Two things awe me most, the starry sky above me and the moral law within me. The German philosopher Immanuel Kant has left such a widely quoted sentence: “Two things awe me most, the starry sky above me and the moral law within me.” The “starry sky above my head”
Court: Supreme Court of Victoria, Common Law Division Judgment Date: 19 December 2017 Parties: Plaintiff: Jian Liu Defendants: Jianshu Ma and Xiulin Li Key Facts:This case involves an application for the recognition and enforcement of a foreign judgment at common law. The People’s Court of Jiangsu Nantong Chongchuan
Many homeowners in New South Wales (NSW), Australia, face the risk of builders failing to complete their projects on time or sudden unforeseen problems when undertaking residential construction or renovation. Last year, an NSW builder suffered cash flow problems when its building license was suspended, leaving at least 45 residential
Background This case involves an application for summary judgment by Suzhou Haishun Investment Management Co Ltd against Yue’e Zhao to enforce three judgments obtained in a Chinese court. The judgments relate to alleged unpaid loans made by Suzhou Haishun to Ms Zhao in 2013. Ms Zhao denies
As of 2021, China has 9.2 million residents categorized as HNWIs, the highest number in the Asia-Pacific region, and this number is expected to nearly double by 2026. In the context of globalization, more and more high net worth individuals (HNWIs) are owning assets overseas. If an asset holder
Background This case from the County Court of Victoria involves a dispute over alleged misleading and deceptive conduct in the context of a share sale transaction. Plaintiffs Mr Li and another party sued defendants, Mr and Mrs Mikkelsen (“Mikkelsens”), claiming they were induced to purchase shares in the Mikkelsens’ business
Are you also confused about the question in the picture? In this article, we’ll break down the ATO’s definition of tax status and answer these questions one by one. The Foreign Resident Capital Gains Withholding (FRCGW) rules apply to all Australian property transactions and determine whether buyers need
Fairfax Media Publications Pty Ltd v Voller [2021] HCA 27 Court: High Court of AustraliaDate of Decision: 8 September 2021 Facts: Dylan Voller, the respondent, was a well-known figure in Australia due to his treatment in juvenile detention, which was widely publicized. Several media companies, including Fairfax Media Publications Pty Ltd, Nationwide
Conducting a property conveyancing in Australia involves complex tax rules, with the Foreign Resident Capital Gains Withholding Clearance Certificate being one of the key documents that property sellers must focus on. Last year the Australian Government passed significant changes to the rules governing foreign resident capital gains withholding (FRCGW) for
Cheung v Commissioner of Taxation [2024] FCA 1370Court: Federal Court of AustraliaDate of Judgment: 29 November 2024 Facts The applicant, Mr. Lin Jum Cheung (referred to as “Rene”), a resident of Australia, received approximately $33 million in deposits from Vanuatu bank accounts into his Australian accounts between the 2005 and 2015 income
With the continuous improvement of global transportation infrastructure, cross-border e-commerce has experienced rapid growth. In recent years, the share of Chinese sellers in the global cross-border e-commerce market has been steadily increasing. Between 2012 and 2016 alone, China’s cross-border e-commerce market expanded from 293.7 billion RMB to 1.28 trillion RMB.
Westpac Banking Corporation v Forum Finance Pty Limited (in liquidation) [2024] FCA 1176 Court: Federal Court of AustraliaDate of Judgment: 11 October 2024 Facts: This case arises from a massive fraud scheme orchestrated by Mr. Bill Papas, CEO of Forum Finance Pty Limited (Forum Finance), in which three financial institutions—Westpac, SMBC Leasing,
