Corporate Law

Upcoming Deadline: US Bureau of Economic Analysis BE–10 Benchmark Surveys

The Bureau of Economic Analysis (BEA) conducts various surveys of U.S. multinational companies and U.S. affiliates of foreign enterprises to generate statistical information regarding the global business activities of U.S. based companies and the impact of foreign investment by non-U.S. based companies. Generally, individuals and entities are only required to complete and file a BEA


Annual Meetings in a World Without Meetings: COVID-19 and Public Companies

Coronavirus (COVID-19) is having an unprecedented impact on the world’s economy, including historic stock market declines, a virtual standstill in business and leisure travel, closures of schools and businesses, and a focus on “social distancing” through remote working (or not working at all). These shocks are being felt acutely by public company boards of directors


A New Era of EU-Wide Crowdfunding

The European Parliament’s negotiating team reached a deal with the Council on 18 December 2019 on EU-wide rules to help crowdfunding services function smoothly and to foster cross-border business funding. Crowdfunding is progressively more of an alternative form of finance for start-ups, as well as for small and medium enterprises (SMEs) at an early stage


Luxembourg Establishes Register of Beneficial Owners of Legal Entities

In the context of the fight against money laundering and terrorist financing, the European Union (EU) adopted on May 20th, 2015, Directive (EU) 2015/849 (known as “4th AML Directive”) and on May 30th, 2018, Directive (EU) 2018/843 (known as “5th AML Directive”) (together, the “Directives“). These Directives provide for a series of measures to prevent


Crisis In Jet Airways: Should We Be Worried?

For those who have tracked the Indian aviation market over the last few years, the recent developments at Jet Airways may perhaps be a déjà vu moment. Ironically, just as India is basking in its status as one of the fastest growing aviation markets in the world, comes the news that there is trouble brewing


Opening a Representative Office in Thailand Just Got Easier

A “Representative Office” allows a foreign investor to evaluate potential market opportunities without the need to establish a subsidiary in Thailand. Thus, it provides an interesting vehicle for foreign investors who may be considering entering the Thai market. Thailand has recently made the set-up process of such an office more investor friendly. Previously, prior to


Australia’s Proposed 2018 Budget Includes New Measures Targeting Directors’ Liabilities and ‘Phoenix’ Activity

On 8 May 2018, Scott Morrison, Treasurer of Australia, delivered the 2018 budget. In addition to a number of tax cuts and related proposals, the budget includes new measures to increase director liabilities and compliance, specifically targeting illegal company ‘phoenix activity’. The Treasurer has committed $40 million over four years to tackle illegal phoenix activity


Business Entity Formation Basics

What type of legal entity should I form for my business? The answer to that question depends on, among other factors, the type, the size, the management, and the intended purpose of the business, and the country or jurisdiction in which you intend to do business. Ally Law member firm Birch Horton discusses the questions


“Doing Business And Investing In Australia” Guide Now Available

Russell Kennedy Lawyers, the Ally Law member firm located in Melbourne and Canberra, Australia, has published its Doing Business and Investing in Australia Guide providing a general overview of the key legal issues of which foreign organizations should be aware when seeking to do business in or invest in Australia. Topics covered include an overview on



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