In Commonwealth Director of Public Prosecutions v Citigroup Global Markets Australia Pty Ltd [2021] FCA 511, the Federal Court has handed down an important decision which highlights the dilemma that may be faced by an immunity applicant in complying with its duty to provide full, frank and truthful disclosure and to co-operate under the ACCC’s Immunity and Cooperation Policy for Cartel Conduct (ACCC Policy) and maintaining legal professional privilege over witness accounts provided to solicitors at an early stage in an investigation.
Canada’s Federal Budget 2021 (“Budget 2021”) proposes to expand the disclosure rules for certain transactions, which is in line with the measures recommended in the OECD’s Base Erosion and Profit Shifting Project, Action 12: Final Report (BEPS Action 12 Report).
The proposed expansion of mandatory disclosure rules contemplates: (i) changes to the Income Tax Act’s (ITA) existing reportable transaction rules; (ii) a new requirement to report notifiable transactions; (iii) a new requirement for specified corporations to report uncertain tax treatments; and (iv) an extension of the reassessment period in respect of transactions that are subject to the new disclosure rules and addition of penalties for failure to comply.
The Multistate Tax Commission (MTC) is set to revamp its transfer pricing collaboration and enforcement initiatives following the first public meeting of its State Intercompany Transactions Advisory Service (SITAS) Committee in over four years.
We invite you to join us on Friday, 21 May 2021, as we take a closer look at the future of disputes in Asia Pacific. Our 90-minute webinar features a panel discussion on the “Digital Transformation of Disputes”.
In the latest edition of our Labor and Employment video chat series for US employers William Dugan, Krissy Katzenstein and Aleesha Fowler discuss key considerations for employers involved in high profile investigations
In an article published in Compliance and Risk Journal, we consider the data protection and privacy considerations in employee investigations and explain how to minimize associated risks for employers.
This weekly briefing is available on-demand and will cover hot topics and current enforcement actions related to white-collar crime and criminal investigations in the US and abroad to arm you with the information you need to start your business week. This week’s discussion will cover: “First Voluntary Self-Disclosure of Sanctions and Export Violations Leads to Settlement between Software Company and DOJ,” and “The Sudden Resignation of SEC Enforcement Director Alex Oh: What is Next For SEC Enforcement?”
This alert provides a snapshot on how authorities have adjusted their dawn raid practice and procedures to handle unannounced inspections during lockdowns, and what you need to do to adjust your internal dawn raid procedures to a “hybrid” work environment in which staff split their time between the office and home.
In the first episode, Nandakumar Ponniya, chair of the Asia Pacific Dispute Resolution Group, Cynthia Tang, head of the Hong Kong Dispute Resolution team, and Yoshiaki Muto, head of Tokyo’s Dispute Resolution team, discuss developments in commercial litigation around four key areas: (1) technology, (2) mediation, (3) international commercial courts, and (4) class actions in Asia Pacific.
The 2021 edition of Duties and Liabilities of Directors of Australian Companies from Baker McKenzie is a timely guide for directors of Australian companies, setting out pivotal issues for directors to consider in the current evolving corporate governance environment.