Emirats Arabes Unis

eAlerts Récentes

•  

  28/11/2024

  International

  CMS’s insights on COP29 themes

  The discussions at COP29 Azerbaijan show how difficult it is to achieve global environmental goals. CMS lawyers have been reflecting on the themes of the conference in short videos and articles, housed on the CMS COP29 hub.A summary of CMS’s coverage is below and if you’d like to hear directly from the CMS COP29 delegates, now home from Baku, please join their discussion on Friday 29 November by registering here: CMS at COP29 online sessionBridgett Majola reflects on the need to align climate finance contributions with global needs and the current situation in Africa.Munir Hassan discusses...

  Lire la suite
•  

  25/11/2024

  International

  Pre-hedging: IOSCO publishes delayed Consultation Report

  On 21 November 2024, the International Organization of Securities Commissions (“IOSCO”) published a consultation paper in response to concerns about the appropriateness of pre-hedging practices raised by various market participants, standard setters and national and supra-national authorities. In short, pre-hedging is the well-established practice by which dealers in certain markets look to hedge their exposure to anticipated client orders for a number of reasons, including to enable the dealer to take on the risk of the client order once confirmed, and to offer a competitive price.BackgroundEuropean...

  Lire la suite
•  

  21/11/2024

  Middle East

  New Guide on Tax Residence and Tax Residency Certificates Application Procedure - Natural Persons

  On 18 October 2024, the Federal Tax Authority (FTA) released a Tax Procedures Guide TPGTR1 (the “Guide”) on Tax Residents and Tax Residency Certificate (“TRC”).The Guide outlines the criteria for determining when individuals or legal entities qualify as Resident Persons under the UAE Corporate Tax Law (the “CTL”) (as defined by Article 11(3) of the CTL), Tax Residents under UAE domestic law or Tax Residents under Double Taxation Agreements (“DTAs”) (as defined by Articles 3 and 4 of Cabinet Decision No. 85 of 2022).Tax residency rules in the UAEResident...

  Lire la suite
•  

  19/11/2024

  International

  ESG update: transition planning, sustainability disclosures and enforcement

  A lot has happened in the world of ESG over the last few weeks. We have seen important announcements from the UK Government, the conclusion of COP16 and the ongoing COP29 (which you can read about here, here and here). We have also seen some important updates from the UK, EU, US and international bodies relating to transition planning, sustainability disclosures and enforcement action in respect of corporate reporting. We discuss some of these developments below.A. Transition Planning1. TPT publishes final reportOn 25 October 2024, the Transition Plan Taskforce (“TPT”) – which...

  Lire la suite
•  

  18/11/2024

  UAE

  New Guide on Tax Residence and Tax Residency Certificates Application Procedure – Juridical Persons

  On 18 October 2024, the Federal Tax Authority (FTA) released a Tax Procedures Guide TPGTR1 (the “Guide”) on Tax Residents and Tax Residency Certificates (“TRC”).The Guide outlines the criteria for determining when individuals or legal entities qualify as Resident Persons under the UAE Corporate Tax Law (the “CTL”) (as defined by Article 11(3) of the CTL), Tax Residents under UAE domestic law or Tax Residents under Double Taxation Agreements (“DTAs”) (as defined by Articles 3 and 4 of Cabinet Decision No. 85 of 2022).Tax residency rules in the UAEResident...

  Lire la suite
•  

  08/11/2024

  International

  COP16 – some breakthroughs made, but key issues left unresolved

  2 November 2024 marked the conclusion of the 16th meeting of the conference of the parties to the Convention on Biological Diversity (the “Convention”) in Cali, Columbia (“COP16”). Over 23,000 representatives from governments, civil society and businesses attended COP16 - a record number for a biodiversity conference – which is a testament to the increasing importance being attributed to mitigating the risks associated with biodiversity loss. Much was expected of COP16, but despite some positive breakthroughs on using genetic resources and representation of indigenous...

  Lire la suite