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AUSTRALIA: Do you have a loan from your company?
Australia,Business,Funding,Regional Law

Reading Time: 3 minutesDivision 7A of the Tax Assessment Act 1936 aims to prevent companies from avoiding tax by distributing tax-free profits to shareholders and associates through payments, loans and forgiven debts. A division 7A loan can include an advance of money, a provision of credit, a payment made by a company for a person, on their behalf or at […]

Philippines Legal Alert: Philippines Overhauls Corporation Law to Aid Business
Business,Philippines,Regional Law

Reading Time: 3 minutesAiming to provide a more business-friendly environment and boost the competitiveness of the economy, the Philippines recently enacted Republic Act No. 11232 or the Revised Corporation Code, which replaces the old code. Under the old law, a corporation’s maximum term of existence was 50 years. Even though this period was extendible, many corporations failed to […]

Top 10 Frequently Asked Questions answered by a Personal Injury Lawyer
Personal,Personal Injury

Reading Time: 5 minutesWould the employer be liable for the employee’s injuries if the employee is prohibited from being employed in Singapore? If an employee is prohibited from being employed in Singapore but sustains injuries, then the employer would still be liable for the employee’s injuries since Singapore’s public policy is to protect workers at the workplace. This […]

What constitutes an illegal public assembly or procession?
Criminal and Litigation,Personal

Reading Time: 7 minutesIn the past six months alone, several illegal assemblies have left Singaporeans perplexed over what an “illegal assembly” means. This article takes a deeper look into the reasons to why these cases have made the term more contentious of late. In doing so, we hope to help you make a more informed decision before committing […]

香港:在甚么情况下法院才会批准共同管养权的申请?
Divorce and Child Custody,Hong Kong,Personal,Regional Law

Reading Time: 1 minutes在近期的婚姻诉讼案件XS对LB [2018] CHKEC 639中,父亲要求拥有与母亲共同管养儿子的共同管养权要求,遭法院驳回,法院认为将儿子的管养权、照顾和管束权颁予母亲,符合儿子的最佳利益,理由是父亲和母亲的感情和沟通基础薄弱,在过去多年来,双方不能在儿子事宜上,有效地沟通和互相合作,而且母亲愿意作出一系列承诺、确认和同意,释除父亲的各种担心。

Cambodia Tax Alert: Interest Rate Update/Transfer Pricing
Business,Cambodia,Regional Law,Taxation

Reading Time: 3 minutesMarket rates On 13 March 2019, the General Department of Taxation (“GDT”) released Notification 4630, which provides the “market rates” for determining the caps on interest rate deductions for loans that had been entered into using Khmer Riel (“KHR”) and United States Dollars (“USD”) in the 2018 financial year. The “market rates” for 2018 are as […]

How do I set up a register of controllers for my business?
Business,Business Advice

Reading Time: 5 minutesIf you run a Company, Foreign Company, or a Limited Liability Partnership (“LLP”), you are required to set up a Register of Controllers. This is in accordance with the new requirement that was introduced on 31 March 2017 by the Accounting and Corporate Regulatory Authority (“ACRA”). ACRA subsequently issued and revised the ACRA Guidance on […]

Hong Kong: Mutual recognition of funds between Luxembourg and Hong Kong
Business,Funding,Hong Kong,Regional Law

Reading Time: 5 minutesIntroduction The Securities and Futures Commission (“SFC”) from Hong Kong and the Commission de Surveillance du Secteur Financier (“CSSF”) from Luxembourg have entered into a Memorandum of Understanding (“MoU”) on Mutual Recognition of Funds (“MRF”) on 15 January 2019, which will allow eligible Hong Kong public funds and Luxembourg UCITS fund (a collective investment scheme […]

Lawyer feature with Jasmine Toh from Taylor Vinters Via
Features,Lawyer Features

Reading Time: 5 minutesHaving been a corporate communications practitioner for 6-7 years, Jasmine intrigued us with this bold mid career move to become a lawyer. Imagine our delight when Jasmine agreed to share with us her motivations and journey! After graduating from the Singapore Management University (with magna cum laude) and completing Part B of the Singapore Bar […]

Vietnam Legal Alert: New Regulations Further Restrict the Scope of Local Lending in Foreign Currency
Business,Regional Law,Vietnam

Reading Time: 2 minutesThe State Bank of Vietnam (the “SBV”) issued Circular No. 42/2018/TT-NHNN dated 28 December 2018 (“Circular 42”) that amends and supplements specific articles of Circular No. 24/2015/TT-NHNN of the SBV dated 8 December 2015 (“Circular 24”) regulating lending in foreign currencies to resident borrowers by credit institutions and foreign bank branches established and operating in […]

Personal

Top 10 Frequently Asked Questions answered by a Personal Injury Lawyer

Reading Time: 5 minutesWould the employer be liable for the employee’s injuries if the employee is prohibited from being employed in Singapore? If an employee is prohibited from being employed in Singapore but sustains injuries, then the employer would still be liable for the employee’s injuries since Singapore’s public policy is to protect workers at the workplace. This […]

Business

AUSTRALIA: Do you have a loan from your company?

Reading Time: 3 minutesDivision 7A of the Tax Assessment Act 1936 aims to prevent companies from avoiding tax by distributing tax-free profits to shareholders and associates through payments, loans and forgiven debts. A division 7A loan can include an advance of money, a provision of credit, a payment made by a company for a person, on their behalf or at […]

Gabriel The

Gabriel The (pronounced TAY) is passionate about building a mission-driven company with a clear and focused goal to make significant impact in people’s lives. He runs marketing at AsiaLawNetwork and also leads content strategy.

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