CRA narrowly interprets foreign affiliate income recharacterization rule. Read this short blurb to find out more.
Upon the enactment of Brazilian Law 9876/99, of November 26, 1999, a part of the system of social contribution payable by companies was modified, and one of the contributions payable by companies was fixed at 15% of the invoice for services rendered by work cooperatives. However, it seems that the requirement for the engaging companies to pay a 15% contribution on the invoices for services from work cooperatives is totally unconstitutional. This article explains the unconstitutionality of this law and discusses the impact of recent court decisions pertaining to this issue.
As a general rule, no minimum corporate capital is legally required for a limited liability company. It is usually suggested that the amount of the corporate capital be consistent with the initial operational needs of the company. In the event that a higher amount is needed afterwards, the partners may increase the corporate capital amount at any time, provided that the initial corporate capital has been fully paid-in. This article discusses liability, obligations, and other legal issues associated with partners’ capital, in accordance with Brazilian laws.
On 20 October 2011, the European Commission proposed a new directive on criminal sanctions for insider dealing and market manipulation. This proposal was approved by the European Parliament on 4 February 2014. In this legal alert, we outline the main changes.
The Minister of Natural Resources introduced legislation on Thursday, January 30, 2014 that would see important changes to Canada’s offshore oil and gas regime. The Energy Safety and Security Act (the Act) contains amendments to the Canada Oil and Gas Operations Act and the Canada Petroleum Resources Act, along with the federal Accord Acts governing exploration and production offshore Nova Scotia and Newfoundland and Labrador.
A brief overview on the Novartis Pharmaceuticals Canada Inc. v. Cobalt Pharmaceuticals Co., 2014 FCA 17 (Novartis) case.
This article provides startups and entrepreneurs with a cursory guide on when to consider hiring their company’s in-house legal counsel.
A social media policy is highly desirable for setting clear standards in the workplace, but employer regulation of employees' out of work activities must be reasonable. Read this article to learn how you can use a social media policy for your employees.
This Top Ten examines ten hot-button privacy and data security issues and presents questions to help you gauge whether your organization is at risk, in the U.S. or abroad.
On 22 January 2014 the European Commission adopted a Recommendation with non-binding minimum principles for shale gas instead of the binding Directive as initially sought. Read this article to find out more.