Pearse Trust Blog



US FTC Charges Data Brokers With Facilitating Of Data Theft

Posted by Pearse Trust on Wednesday, Feb 25, 2015


In an interesting case developing in the United States, the Federal Trade Commission (“FTC”) has issued proceedings against a data broker, LeapLab, for the selling of sensitive personal information of hundreds and thousands of consumers to third parties. The FTC allege that these third parties had no legitimate need for the information.
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Tags: Legal, Intellectual Property

New Residency Rules For New Zealand Limited Partnerships

Posted by Pearse Trust on Wednesday, Feb 18, 2015


Changes To The Limited Partnerships Act 2008

The Limited Partnerships Amendment Act 2014 (and Amendment Regulations) came into force on 1 September 2014 and introduced some important changes for New Zealand Limited Partnerships (“LPs”). One of the principal changes is the introduction of new residency requirements for general partners, which is summarised below.

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Tags: Legal, New Zealand, Limited Partnerships

The Small Business, Enterprise & Employment Bill – PSC Register

Posted by Pearse Trust on Wednesday, Feb 11, 2015


The Small Business, Enterprise and Employment Bill (“SBEE”) has now passed through the UK House of Commons and is currently under consideration by the House of Lords. The SBEE will implement a UK Government commitment to promote an agenda of corporate transparency and international tax reform.

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Tags: Legal, Corporate Governance, United Kingdom

Changes for New Zealand Companies – Companies Amendment Act 2014

Posted by Pearse Trust on Wednesday, Feb 04, 2015


Changes To The Companies Act

The Companies Amendment Bill, which creates the Companies Amendment Act 2014 (“the Act”) was passed into law by Royal assent on 2 July 2014.

The legislation will introduce important changes affecting the registration of New Zealand Limited Liability Companies. It aims to prevent the misuse of New Zealand companies, particularly “shell” companies, by criminal organisations and also to enhance the powers of the Registrar of Companies.

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Tags: Legal, Directors, Corporate Governance, New Zealand

Identification Numbers Relevant To UK Companies

Posted by Pearse Trust on Wednesday, Dec 10, 2014


This blog provides an overview of the various numbers that are relevant to UK companies.

Company Registration Number

The Company Registration Number (“CRN”) is issued to a company’s registered office upon the successful registration of a company. 

This includes the following most commonly used entities:

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Tags: Legal, Incorporation, uk

RAK International Companies

Posted by Pearse Trust on Wednesday, Dec 03, 2014

 

An OECD white listed jurisdiction, Ras al Khaimah (‘RAK’) is the fourth largest of the seven emirates forming the United Arab Emirates (‘UAE’).

RAK launched an offshore facility regulated by the RAK Free Trade Zone (‘RAKFTZ’) Authority International Company Regulations in 2006, which allows for international business to be conducted free of local taxes and regulations. This particular model was based on the international business company regime model followed by the British Virgin Islands.

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Tags: Legal, Incorporation, UAE

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

Canada Challenges FATCA

Posted by Pearse Trust on Wednesday, Oct 08, 2014

In what appears to be the first challenge to the US Foreign Account Tax Compliance Act (“FATCA”), lawyers for Gwen Deegan of Toronto and Virginia Hillis of Windsor, Ontario say that FATCA exposes their clients 'to a deprivation of their liberty and security of the persons', in violation of Canadian Constitutional rights. FATCA applies to all “US persons”, which in itself is an expansive test and captures many groups of people that may not even realise they are “US persons".

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Tags: Legal, Tax, Canada, USA

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

Creditors & Their Powers: Part II

Posted by Pearse Trust on Wednesday, Sep 24, 2014

In our previous blog ‘Creditors and their Powers: An Introduction’, we established some of the facts about creditors and looked at their involvement in High Court Liquidations, Creditors Voluntary Liquidation and also their powers to appoint receivers or examiners. This blog will examine further situations where creditors can exercise their powers in respect of debts owed to them.

Creditors’ Powers To Seek Court Judgments & Where Default Exists

Creditors have the power to seek a Court Judgment against a company if they fail to pay a debt owing to the creditor. This judgment may be enforced by registration in the High Court or collection by the Sheriff.

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Tags: Ireland, Legal, Finance