When a company is created it enjoys a separate legal identity of its own and, as such, when it stops operations a specific procedure must be followed in order to legally bring its existence to an end. The procedure is outlined in the Companies Law, Cap 113, and is a different procedure from that followed in the case of an individual going into bankruptcy. A company may either be wound up voluntarily, or by the court compulsorily.

Geostrategic and financial interests regarding gas exploration and exploitation. Regarding the natural Gas Production Prospects in the East Mediterranean, Cyprus, the third largest island in the Mediterranean Sea, is located at the crossroads of big international energy routes unifying Europe with the Middle East, Africa and the countries of the Gulf.

A Tax Information Exchange Agreement (TIEA) has been signed between Malta and the Bahamas enabling a full exchange of information between the two countries on tax matters.

In the context of an application to register and enforce a Russian judgment, pursuant to the terms of the bilateral treaty between Cyprus and Russia, our firm succeeded to obtain various ex parte injunctions, including the ex parte appointment of an interim receiver.

Under § 16 (1) of the German Law on inheritance and gift tax a tax free amount on the taxable acquisition of up to €500 000 (depending on the degree of kinship) is generally granted. However, this exemption is only €2 000 if both the decedent and the beneficiary are not resident in Germany. The new law now allows to avoid choose the application of the full tax free amount if the beneficiary taxes his worldwide acquisition.

International sale is when one of its elements it is connected with the legal order of another state or country. Uniform regulation of international sales is contained in the Vienna Convention (IC) of the United Nations on Contracts for the International Sale of Goods.

Why Nil Rate Band Trusts in Wills should be reviewed. Until 2008 lots of people made what was called nil rate band trusts in their Wills. They were designed to save inheritance tax. This is how they worked: Inheritance tax (IHT) can be charged on gifts of money or property during someone’s lifetime and when they die.

Background to Article 37 of the new Law 4024/2011 which has significantly amended the law on collective negotiations in Greece, introducing three main changes. This article was first published in the December International Law Office (part of Globe Business Publishing ltd) newsletter and is reproduced with their permission. Principle of Favorability - Collective Bargaining Agreements - Mid-term Frame of Fiscal Strategy

The Belgian government implemented a new calculation method of the benefit in kind from the private use of a company car, which applies as from January 1, 2012. The new calculation method causes that company cars become more expensive for both employees and employers.

Many of you probably receive unsolicited junk e-mails offering different Asset Protection schemes. With so many "tax haven" jurisdictions and unlicensed companies selling unproven and unreliable Asset Protection techniques and entities, which do you trust? There are many flawed asset protection packages offered on the internet now days.