By Fabio J. Guzmán Saladín, Guzmán Ariza
Law 141-15 pertains to restructuring and liquidation of companies and commercial persons and places the Dominican Republic among the countries with the most advanced and modern legislation in the matter. Said law establishes procedures and mechanisms necessary for companies and local merchants to have options for surpassing financial diffculties without recurring to the liquidation of the company assets. Furthermore, it transcends the regulation of commercial restructuration and liquidation in an international situation by including, in its Title IV, the cooperation in international procedures. In this article, we will explain in detail the origin of this title, its objectives, its scope in international cooperation, and finally, its repercussions in the Dominican and international legal spectrum.
By Biljana Svaljek, INFOKORP
Prior to entering into the European Union, buying real estate in Croatia was complicated. Natural persons had to register a company in order to purchase real estate. Today, all citizens of the EU and Switzerland have the same conditions as Croatian citizens.
By Valeria Khmelevskaya, KBK Accounting
One of the major conditions currently necessary in Russia for application of the incentives provided by double taxation treaties (DTT) is the “actual right of the company to the income” obtained from the sources in Russia. This is the statutory naming for a beneficial ownership concept (BO) in Russia, which continues to develop and evolve after introduction into legislation in 2015.
By Tom O’Byrne, O’Flynn Exhams LLP
Commercial lettings in Ireland have had a turbulent decade. The financial crisis took its toll on the sector. The National Asset Management Agency (NAMA), founded in 2009, acquired loans valued at EUR 77 billion and broad powers to manage its portfolio. Bailouts, Troika rules, insolvencies, and the blame-game led industry discourse.
By Anne M. Kennedy, Pallett Valo LLP
With a simple swab, a person can learn about their ancestry, connect with family members they never knew existed, and discover which traits they are predisposed to. Importantly, they can also predict to some degree their risk of disability or disease, with the hopes of improving how their medical problems are treated in the future.