Search Results for: cross-border

CHINA | Navigating Cross-border Foreign Currency Exchange

Foreign-invested entities (“FIE”) in China often encounter several issues in cross-border foreign currency exchange (“foreign exchange”).

Entities and individuals in China are strictly provisioned to adhere to the relevant laws, rules, and regulations. Otherwise, the corresponding government body or financial institution (“FI”) can refuse to administrate foreign exchange.

The State Administration of Foreign Exchange (“SAFE”) is the governing government body administrating foreign exchange. For FIE, foreign exchange can be a minefield without the right expertise. Below, we highlight the main […]

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Focus: Russian Federation — Cross-border transactions. Are you complying with transfer pricing control rules?

Intercompany
transactions are subject to specific rules, regulations and controls in the
Russian Federation. Such rules and regulations are applicable to foreign
companies and their subsidiaries operating in the Russian Federation.

In
2018, there were important changes in the applicable regulations. In fact, on
18 July 2018, the State Duma adopted in the third amendments to the Tax Code of
the Russian Federation (“Russian Tax Code”) introducing direct and indirect
adjustments to the regulation of transfer pricing (“TP”) rules in the Russian
Federation effective from 1 January 2019.

 The […]

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Protecting your labour contract during cross-border disputes between the People’s Republic of China and Hong Kong Special Administrative Region

Disputes in labour matters involving cross-border
elements can add an extra layer of complexity to your business. Specifically,
court judgements awarded in one place but requested to be enforced in another
place often require re-litigation in the court of the requested place.
Customarily, the length of time and costs involved in pursuing multiple
litigations could discourage the concerned parties to proceed with litigation
in related jurisdictions. In the end, where litigation is pursued in one place,
the court judgement may not be recognised and enforced in the […]

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