Articles

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.

The concept of jointly owned property was introduced by Law no. 27 of 2007 “concerning ownership of jointly owned real property in the Emirate of Dubai”. This law came into effect on April 1st, 2008. Additional regulations, known as “directions”, were issued in 2010 in order to regulate a few subjects such as the content of Jointly Owned Property Declarations and Building Management Statements, the developers’ disclosure obligations, consumer protection matters and the licensing and registration of Owners Associations, among others.

This article elaborates on Jointly Owned Property, Common Areas, Responsibilities and Procedure.

The ABL Young Lawyer’s Group has published its first Report on ‘National Rules for Long Term Visa Stays’.

The Report draws attention to the process involved for those looking at applying for long term stays of more than 3 months in each of the countries mentioned and the criteria that needs to be met. It is important to note that there are different rules for those that are EU citizens and those that are non-EU citizens.

In his book, The Art of the Deal, Donald Trump tells a story about a particular real estate transaction he negotiated, and one reference highlights a dilemma regarding a lawyer’s role in real estate and business contract negotiation and drafting.  Trump writes “I wasn’t sure who was more eager to break up the deal, my lawyers or theirs?” This begs the question: “Whose deal is it, anyway?”

Indeed, lawyers can be the reason why a good transaction isn’t completed, inserting their personalities, confusing themselves with the real decision maker (you!), identifying problems without offering solutions, and generally getting in the way of the transaction. However, without legal insights applied to the contract, a buyer or seller may go into the deal without understanding what they have committed themselves to.

The Investment Services Act 1994, Cap. 370 of the Laws of Malta, (the “Act”) regulates Investment Services and Collective Investment Schemes in Malta. The Act implements ECD Council Directive 2004/39/EC (MiFID) and certain provisions of EC Council Directive 85/611/EC (UCITS) and provides the opportunity for a Licensed Maltese Investment Services company  to offer its services in other EU member states by means of passporting rights, either through the establishment of a branch or through a services passport, i.e. the offering of cross border services.