The third sector reform has involved various philanthropic bodies, foundations, cooperatives and associations that are part of the non-profit panorama, which also includes foundations of banking origin, regulated by the Civil Code. For this reason, foundations are considering the need to enroll in the so-called RUNTS, that is the Single National Third Sector Register, establishedRead more

The Canary Islands are said to be a tax haven. As a matter of fact, opening a company in Spain and the Canary Islands is worthwhile for various reasons. The Spanish islands enjoy a tax system for businesses and professionals – REF – the main advantages thereof are: an extremely advantageous tax rate of 15%Read more

Tax credits provided for the construction sector involve the deduction of up to 110 percent Italy of taxes. Credit trade or invoice discount can be requested by Italian citizens residing abroad as well as by foreigners, whether or not resident in Italy, who own a property in Italy for residential use, i.e. which is not used forRead more

The massive move of men and women crossing the border to the EU countries bordering Ukraine forces the EU cope with the refugees emergency, so much so as to induce the 27 countries of the Union to issue a Directive for the temporary protection of displaced persons, in order to manage the status of UkrainianRead more

Formalized international contracts and economic relationships between companies involved in international commercial exchanges are not set in stone. Even when businesses are already operating between a foreign company and an Italian company, any international pacts and agreements signed may vary according to unexpected events. Some of those events might have to do with the increaseRead more

The legal assistance needed in cases of violation of shareholders’ agreements and for attribution of jurisdiction in case of foreign companies with Italian partners has been relevant in the decision of 26 November 2020 n. 26984 of the Court of Cassation, which ruled on the question of jurisdiction raised in the context of a compensationRead more

Even in companies located abroad, shareholders’ agreements can be stipulated between shareholders, who can reside in Italy or in the third country where the company is located.   Shareholders’ agreements have long been considered as conventions whereby shareholders establish relationships that cannot be opposed to the company, different or complementary to those provided for by theRead more

The general rule to our understanding of corporate double taxation and capital income is: Dividends due to the foreign company are paid to the company and may be additionally taxed in Italy on the tax on capital paid abroad.  Dividends of natural persons would be paid to the current accounts of natural persons resident inRead more

Some cases of carrier’s liability are worth examining, since they have been the object of judgment by the Italian tribunal. Is it well known that the carrier’s liability is in principle: carrier’s liability for theft of merchandise; carrier’s liability for loss of merchandise; carrier’s joint liability towards the client; carrier’s liability for delay in delivery;Read more

Lawyers dealing with international carriage come across numerous cases where ADR mediation becomes relevant to resolve conflicts originating in international transport contracts or intermodal international carriage contracts. The main characteristic of international carriage of goods is the fact that the subjects involved have different functions and duties to fulfil. Besides the parties, the contract alsoRead more