The authors of the following article are from the Global Law Intelligence Unit – a faculty of expert Allen & Overy lawyers dedicated to cross-border law and to helping solve the puzzles of multi-jurisdictional law.
The purpose of this brief note is to help market participants make contingency plans where the political crisis involving Ukraine results in sanctions and embargoes, exchange controls, expropriations and the break up of Ukraine. It focuses in particular on the legal impact these events might have on financial contracts, such as bond issues, bank loan agreements, deposits and investments. It does not deal with wider political and economic consequences, such as the impact on a country’s economy and its banking system.
The court-supervised reorganization of corporations introduced by the Brazilian Reorganization and Bankruptcy Law (LRF) arose in order to lower credit risk and achieve greater reductions in interests accrued on financial loans. However, little has been said about the fact that the LRF has introduced several capital market protection mechanisms, which is discussed in this article.
Companies that make imports in Brazil face many taxes to complete the process of importation. This generates huge costs to the imported products sold in the Brazilian market. Learn more about what taxes apply to imports.
This article explains Law no. 8,212/91, which sets forth labor accidents insurance tax rates.
Many Swiss operations of international groups benefit from special tax regimes. Switzerland will introduce significant changes to these special tax regimes in order to be compliant with international standards and to maintain its attractiveness as a location for international business. This article is addressed to tax directors of international groups with operations in Switzerland.
Mexico has many trusts that were created for foreigners to acquire and own real estate in the restricted zone (a strip of 50 kilometers – approximately 31 miles – along the coast, or 100 kilometers – approximately 62 miles – from the border). This article explains the process through which a foreigner names the person or persons who will replace him or her as trust beneficiary in the event of death.
This note contains a brief commentary on some of the main legal terms in international debt issues of or guaranteed by Ukraine. The objective is to analyse the degree to which these bonds are consistent with practice in the international capital markets and to weigh up the balance between the sovereign debtor and the bondholder creditors in terms of the rights and protections granted by the terms of the bonds. The main conclusion is that the bond issue legal terms seek to enhance stability for both Ukraine and the bondholders if there is a crisis.
This council has brought together experienced audit committee chairs from Fortune 500 companies with key shareholder representatives, regulators, and other stakeholders to discuss ways to strengthen corporate governance in general—and the work of the audit committee in particular.