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News & Knowledge

All Knowledge & Opinions

Foreign direct investments in the UAE expected to rise by 20%

29th November 2019

H. H. Sheikh Khalifa bin Zayed Al Nahyan, the president of UAE, issued Federal Law Number 19 of 2018 on 23 September 2018, about the Foreign Direct Investment Law or the Law moderating the constraints imposed on foreign ownership within UAE. Sheher Bano of MSI's Abu Dhabi law member firm Middle East Alliance explains further.

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Brazil: Economic Freedom Law – Modifications to Labor Rules

2nd October 2019

The so-called Economic Freedom law, was sanctioned and released by the Official Gazette (“DOU”) on 20th September 2019. The new law introduces the Declaration of Rights to Economic Freedom, establishing rules for the protection to the freedom of initiative and development of economic activities. MSI's Brazil law member DDSA - De Luca, Derenusson, Schuttoff e Advogados provides further insight into the change in regulation, which might of be interest to foreign businesses doing business in Brazil.

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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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