Pearse Trust Blog



UK Bribery Act 2010 - Overview

Posted by Pearse Trust on Wednesday, Mar 25, 2015


­The Bribery Act 2010 (“the Act”) came into effect in the UK on 1 July 2011. The Act supersedes previous bribery legislation, including the Public Bodies Corrupt Practices Act 1889 and the Prevention of Corruptions of Acts 1906 and 1916.

The Act was introduced to modernise the law on bribery in order to enhance the effectiveness by which prosecutors and the courts manage anti-bribery cases.

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Tags: Legal, United Kingdom, Economy

Improvements To Ireland’s Special Assignee Relief Programme

Posted by Pearse Trust on Wednesday, Mar 18, 2015


Ireland’s Special Assignee Relief Programme (“SARP”) is a tax relief designed to boost the relocation of key talent to Ireland. The new SARP was introduced in 2012 to assist Irish companies and multinational companies in attracting key employees to Ireland. Where qualifying employees relocate to Ireland, SARP allows income tax relief in the form of a tax deduction from employment income.

The good news is that the Irish Finance Act 2014 has made a number of improvements to the relief which has allowed for the SARP to be available to a larger group of key talent relocating to Ireland since 1 January 2015.

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Tags: Ireland, Tax

The Value Of Intellectual Property

Posted by Pearse Trust on Wednesday, Mar 11, 2015


Understanding the value of your company’s Intellectual Property (“IP”) can be a complex but rewarding process. There are many situations where you may need to ascertain the value of your IP; when selling it, using part of it as security, or where the IP needs to be quantified for the purposes of awarding damages in court proceedings. It is also important to correctly declare the value of your IP when reporting to your local taxation authority.

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Tags: Legal, Intellectual Property

Settlors’ & Protectors’ Control Over Trust Assets

Posted by Pearse Trust on Wednesday, Mar 04, 2015


This blog examines the powers that settlors and protectors may wish to retain over assets vested in a trust. However, as most trust professionals are aware, the extensive transfer of powers to a settlor or a protector has a downside. To give substance to a trust, it is essential that the trustee is able to perform its fiduciary duties, honestly and in good faith for the benefit of the beneficiaries.

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Tags: Legal, Trusts

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

Update To The UK Corporate Governance Code 2014

Posted by Pearse Trust on Wednesday, Jan 28, 2015


Corporate Governance is broadly concerned with the relationships between shareholders of a company and its board. Effective governance should facilitate efficient, entrepreneurial and prudent management that delivers long term value to a company’s shareholders.

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Tags: Corporate Governance, United Kingdom

FRC Guidance On The Strategic Report - Overview

Posted by Pearse Trust on Wednesday, Jan 21, 2015


In June 2014, the Financial Reporting Council (“FRC”) in the UK published Guidance on the Strategic Report, a new reporting obligation established to provide investors with a greater understanding of how companies are run and their strategic direction.

The guidance has been issued in line with the FRC’s programme of work in respect of promoting clear and concise reporting to allow potential investors to establish their thoughts about the company’s performance, its current position and its future prospects.

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Tags: Corporate Governance, United Kingdom