The United Kingdom's National Security and Investment Act (NSI Act) is scheduled to come fully into force on January 4, 2022. The NSI Act will create a new framework for the UK government to review so-called "trigger events," which include acquisitions and investments in which one party acquires "control" of a qualifying entity or a qualifying asset on national security grounds. Acquirers in certain trigger events will be obligated to notify and obtain clearance from the UK government prior...

The advantages of outsourcing business functions are now widely apparent in the sector. Here’s what you need to know. Over the past two decades, the benefits of outsourcing have become so evident across many industries that the strategy has evolved from nice-to-have to must-have. Indeed, the absence of outsourcing in an organization can raise questions about transparency and efficiency. Interest in outsourcing within the real estate industry began roughly 10 years ago but is only recently catching on. You can’t exactly...

The EACC, in partnership with the International Property Tax Institute (IPTI), wants to keep its members up to date with the latest developments in property taxes in the USA and Europe. IPTI has put together below a selection of articles from IPTI Xtracts; more articles can be found on its website (www.ipti.org). UNITED STATES Tricky Issues Impact Shopping Center Property Taxes Property tax assessments of shopping centers and other retail real estate may not capture the full extent of value losses those...

In this week’s Roar, we now have 24/7 operations at the Port of Los Angeles, the Port of Oakland’s attempts to increase traffic, the EU’s proposals to decrease Northern Ireland border checks, lengthy Asia-North Europe arrival delays, and a “superhot” airfreight market.  Despite extending its hours back in September, the Port of Los Angeles is finally preparing to move to a 24/7 operation. This transition comes after a string of reports suggesting “the extended hours had not reached their potential due...

RSM World of IFRS summarises key matters arising from recent IASB discussions and decisions, highlights RSM thought leadership from around the world, and addresses an IFRS application question each month. Latest matters from the international accounting standards board (IASB) The following is a summarised update of key matters arising from the discussions and decisions taken by the IASB at its remote meetings on the following dates: 22-23 June 2021 20-21 July 2021 The full update, as published by the IASB, can be found here. MAINTENANCE AND...

This week's special newsletter provides an overview of notable changes in Canadian immigration including all measures directly related to the COVID-19 pandemic. Here are the most important news since the beginning of the pandemic and travel restrictions as of October 14, 2021 The U.S. land border will be open to fully vaccinated Canadian travellers starting in November Vaccinated Canadians will be able to travel to the U.S. by land or ferry starting in November for non-essential purposes (tourism, family travel, etc.)....

On September 21, 2021, the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) announced several actions focused on disrupting criminal digital finance infrastructure, including virtual currency exchanges, responsible for laundering cyberattack ransoms, and encouraging incident and ransomware payment reporting to U.S. authorities.  OFAC issued an updated advisory on potential sanctions risks associated with facilitating ransomware payments (the “Advisory”).  OFAC also added Russia-based cryptocurrency exchange Suex.io to its Specially Designated Nationals and Blocked Persons List (the “SDN List”).  This is the first cryptocurrency...