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The New Business Form - Simplified Corporations (SAS) in Argentina:  Articles, Bylaws and Shares

By Javier Canosa Javier Canosa

Law 27,349 known as the “Venture Capital Support Law” (the “Law”) promises to revolutionize the daily practice of corporate law and business affairs.

 

First filing of the Articles and Bylaws and subsequent filings.

In the City of Buenos Aires, the Business Entities’ Controlling Body...

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Exit Tax for Companies in Finnish Law and the ECJ Case C-292/16

By Tuomo  Kauttu Tuomo Kauttu

Many countries levy a so called “exit tax”, which is realised in situations where a country would lose its right to tax assets that are being transferred to another country. The purpose of exit taxes is to collect a tax on such assets before they would be out of reach of the national tax...

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Simplified Corporations (SAS): The new business form that promises to revolutionize corporate structures in Argentina

By Javier Canosa Javier Canosa

 

Law 27,349 known as the “Venture Capital Support Law” (the “Law”) promises to revolutionize the daily practice of corporate law and business affairs.

In business affairs, legislation is enacted after there is a usual business practice, that is, generally the legal regimes regulate a...

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The Seven Habits of Highly Successful Attorney Rainmakers

By Suzanne Natbony Suzanne Natbony

Guess what lawyers, you are not just in the practice of law; you are also in the business of legal services. And I don’t mean that “the business of law” is pejorative or runs afoul with our professional rules of responsibility, which include the duties of loyalty, communication, financial...

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Foreign Investors Should be Cautious When Using U.S. LLCs

By Jacob Stein Jacob Stein

When determining what type of an entity should be used by foreign investors starting a business in the United States, an often-suggested structure is a U.S. limited liability company (U.S. LLC). This simple structure may be great for some foreign investors and disastrous for others.

  • A...
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Regulation:  Facebook in the Crosshairs

By Gideon Koren Gideon Koren

Even someone who has not yet tried her hand at submitting legal claims knows that rules of local jurisdiction in Israeli law determine that in the absence of other agreement between the parties, the service of a civil claim must be managed in the location connected to the defendant or to...

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Poland:  Can the Seller Limit his Liability to the Consumer?

By Małgorzata Krzyżowska Małgorzata Krzyżowska

Polish law protects consumers in relations with the sellers. The rule is that in relation with consumers, the seller cannot limit or exclude liability for the warranty. This issue is regulated by art. 558 § 1 of the Civil Code, which states that if a buyer is a consumer, limitation or...

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Poland:  How to Determine the Witness’s Address?

By Małgorzata Krzyżowska Małgorzata Krzyżowska

If during the proceedings we asked for the hearing of the witness, we must provide the Court the address of his residence. It happens that the party that wants to call a witness does not know the address. At this point, we can request the Center for Personalizing Documents of the Ministry...

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Poland:  What is the Term of Repaying a Loan if the Parties Have Not Indicated It in the Contract?

By Małgorzata Krzyżowska Małgorzata Krzyżowska

Sometimes it happens that by borrowing some money we do not specify the exact term of the loan repayment. When the parties have not agreed on a repayment date in the agreement, provisions of art. 723 of the Civil Code shall apply, which provides that the debtor is obliged to return the...
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Poland:  When the Debtor May request to reduce the Contractual Penalty?

By Agnieszka Bąk-Bergander Agnieszka Bąk-Bergander

Contractual penalty is a contractual sum of money which is compensation for non-performance or improper performance of a non-monetary obligation. This compensation is regulated by art. 483 of the Civil Code. Even if the parties specify in the contract the amount of the contractual penalty,...

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