federal Court.

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ILN Today Post

TIMOTHY D. GRONEWOLD AND MICHAEL R. LIED APPOINTED TO COMMITTEES WITHIN THE ILLINOIS STATE BAR ASSOCIATION

Royal Oak, Michigan, May 29, 2018:  Howard & Howard Attorneys PLLC is pleased to announce that two of our attorneys have been appointed/reappointed to committees within the Illinois State Bar Association for the 2018-2019 term.

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Legal Transformation: The new playbook

 

 

 

 

 

 

 

Today, we’re bringing you a special guest post from the folks at Legal Gateway, who are looking at the changing legal industry. In-house lawyers: this one’s for you, but it’s equally essential for our outside counsel readers to dive into this one. This was originally published on Plexus.

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ILN Today Post

Is software a “good”?

In a recent decision, the Court of Appeal has determined that the Commercial Agents (Council Directive) Regulations 1993 (Regulations) do not apply when the agent in question is engaged in respect of the sale of tangible property – electronic goods cannot be regarded as such. Thus agents engaged in the sale of electronic items (such as computer code or software) should be aware that they may not be provided with the protections offered by the Regulations and should take steps to ensure that appropriate contractual protections are in place.

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Auditor bears the risk

The NSW Court of Appeal handed down a decision on 23 May 2018 which will be of interest to auditors and their Professional Indemnity insurers.

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What happens to your digital wealth on death and incapacity?

The statistics relating to social media use and the extent to which our lives are online are startling. In Australia, there are 15 million monthly users of Facebook.1

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ILN Today Post

Are we mischarging the VAT on leasing?

Following the recent reinterpretation by the European Court of Justice (ECJ) of the definition of closed-end finance leasing, a new Advocate General (AG) opinion has exploded another “VAT bomb” in relation to current practice. For many years, leasing companies have divided the fees payable under finance lease contracts into a VATable and a non-VATable part, but the latest AG opinion states that the whole lease fee should be liable for VAT in its integrity. This could have serious implications for the Hungarian leasing market too, so it is worth keeping an eye on how the case progresses.

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Financial Services in Focus – Issue 3

Funds and financial products

Legislation introduced regarding the second and final phase of ASIC fee-for-services industry funding model

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Great Ocean Road ecotourism project receives funding boost

A landmark Great Ocean Road ecotourism project that Hall & Wilcox is advising on has been awarded a $1.5 million grant by the Victorian Government.

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