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
For investors and business owners seeking to extend their UK Tier 1 Entrepreneur visas, Home Office processing delays can be more than just frustrating — they can be costly. For individuals who find themselves in this situation, there is an option: the Super Premium Service offered at certain UK visa centres. For a fee, applicants
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
Sometimes the only path to financing your startup is through the pitching and putting together a group of “angels” and other individual investors. That path takes time and can be frustrating; potential investors may hesitate to commit. The offer from a “finder” to introduce you to investors with cash sounds attractive. What is the downside
This spring a high level federal court of Australia issued its decision in what has been described as the most significant tax case ever litigated in Australia: Chevron Australia Holdings Pty Ltd v Commissioner of Taxation. The court found that the 9% interest rate charged on a $2.5 billion loan by a U.S. Chevron subsidiary
Ally Law member Kemp Strang, based in Sydney, Australia, has published a white paper on multi-lender financing, the arrangement by which two or more lenders agree to meet the financing requirements of a particular borrower or borrower group. While multi-lender financing has been widely used to meet the substantial capital requirements of large corporates, today it is becoming
On March 1, 2017 the New York State Department of Financial Services’ (NY DFS) Cybersecurity Requirements for Financial Services Companies (the Regulations) went into effect. The Regulations apply to any entity or organization “operating under or required to operate under a license, registration, charter, certificate, permit, accreditation or similar authorization” under New York (United States) banking
In 2016 the Malaysian Parliament passed the Companies Bill 2015 (Bill) which is expected to transform Malaysia’s corporate landscape by spurring entrepreneurship and deregulating certain aspects of corporate process. Inasmuch as the Malaysian government has yet to finalize new regulations, rules and guidelines implementing the Companies Bill 2015, the Bill itself is not yet effective
Laws, regulations, and procedures relating to real estate vary widely from country to country, state to state, and even county to county. In the United States, real estate law derives from ancient English principals, modified in different places by local needs as they evolved. Without intimate familiarity and experience with the regional requirements and peculiarities of
The United States Internal Revenue Code prescribes minimum imputed interest rates and time-value-of-money factors applicable to certain loan transactions and estate planning techniques. These rates are tied formulaically to market interest rates. The Internal Revenue Service updates these rates monthly and the full list can be found at the IRS webpage “Determination of Issue Price in the
