The Superior Court of Justice of Ontario has agreed that the trustee of an estate should be “passed over” because she “abdicated any duty as an estate trustee.”
Section
Published date
23/04/2024
The British Virgin Islands (BVI) Financial Services Commission (the Commission) has issued new guidance on the virtual assets legislation now in force. It requires all BVI-registered or incorporated entities to have a licence or certificate if they act as an intermediary or conduct regulated activities related to virtual assets.
Section
Published date
22/04/2024
Urgent action is needed to deal with the banking challenges faced by charities in their day-to-day operations, according to the Institute of Chartered Accountants in England and Wales (ICAEW).
Section
Published date
22/04/2024
The Court of Final Appeal of Hong Kong (the Court of Final Appeal) has affirmed the validity of the letter of no consent (LNC) regime, an informal procedure under which the Hong Kong police can ask banks not to allow suspected persons to move funds out of their accounts.
Section
Published date
18/04/2024
Companies House has set up a procedure whereby foreign companies can apply to be removed from the register of overseas entities if they are no longer registered owners of relevant property or land in the UK.
Section
Published date
18/04/2024
The OECD has released its sixth peer-review of the implementation of its base erosion and profit shifting (BEPS) Action 6 minimum standard on treaty shopping.
Section
Published date
17/04/2024
The First-tier Tax Tribunal (FTT) has quashed a GBP192,000 discovery assessment issued to Rasiah Raveendran (the appellant) in respect of his sale of a property held in his name.
Section
Published date
15/04/2024
The EU Council of Ministers (the EU Council) has officially adopted a new Directive requiring Member States to legislate for the confiscation of 'unexplained' wealth, where the property is linked to organised crime.
Section
Published date
15/04/2024
Israel's parliament has approved an amendment to the Income Tax Ordinance, introducing new reporting obligations for new and returning residents and for trusts.
Section
Published date
11/04/2024
A woman who resigned her membership of a family farming partnership in 2010, without agreeing any financial terms, has won her claim to be paid the value of her share in the partnership assets as at the date that she resigned.
Section
Published date
11/04/2024