Bolsonaro eyes dividend tax, debt pardon as Brazil campaign turns to economy

Bolsonaro eyes dividend tax, debt pardon as Brazil campaign turns to economy

BRASILIA, Oct 6 (Reuters) – Brazil’s right-wing President Jair Bolsonaro on Thursday announced a debt pardon for some consumers and a tax on dividends to pay for welfare spending, shifting the focus of a his re-election campaign to the economy as polls tightened. His leftist challenger, former President Luiz Inacio Lula da Silva, who got … Read more

Amendments to the Employment Act and the practical responses required from companies

1.Amendments to the Employment Act and changes in the scope of application As reported in the news, the Malaysian Employment Act has been recently amended to extend the maternity leave period and grant paternity leave to male employees (for details of the amendments, please refer to our May newsletter issued earlier this year). This Amendment … Read more

Sole directors: clarity for companies with unamended model articles

The High Court has held that where companies have adopted the model articles without amendment, any sole director acting has the power to pass resolutions acting alone. The decision is contrary to the view expressed in the recent case of Re Fore Fitness Investments Holdings Limited [2022] EWHC 191 (Ch) (which we have discussed previously) … Read more

Transparency in shipping – Decarbonisation and how companies can use transparency as a selling point

One might reasonably have thought that the decarbonisation regulations and IMO goals, together with their impending deadlines would have started to make an impact. In fact, gross carbon emissions are rising – they rose by 4.9% just last year. It is clear, therefore, that decarbonisation goals alone are not working and so there is an … Read more

Executive Order on Advancing Biotechnology and Biomanufacturing Innovation: Modernizing Regulation Under the Coordinated Framework

On September 12, 2022, the Biden administration issued the Executive Order on Advancing Biotechnology and Biomanufacturing Innovation for a Sustainable, Safe, and Secure American Bioeconomy (Executive Order)1. The Executive Order is important to regulated entities in this space because it may result in streamlining the existing Coordinated Framework for Biotechnology and thus ease the path … Read more

The Real Estate Leasing Lawyer’s Role In an M&A Deal With a Reps & Warranties Policy

It has long been the case that whenever the targeted assets in a merger and acquisition transaction include lease rights as well as real property, a leasing lawyer has an opportunity to provide valuable services to the client in that M&A transaction. Leasing lawyers educate buying clients about the current status of the target’s leased … Read more

KMP norms: Do they apply to private companies?

In 2005, the Government of India had constituted an expert committee headed by Dr. JJ Irani to advise on revising and modernizing the Companies Act, 1956. The committee in its report (JJ Irani Report)[i] gave its views on various issues including on appointment, duties and obligations of the Key Managerial Personnel (KMP). Pursuant to the … Read more

Saudi Arabia: The New Companies Law

Saudi Arabia has issued a new Companies Law (the New Companies Law) which will govern all forms of entities in the Saudi market, whether commercial, non-profit, family operated entities, and/or professional, under one comprehensive single law. The New Companies Law was approved by the Council of Ministers in the Kingdom of Saudi Arabia on 28 … Read more

The Influencer Economy – Lexology

I really enjoyed hearing some great insights from a recent webinar organized by The Business of Fashion on “The Influencer Economy”, which explored the role of the “influencer” as social media evolves. This is a massive consideration for many brands, particularly in a post-pandemic world. The role and importance of the influencer continues to grow … Read more

Another business looks to expand with proposed grant application

Another local manufacturing business is looking to expand its operation with a potential investment of more than $90 million. The company, which is described as well-established in information provided by the city of Morganton, is asking the city to apply for a $500,000 building reuse grant on its behalf. Information from the city said the … Read more