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Announcement (Press Release)
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May 24, 2010
TerraLex is proud to announce that the member firm for Turkey, Pekin & Pekin, has been named International Tax Review's "Tax Firm of the Year."
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Announcement (Press Release)
) Posted on
March 30, 2010
TerraLex is proud to announce that our member firm in Chile, Carey y Cia., has been named "Chilean Law Firm of the Year" by the International Financial Law Review (IFLR)
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Article
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September 15, 2009
In response to its weakening economy, China announced a massive $586 billion USD stimulus package in November 2008. China’s stimulus-funded projects may hold opportunities for foreign companies.
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Article
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September 15, 2009
The combination of limited liability, tax transparency, a tax efficient jurisdiction and being part of the European Union makes the Gibraltar Limited Partnership an attractive structure as part of tax planning arrangements.
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Article
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September 15, 2009
In today’s uncertain economic climate businesses that sell goods on credit face an ever-increasing risk that their buyers will be unable to pay for the products they have purchased. This article discusses sellers’ rights of reclamation outside bankruptcy.
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Article
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September 15, 2009
Local laws can affect online business models in unexpected and dramatic ways, as demonstrated by the string of lawsuits brought by luxury brand manufacturers against eBay in the United States and various countries in the EU. This article discusses recent lawsuits brought by luxury brands against eBay and the different standards that American and European courts have applied in adjudicating whether eBay is liable when its website is used to auction counterfeit luxury goods.
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Article
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September 15, 2009
The purpose of this article is to increase awareness of FIRPTA and to highlight certain problems which may arise for a foreign investor selling U.S. real property.
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Article
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September 15, 2009
Aruba has established a modern legal system, which facilitates the financing and ensures the safety of aircraft and aircraft engines that are operated internationally.
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Article
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July 13, 2009
On 6 October 2008, the Scottish Government issued a consultation document on a proposed framework for the development and deployment of renewables in Scotland. This comes against the background of the likely adoption of an EU target for the United Kingdom to ensure that 15% of energy use (electricity, heat and transport) comes from renewable sources by 2020. It is therefore an important and significant consultation document.
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Article
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July 13, 2009
A Scottish limited partnership (SLP) is a unique vehicle. Although it has been around for over a century, the SLP has been used in recent times for modern business purposes such as private equity and property investment fund structures. This article looks at the advantages of the SLP which make it so attractive to fund managers, promoters and investors, both domestic and overseas.
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Article
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July 07, 2009
If your client’s business includes an international component, the chances are that its contracts include an agreement to arbitrate disputes. Typically, international arbitration involves little or no discovery. This article discusses one avenue for obtaining discovery in international arbitration, 28 U.S.C. §1782.
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Article
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June 10, 2009
Whereas Limited Liability Partnerships has been a popular corporate structure for business entities in the West for years, India has only now passed a legislation permitting Limited Liability Partnerships. This article discusses the nuances of the new legislation, its positives, LLPs as form of foreign investment in India, its taxation liabilities and conversion of existing business entities into LLPs.
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Article
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June 05, 2009
The U.S. Supreme Court has said that for our courts to exercise personal jurisdiction over a nonresident, the nonresident must have “minimum contacts” with the forum state, such that the exercise of jurisdiction “does not offend traditional notions of fair play and substantial justice.” But the Supreme Court has not spoken on the subject since the Internet was born. What does personal jurisdiction mean in the context of international e-commerce?
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Article
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June 05, 2009
The rules followed by Canadian courts with respect to when to assert jurisdiction over foreign defendants is markedly different from U.S. law and can result in U.S. companies being forced to litigate in Canada, even if they have no contacts to the jurisdiction.
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Article
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June 05, 2009
The combined endeavors from the Board of Investment and The Financial Services Commission set up respectively under the Investment Promotion Act and the Financial Services Development Act bring into focus a rather technical and complex area which straddles business, commercial and banking law.
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Article
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June 05, 2009
The authors comment on the amendment of the Spanish bank law which very recently came into effect on April 1, 2009 to provide more flexibility to court proceedings and more guarantees to financial institutions when refinancing their credits.
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Article
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June 05, 2009
This article will provide an analysis of the myriad of options for the restructuring of BVI companies, some of which may be familiar to those practising in other jurisdictions, which, when taken together, give the maximum possible flexibility and choice in restructuring BVI investment vehicles.
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Announcement (Press Release)
) Posted on
November 01, 2008
The law on foundations is one of the most important legal pillars of the Liechtenstein financial centre. It has its roots in articles 552-570 of the PGR (Liechtenstein’s Law on Persons and Companies) which came into force in 1926 and has seen its last major revision in 1980. After intense discussions during the preparatory phase of the draft, the law was finally passed on 26 June 2008. This article aims to give an overview on the new law.