Dmytro Symanov
Protection by Trust: review of the world’s trust systems
Trusts, as instruments proposed by some foreign jurisdictions, have long been used by Ukrainian businesses. The purposes may vary from assets protection and tax optimization to beneficial owners’ anonymization. (The article is available in Russian only)
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Konstantin Pilkov
Impact of tax reform on tax planning mechanisms
The correlation between expenses and commercial activity remains one of the basic pillars on which other separate mechanisms of tax planning are grounded; as well as availability of primary documents containing obligatory requisites and confirmation of economic operation reality. (The article is available in Russian only)
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Elena Zaitseva
Million for photo from social network
A fine of USD 1.2 million was the verdict of a jury for a misuse of photos from Twitter. It turned out that it is not allowed to use and sell other people’s content from social media without permission, and that user agreements and social network policy do not abrogate intellectual property laws. (The article is available in Russian only)
Read moreKonstantin Pilkov
Practice of enforcement of multi-tiered dispute resolution clauses
Arbitration is a dispute settlement mechanism recognized in international business practice. It is so convenient that… there are no less than half a dozen of legal terms that define a way to avoid resorting to arbitration. “Multi-tiered clauses”, “escalation clauses”, “Wedding Cake clause” have almost the same meaning, namely, an agreement on consistent application of different dispute resolution methods before resorting to arbitration
Read moreKonstantin Pilkov
Dangerous tax compromise
Tax compromise can become a lifeline for taxpayers which actively minimized their tax bill in previous years. But prudent companies decided to “ensure” themselves against some suspicious transactions may be involved into manifestly unjust procedure while attempting to reach the compromise. (The article is available in Russian only)
Read moreElena Zaitseva
Confusion on the air continues, or How much for free TV in caf?s and restaurants
If music from column speakers or picture on TV can be heard or seen not only by members of one family or their close relatives, the usage of that product can be recognized public. But not every public use has to be paid for; commercial component is important. (The article is available in Russian only)
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