Fusions & acquisitions

eAlerts Récentes

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  25.09.2023

  Ukraine

  Ukraine advances legislation for state support of projects with significant investments

  In recent years, Ukraine’s government has made attracting investments one of its top priorities. As part of this effort, the Parliament of Ukraine adopted the Law “On Amendments to Certain Legislative Acts of Ukraine on Implementation of Investment Projects with Significant Investments”, which came into force on 17 September 2023. The Law expands financial and operational incentives to companies investing at least EUR 12 million, thus contributing to reconstruction and recovery of Ukraine.The key changes introduced are the following:reducing the minimum required amount of investment...

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  05.09.2023

  Oman

  The New Oman Social Protection Fund Law - Key Changes

  The Sultanate of Oman as a welfare state has for long operated under the old Public Authority for Social Insurance (PASI) Law (Royal Decree 72/9). Recently however, Oman has enacted the novel Social Protection Fund Law (SPFL) (Royal Decree 52/2023) in an attempt to enhance its social welfare framework by creating a single and unified social protection fund that improves financing and provides a wide range of benefits to workers and their families. This article provides an overview of some of the key aspects of the new law and compares it with its repealed predecessor, by highlighting the key impacts...

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  18.08.2023

  Chine

  Chinese Central Government Further Promotes Foreign Investments

  On 13 August 2023, the State Council of the People’s Republic of China (“PRC”) released its Opinions on Further Optimizing Foreign Investment Environment and Reinforcing the Efforts to Attract Foreign Investment (“Opinions”).In the wake of a rather weak rebound of the economy, since the beginning of 2023, China has increasingly made efforts to carry out series of activities for the "Year of Investment in China" to attract more foreign capital. The release of the Opinions must be seen against this general background.The Opinions contain in total 24 items to address...

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  04.07.2023

  Ukraine

  Ukraine resumes large-scale privatisation

  On 22 June 2023, the Law of Ukraine No. 3137-IX “On the Introduction of Amendments to Some Legislative Acts of Ukraine Regarding the Optimisation of the State Property Fund of Ukraine, Improvement of State Property Management and Effectiveness of the Sanctions Policy” came into effect with provisions of this law related to the management of sanctioned assets to be effective on 22 September 2023.The law enables large-scale privatisation of state assets and state companies while martial law is in place, enhances the centralisation of the State Property Fund of Ukraine, extends the powers...

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  13.06.2023

  Middle East

  UAE Corporate Tax Law: When does a non-resident juridical person have a UAE Nexus?

  BackgroundThe UAE enacted its Corporate Tax Law (the “CTL”) in December 2022 (Federal Decree-Law No. (47) of 2022 on the Taxation of Corporations and Businesses). The CTL came into force on 1 June 2023. The main corporate tax rate of 9% applies on income exceeding AED 375,000 (roughly USD 102,000). The CLT provides that the rate of corporate tax which applies to “Qualifying Free Zone Persons” is 0% with respect to qualifying income and 9% on non-qualifying revenue.Under Article 11 of the CTL, a taxable person includes a non-resident person which has a UAE nexus.Cabinet Decision...

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  05.06.2023

  Middle East

  UAE Corporate Tax Law: What Constitutes Qualifying Income for Free Zone Persons?

  BackgroundThe UAE enacted its Corporate Tax Law (the “CTL”) in December 2022 (Federal Decree-Law No. (47) of 2022 on the Taxation of Corporations and Businesses). The CTL came into force on 1 June 2023. The main corporate tax rate of 9% applies on income exceeding AED 375,000 (roughly USD 102,000). The CLT provides that the rate of corporate tax which applies to “Qualifying Free Zone Persons” (“QFZP”) is 0% with respect to qualifying income (“Qualifying Income”) and 9% on non-qualifying revenue (“Non-Qualifying Revenue”).After much anticipation,...

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