Industry News

The Superior Court of Justice of Ontario has resolved a dispute over the administration of a deceased man’s estate, after it was alleged that a trustee’s actions were in conflict with his fiduciary duties.

The Financial Action Task Force (FATF) has amended its criteria for 'grey-listing' countries with deficiencies in their anti-money laundering (AML) regimes, in order to relieve pressures on less developed countries.

HMRC has warned business owners against claiming a tax deduction for the hypothetical risks of future penalties under the General Data Protection Regulation (GDPR).

The United Arab Emirates (UAE) cabinet has relaxed the obligation on legal entities to demonstrate that they carry out substantial economic activities within the jurisdiction.

Companies House has published the latest timetable for commencement of the many provisions of the Economic Crime and Corporate Transparency Act 2023 (the Act).

Brazil has published Provisional Measure No. 1,262/24 and Normative Instruction RFB No. 2,228/24, establishing a minimum taxation of 15 percent through a social contribution on net profit (contribuição social sobre o lucro líquido, CSLL) for multinational enterprises (MNEs).

The Singapore government's Inter-Ministerial Committee (IMC) has published recommendations to further strengthen the jurisdiction's anti-money laundering (AML) framework, following the enactment of a wide-ranging AML Bill in August 2024.

A widower is to be allowed to inherit the residue of his late wife's estate even though he admitted assisting her death by suicide at a clinic in Switzerland.

The Council of the European Union (the EU Council) has removed Antigua and Barbuda from its list of jurisdictions that it considers insufficiently cooperative in tax matters.

The Competition and Markets Authority (CMA) has published final guidance on unregulated businesses that provide will writing, online divorce and pre-paid probate services.