Articles Directory

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Relationship Status and Related Legal Rights

As stated in a recent online article for a national newspaper ‘Statistics show that two thirds of cohabiting couples in England believe that they have automatic rights or the same rights as married couples/couples in a Civil Partnership, simply by virtue of the fact they live[...]
Date: 02 Mar 2018
Jurisdiction: United Kingdom

Changes to Dutch dividend withholding tax as of 1 January 2018

Following a reform as per 1 January 2018 of Dutch tax law, dividend withholding tax (DWT) should now also be charged on profit distributions by holding cooperatives, but it also favorably extends an existing DWT exemption for qualifying recipients.[...]
Date: 14 Feb 2018
Jurisdiction: Netherlands

Tax and Compliance Considerations when investing into Indonesia from Singapore

Things in Indonesia are booming. When I talk with those unfamiliar with Indonesia, they are often amazed. I maintain that Indonesia is one of the world’s best kept secrets. So many people do not even know that Bali is a part of Indonesia.[...]
Date: 14 Feb 2018
Jurisdiction: SingaporeIndonesia

SFC bans former Investment Counsellor for taking confidential client lists

The Securities and Futures Commission (“SFC”) announced on 22 January 2018 that under section 196(1)(iii) of the Securities and Futures Ordinance (“SFO”) it has banned former DBS Bank employee Mr Chan Wai-Nun from re-entering the industry for a period of 6 months, on the grounds[...]
Date: 08 Feb 2018
Jurisdiction: Hong Kong

First Hong Kong criminal conviction for actively marketing unlicensed regulated activities carried out overseas

Case background On 21 September 2017, the Securities and Futures Commission (“SFC”) issued a press release about its conviction against ETRADE Securities (Hong Kong) Limited (“ETrade HK”) for actively marketing to the Hong Kong public US brokerage services provided by E*TRADE[...]
Date: 07 Feb 2018
Jurisdiction: Hong Kong

SFC bans investment consultant for four months for taking client orders on an unrecorded mobile phone

The Securities and Futures Commission announced on 11 October 2017 that Mr Xu Tao, a former investment consultant of China International Capital Corporation Hong Kong Securities Limited (CICC), has been banned from trading for four months.[...]
Date: 07 Feb 2018
Jurisdiction: Hong Kong

SFC announces full roll-out of Manager-In-Charge regime

In January last year, we wrote about upcoming changes to the Manager-In-Charge Regime. It was announced then that Managers-In-Charge (MIC) of eight core functions should have applied for approval to become Responsible Officers (ROs) by 16 October 2017. In addition, licensed[...]
Date: 07 Feb 2018
Jurisdiction: Hong Kong

Doing business in Hong Kong

The Hong Kong Government encourages free enterprise. The formalities and requirements for establishing a business are simple and straightforward. Generally there are no regulations concerning a company’s minimum capital, the degree of local/overseas participation in the[...]
Date: 07 Feb 2018
Jurisdiction: Hong Kong

Initial Coin Offerings hit Regulatory Walls

The emergence of digital currencies and blockchain technology has now paved the way for various blockchain-based companies to raise billions of dollars by initial coin offerings (“ICOs”). An ICO occurs when a company sells digital tokens or existing digital coins (such as[...]
Date: 07 Feb 2018
Jurisdiction: Hong Kong

Paradise Lost

To many people, sun-kissed beaches lapped by the clear blue waters of the Caribbean form a vision of paradise. Yet for the rich and famous they are more than just a playground, as many of these small islands also provide a safe haven for their riches. The area is susceptible to[...]
Date: 16 Dec 2017