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FAST FORWARD TO THE DIGITAL REVOLUTION

Exploiting technology is helping companies survive the pandemic and plan for a smarter future

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THE NEW VOICE IN GLOBAL BUSINESS

Incisive. Informative. Insightful

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TRANSFER PRICING

Moore Transfer Pricing Brief - October 2020

MARITIME

Moore Maritime index launched with the latest data

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PRC Asset Appraisal Requirements and Considerations

This article offers guidance to Hong Kong’s investors, accounting and valuation practitioners in understanding the appraisal requirements and considerations in the PRC, with the purpose of promoting further businesses between the two places.

Moore Maritime Index launched with the latest data

Moore Greece has announced that the Moore Maritime Index “MMI”, a database that contains operating costs and revenues from more than 1,500 vessels, has been updated and is available with the 2019 data.

New tax concessions and deeming provisions on shipping business – Can you benefit from these concessions?

The Inland Revenue (Amendment) (Ship Leasing Tax Concessions) Ordinance 2020 (“Amendment Ordinance”) was gazetted on 19 June 2020 to provide tax concessions to qualifying ship lessors and qualifying ship leasing managers conducting business in Hong Kong.

COVID-19 – Valuation and Market Update (30 June)

The first half of 2020 has been full of unexpected events. COVID-19 has already infected more than 13 million people worldwide, and social distance measures have brought global economic activities to a halt. Other events, such as the oil price crash and the new wave of secondary listing in Hong Kong, further made the market to be extremely volatile.

Given the fluid nature of the pandemic, different stakeholders and practitioners in the business world are facing unprecedented challenges. Various regulators and industry organisations, including SFC, HKEX and IFRS Foundation hence published an amount of new guidance and technical notes, aiming to expand the regulatory focus amid economic uncertainties and market volatilities.

Cybersecurity preparedness in time of COVID-19

The unprecedented COVID-19 crisis has posed a huge change in many aspects, for instance, remote working has become a trend to reduce the spread of virus. This has provided insights for company’s management and board on cybersecurity preparedness. Regardless of company size, IT expenditure is unavoidable in order to maintain operations during the crisis. The related cybersecurity investment due to regulatory and compliance measures have since increased. Most companies are caught off guard by the coronavirus. On one hand company’s computing resources are limited to support remote working, at the same time employees in general have not subscribed adequate firewall protection and antivirus packages to work remotely on their personal computers. With remote working becoming the new norm for companies worldwide amid the COVID-19 crisis, cybersecurity is even more crucial than before to support thousands of workers working from home accessing their companies’ networks.

Valuation considerations amid the COVID-19 Crisis

As the COVID-19 outbreak accelerates, how to deal with valuation uncertainty is one of the most concerning questions. At the same time, the International Valuation Standards (IVS) did not forbid valuations with uncertainties to be performed.