IRELAND: Ireland fails to implement three EU directives

Ireland has failed to implement three EU directives, prompting the European Commission to issue it with a letter of formal notice.

It has not implemented on the VAT fraud directive, the Emissions Trading System Directive nor the Common Charger Directive.

There are 26 member states which have not yet notified full transposition measures for 11 EU directives in the fields of justice, internal market and SMEs, taxation and customs, health, climate, home affairs, and financial services.

Member states concerned now have two months to reply to the letters of formal notice and complete their transposition, or the Commission may decide to issue an opinion.

12 June 2024

HONG KONG: Hong Kong International Arbitration Centre unveils new rules

The new 2024 Administered Arbitration Rules of the Hong International Arbitration Centre (HKIAC) came into force on 1 June 2024 and contain significant revisions. The new provisions aim to enhance the

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10 January 2025

GLOBAL TAX: Global tax cooperation moves forward with adoption of UN framework ToR

The Ad Hoc Intergovernmental Committee on International Tax Cooperation adopted the Draft Terms of Reference (ToR) for a United Nations Framework Convention on International Tax Cooperation in August

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7 June 2024

US: SEC Losing Control? Hedge Fund Transparency Rules Thrown Out

In a recent ruling, the Fifth Circuit Court of Appeals delivered a blow to the U.S. Securities and Exchange Commission (SEC), declaring its 2023 regulations on hedge funds and private equity firms as

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24 June 2024

AFRICA: Africa states turn to information exchange to boost tax revenues

Amid increasing fiscal pressures and debt sustainability in African countries, governments are now making use of exchange of information agreements available to them more than ever. Last year, the amount

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