Asia Pacific

Corporate Breakout Session – A Re-Cap

During our  2011 Annual Meeting in Lisbon, we had specialty group breakout sessions – and lucky for you, our corporate session was recorded! The group had a roundtable discussion dedicated to the topic of “Anti-Corruption Laws and Navigating Client Businesses in Foreign Territories,” which was moderated by Alishan Naqvee of LexCounsel Lawyers in India.

Alishan began with some slides to aid the discussion, saying that there is an organization in Japan called Control Risks, who conducted a survey of about 50 companies in Brazil, France, Germany, Hong Kong, the Netherlands, the UK and the US.  All of them said that corruption is a major cost for international business, and at the same time, an increasing number of companies in the world, while they are not absolutely aware of the anti-corruption laws in their jurisdictions, most of their business is governed by them, even when doing business in other jurisdictions.

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Singhania & Co. Monthly Newsletter

In this issue we have highlighted the recent regulatory developments and exemptions. Most of these developments had been long-term demands of the Indian Corporate sector. A steady string of notifications and circulars under Companies Act, 1956 has considerably eased procedural issues.


Monthly News Letter – Latest legal Updates  July 2011

Indian Corporate Sector gets a much-needed Makeover

·         Exemption from managerial remuneration approval for unlisted companies

·         Exemption from submission of separate balance sheets for all subsidiaries

·         Registration of company in 24 hours

·         M&A regulations under the Competition Act notified

For the full newsletter, click here.

 

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Not for Profits Update – Gadens Lawyers

Charities and missions pursuing objectives overseas: at risk of losing your tax exemptions?

By Jon Cheung and Kimberley Vancuylenberg of Gadens Lawyers, Sydney

The Government has released draft legislation that will change the requirements for international charities and not-for profits to qualify for income tax exemptions in Australia. The changes refer to the special conditions found in Division 50 of the Income Tax Assessment Act 1997 that require charities and not for profits to operate principally in Australia.  read more

 

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Intellectual Property Update

Online Trade Mark Infringement: When can the use of a trade mark on a global website infringe a trade mark owner’s rights in a particular country? By Alexia Marinos of Gadens Lawyers, Sydney
The use of a trade mark on a global website (such as a .com domain) can amount to use of a trade mark in Australia if it can be shown that such use on the website is directed or targeted at Australia. If the website proprietor has not been authorised to use the trade mark on the global website, this can amount to an infringement of the trade mark in Australia.
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Competition and Consumer Law Update

Misleading Carbon Price Claims

By Merridy Woodroffe of Gadens Lawyers, Sydney

The Federal Government’s decision to implement a carbon pricing regime comes with a warning attached: businesses seeking to “gouge” customers when passing on the cost by making misleading claims will be investigated and prosecuted by the Australian Competition and Consumer Commission (ACCC).  read more

 

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Corporate Update

Shareholder’s tighten grip on the purse strings – new rules on executive remuneration commence

By Matthew Pieterse and Charles Cowper of Gadens Lawyers, Sydney

In the wake of the Global Financial Crisis, there have been renewed calls for tightening of corporate governance policies (and purse strings).  In response, the Government recently passed theCorporations Amendment (Improving Accountability on Director and Executive Remuneration) Act 2011, which took effect 1 July 2011.  read more

 

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Tax Update

Personal Liability for Company Tax Debts
Draft Legislation – Director Penalty Notices – What you don’t know can hurt you!
By Damian O’Connor, Partner, Gadens Lawyers Brisbane
The Treasury has released draft legislation dealing with changes to the director penalty notice rules announced in the 2011/2012 Federal Budget.
read more….

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Not for Profits Update

What will the Australian Charities and Not-For-Profits Commission look like? Final report on NFP Regulator released

By Jon Cheung and Kimberley Vancuylenberg of Gadens Lawyers, Sydney

In the Federal Budget delivered on 10 May 2011, several announcements were made that will affect the charity and not-for-profit sector. read more

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Corporate Risk and Insurance Update

Sparking a divide in defining ‘damage’ in business interruption claims?

Mainstream Aquaculture Pty Ltd v Calliden Insurance Ltd [2011] VSC 286

By Jessica Kinny and Ray Giblett of Gadens Lawyers, Sydney

The concept of ‘damage’ is fundamental to business interruption insurance because without it there is often no cover.  A broad approach to what constitutes ‘damage’ can therefore have a significant impact on the scope of such policies. read more

 

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Life Sciences Update

Intellectual Property Laws Amendment (Raising the Bar) Bill 

By Alexia Marinos of Gadens Lawyers, Sydney

On 22 June 2011, a Notice of Motion was given by the Minister for Innovation, Industry, Science and Research , Senator Carr to introduce the Intellectual Property Laws Amendment (Raising the Bar) Bill (Bill) into the Senate.  read more

 

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