Europe

Cyprus Double Tax Treaty developments

The double tax treaties (the “DTTs”) which Cyprus has concluded with Ethiopia, Iran and Jersey have recently entered into force and, as per the provisions of the relevant DTTs, will become effective as from 1 January 2018.

In brief:

1. The DTT between Cyprus and Ethiopia provides for 5% withholding tax on dividends, interest and royalties.

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Separating the titles of land and buildings – what is the point?

Under a less-known rule of the new Civil Code it’s now possible for a property owner to separate the titles to a plot of land and the buildings built on it, and to manage or commercially exploit these as separate properties. Businesses are taking a cautious approach to making use of this opportunity in practice: although splitting titles can make property development or borrowing more flexible, for the time being legal uncertainties are preventing it from becoming more widespread.

The old Civil Code set out, as a fundamental principle, that the owner of the land has the right to own the building built on the land, and there were only limited cases in which it permitted a person other than the land’s owner to obtain stand-alone title to the building, thus enabling the land and the buildings on it to be separately sold or encumbered.

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WINNERS: BEST TALENT DEVELOPMENT & WORKPLACE WELLNESS

We were delighted that HOMS Solicitors and staff were recognised and honoured by winning the Limerick Chamber Regional Business Awards 2017 Best Employer: Talent Development & Workplace Wellness Award category at the awards ceremony on 17th November at the Strand Hotel, Limerick.

We would like to congratulate and thank all of our staff who have worked so hard on our wellness and talent development initiatives which has resulted in this win.

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Court of Appeal Reduces Grossly Excessive Damages by 50%

In the case of Paul Gore (A Minor) v John Walsh and Darren Walsh the Court of Appeal significantly reduced damages and sent the case back to the High Court for the issue of liability to be retried.

The Court of Appeal considered that the sums of €25,000 awarded for pain and suffering to date and €25,000 for pain and suffering into the future were grossly excessive to the point where it constituted an error of law and must be set aside. Judge Irvine considered a scar on the plaintiff’s back to be at the very lowest end of the cosmetic injury spectrum and that the award was not proportionate when viewed in the context of awards commonly made in respect of other categories of personal injuries of a more significant nature. Of particular importance, was the fact that the award was not objectively reasonable in light of the common good and social conditions in the State.

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Lidings Runs Fall International Internship Program for its Lawyers: Sweden 2017

idings starts its annual International Internship Program traditionally organized for the firm’s lawyers during the year and is delighted to announce that Senior Associate in the firm’s Intellectual Property practice Boris Malakhov has enrolled the Fall Program taking place in Sweden. Boris will undergo a four weeks internship in one of the largest international law firms Magnusson.
Having established strong and successful collaboration with prominent law firms from Europe, Asia, America, Africa, and CIS countries allowing us to ensure highest quality of legal support in projects being a subject to other jurisdictions, Lidings on the regular basis organizes special internship programs for its lawyers in the offices of partner firms abroad providing the same opportunity for their lawyers to undergo internship in the firm’s office in Moscow. Each program usually lasts for four weeks and designed for a trainee to work in the office of a hosting firm fully diving into the workflow, allowing to get an insight and understand specifics of the legal advice in the country.
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Support Mid West Simon Community

Good luck to Niamh Gleeson, Legal Secretary, and Donal Creaton, Partner, who are taking part in the Thomond Park Corporate Sleep Out “Rise Together” event on 18th November to raise much needed funds for the Mid West Simon Community.

Donal gave an inspiring talk at this morning’s fundraising prize draw coffee break about homelessness and rising together to help and support those in positions less fortunate than our own.

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Keep Walking, Keep Well

Donal Creaton, HR Partner,  in the spirit of sharing and inspiring wellness and personal development, takes us through his recent journey in completing part of the Camino to Santiago de Compostela (The Way of St. James).

After a long period of time I finally got the opportunity to complete part of the Camino to Santiago de Compostela (also known as The Way of St. James).

A lull in the courts meant that after a bank holiday weekend, I could see an opportunity to go and do this walk. I needed about five days to do a walk of approximately 120 kilometres.

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Konkurs som inkassomiddel

Den sædvanlige inkassoproces består af en eller flere inkassorykkere, evt. efter en eller flere udenret-lige rykkere, og med efterfølgende fremsættelse af betalingspåkrav, såfremt betaling ikke sker frivil-ligt. Efter erhvervelse af dom for kreditors fordring, overgives sagen til fogedretten med henblik på tvangsinddrivelse af det skyldige beløb. Denne proces kan have en varighed fra ganske få dage/uger op til adskillige måneder. I denne artikel vurderes det, om man som kreditor kan ”skyde genvej” ved at bruge konkursinstituttet som inkassomiddel. Det konkluderes, at den mulighed i hvert fald i nogle til-fælde er tilstede.

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Nye og bedre muligheder for tildeling af medarbejderaktier

Den 12. november 2017 indgik regeringen (Venstre, Liberal Alliance og Det Konservative Folkeparti), Dansk Folkeparti og Radikale Venstre aftale om Erhvervs- og iværksætterinitiativer. Aftalen har blandt andet til formål, at forbedre vilkårene for tildeling af medarbejderaktier.

På baggrund af den kortfattede aftale indgået mellem parterne kan følgende foreløbig udledes: 

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Abogados acusan a empresas de no tomar medidas suficientes para evitar la colusión

Una práctica que sigue generando preocupación entre los expertos de libre competencia es la colusión. Y es que a pesar de las modificaciones al Decreto Ley 211 que moderniza la legislación en ese ámbito, los especialistas en la materia señalan que las empresas chilenas aún están al debe en cuanto a contar con políticas y procedimientos adecuados para evitar este tipo de prácticas.

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