VAT as the backbone of Europe´s Tax regime: Suspected ringleader arrested in EUR 85 million VAT fraud scheme within Project -GOLIATH-
Europol has supported an action across eight countries which targeted criminal groups under investigation for VAT fraud amounting to EUR 85 million. On 22 November 2023, 59 searches were carried out, resulting also in the arrest of one of the alleged ringleaders. Seizures included: Code-named ‘Goliath’, the investigation was led by the European Public Prosecutor’s […]
Understanding the Challenge of VAT Fraud in the European Union for Asian companies
In the realm of financial crimes, the European Union (EU) faces a significant challenge in the form of Missing Trader Intra-Community (MTIC) fraud, also known as carousel fraud. This sophisticated criminal activity, usually perpetrated by organized groups, has severe repercussions for EU member states, resulting in substantial annual losses estimated to be around EUR 60 […]
The prosecution of environmental crime is on the rise in Europe – Why should Taiwanese corporate groups active in Europe be concerned?
The Council presidency and European Parliament negotiators just recently reached a provisional agreement on a proposed EU law that would improve the investigation and prosecution of environmental crime offences. The new directive aims to establish minimum rules on the definition of criminal offences and sanctions in order to better protect the environment, replacing the previous […]
MERRY CHRISTMAS to all Clients and Business Partners
We wish all our customers and partners a wonderful Christmas!
The Risk-Utility Test is First Choice in Complex Medical Device Cases in Florida
SUMMARY I. No consumer expectations test for medical devices cases in Florida Florida’s Fourth District Court of Appeal has recently strengthened medical device manufacturers through approving the use of the risk-utility test, Cavanaugh v. Stryker Corp., — So. 2d —, 2020 WL 5937405 (Fla. 4th DCA Oct. 7, 2020). The court had to deal with […]
„NO-DEAL”-Brexit: Last Minute Update – Part I
SUMMARY I. The transition period of Brexit is coming to an end As no party is willing to compromise, we now have to cope with a Brexit without any deal. Also, the English Parliament has decided against a Repeal Bill that would have led to all EU rights being incorporated into the national English judicial […]
„NO-DEAL”-BREXIT and Corporate Law – Part II
SUMMARY I. Brexit and corporate law What is the main reason for Brexit changing (European) corporate law? It is the difference between the so-called “corporate domicile theory” and the “formation theory” and their role within the EU. Due to the latter, no matter where a company will operate, it will be governed by the law […]
The new Chinese Export Control Law will affect many Businesses
SUMMARY I. Chinese Export Control Law has become effective The new unified Chinese Export Control Law will become effective on December 1st. It has a significantly expanded scope. “Controlled items” are defined to include dual-use items (with both civilian and military applications), nuclear materials and military products. Also, “controlled items” are “other goods, technologies, services, […]
The Chinese Biosecurity Law: What does it mean for my business?
SUMMARY I. What is the Chinese Biosecurity Law about? China has passed the second Review Draft of its Biosecurity Law that will come into effect on April 15th, 2021. In the context of Covid-19, the Biosecurity Law has been finished just within a year. With about 85 provisions, this law is complex, and it will […]
Some Pitfalls of the Chinese Biosecurity Law – and how to avoid them…
SUMMARY I. The Chinese Biosecurity Law about: Designated ports We strongly assume that the Chinese Biosecurity Law will come effective on April 15th, 2020. As discussed before in our Blog, you know that the scope of the law is broad. Nevertheless, you do not know what the new law will bring for your China business […]
