INBLF Global Group > The News HUB

1 foreign companies have helped Iran develop its oil and gas sector...

Thu, 22 Apr 2010 23:35:54 +0000

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"Over the last five years, 41 foreign companies have helped Iran develop its oil and gas sector, which accounts for over half of the Iranian government’s revenues, congressional investigators reported on Thursday."

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NY Times Article

SINGAPORE BUDGET 2010 - SUPPORTING BUSINESS RESTRUCTURING THROUGH M&A ALLOWANCES AND STAMP DUTY...

Thu, 25 Feb 2010 01:44:18 +0000

Entry by Lydia Ng

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.

Article on Alternative Billing

Tue, 08 Dec 2009 15:22:12 +0000

Entry by Lawrence Friedman

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Here is an article from Law.com discussing a forum on corporate counsel views on alternative billing methods. Not very specific but still interesting.

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Article

Keywords

billing, fees, alternative

GAIMops Geneva (Hedge Fund) Conference

Sun, 29 Nov 2009 13:51:44 +0000

Entry by John Oriogun

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).

see details http://www.iirusa.com/upload/wysiwyg/2009-U-Div/U2088/pdfs/GAIM%20Ops%20Europe%20Schematic%2011-19%20Final.pdf

INBLF Member Larry Friedman Quoted on Knife Law

Tue, 27 Oct 2009 11:59:18 +0000

Entry by Lawrence Friedman

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Senate Votes to Kill Knife Ban

Keywords

customs

Karzai Agrees to Runoff in Afghanistan

Tue, 20 Oct 2009 15:00:58 +0000

Entry by INBLF Admin

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NY Times reporting from Kabul, Afghanistan "Under heavy international pressure, President Hamid Karzai conceded Tuesday that he fell short of a first-round victory in the nation’s disputed presidential election, and agreed to hold a runoff election with his top challenger on Nov. 7..."

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NY Times Link

U.N. Security Council Adopts Measure on Nuclear Arms

Thu, 24 Sep 2009 19:36:17 +0000

Entry by INBLF Admin

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NY Times Reports: "UNITED NATIONS - President Obama presided over the United Nations Security Council on Thursday as it unanimously passed a resolution aimed at shoring up the international commitment to limiting the spread of nuclear weapons, in particular halting the diversion of nuclear material for bomb development..."