On 9 May 2016 Federica Fantuzzi, of the Firm’s Trieste office, has been appointed member of the board of directors of Banca Mediocredito FVG S.p.a. Her appointment also implements the female quotas system provided by Law 120 of 12 July 2011.
The UAE system is characterized by the existence of a favourable tax regime aimed at drawing foreign investments to the country. The local tax year goes from 1 January to 31 December. In general up to now no value added tax, nor withholding tax have been provided. Taxation on business activities will soon be introduced…
The Russian Agency for the support of SMEs (АО РАПМСБ) is organizing, together with ARIES of the Chamber of Commerce of Trieste and the Russia Desk of the Firm, a multi-sectoral business mission which will be held from 14 to 16 September 2016 in the city of Tula, 180 kilometers from Moscow. The purpose of…
The ample recourse to the system of guarantees (fideiussioni) to secure credits resulting from business activities goes hand in hand with the ever increasing phenomenon of the unlawful issuance of guarantees by non qualified parties. It often happens that in the negotiation of contracts with new partners, apparently suitable guarantees are acquired but, at a…
The so called marcian pact ‒already known in common practice‒ has been officially regulated in Italy through the last law decree issued by the Italian Government (Law Decree 3 May 2016 no. 59). Now, through a simple notice, banks will become the owners of immovable properties provided as guarantee by the debtor. Let us see…
The Tribunale di Udine ‒allowing the applications filed by the Firm on behalf of the Client‒ has granted the provisional enforcement of an order for payment which had been challenged and which concerned the payment of freight, regardless of the opposite party’s attempt to have it set off by a credit resulting from the failed…
The Corte di Cassazione (the Italian Supreme Court) has recently ruled (ruling of 4th May 2016, no. 8916) on the exercise of non-scheduled public services without the required authorization in the Municipality of Venice. In the case at hand, a company challenged an order issued by the Municipality of Venice for payment of a fine…