China Recognizes Another German Bankruptcy Judgment in 2023

In 2023, a local court in Beijing ruled to recognize a German bankruptcy judgment in In re DAR (2022), marking the second time that Chinese courts have recognized German bankruptcy judgments, and the first time the de jure reciprocity – a new liberal test-being used in the enforcement of foreign judgments in China.

Nigeria | What Do I Need to Know about Taxation of Recovered Funds in Nigeria?

Under Section 9 (1)(a-g) of the Company Income Tax Act, taxes apply to the profits of all the incomes accruing in, derived from, brought into, or received in Nigeria in respect of any trade or business, rent or any premium, dividends, interests, royalties, discounts, charges or annuities, annual profits, any amount deemed to be income or profits, fees or dues or allowances (wherever paid) for services rendered, any amount of profits or gains arising from acquisition and disposal of short-term money instruments.