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News & Analysis

Cyprus: Expatriate relief of 20% for lower employment income earners to be extended

18 September 2020 by

Expatriate relief of 20% for lower employment income earners to be extended

News & Analysis

A Sub-Saharan Africa focus: Fraud and financial crime amidst the pandemic

17 September 2020 by Krevania Pillay and Tim Fletcher, in collaboration with Kroll Inc

Sub-Saharan Africa (SSA) boasts some of the world’s fastest growing economies. While emerging markets hold huge untapped potential, these economies also come with inherent vulnerabilities. In the wake of COVID-19, emerging markets are, for example, more likely to be affected by factors such as capital outflows, rapid currency devaluations, sovereign debt burdens, revenue loss linked to lower commodity prices, and limited capacity for fiscal support. In short, the global pandemic will hit these economies the hardest.
News & Analysis

Corporate activity in Africa – has COVID-19 opened opportunities for investors?

17 September 2020 by Charles Douglas, Co-head of M&A, Bowmans

The COVID-19 pandemic has precipitated sharp drops in M&A deal value and volume in Africa. However, there are already indicators of increasing M&A interest, which is likely to accelerate. Here are some perspectives on the impact of the pandemic on M&A activity across the continent.
News & Analysis

Modernisation of Luxembourg arbitration law

17 September 2020 by Arendt & Medernach

On 4 September 2020, the Luxembourg Council of Government enacted bill no. 7671/00 to redefine the procedural framework applicable to arbitration.
News & Analysis

NESR becomes significant player in Egyptian oil & gas industry with acquisition of SAPESCO

17 September 2020 by Matouk Bassiouny & Hennaway

NESR becomes significant player in Egyptian oil & gas industry with acquisition of SAPESCO
News & Analysis

New AML-CTF CSSF Regulation and Grand-Ducal Regulation

17 September 2020 by Arendt & Medernach

Regulations amending CSSF Regulation N°12-02 and Grand Ducal Regulation of 1 February on the fight against money laundering and terrorist financing, which impact all professionals subject to professional obligations and regulated, registered or supervised by the CSSF, have been published on 20 and 21 August 2020.
News & Analysis

New regulation published by the Commissariat aux Assurances on the fight against money laundering and terrorist financing

17 September 2020 by Arendt & Medernach

The Commissariat aux Assurances (the “CAA”) has just published a new regulation relating to the fight against money laundering and terrorist financing (“AML/CTF”): Regulation No. 20/03 of 30 July 2020 (the “New Regulation”).
News & Analysis
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IFLR1000 United States Awards - winners announced

15 September 2020 by Ben Naylor

Winners of the deals, firms, lawyers and teams of year awards revealed
News & Analysis

GSK Stockmann and DCU Brexit Institute announce partnership

10 September 2020 by GSK

GSK Stockmann in Luxembourg and DCU Brexit Institute announce a partnership which will see GSK Stockmann become a new sponsor of the Institute. GSK Stockmann will support the core activities of the Brexit Institute, including its research and policy work on the relations between the EU and the UK post withdrawal and the future of Europe more generally.
News & Analysis

Taxation of capital gains obtained by non-resident individuals from the sale of real estate assets located in Portugal

10 September 2020 by Morais Leitão Galvão Teles Soares da Silva & Associados

The Portuguese Personal Income Tax (PIT) framework applicable to capital gains obtained by nonresident individuals with the transfer of real estate located in Portugal is surrounded in Court disputes for more than a decade.
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