Fusions et acquisitions - Contrôle des concentrations

eAlerts Récentes

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  08.11.2023

  United Kingdom

  CMA goes green with guidance supporting collaboration between businesses on sustainability issues

  With ESG firmly on the corporate agenda, recent guidance from the CMA is intended to give businesses confidence to collaborate across industries and sectors to support sustainability objectives without infringing competition law prohibitions on anti-competitive agreements. Published last month, the guidance (here) forms a key part of the CMA’s commitment to promoting sustainability and helping accelerate the transition to a net zero economy in the UK.Agreements addressed by the GuidanceThe Guidance addresses two forms of agreement:Agreements relating to environmental sustainability between...

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  07.11.2023

  Allemagne

  New German competition law gives Federal Cartel Office more power to intervene in markets

  On 7 November 2023, the 11th amendment to the German Act for Restraints against Competition (GWB) went into force after being adopted by the German parliament on 6 July. The legislation follows a draft from the German government from April this year. The recently adopted law is based on this government draft, but includes changes proposed by the economic committee of the German parliament.The 11th GWB amendment sharpens cartel law by strengthening the powers of the German competition authority, the Federal Cartel Office, in three key areas. •    The Federal Cartel Office...

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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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  25.04.2023

  Middle East

  Corporate Tax Thought Leadership Series: Anti-Abuse Rules for Small Business Relief

  BackgroundThe UAE enacted its Corporate Tax Law in December 2022 (Federal Decree-Law No. (47) of 2022 on the Taxation of Corporations and Businesses). The Corporate Tax Law applies with effect from 1 June 2023. A 9% tax rate will apply on income exceeding AED 375,000 (approx. US$102k). Despite its name, the Corporate Tax Law treats a natural person conducting business in the UAE as a “Resident Person”. Such a person’s business income would be subject to corporate tax in the UAE. Should the legislation not have extended the scope of the Corporate Tax Law to natural persons...

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  18.04.2023

  Europe

  Germany adopts proposal to give Federal Cartel Office more power to intervene in markets

  On 5 April 2023, the German federal government adopted the proposal of the 11th amendment to the German Act for Restraints against Competition (GWB) and started the legislative procedure in the federal parliament. The draft legislation follows a draft from the Federal Ministry for Economic Affairs and Climate Action from September last year. The government proposal leaves unchanged the main features of the original ministerial draft. Specifically, the powers of the German competition authority, the Federal Cartel Office, will be strengthened in three key areas.The Federal Cartel Office will be...

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