On June 17, Finland celebrates her 100th Birthday on the National Mall. The family-friendly Midsummer FinFun event is open and free for everybody. The Embassy of Finland in Washington, D.C., celebrates Finland's centennial throughout the year. One of the biggest events, the Midsummer FinFun, will take place on Saturday, June 17 on the National Mall. The prestigious location will allow for an unforgettable, family-friendly celebration. The day will be full of Finnish sports and other outdoor activities in the spirit of...

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The Luxembourg Act of 10 August 1915 on commercial companies (the "Act"), as amended by the Act of 10 August 2016, now provides that the debt-to-equity swap rules set out in Article 94-2 et seq. can be applied to any issuance of securities by a Luxembourg or foreign issuer. 1. Opt-in mechanism The rules laid down in Articles 84 to 94-8 of the Act mainly relate to the organization and powers of bondholders' meetings and representatives. Luxembourg and foreign issuers can now...

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The Kokesh decision has the potential to significantly limit the financial sanctions at issue in SEC enforcement actions, especially in the context of the SEC’s enforcement of the Foreign Corrupt Practices Act. For many years, the U.S. Securities and Exchange Commission (SEC) has sought both civil monetary penalties and disgorgement of unlawful gains from those alleged to have violated federal securities laws. While civil monetary penalties are subject to a five-year statute of limitations under the Supreme Court’s 2013 decision...

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The implementation of the OECD’s BEPS Project represents a fundamental change in taxation from the legalistic approach, under which tax minimisation is a generally accepted practice, to the fairness based approach where tax liability in each country should be a fair representation of the economic activities in that country. This shift will cause disagreement on what constitutes fair taxa- tion across countries and result in double taxation through concur- rent multinational audits on cross-country economic activities. Integrated technology solutions will...

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