12 September 2022
September/2022 – Wiener Soto Caparros On February 21, 2020, the Superintendency of Corporations for the City of Buenos Aires (the “Superintendency”) reinstated onerous disclosure requirements on foreign legal entities owning Argentine companies. These same rules apply also to legal entities registered in Argentina as a foreign branch. These disclosure requirements had been in effect for…
12 September 2022
The customs division of the Argentine Federal Tax Authority has decided to ignore its country’s treaty obligations. In a recent effort to increase revenue, customs has been levying assessments of import duties on importers of software. These duties are being assessed on all software imported on tangible media (e.g., pen drives, CDs, DVDs). For now,…
2 September 2022
September 2022 – Brazil – Rossetti Advogados Resolution CNIG MJSP No. 46/2021, issued by the National Immigration Council, was published in the Federal Official Gazette on August 8, 2022 (D.O.U. of 08/08/2022, Ed. No. 149, Section 1, p. 37). This resolution amends Normative Resolution36/2018 on the grant of real estate investment visa to individuals who purchase real…
1 August 2022
August 2022 – Brazil – Rossetti Advogados The Central Bank of Brazil approved, on July 19, public consultation notice No. 91/2022, about a proposed normative act to regulate foreign capital in Brazil regarding foreign credit transactions and direct foreign investment. According to the Central Bank, the proposal seeks, first, to regulate certain aspects of the…
31 July 2022
Take action now to be compliant! Introduction As of January 1, 2023, it is prohibited to put into use and occupy office space that does not have energy label C. This seems far away, but property owners only have one year left to make provisions. Below you will read about the labeling requirement, who it…
23 July 2022
As of 1 August 2022, the Act Implementing the EU Directive on Transparent and Predictable Employment Conditions (in Dutch: Wet Implementatie EU-richtlijn Transparante en Voorspelbare Arbeidsvoorwaarden) will enter into force in The Netherlands. The name says it all: the directive aims to make the content of work more transparent and predictable in advance. According to…
27 June 2022
July 2022 – Brazil – Rossetti Advogados As a rule, in limited-liability companies the members are not liable for the obligations assumed by the company. In fact, companies have what is called “legal personality,” which results in acknowledgment of their separation and independence from their members. However, in certain situations the law permits the piercing…
5 May 2022
May 2022 – Austria – TAIYO Legal In order to circumvent the capital raising requirements of the Austrian Limited liability company (GmbH), it was common practice for Austrian businesses to establish a Limited Liability Company in the UK. Once the LLC was established for a few Euros, a branch office was set up in Austria. The main business then…
2 May 2022
May 2022 – Brazil – Rossetti Advogados The National Corporate Registration Department of the Ministry of Economy (“DREI”) enacted, by means of Normative Instruction No. 112 of January 20, 2022 (“IN No. 112”), measures that change the rules for the public registration of companies, seeking to benefit businesspersons and entrepreneurs. One of the measures is…
7 April 2022
April 2022 – Brazil – Rossetti Advogados In Brazil, pursuant to article 132 of Law 6.404/76 (“Corporation Law“) and to article 1.078 of the Brazilian Civil Code, corporations and limited-liability companies must, at least once a year, during the four months following the end of their fiscal year, call and hold the Annual Shareholders’ Meeting (“AGO”) or…
