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Volatility and uncertainty are the new norm. With events like Brexit in the UK and the new administration in the US just two examples of recent…
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Baker McKenzie | Spain | 17 May 2022

The Spanish Supreme Court allows the consideration of financial assets as held for the purpose of family business activity

On 10 January 2022, the Spanish Supreme Court issued a judgment with regard to the application of the Inheritance and Gift Tax benefits provided for…
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Baker McKenzie | European Union | 17 May 2022

ATAD3: The EU Commission's Corporate 'Unshell' Proposal and its impact on private clients and holding structures

The pressure on holding companies, trust and investment structures, any other vehicle with little economic substance, as well as on family offices…
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Baker McKenzie | Russia, United Kingdom | 17 May 2022

Update: Russia Sanctions and disclosure of beneficial ownership

The Economic Crime (Transparency and Enforcement) Bill (the "Bill") passed its final stage in the House of Commons on 7 March. It will now head to…
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Baker McKenzie | Turkey | 17 May 2022

Anayasa Mahkemesinden İfade Özgürlüğüne İlişkin Yeni Karar

Anayasa Mahkemesinin, öğretmen olan başvurucunun ifade özgürlüğünün ihlal edildiği…
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Baker McKenzie | OECD, United Arab Emirates | 17 May 2022

UAE announces the introduction of a federal corporate tax system

The UAE Ministry of Finance (MoF) announced on 31 January 2022 the introduction of a federal corporate tax (CT) regime that will apply to all UAE…
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Baker McKenzie | United Kingdom | 17 May 2022

Can you ever really walk away? The spectre of forced heirship claims

It is a common fact pattern where international families are concerned: the generator of the family wealth, perhaps at an early stage in their career…
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Baker McKenzie | Argentina | 17 May 2022

Argentina: Integrated System for Monitoring Foreign Payments of Services — the Argentine tax authority establishes an authorization system on payments of services to foreign parties

The Federal Tax Authority (FTA) has established an Integrated System for Monitoring Foreign Payments of Services (SIMPES) through which the FTA will…
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Baker McKenzie | Turkey | 17 May 2022

Turkish Constitutional Court Issues Decision on Freedom of Expression

The Turkish Constitutional Court’s Decision No. 2017/39464 dated 23 February…
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Baker McKenzie | Australia | 17 May 2022

Australia: APRA’s new regulatory expectations for crypto assets strengthen regional alignment

The Australian Prudential Regulation Authority (APRA) has set out its initial risk management expectations for regulated entities that engage…
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Baker McKenzie | United Kingdom | 17 May 2022

UK introduces changes to the Export Control Order 2008

On 28 April 2022, the UK introduced The Export Control (Amendment) Order 2022, amending the Export Control Order 2008 (S.I. 2008/3231), which will…
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