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Retiring Abroad What You Need To Know

Retiring Abroad What You Need To Know

Published: 09 Dec 2022

WHAT YOU NEED TO KNOWBEFORE RETIRING ABROAD. As one gets older, the thought of where you would like to retire is raised. Over recent years, retiring abroad has fast become a new and exciting adventure for many. However, the legalities and practicalities of making the adventure workable are important and depend on the choices you make. They determine how simple or difficult the journey in reaching ...

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CANADA: Foreigners Banned From Buying Residential Real Estate

CANADA: Foreigners Banned From Buying Residential Real Estate

Published: 08 Dec 2022

Non-residents temporarily prohibited from buying Canadian residential real estate The Parliament of Canada adopted theProhibition on the Purchase of Residential Property by Non-Canadians Actto favor domestic investors and curb inflation in the Canadian real estate market. As a result, non-Canadians will be prohibited from purchasing residential real estate in Canada for two years starting in 2023....

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Remote Online Notarization: No More Trips to the U.S. Consulate (or Foreign Notary) for Notarizations

Remote Online Notarization: No More Trips to the U.S. Consulate (or Foreign Notary) for Notarizations

Published: 08 Dec 2022

By John H. Friedhoff and Robert H. Friedhoff Florida's remote online notarization statutes are based upon a model law that has been enacted inmany states in the United States. Online notarizations in Florida and other states have been treated as valid notarizations in many, if not all, of the United States; online notarizations have also received apostilles, an international certificate of au...

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Open-end Fund and Open-ended Fund Company

Open-end Fund and Open-ended Fund Company

Published: 07 Dec 2022

What is an OEF Open-end fund (" OEF ") is a type of mutual fund that invests in a pool of assets, including stocks, bonds, and money market instruments. Because there is no limit to the amount of shares the fund can issue, it is a flexible scheme that allows for continual input and withdrawals from pool participants. The price of an OEF is reflected by its net asset value (" NAV&quo...

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The Evolution of Mediation

The Evolution of Mediation

Published: 07 Dec 2022

Nowadays, mediation is placed under the heading ‘Alternative Dispute Resolution’, an apparent adjunct to the main branch of justice. Yet, if we look back to its origins, mediation appears at the beginning of every civilization (whether Chinese, ancient Greek, Islamic or any other) whenever elders sought to resolve disputes impartially and peacefully. The key feature, then and now, is that disputan...

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Virtual Asset Regulation: Hong Kong's AMLO Amendment Bill

Virtual Asset Regulation: Hong Kong's AMLO Amendment Bill

Published: 07 Dec 2022

The Amendment Bill introduces a new licensing regime for Virtual Asset Service Providers (“VASPs”) and imposes statutory Anti-Money Laundering and Counter-Terrorist Financing (“AML/CTF”) regulations on them. Specifically, anyone who wishes to offer Virtual Asset (“VA”) services must apply for a license from the Securities and Futures Commission (“SFC”). This licensing regime requires the applicant...

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Fraud On The Rise: How to Prevent, Report and Recover

Fraud On The Rise: How to Prevent, Report and Recover

Published: 07 Dec 2022

The ACFE (Association of Certified Fraud Examiners), the world's largest anti-fraud organisation, recently published its 2022 Report to the Nations with the results of a comprehensive study of 2,110 cases of fraud across 133 countries. The report estimates that, on average, an organisation loses about 5% of its annual revenue to fraud each year. This causes a median loss of US$117,000 before t...

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Gig Workers in Hong Kong – Soldiers without Armour

Gig Workers in Hong Kong – Soldiers without Armour

Published: 07 Dec 2022

The 'Gig Economy' is a free-market system, where people engage in freelancing activities, temporary employment or less formal segments of the labour market, such as project-based services offered on digital platforms. Employers’ increasing demands to bring flexibility to their employment structure by downsizing permanent staff, yet hiring more temporary and part-time workers; and the overa...

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