News & Publications

Legal News

In addition to publishing newsletters on a regular basis, Edlescher issues advisories and alerts to keep our clients informed of breaking news and legal developments.

To receive our publications, please email info@edlescher.com.

5 June 2024

UAE: DFSA enhances its Crypto Token framework, fostering innovation

The Dubai Financial Services Authority (DFSA) today announced some key amendments to its Crypto Token regime. These changes stem from the proposals outlined in “Consultation Paper 153 – Updates

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5 June 2024

PORTUGAL: Portugal toughens migration rules ahead of upcoming EU elections

The Portuguese government has put an end to an exceptional regime that allowed foreigners to enter Portugal and then apply for a residence permit. Portugal announced a new plan to toughed immigration

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5 June 2024

TAX: Wealthy countries push back as UN moves ahead with global tax plan

Wealth and corporate taxes remain a sticking point between countries at the United Nations negotiating the roadmap for a framework convention on tax, which could herald a radical shake-up of the global

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5 June 2024

US: World’s Largest Bitcoin Holder Settles Massive Tax Fraud Case

A Columbia court has reached a $40 million settlement with Michael Saylor and the software company he founded, MicroStrategy in the largest income tax fraud recovery in Washington’s history. Microstrategy

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5 June 2024

AFRICA: African countries reap highest-ever fiscal benefits from tax transparency

Launched today at the 15th Meeting of the Africa Initiative in Lomé, Togo, Tax Transparency in Africa 2024: Africa Initiative Progress Report shows African countries collected more fiscal revenue through

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5 June 2024

EUROPE: New MiCA Rules Impact European Crypto Users

Binance has announced the implementation of new Markets in Crypto-Assets (MiCA) stablecoin rules, effective June 30, 2024, across the European Economic Area (EEA). These regulations will require stablecoins

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5 June 2024

US: US appeals court rejects SEC oversight rule for private equity, hedge funds

A U.S. appeals court rejected a Securities and Exchange Commission rule intended to give investors more transparency into private funds, but which the nearly $27 trillion industry said threatened to

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5 June 2024

ASIA: China’s Enhanced Beneficiary Owner Filing System

China’s new beneficiary owner filing measures require business entities, except individually owned businesses, to submit their beneficiary owner information starting November 1, 2024. A one-year grace

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5 June 2024

JERSEY: Tax regulations could tighten for American companies in Jersey

Jersey could tighten the rules on how it governs American companies based in the island for tax. The treasury said the regulations needed to match the Common Reporting Standard (CRS) – the global

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3 June 2024

EU: Indirect exporters to Europe urged to comply with EU carbon rules

EVEN COMPANIES that do not export to Europe will need to comply with the European Union’s (EU) Carbon Border Adjustment Mechanism (CBAM), the Philippine Exporters Confederation, Inc. (Philexport)

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