While the threat of COVID-19 spread is not on the decline, the Russian Government continues to update the measures taken or introduce new ones, trying to act ahead of the possible adverse consequences of COVID-19.
Further review of the most significant business support measures under the conditions of COVID-19, as well as actions taken to curb the spread of COVID-19, follows below.
Introduction
Thailand and the US first signed a free trade treaty 184 years ago and continue to have a unique relationship. Both countries benefit from increased trade and eased foreign direct investment regulations. Thailand gives the US access to the ASEAN market and proximity to both China and India, and the US is a prime destination of Thai exports. However, changing economic and political climates as well as domestic law in both countries pose challenges to Americans wishing to do business in Thailand and Thais wishing to do business in the US. A summary from both perspectives is provided in four key areas: corporate, intellectual property rights, litigation, and immigration/employment.
Do you know how to apply for the state aid prescribed in the Law on Aid for the Activities of Start-up Companies? Law Office TGS Baltic, the author of the Business Manager’s Handbook, included the information on the start-up companies and the available state aid in the current supplements to the edition. The subscription edition contains comments on the requirements specified in the Law on Aid for the Activities of Start-up Companies, which should be observed by start-up companies and their investors to qualify for the state aid programmes.
In a recent Focus: Latin America article, “Mexico Grows Amid Headwinds,” international litigator Harold “Ed” Patricoff cautions clients to “be very careful who you’re doing business with” when dealing in Mexico.
Ed describes instances where assets have been blocked and subject to seizure and forfeiture actions due to doing business with individuals who were being investigated. He also cautioned Mexican and U.S. financial institutions, as they are facing more money-laundering and narcotics trafficking investigations.
In light of the drug war and high regulatory environment in the country, said Ed, conducting the necessary due diligence is important.
Shutts & Bowen partner Aliette DelPozo Rodz, who leads the firm’s Cuba Task Force, along with international transaction partner Olga Pina, have led various discussions on the current climate for business in Cuba and the openings for U.S. businesses created by current regulatory changes.
Most recently, Aliette and Olga participated on a panel at last week’s 2015 Capital Connection Conferencehosted by the Association for Corporate Growth Florida.
Lidings partners Andrey Zelenin and Sergey Patrakeev took part in preparation of an analytical review of how easy or difficult it is for a local entrepreneur to open and run business in Russia for the Doing Business rating, held annually by the World Bank Group and the International Finance Corporation providing objective measures of business regulations in 189 economies.
Gifts of Private Companies and Real Estate
Entrepreneurs create much wealth in Canada with their businesses and real estate holdings. These dedicated owners are often also very committed to charitable giving. They seek to pass on their community, not diminished, but better than it was passed on to them.
However, it is challenging to make gifts from their wealth. Company shares and real estate holdings are often illiquid.
In the midst of planning for estate tax reduction, control of property, and related income tax issues, planning for “peace of mind” and family harmony often receives less attention. Addressing these issues in concert with the tax and control issues increases the likelihood of success of the estate plan.