Doing Business In: Banking and finance law in Ireland and the outlook for 2021
Maples Group
2020 was set to be another year of growth and of increased interest in developing areas such as green loans and fund finance, as lawyers and other finance professionals eagerly awaited to see how Ireland could capitalise on the fallout from Brexit. No one could have predicted Covid-19 and the huge impact it would have …
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View Firm ProfileDoing Business In: The Cyprus Real Estate Market
A.G Erotocritou LLC
The real estate industry in Cyprus has had a considerable and unprecedented beneficial impact on the island’s international profile as a highly attractive investment destination. In this regard, such favourable exposure has consistently served as a dominant driving force in efforts to promote the abundant opportunities offered by the island’s real estate initiatives. In essence, …
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View Firm ProfileDoing Business In: Denmark
Lund Elmer Sandager
The Danish Business Environment Denmark’s attractive flexible hiring rules, personal freedom and absence of corruption make Denmark one of the world’s best places to do business for both Danish and foreign companies. Denmark is a modern market economy and takes the lead with a high-tech agricultural sector and world leading companies within e.g. the pharmaceutical, …
View Firm ProfileDoing Business In: Merger control regime in Turkish competition law
ELIG Gürkaynak Attorneys-at-Law
Turkey is a jurisdiction that receives quite significant numbers of merger control notifications due to its relatively low turnover thresholds and wide coverage that does not exclude any foreign-to-foreign transactions. The most crucial aspects of the merger control regime in Turkey are examined below. 1. Transactions that must be notified to the Turkish Competition Authority …
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View Firm ProfileDoing Business In: Mexico – COVID-19, counter-reforms and dispute resolution
Malpica, Iturbe, Buj y Paredes, S.C.
2020 and 2021 were strange and challenging years for everybody. World economies suffered gravely due to the Covid-19 pandemic. Closures and lack of governmental rescue programs caused severe stress to commercial transactions in Mexico and affected the viability of all types of businesses but more severely companies relying on high volume sales for goods and …
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View Firm ProfileDoing Business In: Book publishers
VARET & PRÈS AVOCATS
In France, for book publishers as for the rest of society, 2020 was marked by the Covid-19 health crisis. Bookstores, considered non-essential businesses, were closed during the first lockdown in spring 2020 as well as during the second lockdown in November, for a total of almost three months. Thus, there were fears of a strong …
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View Firm ProfileDoing Business In: Shipping in Cyprus
Montanios & Montanios LLC
Introduction Cyprus, a full member of the European Union, has been in the forefront of international shipping for over 6 decades and today it: has the 3rd largest merchant fleet in Europe and the 11th largest globally, and is the largest third-party ship management centre in Europe and amongst the top three worldwide. The Cyprus …
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View Firm ProfileDoing Business In: Switzerland
Teichmann International
Why Switzerland? Switzerland is globally recognised as a world-leading country in many respects. It has extremely high quality of life (joint-2nd in the 2020 Human Development Index of the United Nations Development Programme), international credibility, political and social stability, a transparent legal system, a liberal and highly competitive economy, strategic geographical position, and multiculturalism. Little …
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View Firm ProfileDoing Business In: Regulatory and competition law developments in Cyprus
Antoniou McCollum & Co. LLC
Competition law The past year has been a very productive one for the Cypriot competition authority, the Commission for the Protection of Competition (CPC). While Cyprus has yet to transpose Directive 2019/1 into its legal order, the CPC carried out a public consultation in 2020 on a draft bill intending to implement the said Directive. Provisions …
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View Firm ProfileDoing Business In: Corporate and Commercial in Cyprus
Elias Neocleous & Co LLC
Background The corporate and commercial landscape in Cyprus has witnessed some dramatic changes since the country gained independence from the United Kingdom in 1960. The economy at that time was dominated by agriculture and tourism and consequently, corporate and commercial activity on the island was both limited in scope and generally domestic in nature. Faced …
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View Firm ProfileDoing Business In: Dispute Resolution in Cyprus
Elias Neocleous & Co LLC
Background To date, in Cyprus, the dominant means of settling large commercial disputes is via litigation. There is often negotiation before and during court proceedings but no legal obligation on or expectation that the parties will engage in such discussions unless they have specifically agreed to do so. Alternative dispute resolution methods (“ADR”) are a …
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View Firm ProfileDoing Business In: Tax in Cyprus
Elias Neocleous & Co LLC
Overview The Cyprus tax regime is one of the most attractive in Europe for individuals, investors and businesses. It offers one of the lowest corporate tax rates (12.5%) and the country can boast of a network of more than 60 double taxation agreements. Cyprus provides an ideal environment for group holding and finance companies, offering …
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