Clear all

Refine your search

Tags
Author
Territory

140 results found

Commentary
Ask Lexy

Norton Rose Fulbright | Italy | 15 Apr 2019

Fine line between financial initiatives in PV greenhouses and genuine agricultural projects

The Regional Administrative Court of Sardinia recently annulled the regional authority's decision to revoke authorisation for the construction and operation of a photovoltaic (PV) plant on the rooftops of agricultural greenhouses following its alleged loss of status as an agricultural company. The decision confirms that the lack of qualification as a professional agricultural entrepreneur......
Commentary
Ask Lexy

Ogier | Cayman Islands | 11 Apr 2019

Cayman Islands economic substance requirements

New legislation recently came into force in the Cayman Islands requiring in-scope entities that carry on particular activities to have demonstrable economic substance in Cayman. Relevant entities must make an annual report as to whether they are carrying on one or more of a defined list of activities (relevant activities). If they are, they must satisfy an economic substance test in Cayman in......
Commentary
Ask Lexy

Grieco e Associati | Italy | 8 Apr 2019

New rules for limited liability companies

The rules concerning the corporate governance of limited liability companies were recently amended. The changes are twofold: some directly affect the bylaws of limited liability companies, while others affect the requirements for appointing professionals who perform auditing and supervisory duties for such companies. The new provisions must be adopted immediately by newly formed companies,......
Commentary
Ask Lexy

Ropes & Gray LLP | USA | 3 Apr 2019

Delaware's amendments apply market-out exception to appraisal rights for Section 251(h) mergers

Delaware Governor John Carney recently signed into law amendments to the Delaware Limited Liability Company Act and the Delaware General Corporation Law. Notably, the amendments expand the application of the market-out exception to appraisal rights, which has long been applicable to 'long-form mergers', to also include 'medium-form mergers'.
Commentary
Ask Lexy

Carey Olsen | Bermuda | 28 Mar 2019

Deadline approaches for compliance with Bermuda beneficial ownership regime

Bermuda companies have until 30 April 2019 to comply with requirements introduced in 2018 to maintain a register of their beneficial owners. If a company is non-compliant with these requirements after this date, both the company and its directors and other officers may be subject to criminal sanctions.
Commentary
Ask Lexy

Walder Wyss Ltd | Switzerland | 26 Mar 2019

Legal considerations regarding SPVs

Switzerland has no specific securitisation legislation. Therefore, securitisation transactions are subject to the general legal framework that applies to all other financial transactions with respect to, among others, both corporate law and regulatory matters. This article provides a short overview of certain company-related aspects to consider when setting up a special purpose vehicle......
Commentary
Ask Lexy

Grieco e Associati | Italy | 18 Mar 2019

Shareholders' agreements – courts clarify rules for listed and non-listed companies

Italian company law contains specific provisions for shareholders' agreements relating to listed or non-listed companies. Two recent court decisions provide clarity in this regard and confirm that the existing legal framework broadly recognises the admissibility of shareholders' agreements in order to govern the rights and obligations of company shareholders, particularly for joint ventures......
Commentary
Ask Lexy

Luther Rechtsanwaltsgesellschaft | Luxembourg | 12 Mar 2019

Court of Appeal rules on testimony of executive board members

In a dispute between a public limited liability company and one of its employees, the Court of Appeal issued a decision concerning the testimony of executive board members of a party to a dispute. The court's decision contradicts case law that seemed to have overcome this problem with regard to public limited liability companies. Hence, the courts remain divided as to whether the testimony of......
Commentary
Ask Lexy

George Z Georgiou & Associates LLC | Cyprus | 22 Feb 2019

Rent Control Court awards damages to owner after tenant is evicted

The Limassol Rent Control Court recently dismissed an application regarding the eviction of a tenant from a leasehold. Since it was ruled that the first and second applicants had never owned the property, they were not entitled to file the eviction application. However, the court awarded damages in relation to unpaid rent to the third applicant (who became the actual owner of the property......
Commentary
Ask Lexy

Elias Neocleous & Co LLC | Cyprus | 19 Feb 2019

New statutory interest rate on judicial awards enters into force

The minister of finance recently announced that the statutory rate of interest on judgments pursuant to Article 33 of the Courts of Justice Law has been reduced to 2% per annum with effect from 1 January 2019. This rate will apply for the entirety of 2019.
Previous page 1 2 3 ...