In November 2014, 22 member countries of the Asia-Pacific Economic Cooperation (APEC) approved the creation of the Asian Infrastructure Investment Bank (AIIB), with an initial capital of $ 50 billion provided mainly by China and India. According to the Chinese and Indian representatives the new bank will grant credit based on criteria of “justice, fairness…
Article 313 of the Commercial Companies Law of 1984 (CCL) allows a foreign company to do business in the UAE by opening a branch or a representative office there. In general, unlike foreign subsidiaries, branches or representative offices are basically mere emanations of the parent company. Therefore, the entity thus formed will not have a…
2014 marked a turning point in the Chinese economy, where for the first time capital flows out of the country equaled foreign direct investment inflows. On this macroeconomic basis and in the light of further deregulation promoted by the Beijing authorities, 2015 promises to further increase the trend of growth which -thanks to the special…
How often have you been forced to abandon the recovery of a debt or the enforcement of a judgment against a debtor residing abroad? Court fees, extended time frames, legal counsel in your Country, legal counsel abroad and no certainty of achieving a result. From now on this should be only a bad memory. Europe…
In a judgment issued in February 2015, the Corte di Cassazione (the Italian Supreme Court) granted the arguments submitted by the Firm on behalf of a forwarding company, with regard to the criteria to be adopted for the quantification of damages in case of non-delivery of goods. Through this judgement which ended a dispute initiated…
The Consiglio di Stato (the Italian Council of State) has granted Zunarelli – Studio Legale Associato’s appeals which challenged some TAR (Regional Administrative Courts) rulings which had rejected the jurisdiction of Administrative Judges with concern to applications against the withdrawal of public funds. For many years, the correct allocation of jurisdiction between Ordinary Courts and…
The Legal 500 EMEA 2015 and the Chambers Europe 2015 guides -independent market analyses based on the feedback of Clients and Colleagues- have been recently published on the internet. According to The Legal 500 “Zunarelli-Studio Legale Associato is ‘one of the best firms in northern Italy’”, “traditionally known for transport-related claims […] it also handles…
Last 20 March the roundtable “Woman is work: discussing professions” took place in Trieste. The event was organized by Zunarelli – Studio Legale Associato, as ASLA (Associazione Studi Legali Associati)’s regional representation, ASLAWomen Section. Debora Serracchiani, President of the Friuli Venezia Giulia Region, gave the opening address. The Friuli Venezia Giulia Region’s website has given…
A business mission by some small and medium sized enterprises from the Russian Vologda Region took place in Trieste on 24, 25 and 26 March. The mission was organized by the Regional Center for the development of entrepreneurship in Vologda (Региональный Центр поддержки предпринимательства Вологодской Области) and by the Russia Desk of the Firm. Several…
An Italian company wishing to enter the UAE market without a local organization of its own must first consider two main forms of investment. Direct investments, i.e. those strategic forms aimed at establishing a permanent presence of the Italian company in foreign territory by opening Representative Offices, Branch Offices or establishing companies on site; or…