Articles

The ABL Young Lawyer’s Group has published its 5th Report on ‘Data Privacy”. The Report draws attention upon the distinctive trait of the Privacy legislation in each country mentioned in this Report.

Many growth companies are operated as C corporations, and frequently that's a sensible thing to do.

The familiar shareholder/board/management structure of a corporation can be more comfortable for the participants than the more amorphous and flexible LLC structure; the shareholders are not bothered with K-1s and pass-through tax outcomes (the absence of which is an essential requirement for some types of institutional investors); and, because its tax incidences do not flow through to its equity owners, the C corporation's financial details need not be disclosed to them to the same degree and with the same frequency as those of an LLC or S corporation.

However, there is a major drawback to C corporation ownership that sometimes is not discovered until it's too late to fix. Read the full article.

This article gives the answers to the most frequently asked questions in this regard. It includes a link to the full guide through the UAE Family Court Proceedings.

The very purpose of introducing Fast Track Regulation is to lower the burden on small companies from following the cumbersome procedure of Resolution Process as specified under the Insolvency and Bankruptcy Code for larger companies.

The regulation came in force on June 14, 2017 and applies to small companies, start-ups and to unlisted company with total assets, as reported in the financial statement of the immediately preceding financial year, not exceeding Rs.1 cr.

Now, is it really fast? Click here to read the full article.

Switzerland benefits from a stable and reliable economic situation due to its strategic position in the centre of Europe, proximity infrastructures, high skilled labour force, liberal labour law, competitive tax system and substantial investments in research and developments during the last decades.

Read our Doing Business in Switzerland Guide to find out about the most important legal considerations for a foreign individual or organisation wishing to establish business operations in Switzerland.


This publication was prepared by DGM Avocats, an independent ABL member with offices in Geneva. The firm provides a full range of legal services on behalf of both private clients and companies worldwide. DGM is associated with MD Services S.A., which provides accounting, administrative and management services to foreign and Swiss companies.


 

UK - The Common Reporting Standard (CRS) is a global standard for the automatic exchange of information between the tax authorities of participating countries. It has been designed to prevent individuals and entities using offshore structures to evade tax and has important implications for charities. Some charities, especially those that have a trust structure and receive the majority of their income from investments, must comply with the requirements of CRS.

This article provides an overview of when a charity is subject to CRS and, if so, its obligations.

The ABL Young Lawyer’s Group has published its fourth Report on ‘How arbitration works in your own country, enforcement of a foreign award and the New York Convention”. The Report draws attention upon the arbitration rules in each country mentioned in this Report and contains the procedures for the enforcement of a foreign award and a particular reference to the New York Convention.

The ABL Young Lawyer’s Group has published its third Report on ‘What is the preferable vehicle for setting up a small business?” The Report draws attention upon the types of companies that are suitable for setting up a small business and contains various information regarding the legal provisions that govern the procedures for establishing a company and the conditions that need to be fulfilled in each country mentioned in this Report. 

Protect your children's inheritance by taking advantage of new inheritance tax allowance

Nobody wants to see their hard-earned cash go to the tax man when they die, but until recently if your estate was worth more than £325,000 you faced the prospect of having to pay inheritance tax at a rate of 40 per cent.  There were, and continue to be, ways to reduce your potential liability but none are straightforward.  The good news is that, from 6 April this year, new rules are introduced which should allow most people to reduce their inheritance tax liability with a bit of forward planning.

In this article, Gail Hall, private client lawyer at Warners Solicitors in Kent, explains the new rules and how the allowance will work.

Malta may be a small country but what it lacks in sq/km, it makes up for in terms of its maritime reputation. It’s shipping register is the largest in Europe and the 6th largest in the world and offers an efficient registration procedure, flexible fiscal solutions, for anyone looking to register a yacht or ship in Malta.

Read the full article to learn about the advantages to registering your ship, vessel or yacht in Malta.