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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.

22 April 2024

AI: US wants UAE to break partnership with China, join them instead in AI race

The US is trying to get UAE to collaborate with American tech companies and distance itself from China in its technological collaborations especially when it comes to AI. As a result, several American

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22 April 2024

US: Apple Defends Tax Practices, Calls for Corporate Tax Reform

Near the top of the business headlines is the battle that Congress has started to wage with Apple Inc. (NASDAQ: AAPL) over the taxes it pays. By some measures, the company barely pays taxes at all.

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20 April 2024

FINTECH: New Binance chief stresses importance of compliance

The new CEO of the world’s top crypto platform stressed the importance of regulatory compliance for Binance’s future success, months after its former chief executive pleaded guilty to violating

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20 April 2024

SINGAPORE: Updates to Tax Incentives for Single Family Offices

The Monetary Authority of Singapore (MAS) has recently introduced new guidelines for Single Family Offices (SFOs) applying for tax incentives under the Section 13O and Section 13U schemes. The changes

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20 April 2024

HONG KONG: Hong Kong digital assets exchange warns over viability of city’s new crypto rules

The chief executive of one of Hong Kong’s two licensed cryptocurrency exchanges has hit out at the city’s new approach to trading digital assets, saying it could restrict access to global clients.

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20 April 2024

UK: AML warning as hundreds of agents hit with HMRC fines

An anti-money laundering (AML) expert has queried why there is a reluctance among estate agents to accept and follow AML responsibilities. It comes as HMRC figures showed more than 200 estate agency

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20 April 2024

SWITZERLAND: HSBC Switzerland to Pay $192 Million for Decade-Long Tax Evasion Scheme

Last week, the Department of Justice (“DOJ”) announced the Swiss HSBC Private Bank agreed to pay $192 million to resolve allegations of the bank’s role in a tax evasion scheme involving U.S. citizens.

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20 April 2024

HONG KONG: Hong Kong gives initial approval to first bitcoin, ether spot ETFs, say funds

Hong Kong conditionally approved its first spot bitcoin and ether exchange traded funds (ETFs) on Monday, money managers said, paving the way for the city to become Asia’s first to accept the

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20 April 2024

MALTA: EU starts formal probe of Malta anti-money laundering agency over Pilatus bank

The European Banking Authority has opened a formal investigation into “shortcomings” over how Malta’s Financial Intelligence Analysis Unit (FIAU) enforced anti-money laundering rules

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20 April 2024

UK: New proposed tax regime may make United Kingdom less attractive to migrate

The UK government is set to implement a new tax regime in April 2025, which will impact non-resident Indians (NRIs) and recent migrants residing in the country. This change will abolish a 200-year-old

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