DAC 6 is a EU Directive which entails that advisers are subject to a duty to notify the relevant tax authorities concerning their client’s cross‑border arrangements. The purpose of the information disclosure obligation is to combat tax evasion, tax fraud and tax avoidance.
A large number of corporations will most certainly be severely impacted by the effects of the Covid-19 pandemic. The new challenges will impact companies’ compliance risks, which are likely to be different and, to a certain extent, increased. It is crucial that - also in disrupting times - internal compliance procedures are maintained and that new risks are identified and mitigated.
The outbreak of Covid-19 continues to have a material negative effect on a large number of companies and their businesses on the Swedish labour market and it has also led to considerable fluctuations on the financial markets. Because of these negative effects, businesses may need to proceed with redundancies if proper cost saving options are not implemented. We have summarised a couple of options that employers may want to consider.
We started to see signs of a decrease in M&A activity during Q4 2019 and following a relatively sluggish start to 2020, Covid-19 has had a significant impact on M&A activity in Sweden. In this note we address some of the key observations.
The outbreak of the coronavirus disease has had a significant impact on people and businesses. The situation has also raised questions about the possibility of physical attendance at upcoming AGMs. Due to new temporary legislation and new instructions regarding the interpretation of the Swedish Corporate Governance Code, as well as the authorities’ updated recommendations, Vinge publishes this update regarding companies' alternatives for the upcoming AGMs.
The Covid-19 situation has had a material negative effect on a large number of Swedish businesses and it has also led to considerable fluctuations on the financial markets. We have gathered together a number of questions and answers which we frequently encounter in our practice to help companies navigate the situation.
Vinge’s experts within trade and shipping summarise some observations on how Corona impact international trade.
The economic challenges following from the outbreak of Covid-19 have, and will continue to have, a serious effect on the financial situation of many companies during the foreseeable future. Aside from day-to-day challenges such as liquidity issues and need for cost cutting, borrowers must be aware of their obligations in relation to their lenders under their financing arrangements.
The outbreak of the coronavirus disease 2019 (“Covid-19”) is having large impacts on people and business. There may also be legal consequences of Covid-19 and Vinge has received many questions from clients regarding the possibility of invoking force majeure or other contractual objections as a result of the outbreak of Covid-19. We have therefore produced this general article to provide information in this regard. The information below is of a general nature and neither can nor should be construed as a substitute for legal advice in relation to an individual matter.