Global business is the order of the day. No country can now work in isolation in commercial transactions. This is probably the outcome of the internet and digitalization that has shrunk the physical world into one global market. This in turn has resulted in global entities entering into several cross-border contracts for supply of goods or services. All cross-border businesses must be protected and guided by cross border contracts failing which there can be total chaos in imp

A foreigner may conduct a business in Italy either as an individual, or through the setting up of a new company or through the purchase of shares in an existing company. Finally, there is also the possibility to set up a representative office of a foreign entity. However the representative office can only conduct marketing activities. Such opportunities are available both for European and non-European citizens. When the business is conducted as an individual, there are some p

With the aim of attracting foreign investment flows, Spain has introduced an advantageous tax regime for those who want to invest in foreign markets (especially for those who want to invest in Latin America) through the establishment of a holding company called "Las Entidades de Tenencia de Valores Extranjeros ”(ETVE). ETVEs have as their corporate purpose the holding of shares or equity interests in other non-resident companies, and are exempt from taxation on income obtaine

Taxation in Spain can not only meet the needs of companies and groups of companies that operate in different markets and that intend to invest in specific sectors, such as research and development, at economically advantageous conditions, but they can also be interesting for those who want to start a new business there. In fact, if a comparison is made with the tax regime of other countries, the tax burden in Spain towards companies can be advantageous especially for some typ

A new law, Law No. (16) of 2021 was issued by the Government of the UAE and the Ruler of Dubai, creating an independent legal entity called “Dubai Integrated Economic Zones” (“DIEZ”) Authority, bringing the three existing separate free zones - the Dubai Airport Free Zone, the Dubai Silicon Oasis and the Dubai Commerce City, under the control and guidance of just one Authority. The newly formed DIEZ will now all together supervise and administer said three zones, enjoying an a

In business negotiations and employment relationships, you could have to share sensitive information. The general obligations of good faith and fairness that govern contractual relations are not always able to offer reliable protection against possible unauthorized disclosure and use. It should also be considered that some sensitive information may not fall within the legal notion of commercial secret or intellectual work that can be protected with industrial property rights

The National Development and Reform Commission and the Chinese Ministry of Commerce have published for public consultation the new draft of the Chinese Negative List, subject to annual review. The activities restricted to foreign investment went from 123 to 117 compared to 2020. In fact, the requirements for prior government approval for security training and online insurance have been removed and procedures for mergers and acquisition operations involving listed companies ha

With the quick development and great increase of investment services being globally offered by international investment companies, a frequent issue is whether a company incorporated and registered in a Member-State of the European Union – let’s take as an example, Cyprus – and licensed to provide investment services by the Cyprus Authority which is monitoring its investment services, in order to operate in Italy should appoint an Italian Tied Agent, or, alternatively, can it

With decision No. 16719 dated June 14, 2021, the Supreme Court revisited the previous case law position on the matter. By means of the aforesaid decision, the Supreme Court stated that - in the event that the employer executed a transfer of business as a going concern: which was subsequently declared unlawful and refused, without justification, to restore the employment relationship with the transferred employee - the employer is not allowed to deduct from the amounts due to

During a press conference, Alfredo Mariotti, Director of the Italian Association of Machine Tool Manufacturers (UCIMU) presented the next edition of the EMO fair in Milan, the most important world event of this type of machinery, which will be held in Milan from 4th to 9th October 2021. Briefly, he indicated some data of the sector, in which Italy is one of the world leaders both as a producing country and as an exporter which in 2020 has undergone a contraction of about 20%

Smart working (“lavoro agile” in the Italian parlance, governed by Law No. 81 dated 22 May 2017 - "Law 81") consists of a method of execution of the subordinate employment relationship characterized by the absence of time or space constraints and an organization by phases, cycles and objectives, established by an agreement between the employee and the employer. All this in order to allow the employee to reconcile life and work times, facilitating, at the same time, the growth

The origin of products imported into Europe has a particular significance, because – depending on where the products actually originate from – a relevant customs duty or taxation can be charged or levied. In order to fully understand what the “Rule of Origin” stands for, it is opportune to better define the meaning thereof according to applicable European Law, and in particular EU Regulation no. 952/2013, which more precisely sets forth that: (i) goods wholly obtained in a si

What are the Credit Information System and the Central Credit Register? What is the difference between the two? In Italy the Credit Information System (SIC) is a private database managed by the company "C.R.I.F." (Central Financial Intermediation Risks). In addition to the SIC, there are also other private databases managed by companies such as Cerved Group, Experian, CTC, Assilea. The Central Credit Register is instead a public database managed by the Bank of Italy. Both dat

With sentence no. 1556/2020, the Italian Supreme Court (Corte di Cassazione) reiterated that the systematic conduct of tax evasion can lead to the configuration of the crime of fraudulent bankruptcy, in particular in the event that the bankruptcy is caused by malicious transactions pursuant to art. 223, paragraph 2, n. 2, Italian Bankruptcy Law. Conducts punishable by criminal law as bankruptcy under the bankruptcy law can be many. A first case is provided for by art. 216 of

By judgment handed down with the court chancery on March 29, 2021, the labor court of Rome, as first instance judge, ruled, once again, on the issue concerning the transfer of business as a going concern (“cessione di azienda” in the Italian parlance). The dispute involved a group of employees, working at the credit recovery department of the transferor, who, as a consequence of the transfer of a portion of business as a going concern (“cessione di ramo di azienda” in the Ita

Throughout Italy, activities to update corporate organizational models and to introduce safeguards aimed at avoiding the commission of tax crimes are in full swing. This depends on the fact that, for just over a year (see: Law Decree 124 of 2019 converted in Law 157 of 2019; Legislative Decree 75 of 2020), the law maker extended to the tax field, the administrative liability of entities, already established by Legislative Decree 8 June 2001, n. 231. Thus, today, the commissio

On April 22, 2021 Silk Council, Dong & Partners together with the International Intangible Assets Institute, Knowledge Transfer Office of the City University of Hong Kong co-organized the webinar on “Review of European Collaborations”. The webinar was held in Chinese and was addressed to Chinese entrepreneurs and companies interested in investing in Europe. The webinar focused on international business cooperation between Italy, France, Germany, Finland, China and USA. Avv. L

Foreign investors may set up a limited liability company in China, either solely or jointly with other local investors. They may also acquire shares of domestic enterprises in China. Here below there is a quick guide on what you need to know before investing. Investment sectors and business scope Some investment sectors included in the Negative list are subject to restrictions for foreign investors. The latest version of Negative list was released in December 2020. Prohibited

#webinar #asia #china #business #export #madeinitaly #italy #singapore #singapour On January 29, 2021, the webinar "SELLING IN ASIA" was held, organized and managed by Magaras Business Group. The Webinar was aimed at: - Companies looking for solutions to entering into Asian markets; - Institutions that would like to have a direct connection to Singapore; - Export Managers looking for local partners; Guest speakers of the event: - Dott. Gino Sabatini, President of the Marche R

#pi #italia #cina #trademark #marchio #tips #business The interview with Avv. Lifang Dong, Managing Partner of Dong & Partners international law firm and President of the Silk Council Association, on the protection of intellectual property in China, has been published by "Italian Lifestyle. China, together". The article offers some practical tips to face the Chinese market and protect your brand in online and offline channels. What mistakes to avoid? How to fight the sale of