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Vandeventer Black LLP listed as the largest Maritime Law Firm in Virginia

12th June 2019

MSI's dynamic business and litigation law firm member, Vandeventer Black LLP, was recently listed in the top position of the Virginia maritime law firm’s list for 2019 by Virginia Business Magazine. With an seasoned team of maritime attorneys, including 15 members of the Maritime Law Association of the United States, the firm’s expertise extends to all aspects of maritime law including claims for cargo damage, pollution, personal injury, and maritime liens, as well as matters involving collisions, Coast Guard violations and marine financing.

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Five Levenfeld Pearlstein Partners recognized among Crain’s Chicago Business’ Notable Gen X Leaders in Law

12th June 2019

MSI's Illinois law member Levenfeld Pearlstein is pleased to announce that Crain’s Chicago Business has recognized Laura Friedel, Robert Romanoff, Eileen Sethna, William Schwartz, and Russell Shapiro among its Notable Gen X Leaders in Law. This list represents some of the top practitioners in Chicago.

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China's VAT Reform: The Basics

11th June 2019

The Chinese government recently passed VAT reforms for current general VAT payers' sales activities and imports that are subject to VAT an existing applicable rate of 16% to 10%, to the applicable VAT rate adjusted between 13% to 9% respectively from the 1 April 2019. MSI's Chinese accounting member LehmanBrown Ltd provides a summary of the recent VAT reform in China.

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The importance of Phantom Stock

11th June 2019

The recent developments in the e-commerce industry and startup revolutions have created immense competition among the employers to recruit and retain talented employees. Moreover there are array of job opportunities among the talented employees to choose from. Hence, it has become essential for companies not only to offer high remuneration packages but also attractive incentives to employees, primarily key managerial personnel and senior management to retain them and not lose them to their competitors in the long run. Such incentives include employee stock option schemes and employee purchase plans, stock appreciation rights, general employee benefit schemes and retirement benefit schemes. These incentives enable the organization to improve the performance capabilities of employees and transform them to growing partners. One such incentive granted to employees and other people in the organization is Phantom Stock. MSI's Chennai accounting member DVS Advisors LLP explains more.

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