Asia: Accounting and Audit

Seller rollover is a familiar feature of private equity deals. In a typical US sponsor-led acquisition, the seller takes most of the price in cash and reinvests the balance in the post-acquisition business. The seller keeps exposure to future upside, and the sponsor keeps continuing shareholders aligned with the new owners.

Compulsorily Convertible Preference Shares (“CCPS”) are frequently used by companies to raise capital. Whether a mere accounting reclassification of CCPS from borrowings to share capital and securities premium as mandated under Indian Accounting Standards (‘Ind-AS’)— without receipt of any fresh consideration—can trigger taxation under section 56(2)(viib) of the Income-tax Act, 1961 (“the Act”)?

In the September edition of our monthly newsletter “Legalaxy”, our team analyses some of the key developments in securities market, banking and finance, labour, foreign investment and maritime

Creditors seeking to recover unpaid debts in Queensland courts must navigate a complex evidentiary landscape that extends far beyond simply presenting an invoice. This article examines the specific documentation required to establish each element of a debt claim, from proving the identity of the debtor and the terms of payment to demonstrating what was supplied and calculating the outstanding balance with proper credits applied.

Narrowing options are what turn an ordinary cash-timing gap into a forced equity surrender. The same tools that could close it early become unavailable, one by one, the longer a company waits. This piece traces that sequence through an Indian alcbev company whose 2026 settlement, covering thousands of crores across lenders, suppliers and statutory authorities, cost the founding family a 17.8% equity stake. The pressure had been building for years before formal negotiations began.

In debt recovery proceedings, not every response qualifies as a viable defence. A proper defence must identify why the creditor lacks legal entitlement to the claimed amount and plead the material facts supporting that position, going beyond mere disagreement with an invoice or inability to pay.

As disputes increasingly rely on vast datasets, expert witnesses face mounting pressure to defend not just their conclusions, but the data foundations beneath them. When courts scrutinize data extraction, transformation, and reliability with the same rigor as expert reasoning, can traditional forensic approaches still withstand challenge?

You receive an urgent email from the CEO requesting a payment be processed before the end of the day. The email looks genuine, the writing style appears familiar, the address is correct and relevant supporting documentation is attached.

Trust accounts hold significant funds on behalf of clients across legal, real estate, and strata management sectors, yet weak controls and high transaction volumes create...

Hong Kong Inland Revenue Department (IRD) enquiry letters are typically sent to owners of Hong Kong offshore limited companies following the submission of a Profits Tax Return to notify them that the IRD has chosen to formally investigate their tax affairs

Most businesses have become comfortable with UAE corporate tax filing by now.  The deadlines are on the calendar, the forms are familiar, and finance teams are well into the rhythm. What fewer businesses have stopped to check is whether the accounting software they're running can actually keep up with what's coming next.  This includes everything from transfer pricing schedules to the phased rollout of e-invoicing.  This guide explains what that readiness actually looks like for finance directors, SME owners, and compliance officers working through UAE corporate tax compliance right now.

Few areas of Indian corporate governance have witnessed such sustained regulatory tightening as related party transactions ("RPTs"). The Companies Act, 2013, the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("LODR Regulations"), and a steady stream of SEBI circulars (most recently the Industry Standards on Minimum Information for RPT approval ) have together created a framework that is both rigorous and unforgiving. The framework is built on a single premise: RPTs must be approved before they are entered into — not after.