Foreign operational activities shall be structured so that risks shall be mitigated. One of these risks is a political risk. Foreign investors and lenders should try to protect their assets and mitigate the risk of expropriation whereby the foreign state does not or insufficiently compensate investors and lenders. Asset protection can be obtained in many […]
Introduction On January 30, 2019, (the “Petition Date”), Consolidated Infrastructure Group Inc. (the “Debtor”) filed a voluntary petition for relief under chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware. The Debtor is represented by Richards, Layton & Finger, PA. The case has been assigned to the […]
Peregrine Corporate Services Limited (“Peregrine”) is heading to South Africa next month with three other Island-based companies to host several events between 12th and 14th February. Maitland Group, Capital International Group and Optimus Group will join Peregrine on the trip, coming together to bring the “Isle of Man Journey” to South Africa. Over three days, […]
Elliott Greenleaf, P.C.’s Rafael X. Zahralddin-Aravena has been selected by Latino Leaders Magazine as one of sixty-two Top Latino Lawyers of 2018 in the United States. Latino Leaders Magazine released the Top Latino Lawyers list in its December 2018 issue. If you would like to view the magazine article please click here. Rafael X. Zahralddin-Aravena is a […]
Introduction On January 16, 2019, (the “Petition Date”), Specialty Retail Shops Holding Corp., Pamida Stores Operating Co., LLC, Pamida Transportation LLC, Penn-Daniels, LLC, Place’s Associates’ Expansion, LLC, Retained R/E SPE, LLC, Shopko Finance, LLC, ShopKo Gift Card Co., LLC, ShopKo Holding Company, LLC, ShopKo Institutional Care Services Co., LLC, ShopKo Optical Manufacturing, LLC, ShopKo Properties, […]
IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Thierry Stas of Maprima. Thierry has joined IR as our exclusive Company Formations Member in Luxembourg. Thierry Stas has 20+ years of experience in the financial and reinsurance sector assisting local and international clients – from solopreneurs, startup founders to multinational […]
IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Fabio Gasperoni of Maprima. Fabio has joined IR as our exclusive Company Formations Member in Luxembourg. Mr. Fabio GASPERONI has 12+ years of experience assisting clients – from solopreneurs, digital nomads and startup founders to multinational groups and investment firms as […]
Li-Fi Technology There are two main components to a light fidelity system. They are LED light bulb acting as an emitter, and photodetector acting as a receiver. The LED bulb is connected to the internet via Ethernet wires and transmits data through the light. On the receiving end, the photo detector is used to detect […]
Our article in July highlighted the impending introduction of legislation pertaining to the substance requirements for tax resident companies. The Isle of Man Government has recently released a piece of draft legislation in relation to new substance requirements, which will, subject to passage through Tynwald and will come into effect for accounting periods starting on […]
The Netherlands has an open economy and an international business climate. Many globally-oriented businesses have decided to create operational hubs in The Netherlands and have established Dutch companies. Fast-growing sectors such as IT are driving this, since The Netherlands scores high in all innovation rankings and is therefore a popular location. Operational subsidiaries are also […]
Introduction On October 22, 2018, (the “Petition Date”), Welded Construction, L.P. and Welded Construction Michigan, LLC (the “Debtors”) filed voluntary petitions for relief under chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware. The Debtors are represented by Young Conaway Stargatt & Taylor, LLP. The case has […]
What is an “Accounting period” or “Financial year”?An accounting period is the period over which the accounting books for a Dutch limited liability company (‘BV’), or any other type of legal entity, shall be prepared. Generally, the accounting period consists of 12 months. Under Dutch GAAP and IFRS it is also allowed to have a 52-53 week […]