Pearse Trust Blog



Update On 4th EU Money Laundering Directive

Posted by Pearse Trust on Wednesday, Nov 12, 2014

 

In our previous blog, on the EU 4th Money Laundering Directive it was noted that the European Commission had adopted proposals in the fight against money laundering, tax evasion and terrorist financing.

One of these proposals was a Directive on the prevention and use of the financial system for the purpose of money laundering and terrorist financing – the 4th AML Directive.

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Tags: Legal, EU, Anti-Money Laundering

The OECD Implements New Country-By-Country Reporting

Posted by Pearse Trust on Wednesday, Oct 01, 2014

 

The Organisation for Economic Co-Operation and Development (the “OECD”) has introduced new country-by-country reporting recommendations which provide for multinationals to disclose a breakdown of all countries in which their profits are made, where their taxes are paid and whether they are shifted elsewhere.

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Tags: Legal, United Kingdom, Tax, EU

Briefing On The New EU Succession Regulation

Posted by Pearse Trust on Wednesday, Sep 03, 2014

The procedures and methods of administering estates can differ significantly across jurisdictions. A person’s estate may often include investments or property abroad. When it comes to the stage of administering the estate, cross border issues may arise in determining which succession law applies to that property. In this case private international law (“PIL”) rules apply.

These are also commonly known as “conflict of law” rules. These rules and procedures are often complex and ambiguous, and other jurisdictions may not always recognise or accept them. The EU Regulation on Succession Law (No 650/2012), also known as “Brussels IV” seeks to remedy many issues surrounding the application of EU member states applying their own PIL/conflict of law rules for succession purposes. 

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Tags: Legal, EU

Disclosure Requirements For Company Websites

Posted by Pearse Trust on Monday, Jun 23, 2014

In a world where technology and the internet are essential to most businesses it is important to be aware of the disclosure requirements for company websites.  

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Tags: Legal, EU, Website

The Google Decision – What It Means

Posted by Pearse Trust on Monday, Jun 02, 2014

The Complaint 

In 2009, a Spanish lawyer by the name of Mario Costeja complained that the results of a Google search of his name included links to legal notices dating back to 1998. The legal notices emanated from an online version of the Spanish newspaper and provided details of previous debt issues of Mr Costeja. Because the newspaper had posted these historical notices to its website, it was possible to continuously access them through the Google search engine. Mr Costeja asserted that the ongoing availability of these notices was a breach of his data protection rights. 

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Tags: Legal, EU, Website

European Parliament Propose Tougher Disclosure Rules

Posted by Pearse Trust on Monday, May 26, 2014

The European Parliament and Council have reached an agreement to amend accounting legislation with a view to improving the corporate transparency in large organisations. The draft directive will be aimed at improving the transparency of environmental, social, and diversity policies within large organisations.

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Tags: Legal, Corporate Governance, EU

The Rule Of Doctrine Of Renvoi Explained

Posted by Pearse Trust on Monday, May 12, 2014

The Doctrine of Renvoi is a legal doctrine which applies when a court is faced with a conflict of law and must consider the law of another state, referred to as private international law ("PIL") rules. This can apply when considering foreign issues arising in succession planning and in administering estates.

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Tags: Legal, EU

Domicile, Habitual Residence & Nationality Explained In 2 Minutes

Posted by Pearse Trust on Wednesday, Apr 30, 2014

To establish which EU jurisdiction will be applicable to some legal matters, such as dealing with estates of those deceased, jurisdictions will look to elements such as “domicile”, “habitual residence” and “nationality”.

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Tags: Legal, EU

The European Unified Patent System – An Overview

Posted by Pearse Trust on Wednesday, Apr 02, 2014

Following many years of debate, an agreement on a unified patent package was reached by 25 EU member states on 19 February 2013. The agreement provides for the establishment of a single system for the registration and enforcement of patents across participating states. To enter into force, it needs to be ratified by at least 13 states, including France, Germany and the United Kingdom.

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Tags: EU, Patents, Intellectual Property

OECD Plans For The Automatic Tax Information Exchange Worldwide

Posted by Pearse Trust on Monday, Mar 31, 2014

The Organisation for Economic Co-operation and Development (“OECD”) recently unveiled plans for a new single global standard for the automatic exchange of tax information, following calls from G20 leaders to increase pressure on those evading taxes and to create trust and fairness in the international tax system.

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Tags: Tax, EU, Economy