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By Rossana Chu, Jacky Chan: On 13 November 2021, COP26 ended with mixed reviews as world leaders signed off on a new climate change agreement after two weeks of intense negotiations. In this article, we will briefly discuss the key outcomes from COP26 and more importantly, the emergence of China and US cooperation to save our planet. More action is needed to keep temperatures from rising further ...

The Central Bank of the Republic of Turkey has amended the regulation on Payment Services Provider and Electronic Money Institutions on 01 December 2021. The previous regulation has been completely abolished. The amended regulation imposes new several obligations about payment services providers and electronic money institutions. A one-year period is be determined to compliance this new regulation...

In this issue of India Briefing, we outline key aspects that foreign companies must focus on when conducting due diligence on an entity operating in India. We analyze the different types of due diligence that foreign companies should consider important while investing in India. Lastly, we answer some frequently asked questions on this topic. Due diligence is usually conducted in cases of mergers a...

By Bernd Fletzberger and Miriam Broucek In November 2021, the Austrian Financial Market Authority (FMA) has issued its long-awaited amendment to the Austrian Online Identification Regulation. This amendment allows financial services providers and service providers regarding crypto currencies that are subject to Austrian anti-money laundering and know-your-customer (KYC) requirements to employ ent...

The Romanian Fiscal Code and the Fiscal Procedure Code were amended. Below you may find an overview of the most significant changes. Corporate taxes The latest changes provide that dividends received by Romanian microenterprises, may be subject to the tax exemption set forth by the Parent-Subsidiary Directive. Beginning with 2022, the expenses generated by adjustments of the receivables are 50% de...

The unvaccinated, while loudly protesting the purported disregard of their “legal rights,” are losing one legal battle after another. Their primary complaint is that they are being “forced” or “coerced” to be vaccinated, alleging that this breaches, among other things, the Canadian Charter of Rights and Freedoms, human rights legislation, the criminal code and, most ludicrously, the Nurembe...

I astonished my show host. So much for being predictable. When asked in an interview by Jamil Jovani on Newstalk 1010 this week my reaction to a local Ontario Secondary School Teachers’ Federation unit’s new policy of giving each visible minority member more votes than White members, I responded that I was ecstatic — not outraged and disgusted as Jovani expected. I should have long ago ce...

India’s Ministry of Finance issued an order on 14 June, specifying that the Cyprus has now been classified as a ‘Category I’ country for the purposes of Regulation 5 (a)(aiv) of the Securities & Exchange Board of India (SEBI) (Foreign Portfolio Investors) Regulation 2019. The Category I FPI includes entities from Financial Action Task Force (FATF) member countries or from any country specified...