WLN tag: #law
Jorge Mañá Award Winner, Shivani Sinha, shares her experience working at Paoletti Legal Consultants
“Enriching and valuable.” This is how Shivani Sinha, winner of the Jorge Mañá Award 2024, described her experience working with WLN member firm Paoletti Legal Consultants in Dubai last year. Read on to find out why the Award is so special to our network and supports young lawyers across the world: “I want to take a […]
UAE: Dubai's new tax law on foreign banks
Introduction The Emirate of Dubai in 2024 issued Law No. (1) of 2024 Concerning Tax on Foreign Banks Operating in the Emirate of Dubai. The law’s passing is an essential step to clarify the applicability of separate tax laws for foreign banks operating in Dubai. A similar law passed in 1996 imposed a Dubai Banking […]
USA: Matthew Blewitt joins Morningstar Law Group!
We are happy to share the following announcement from our fantastic firm in North Carolina: We’re thrilled to welcome Matthew Blewitt to the Morningstar Law Group team! As a seasoned commercial litigation attorney in Raleigh, Matthew brings a wealth of experience and a client-centered approach to every case. His dedication to achieving favorable outcomes for […]
Why is the UAE an attractive investment hub?
The United Arab Emirates’ (UAE) economic growth has been remarkable in recent decades. The country has transformed itself into a global business hub. Recognizing the significance of entrepreneurship and foreign investment, the UAE government has continuously adapted its rules and regulations to foster a business-friendly environment and make the country attractive to foreign investment. Foreign […]
Austria: Zumtobel + Kronberger once again among the TOP 3 commercial law firms in Salzburg!
Our member firm in Salzburg, Zumtobel + Kronberger, have been wonderfully recognised for their legal practice. We are delighted to share their announcement today: Once again among the TOP 3 commercial law firms in Salzburg! We are pleased about the JUVE Verlag für juristische Information GmbH Top Ranking and that we were also ranked as one […]
Poland: Taxation of benefits for beneficiaries of a family foundation
Family foundations are gaining popularity as a solution that enables not only the protection of assets and their optimal tax multiplication, but also, and perhaps above all, the protection of the financial interests of the beneficiaries. The scope of benefits granted, the conditions and the manner of their payment are specified in the foundation’s statute. […]
Spain: Recent Developments in Spanish Procedural Law
The Official State Gazette of January 3 published Organic Law 1/2025, of January 2, on measures regarding the efficiency of the Public Justice Service. It is an ambitious law that seeks to respond to the collapsed courts and, above all, to modernize a 19th century organizational model that has become obsolete. The law is ambitious, […]
UAE: "Know your Client" Law
The introduction of Federal Decree-Law No. (30) of 2024 (the “Law”), establishing a “Know Your Client” (KYC) Digital Platform, enabling identity verification is an important step forward for the United Arab Emirates (UAE) whereby UAE has committed to tackle financial crimes in the country. Objectives The decree law aims at achieving the following objectives: KYC […]
Austria: Property purchase contract: Real estate transfer tax on inventory sold at the same time?
When drafting purchase contracts, a contract draftsman must always deal with the desire of the contracting parties to draft contracts that are as tax-optimized as possible. In this context, it should be mentioned that in Austria, inventory is generally not covered by real estate transfer tax. Inventory refers to movable objects that are located in […]
UAE: National Register for Carbon Credits and its impact on business in the UAE
The UAE’s cabinet recently adopted Cabinet Resolution No. (67) of 2024, which aims to reduce GHG emissions to achieve climate neutrality in 2050 and regulate the registration of carbon credits in the nation. Scope of application: The Cabinet resolution applies to the following: Measuring, reporting, and verification requirements: The resolution provides comprehension methods and forms […]