Legal updates

When Does a Capital Transaction Produce a Deductible Revenue Loss?

The Court of Appeal has held that debt-to-equity conversions may trigger deductible foreign exchange losses under Section 4A of the Income Tax Act where the underlying foreign currency loan financed revenue expenditure. The judgment provides important guidance for corporate restructurings, intercompany financing and tax dispute resolution.

Read More

The era of Digital Secrecy: Confronting Shadow AI and the Erosion of Professional Privilege

The rise of usage of Generative AI presents a critical threat to professional confidentiality. The landmark United States v. Heppner (2026) ruling establishes that using consumer-grade AI constitutes a voluntary waiver of legal privilege, as these tools lack a reasonable expectation of confidentiality.

Read More

Are Directors deemed as Employees of a Company?

The certainty of whether a director is an employee of a company is now settled. The terms ‘independent contractor’ and ‘employee’ are mutually exclusive. Contracts with employees entail the placement of employees’ services or productive capacities at the disposal of the employers.

Read More
Loading