INBLF
International Network of Boutique Law Firms
INBLF Community Members
Welcome to the INBLF Network
Our Network Community Goals:
- To create and disseminate information about the INBLF and our members.
- To allow INBLF members to communicate with each other, through a simple to use virtual networking experience.
- To allow the INBLF to have an interactive dialogue with an emergent global legal community.
- To enrich the professional and personal development of INBLF members, and member firms.
Comment on Legal News (INBLF & World)
The News HUB - Comment on current events
The latest Budget 2010 unveiled by the Ministry of Finance has introduced initiatives to support business restructuring to achieve higher productivity towards higher-value and more innovative players. The Government is encouraging continuous flow of start-ups and new entrants into the economy. The Government is facilitating mergers and acquisitions by introducing, for five years, a one-off tax allowance scheme to help defray a portion of acquisition costs.
The allowance will be equal to 5% of the value of the acquisition. The acquisition of a $50 million company, for example, will give the acquiring company a tax allowance of $2.5 million. The acquiring company will be able to deduct $2.5 million against its taxable income over 5 years, resulting in total tax savings of $425,000. There will be a cap of $5 million in a single Year of Assessment.
The new allowance will help the acquiring company offset part of its costs, but without seeking to distinguish between interest costs and other costs. It is therefore neutral between debt and equity in financing transactions.
Stamp duty on the transfer of unlisted shares for M&A transactions valued up to $100 million in any year will be waived. This one-off concession will also be available for five years.
Here is an article from Law.com discussing a forum on corporate counsel views on alternative billing methods. Not very specific but still interesting.
John Oriogun of Oriogun, PLLC will be speaking at Gaimops Europe conference on the 2 December 2009 (the largest European gathering of hedge funds in Europe).
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My Groups
WATERCOOLER & MEDIA GALLERY
- Conversation posted Jun 30 by Lawrence FriedmanDetails:
Yesterday, the Chicago chapter took advantage of great weather and the Chicago River for a social and networking river cruise. We heard about Chicago's great architecture from a knowledgeable docent and enjoyed a buffet of cajun foods. We also thanked Peter Baugher for his years as president of the chapter. It was a really great evening.
- Conversation posted Apr 15 by INBLF AdminDetails:
The INBLF has posted a large portion of our group photos. Please feel free to review these photos at your leisure either at www.inblfnetwork.com or at http://s873.photobucket.com/home/INBLF/allalbums.
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Upcoming INBLF Events
- interesting tidbits for community members
- Discussion Area for the Board of Directors
- Post content and email the Alabama Chapter
- Post content and email the San Francisco Chapter
- Post content and email the New York Chapter
Read the latest Legal News
Chief justice nominee blocks school drug tests - San Francisco Chronicle - 7:03 PM
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