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Considerations for directors and a test for existing insolvency laws

As part of its economic response to the COVID-19 pandemic, yesterday the Government passed a ‘temporary safe harbour’ insolvency measure[1].

Australia, Company & Commercial, Insolvency & Restructuring, King & Wood Mallesons, Coronavirus
State Administration of Taxation clarifies levying value-added tax on asset restructuring

《国家税务总局关于纳税人资产重组有关增值税问题的公告》(02/18/2011)

The State Administration of Taxation released the Announcement onIssues Concerning Value-Added Tax Relevant to Taxpayers’ Assets Restructuring (the “VAT Announcement”) on February 18, 2011. The effective date of the Announcement is March 1, 2011.

China, Insolvency & Restructuring, Tax, Greenberg Traurig LLP, Value added tax, Debt, State Administration of Taxation (China)