Corporate Law & Transactions

Recent Articles

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  10/09/2024

  Oman

  Corporate Law Updates in Oman: Key Changes for Businesses

  Recent updates to Omani corporate law have introduced significant changes for businesses operating in the country. These updates include a new requirement for companies to authorize and delegate authority for the Ministry of Commerce, Industry, and Investment Promotion (MOCIIP) filings, a mandate for all companies to hire an Omani employee within one year, and new regulations for identifying and recording ultimate beneficial owners (UBOs). These changes have important implications for businesses, and it is essential to be aware of and comply with them.This article provides an overview of the three...

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  10/09/2024

  China

  China’s opens its healthcare sector to more foreign investment

  On 8 September 2024, the China’s Ministry of Commerce (MOFCOM), the National Health Commission (NHC) and the National Medical Products Administration (NMPA) issued a joint Circular on the pilot programmes to further open the republic’s healthcare sector to foreign investors. The Circular outlines two major initiatives: the establishment of wholly foreign-owned hospitals in select regions, including Beijing and Shanghai, and the engagement of foreign-invested enterprises (FIEs) in biotechnology within designated free trade zones (FTZs).Key points of the Circular1. Biotechnology development...

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  09/09/2024

  United Kingdom

  UK Tax Disputes Digest (Summer 2024)

  Welcome to the Summer 2024 edition of our UK Tax Disputes Digest: a high-level summary of key developments in contentious tax over the last few months for heads of tax, finance directors, general counsel and other in-house professionals.As with previous editions, we have seen a continued increase in HMRC activity across various areas. Both individual and corporate taxpayers would be well-advised to check their tax position as soon as possible to prepare for any potential HMRC investigation into their tax affairs.In this edition, we look at just a few of these developments, including the latest...

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  04/09/2024

  United Kingdom

  How the New FCA Listing Rules Have Changed for Closed-Ended Investment Funds

  IntroductionOn 29 July 2024, the new Listing Rules came into force (new UKLR), which aim to simplify and streamline the regulatory framework, reduce the administrative burden on issuers, and enhance investor protection and market integrity.The new UKLR introduced a single listing category for operating companies, known as the equity shares (commercial companies) category (ESCC), abolishing the previous two tier structure of premium and standard listings for operating companies.Closed-ended investment funds have retained their separate listing category, although the relevant rules are now in Chapter...

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  28/08/2024

  Ukraine

  Ukraine launches large-scale privatisation

  The State Property Fund of Ukraine (SPFU) has unveiled the Large Privatisation-2024 project, an ambitious initiative to attract strategic investors and stimulate economic growth through the privatisation of state-owned assets.Following the success of small-scale privatisation efforts, this initiative is a key element of Ukraine’s broader economic reform strategy. It aims to enhance transparency, improve efficiency, and drive foreign investment into the country. The key highlights of the privatisation effort are as follows:Top assets for privatisation. The programme has identified several...

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  20/08/2024

  Saudi Arabia

  Explore investment in Saudi Arabia: the new investment law

  IntroductionAs part of our Explore Investment in Saudi Arabia series, in this article we focus on the new Investment Law[1] (the “Investment Law”), which was published on 16 August 2024, and forms part of one of the goals of Vision 2030 to attract foreign investment to the Kingdom of Saudi Arabia (the “KSA”).The Investment Law is expected to come into force around 16 February 2025 (being 180 days after its publication in the Official Gazette) and will replace the Foreign Investment Law[2] (the “Foreign Investment Law”). Implementing Regulations that will set...

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