Europe

E-LEGAL® NEWSLETTER – AUGUST 2020

I. EDITORIAL  –AMENDMENTS TO THE VAT CODE, THE VAT SYSTEM IN INTRA-COMMUNITY TRANSACTIONS AND TO THE PERSONAL INCOME TAX CODE

In the month of August there were several and relevant legislative approvals, of which we point out Law no. 47/2020, of August 24 which amended the VAT Code, the VAT System in Intra-Community Transactions and the complementary legislation related to this tax, in the context of the e-commerce processing, as well as Law no. 48/2020, of August 2 which proceeded with the amendment to the Personal Income Tax Code (“IRS”). Read more…

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The role of SIMEST S.p.A. as export and internationalization hub in Italy

The role of SIMEST S.p.A. as export and internationalization hub in Italy
Author: Stefano Rossi SIMEST is the company in the Cassa Depositi e Prestiti Group1 (CDP…
Stefano Rossi

Together with SACE, SIMEST represents the Export and Internationalization Hub of the CDP Group, which brings together all the instruments to support Italian companies that wish to compete and grow internationally.

SIMEST, in particular, supports companies through their whole expansion cycle abroad, from the initial assessment of opening up to a new market, to expansion through direct investments. It operates through loans aimed at internationalization, export credit support and capital investments.

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Special rules for holding General Meetings in 2020

Federal law No. 115-FZ of 07.04.2020 (as amended by Federal law No. 297-FZ of 31.07.2020) (“Law”) sets out the specifics for holding General Meetings of LLC and JSC shareholders in 2020:

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Changes in the Federal law “On the procedure for foreign investment in economic companies of strategic importance for national defense and state security”

Starting from August 11, 2020, amendments to the Federal law “On the procedure for foreign investment in economic companies of strategic importance for national defense and state security” (“Law”) have come into force1, strengthening state control over transactions of foreign investors or a group of persons in respect of shares of companies of strategic importance for national defense and state security (“Company”).

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Lidings is Ranked in International Rating of Leading Law Firms – IFLR1000 2021

International Financial Law Review 1000 (IFLR1000) once again notes Lidings for its expertise in Restructuring and Insolvency practice area.

Lidings is also ranked among the leading legal advisors in Russia in M&A, Banking and Project Finance.

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Overview of changes to the Federal law “On electronic signature”

Federal law No. 476-FZ of December 27, 2019, introduced several amendments to the Federal law “On electronic signature” (“Law”). Changes to the Law come into force gradually:

1. Main changes starting from July 01, 2020

1.1. Clarification of the requirements for accreditation of the certification center and the updated list of accredited certification centers

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Law Firm ILN-telligence Podcast | Episode 12: Marie Macdonald | Miller Samuel Hill Brown

Marie Macdonald is Chairman of Miller Samuel Hill Brown, in Glasgow, Scotland, a member of the International Lawyers Network. In this episode, we talk about the importance of communication throughout a crisis (be it pandemic or otherwise), how lessons learned in 2008/2009 prepared her to face the challenges of 2020, and the long-lasting impacts of this year. Tune in below!

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Regulatory “sandboxes” in the sphere of digital innovations will begin to operate in Russia

Published on July 31, 2020 the Federal Law “On Experimental Legal Regimes in the Field of Digital Innovation”1 will enter into force in January 2021.

The federal law defines the purposes and principles of experimental legal regimes in the sphere of digital innovations, the circle of participants of experimental legal regimes in the sphere of digital innovations, and also regulates the relations connected with their establishment and realization, including change, suspension, termination, monitoring, estimation of their efficiency and effectiveness.

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Who’s who legal. Restructuring & insolvency 2020, ITALY.

Who's who legal. Restructuring & insolvency 2020, ITALY.
Author: Giorgio Cherubini Who’s Who Legal is a leading legal guide and has recently published…
Giorgio Cherubini
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Clarifications of the Constitutional Court on the participation of representatives without law degree in commercial procedure

The Constitutional Court and Supreme court continue to clarify the novels in procedural codes on professional judicial representatives. Recall that earlier, in June, the Supreme Court in the Review of Judicial Practice No. 1 dated 06/10/20201 indicated that the law degree requirements do not relate to representatives in bankruptcy cases. Recently, the Constitutional Court in its decision2 ruled that the interests of legal entities can be represented by employees, founders (shareholders) and other persons without a law degree.

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