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Legal Updates

New Laws Address Due Diligence Over Company Ownership

By: Boase Cohen & Collins. Boase Cohen & Collins lawyers have been given a detailed briefing on two new pieces of legislation designed to further combat money laundering and enhance transparency surrounding corporate ownership. The Anti-Money Laundering and Counter-Terrorist Financing (Financial Institutions) (Amendment) Ordinance brings changes to the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (Cap. 615) and

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Mission for Migrant Workers Honours Boase Cohen & Collins

By: Boase Cohen & Collins. Boase Cohen & Collins’ proud record of service to the Mission for Migrant Workers for more than three decades has been marked with a special plaque presentation. Board members and staff from the Mission visited BC&C’s offices to thank Senior Partner Colin Cohen and Consultant Melville Boase, co-founders of the firm

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A Quiet Revolution

By: Edwin Coe LLP. There seems to be a quiet revolution taking place in the real estate sector. For many years, hotel operators have leveraged off their reputation and have monetised their branding. In the hotel sector, to be a successful hotelier you need to be first class at running hotels but you do not necessarily

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New Ban-The-Box Laws Take Effect in June

By: Vorys, Sater, Seymour and Pease LLP. Currently, nine states, the District of Columbia, and 15 local jurisdictions have adopted ban-the-box laws that generally prohibit private employers from initially inquiring into an applicant’s criminal history. Effective June 2018, Kansas City, Missouri, and Spokane, Washington, will become the latest cities to have ban-the-box laws for private employers.

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Scene Set for Record-Breaking Inter-School Sailing Festival

By: Boase Cohen & Collins. A record number of competitors will take part in this weekend’s Boase Cohen & Collins Inter-School Sailing Festival as the regatta continues to grow under the firm’s title sponsorship. A total of 178 youngsters from 18 schools – two more than last year – will do battle on the waters off the

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New Secondary Legislation

By: Edwin Coe LLP. A House in Multiple Occupation (HMO) is a building which consists of one or more units of accommodation which are occupied by persons who form more than one household. Currently, under Part 2 of the Housing Act 2004, an HMO is subject to mandatory licensing if it comprises three or more storeys

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Charitable Giving Under the New Tax Act – The Standard Deduction Bump

By: Williams Parker Harrison Dietz & Getzen. One of the more visible changes from the Tax Act will be the increase in the standard deduction. When completing an annual tax return, a taxpayer has the choice to either take a standard deduction or to itemize deductions. The standard deduction is a flat dollar amount which reduces

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When is a Rose Not a Rose? IRS Tries to Plug Carried Interest Loophole by Claiming Roses are Not Flowers

By: Williams Parker Harrison Dietz & Getzen. The sweeping tax law passed in December requires partners holding some “carried interests” (partnership interests disproportionately large as compared to the relative capital contributed) to recognize gain at ordinary income tax rates (up to 37%) if their holding periods do not exceed three years, as opposed to the one-year

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It’s That Maddening Time of Year Again: March

By: Vorys, Sater, Seymour and Pease LLP. Now that March is here we want to take a moment to remind you that MARCH MADNESS is a registered trademark of the National Collegiate Athletic Association (NCAA). Other terms commonly used in connection with the college basketball tournament like, ELITE EIGHT, FINAL FOUR, and MARCH MAYHEM are also

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