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Later, as a scholar at Hong Kong University, Chiu would occasionally move by Galschiøt’s sculpture. The group had been excited about exhibiting Galschiøt’s pillar in Norway since 2020; its elimination in Hong Kong strengthened these plans. Chiu leads a Norwegian nonprofit focused on supporting human rights in Hong Kong.
According to the debtors, their troubles could be traced back to an August 2017 acquisition — consummated in January 2018 — of the assets (i.e., operating entities, non-debtor entities owning the true property upon which the hospital operate, and sure receivables) from Tenet Business Services Corporation. The debtors’ main supply of funding for the acquisition was a pre-petition credit facility from Midcap Funding IV Trust. The debtors do, however, have a dedication from Midcap for $65mm of DIP financing, of which it seems lower than $7mm might be new money.
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To put it plainly, her lawyers’ sensible recommendation has saved her between 10 and 20 million dollars per 12 months, and based on the Spanish legal professional Jaime Rotondo, she pays no wealth tax on her paintings in Ticino, where she is as soon as extra officially domiciled. The trusts therefore allow her to save tons of no less than $2 million per year, greater than overlaying the few dozen thousand dollars she spends each year to keep these companies working. The recordsdata provide a first ever glimpse of how Swiss attorneys and trusts from Geneva to St. Gallen helped purchasers the world over set up offshore companies and trusts to guard their property from the taxman or over-zealous heirs. “People don’t arrange this type of construction out of altruism, but to gain a profit,” says Christian Wanner, certainly one of Switzerland’s leading authorities on tax assortment. According to the bulk view, the privilege does not prolong to communications between in-house counsel and the staff or purchasers of the corporation (as against communications between in-house counsel and exterior attorneys). First, in-house counsel don’t work as unbiased attorneys but as staff of a company – other than a regulation agency.