There has been considerable controversy over the correct interpretation of the permanent establishment provisions found in Double Taxation Avoidance Agreements [“DTAA”] to which India is party. While recognising that this is a fact-sensitive inquiry, there are distinct signposts in the jurisprudence of the courts on this issue, both in India and elsewhere. In an important decision given last week...
Manchester United and the Dual Class Share Structure
The financial press is abuzz with Manchester United’s possible listing on Singapore’s stock exchange (SGX) with a dual class share structure. For example, the Financial Times notes: Manchester United football club’s $1bn initial public offering in Singapore will use a two-tier share structure that will minimise the influence of outside shareholders over the US-based Glazer family. The ability to...
Call for Papers: Developing World Review on Trade & Competition
(The following announcement is from the Editors of the Development World Review on Trade & Competition Journal) Developing World Review on Trade & Competition (DWRTC) Journal is pleased to announce the call for papers for its Vol.1 Issue 2. International trade & competition related issues are of vital importance for any economy. Economies, especially ‘Developing Countries’ face...
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