Acting the part Acting the part Link The Private Funding of Legal Services Act is expected to come into force in the Cayman Islands in the very near future, having been approved by parliament in December 2020. The act will mark a significant development in the legal services industry, bringing certainty and clarity to the availability of alternative means of funding disputes in the jurisdiction.
Transposition of DAC6 in Cyprus compared to other EU countries Regulatory & Tax Transposition of DAC6 in Cyprus compared to other EU countries Link There is no getting away from it: Cyprus is the black sheep of the EU flock at the moment as far as mandatory tax disclosures are concerned. It remains the last bastion of the Union which has yet to implement DAC6, for the time being, anyway. This article explores how Cyprus got to this point and what it means for stakeholders potentially affected by DAC6.
Luxembourg public and private limited liability companies Corporate Luxembourg public and private limited liability companies Link The incorporation of a Luxembourg public limited liability company (société anonyme) (SA) or a private limited liability company (société à responsabilité limitée) (SARL), which are the two most widely-used business entities in Luxembourg, generally requires a number of steps.
Continuation of a BVI company to Luxembourg Corporate Continuation of a BVI company to Luxembourg Link Generally, Luxembourg law recognises that a company incorporated under a foreign system of law can migrate or continue its corporate existence to Luxembourg by transferring its registered office and its head office, without interruption of legal personality (Inbound Migration). Inbound Migration can be achieved provided that the company’s country of origin clearly permits the transfer without interruption of legal personality and the company adopts a Luxembourg corporate form, adapting its memorandum and articles of association (or similar constitutional documents) to comply with Luxembourg law.
Voluntary dissolution/liquidation in Luxembourg Corporate Voluntary dissolution/liquidation in Luxembourg Link This guide gives an overview of the two options identified in the Luxembourg Company Law for the voluntary winding-up of an unregulated Luxembourg company, highlighting the key differences between the two procedures.