Incorporating a so-called start-up entity does not necessarily mean that the company operates within the technology sector. Start-ups today are increasingly established as vehicles to promote innovative ideas capable of influencing a wide range of industries and sectors. The shipping industry, one of the most traditional and established industries globally, is progressively embracing innovation through…
There is substantial empirical evidence that the global system of trade is fragmenting. The bigger question is how far the fragmentation will spread, and whether it becomes adaptive or harmful. No business can afford to ignore the potential consequences. Since the 1990s, regional trade agreements proliferated rapidly. Almost all members of the global trading system…
CHANGES TO THE LEGISLATION On 6 December 2024, the Prevention and Combating of Money Laundering (Amendment) (No. 2) Law of 2024 with number L.141(I)/2024 was published, introducing the below amendments: 1. The penalties for the omission or neglection of the filing / annual confirmation of the UBO Register will only be applicable to the legal…
After years of working alongside healthcare providers and medical groups, one reality stands out, IFRS 9 is rarely as straightforward in practice as it appears in theory. What is often viewed as a standard credit risk exercise quickly becomes more complex once it is applied to the day-to-day dynamics of the healthcare sector. Unlike many…
The financial services industry has long operated in an environment of evolving accounting and regulatory requirements. While IFRS 9 has now become embedded in financial reporting frameworks, recent developments and the introduction of IFRS 18 are prompting financial institutions to revisit not only their accounting policies, but also how they communicate performance to investors and…
The legal profession has historically been regarded as one of the most traditional sectors in the business world. Many law firms have traditionally relied on structures and working practices that changed only gradually, supported by predictable billing models and labour-intensive processes. That is changing. The relentless march of technology is now changing the legal industry…
Date: Thursday 26th February Time: 11:00am – 12:00pm Due to the recent ruling from the Supreme Court, we would like to invite you to attend our joint webinar, Supreme Court Ruling on US Tariffs – What companies need to know, where our experts will break down the ruling, its implications, and what steps businesses should…
Savvas Klitou, Regional Managing Partner and Head of Tax Services at Baker Tilly, analyses the weaknesses exposed by recent crises, the strategic challenges beyond 2025, and the new directions required for the Professional Services sector to achieve sustainable growth. FIVEFOLD RESILIENCE WITH AN EMPHASIS ON STRUCTURAL CHANGE Climate change is increasingly burdening the global…