QUESTION ONE – When representing a client with significant business activities in foreign jurisdictions, what are some key risk-related concerns that arise in a cross-border context and how can a parent company minimise such risk? Nowadays the approach of multinationals has changed. Increasingly, there is less attention on local people and more focus on monthly […]
Power of representatives of the S.r.l. and transfer of business
On 27 November 2019, the Ministry of Finance and the State Taxation Administration of the People’s Republic of China (“PRC”) released the Law of the People’s Republic of China on Value-added Tax (Draft for Consultation) (“Draft Law”). The consultation period has closed on 26 December 2019, and the Draft Law may be promulgated once the […]
Many companies look to grow their business through mergers or acquisitions of companies outside their own country and while this brings many opportunities it can also bring risks. But with […]
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The Law Decree n. 124/2014, as amended by the conversion Law n. 157/2019, aiming to contrast the unfortunately widespread phenomenon of use of illegal labour supply, has introduced significant innovations, effective from 1st January 2020, with reference to contracts providing the prevalent use of labour. In particular, such innovations affect obligations on Italian fiscal resident entities […]
The art. 32-quater of Decree Law 124/2019 (Tax Decree 2020), converted into Law n° 157/2019, has intervened on the tax regime of dividends paid to ordinary partnerships, in order to remedy the legislative vacuum created by the regulatory changes of the rules for the taxation of dividends paid to individuals. As known, in fact, the ordinary […]
Decree Law n. 59/2016, containing urgent provisions on enforcement and insolvency procedures, as well as for investors in banks in liquidation, and converted with amendments into Law n. 119/2016, in Chapter 1, dedicated to measures to support businesses and to speed up the recovery loans, has created the figure of the non-holding pledge, outlining a […]
Although more than 15 years have passed since the first introduction, in our legal system, of an important hybrid financing figure for the capital companies, the Participating Financial Instruments (PFI) only recently have aroused strong interest. An examination of these instruments, which find their main discipline in title V of book V of the Italian […]
The African continent has already fully entered the global economic process and has high resources in the fields of agriculture, mines, oil & gas; expects a demand in strong growing in the consumer goods sector, as well as in the energy and infrastructure sector. Currently its GDP is growing at an average of 5%. The […]
The Code of Corporate Crisis and Insolvency recently adopted in Italy provides for a new comprehensive and organic legislation on the crisis and insolvency of enterprises, which is consistent with the European directive no. 2019/1023, requiring each state to increase the efficiency of procedures concerning restructuring, insolvency and discharge of debt. While the Code will […]
The transfer of personal data to the USA and the controversial opinion of the Advocate General of the Court of Justice of the EU in Schrems v. Facebook The transfer of personal data to the USA and the controversial opinion of the Advocate General of the Court of Justice of the EU in Schrems v. […]
