Currently, lawmakers in the central and local governments are studying the Guideline and producing corresponding policies. We will keep a close eye on their further activities. However, foreign investors must follow the restrictions in the 2011 Foreign Investment Catalogue《外商投资产业指导目录（2011年修订）》, for example, Chinese government prevents direct foreign investment engaging in the construction of golf course. … [Read more...] about State Council Issues Guideline to Boost China’s Sports Industry
The ultimate enactment of U.S. tax reform will require the adoption of identical bills by both the House and Senate, and the signature of the President. Any reconciliation of the two bills will require significant negotiation between the two chambers, unless the House were to adopt the bill passed by the Senate. As a result, the precise form that tax reform legislation will take, if and when it is ultimately enacted, remains highly uncertain. However, Republican leadership has consistently maintained that they will present legislation to the President for his signature by year's end. Therefore, taxpayers should consider the effects of the proposals in the House Bill and the Senate Markup, and plan accordingly. Please contact your usual Proskauer contact, or any member of the Proskauer Tax Department, to discuss any of these issues. … [Read more...] about Tax Reform: Focus on the Sports Industry
In the UK, the regulatory regime is comparatively flexible, though the Civil Aviation Authority imposes certain key restrictions, which differ depending on the drone size/weight (generally measured in ‘Maximum Take Off Mass’) and the location in which they are being operated (the general position unsurprisingly being that the more built-up the area, the more stringent the requirements). Importantly, pursuant to Articles 94 and 95 of the Air Navigation Order 2016, permission from the CAA is required for any organisation or individual wishing to: … [Read more...] about Magnificent Flying Machines? The Growing Role Of Drones In Sport
“For years, American sports teams, venues and leagues have been leaders on sustainable development and environmental stewardship, and the Green Sports Alliance has been critical to the success they’ve seen,” said EPA Deputy Administrator Bob Perciasepe. “This MOU will strengthen the partnership EPA has with the Alliance, and ensure its members have EPA resources at their fingertips as they continue their important work. Together, we can find new ways to conserve energy, reduce waste and pollution, and engage America's sports fans in the effort to bring about a more sustainable future.” … [Read more...] about EPA, Green Sports Alliance Partner to Protect People’s Health and the Environment
The issues and recommendations outlined in the 2 February resolution undoubtedly ring true in pinpointing the various fundamental issues facing sport today, particularly in relation to governance. Whilst it arguably falls short of identifying precisely how any Code or governance standards introduced by the EU would operate in practice, it seems undeniable that the implementation of good governance standards on an international basis would be beneficial for sport. Whether, and how, this will work at an EU level will depend upon how the overarching recommendations in the EP’s resolution develop. As the resolution itself states, a successful will require a change in mindset of all stakeholders, an enhancement of dialogue and cooperation amongst the various relevant sporting, national and local authorities. … [Read more...] about Should the EU Introduce its own Governance Code for Sport?