It never ceases to amaze real investors why respected organisations trot out the so-called "Doing
Business" type reports, which contain soothing words of comfort that mask a nation's potential suitability for foreign direct investment.
Official results of the 2012 Bahamas national elections held on Monday 7 May gave control of Parliament to the Progressive Liberal Party (PLP), with the PLP winning 29 of the 38 constituencies (or seats) up for contest.
This Guide has been produced as an aid to those seeking general information regarding Bermuda’s anti-money laundering and anti-terrorist financing regime.
Fines and penalties for breaches of the BVI’s anti-money laundering ("AML") regime have been significantly increased through recent amendments to the Proceeds of Criminal Conduct Act.
It is no secret that criminal organizations often hide, hedge or invest the proceeds from their illicit activities (dirty money) through legal businesses in order to legitimize it.
The new scheme provided by the Cyprus parliament which aims to enhance credit institutions'
access to liquidity and help them to overcome the impact of the economic crisis.
Following an evaluation of Hong Kong in 2008, the Financial Action Task Force ("FATF")1 identified the following deficiencies in the Hong Kong anti-money laundering ("AML") and counter-terrorist financing ("CTF") regime
Discusses Democratic Republic of Congo's sovereign immunity from enforcement in Hong Kong.
The Third Anti-Money Laundering Directive was transposed into Irish law on 5 May, 2010 by the Criminal Justice (Money Laundering and Terrorist Financing) Act, 2010 (the "CJA Act 2010") and has been effective as of 15 July, 2010.
In December 2012, SatTV (part of the leading space industry publisher Satellite Evolution Group) visited the Isle of Man to explore the reasons behind the Isle of Man’s phenomenally successful commercial space industry.
Stakeholders patiently waiting for guidance regarding the Foreign Account Tax Compliance Act need not wait any longer.
In this year's budget speech, the Finance Minister announced a number of tax measures, including a new transitory tax bracket designed to gradually reduce the income tax burden on income in the top tax bracket.
Last month, the government published a White Paper for public consultation, proposing the introduction of four so-called "digital rights" in the Constitution: (1) the right to Internet access; (2) the right to informational access; (3) the right to informational freedom and (4) the right to digital informational self-determination.
A discussion on infrastructure development in the Philippines through public-private partnerships.
Given the current situation in Libya, consultants, contractors and developers of infrastructure projects should continue to focus their attention on future opportunities in the country.
Sheikh Khalifa Bin Zayed Al Nahyan, President of the UAE, has issued on 11 February 2013 a federal decree bearing no. 15 of 2013 establishing a new financial free zone in the emirate of Abu Dhabi.
In Middle Eastern jurisdictions, contracts concluded by the
governments are subject to a particular regulatory framework, both
in terms of governing law and dispute resolution.
The recent civil unrest in certain countries in the Middle East and North Africa region, will inevitably lead to close scrutiny of relevant provisions in project documentation, whether a contractor, developer, lender or Governmental party.
While the affluent will pay more in taxes this year, that is probably not the case for the very wealthiest — those worth hundreds of millions or more.
On April 4, 2012, Governor McDonnell signed into law Senate Bill 110 which permits a trustee to exercise a discretionary distribution power by appointing the trust principal or income to the trustee of a second trust.