The European Commission has published its first Solvency II third-country equivalence decisions, and they include a few surprises. The Commission has decided that Switzerland is Solvency II equivalent on all three bases - i.e. for group capital calculation purposes, for group supervisory purposes, and for reinsurance purposes. There's no surprise here. These decisions will now be considered by the European Parliament and […]
Conveyancers face mounting pressure to maintain and grow their business as total transactions for the first quarter of 2015 fell 16% from Q4 2014 and 5% year-on-year, according to the Conveyancing Market Tracker from Search Acumen, the search provider. The Tracker – which uses Land Registry data to assess competitive pressures in the conveyancing […]
WOLF THEISS ADVISES SLOVENIAN BREWERY PIVOVARNA LAŠKO ON ITS EUR 223 MILLION SALE TO HEINEKEN Vienna, Ljubljana – 16 April 2015 – A majority stake in the leading Slovenian brewery Pivovarna Laško has been sold to the Dutch global giant Heineken. International law firm WOLF THEISS advised Laško throughout the nearly one year process. Four […]
Continual tinkering to the pensions system will cause people to lose confidence Long-term savers need encouragement to take on the burden of self-provision, rather than finding more barriers around tax-efficient saving Andy James, head of retirement planning, Towry comments on various proposed changes by the main political parties in the 2015 General Election Pensions reforms […]
Following yesterday's Budget, Dawn Register, partner in the Tax Dispute Resolution at BDO, commented: "A popular message for voters is the ongoing campaign against 'serial tax avoiders'. The difficulty will be defining who is a caught by these new rules, and legislation with retrospective effect always leaves a nasty taste even if most people agree […]
The Links Group, foremost company formation specialist in the UAE and Qatar, hosted a ‘Club Fit For Business’ session at the Shangri-La Hotel in Dubai last week, where more than 50 professionals gathered to hear about the state of Dubai's commercial real estate market. The session was presented by Nicholas Maclean, Managing Director of CBRE […]
Tencent, a leading integrated internet services company in China, has raised US$2 billion from a two-tranche senior notes under the company’s existing US$5 billion Global Medium Term Note program. The bond issuance comprised US$1.1 billion senior notes with 2.875% annual interest rate maturing in 2020, and US$900 million senior notes with 3.8% annual interest rate […]
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