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Santamarina y Steta SC | Mexico | 12 Apr 2019

Tourism real estate: legal considerations for developers

Mexico attracts a large number of tourists, and real estate to support this booming industry is frequently being developed by investors. As Mexico has an abundance of natural resources, tourism developments often take place in a range of different ecosystems, such as forests, beaches and jungles. This article examines the main legal issues that developers should consider when planning a real......
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DLA Piper | Russia | 2 Apr 2019

Pharmaceuticals Sector Update April 2019

Under the regulation now in force, medical organizations can apply a 0% rate of profits tax, but this tax concession is only valid until 1 January…
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Piper Alderman | Australia, USA | 2 Apr 2019

Federal Budget 2019: Key Tax Measures

The 2019-20 Federal Budget delivers a budget surplus together with a raft of tax concessions aimed mostly at low to middle income earners. The tax…
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Mayer Brown | Brazil | 29 Mar 2019

16th Concession Bid Round -Tender Protocol and Concession Contract Drafts

On March 25, 2019, Brazil’s National Agency of Petroleum, Natural Gas and Biofuels - ANP (“ANP”) published the draft tender protocol (“Draft Tender…
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Hogan Lovells | Mexico | 22 Mar 2019

Excessive fines deemed unconstitutional in landmark Supreme Court of Justice declaration

The Supreme Court of Justice recently declared that an article of the Federal Telecommunications and Broadcasting Law – which provided that the minimum fine for any violation of the law not otherwise expressly penalised in another law was 1% of the offender's annual income – to be unconstitutional. This declaration may signal that the court intends to participate more regularly in shaping......
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Gilbert + Tobin | Australia, USA | 19 Mar 2019

Labor’s tax policies - removal of “loopholes”, “subsidies”, “concessions” and targeting “multinational tax dodgers”

Based on recent polling and the impending Federal election, there is a high probability that the tax measures in the Government’s Federal Budget due…
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Proskauer Rose LLP | USA | 7 Mar 2019

2019 Brings Minimum Wage Increases Across the European Union

The New Year has brought an increase in minimum wages across the majority of European Union member countries. While most of these changes have been…
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Mayer Brown | Angola | 27 Feb 2019

Angola 2019-2025 New Concession Award Strategy

With the aim of increasing oil and gas production in Angola, a new Concession Award Strategy for the 2019-2025 period has been approved by…
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AFDO-adv | Portugal | 22 Feb 2019

Court rules on depreciation and amortisation of submerged lands within concession agreement

The South Administrative Central Court recently discussed the problem of the admissibility, for accounting and tax purposes, of the depreciation and amortisation of submerged lands within a concession agreement between a company and the Portuguese state relating to the use of a public hydro domain for watering and hydroelectric exploitation. The court concluded that no contradiction existed......
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Beretta Godoy | Argentina | 17 Dec 2018

First round of competitive bidding for offshore exploration launched

The government recently published Decree 872/2018, ordering the Secretariat of Energy to launch the first round of international competitive bidding for offshore exploration permits. Given Argentina's size and the potential for the discovery of new energy sources, the government aims to exploit its resources through effective investment in seismic surveys and hydrocarbon explorations in......
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