Current Issue

March 2008

In Focus – Asia
Asia is growing fast and its business environment is constantly changing. When viewed in detail, the developing countries of the region have made huge strides towards liberalization and attracting finance. It is becoming more and more obvious that Asia is recognized as a cost competitive location to manufacture or locate a business…

Expert Opinion
Andrew Wang  Building a Bank’s Compliance Culture
Regulators are moving away from the enforcement of specific rules towards a more general requirement that a bank’s senior management must instil the right culture…

In Re
Olga A. Stetsenko  Rendering Services in China: Bear Taxation in Mind
The aim of this article is to set out the essential elements concerning proper contractual relationships and duties, as well as taxation issues and other details which are important for us to be certain that everything goes right and that payments from those companies in China which receive our services are carried out to their total value…

Irina S. Selianko  Not a Dragon yet, but the Intentions are There
The stages in the formation procedure of labor law are always strongly connected with the stages of a country’s socioeconomic development. One of the main differences of Korea labor law is that it was not formed on a step-by-step basis, as is usual, but in one single stage…

Nicolas Audier  Impact of Vietnam’s Accession to WTO on its Corporate Regulation
As well as becoming the 150 member of the World Trade Organisation (WTO) on 11 January 2007, this past year was, in general, a record breaking year for Vietnam…

Rashid Gaissin, Yerlan Beyssembinov  Kazakh Legislation Regulating Liability of Board Members
One of the most important and most commonly discussed problems, though not carefully studied problem of corporate governance in Kazakhstan, is the necessity to step up and specify the liability of members of boards of directors. This is due to their desire to prevent their participation in actions, which can cause internal corporate scandals, lawsuits, fall in profitability or even the bankruptcy of a company. European countries pay more attention to the problem of corporate governance and liability of persons in charge of administration…

Denis V. Virovets  Legal Aspects of Capital Market Regulation in Japan
This article evaluates the features of Japanese finance and security legislation, the legal obstacles and opportunities for working in the Japanese international capital market, as well as general information on capital market regulation…

Hot Issue
Yuriy Y. Blazhevych  General Overview of Amendments made to Real Estate Legislation pursuant to the On State Budget 2008 Act of Ukraine
Modifications to real estate legislation deserve special attention from lawyers, economists and investors, pursuant to the key role played by the real estate market in Ukraine’s fast-growing economy. It is, therefore, no surprise that large foreign investment companies and private investors tend to evaluate the Ukrainian real estate market as risky and unstable, especially because of its non-transparent legislative rules…

How to
Tatiana I. Zamorska  Is the 30% Tax on the Sale of Immovable Property in Ukraine by Non-residents Discriminatory?
The aim of this article is to draw the attention of foreign individuals (non-residents) who own immovable property in Ukraine and intend to sell it some day. As it turns out in practice, when selling their apartments, non-residents have encountered a strong stance on the part of the Ukrainian tax authorities, who are insisting on the application of a double (i.e. 30%) personal income (PIT) tax rate on relevant sales transactions…

Argument
Polikarp S. Gagay  The Modern Face of “Business Structures without a Conscience” or Raider Pantomimes
The modern understanding of the term “raiding movement” is the seizure of corporate enterprise property with the aim of establishing control over it through the use of an initiated business conflict. Afterwards, the entire enterprise is sold again or its assets are separated and sold in parts or it is included in a personal raiding business structure…

Venue
Taking Care of Your Legal Business Success!
On 22 February 2008 the Ukrainian Bar Association held its Fourth Annual Legal Forum “Development of the Ukrainian Legal Services Market in 2008”. The event took place at the Radisson SAS Hotel in Kiev. This year there were not only Ukrainian companies present, which is one more indicator of the active position of Ukraine in the global integration process. About 100 lawyers from all regions of Ukraine took part in the Forum’s work – including partners and founders of law firms, lawyers of private practice, representatives of legal departments of large companies and public organizations, as well as law firms partners from Russia and Belgium…

Legal Vision
In What Ways can the New Global Stock Market Crisis Influence the Ukrainian Economy?

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