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Japan: The Ministry of Justice’s recent notice to tech giants may affect tax and business planning in Japan for all overseas businesses
In brief The Ministry of Justice and the Ministry of Internal Affairs and Communications have recently approached certain foreign companies (in particular tech companies) and issued notices requiring that the company make a registration in Japan under the Companies Act. In this article, we comment on this issue and provide our perspectives on the Japanese Companies Act, tax and other related laws and regulations such as the Telecommunications Business Act. Although registration as a foreign company under the Companies Act itself is fairly straightforward, registered companies are subject to certain continuous obligations under the Companies Act, such as publication of financial statements and updating their registration. Registration may also have…
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FTC puts business opportunities on notice regarding promotional claims and content
The Federal Trade Commission has recently been sending “Notices of Penalty Offenses Concerning Money-Making Opportunities and Endorsements and Testimonials” to franchisors and companies selling other types of business opportunities. These notices from the federal consumer protection agency are seemingly coming from out of the blue and being served on registered agents similar to a lawsuit, causing recipients a fair amount of concern. Although the FTC tells the recipient that it is not being singled out (see this list of businesses who received the notice in October), it warns in bold letters on the first page that the recipient is now on notice that engaging in certain conduct could subject the…
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Nuveen Dynamic Municipal Opportunities Fund Announces Availability of 19(a) Notice
NEW YORK–(BUSINESS WIRE)–The 19(a) distribution notice for Nuveen Dynamic Municipal Opportunities Fund (NYSE: NDMO) is now available. This informational notice provides further details on the sources of the fund’s regular monthly distribution and follows the most recent monthly distribution announcement. The full text of this notice is available below or on the Nuveen website via Distribution Source Estimates. Important Information Regarding Distributions October 29, 2021: THIS NOTICE IS FOR INFORMATIONAL PURPOSES ONLY. NO ACTION IS REQUIRED ON YOUR PART. If you would like to receive this notice and other shareholder information electronically, please visit www.investordelivery.com if you receive distributions and statements from your financial advisor or brokerage account. An electronic…
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