Brazilian data protection law takes next steps On May 29, 2019, the Brazilian Federal Senate approved Provisional Measure No. 869/2018 (Medidia Provisória No. 869/2018, MP), which amends the General Data Protection Act (Lei Geral de Proteção de Dados No. 13,709/2018, LGPD). The measure creates a National Data Protection Authority (Autoridade Nacional de Proteção de Dados,...Read More

Bern, 29.05.2019 – During its meeting on 29 May 2019, the Federal Council adopted the dispatch on the introduction of the automatic exchange of financial account information (AEOI) with 19 further partner states. Entry into force is planned for 2020 with the first exchange of data in 2021. Furthermore, the Federal Council has approved the report on the...Read More

Swiss voters have largely accepted a reform of corporate tax rules that will scrap preferential treatment for multinational firms. Sunday’s result also means a financial boost for the country’s ailing pension system. Two years after voters rejected a similar idea to reform corporate tax, the issue – this time linked controversially to pensions – received a clear thumbs-up....Read More

The UK government is consulting on new proposals to increase the amount of personal information that companies are required to disclose to Companies House, and to allow it to be cross-checked against other registers. Companies House already maintains a public register of beneficial ownership, as well as basic information about companies and their officers. The...Read More

Some 108,000 high-net-worth individuals (HNWI) migrated from their home countries in 2018, an increase from 95,000 the previous year, according to the AfrAsia Bank Global Wealth Migration Review 2019, conducted with market research and consultancy firm New World Wealth. Australia was the leading destination, welcoming about 12,000 HNWIs during the year. The US came second...Read More