What is an SPV?
A Special Purpose Vehicle (SPV) is a type of company set up for a specific purpose. It allows shareholders of the controlling company to own assets (or liabilities) at arm’s length, whilst limiting the controlling entity’s exposure. They can be deployed for a variety of purposes, including efficient corporate and financial restructuring, raising...
On April 6th, 2023 the Ministry of Finance issued Ministerial Decision No. 73 of 2023 on Small Business Relief (the “Small Business Relief Law”). Reference is made to our Client Alert No. TAX-03-22 On the Taxation of Corporations and Businesses in the UAE, whereby we outlined the advent of Federal Decree-Law No. (47) of 2022 (the “Corporate Tax Law”) and its enforceability as of June 1st,...
Introduction
Finance Ministers of the G20 countries have finalized a framework for the implementation of the most ambitious global tax reform since the beginning of the 20th Century. At least 8,000 companies across the globe are expected to be...
Dubai DED issues list of activities for which 100% foreign direct investment is allowed and the requirement for a local agent of branches is removed -- More details can be found in the Client Alert.
This year, we are thrilled to announce that our Firm has once again been featured in the Legal 500 EMEA edition.
Eptalex has been ranked as a TOP TIER FIRM in two Jurisdictions:
Lebanon; for our Commercial, Corporate and M&A practice.
Italy; for our Compliance practice.
In addition to Firm rankings, the guide also recognized outstanding individual practitioners....
New Notification and Reporting Obligations in the United Arab Emirates
Reference is made to our Client Alert of June 2020 on the same subject.
The UAE Ministry of Finance recently issued two new templates regarding the new notification and reporting obligations related to the Economic Substance Regulations (hereinafter the “ESR”) that we attach...
On July 20th, 2020 Eptalex organized a panel discussion on the Caesar Act, in coordination with Berliner Cororan & Rowe LLP, which was attended by more than 80 individuals from diverse fields, diplomats, politicians, bankers, retailers, construction companies and professional service firms.
The webinar panelists were Babak Hoghoughi, partner at Berliner Corcoran & Rowe LLP and U....
Questions have been rising over the U.S. Caesar Act and its effects on the Lebanese economy and businesses. For that purpose, we are organizing, in coordination with Berliner Corcoran & Rowe LLP, a Zoom webinar with sanction expert lawyers to address the Act’s sanctions and consequences. To join the legal and economic discussion, kindly register by clicking here or through this link
Eptalex's offices in the UAE, MEG Legal Services and Mohammad Ahmad Alzaabi Advocates and Legal Consultants have set up a devoted team of lawyers as part of our contingency plan to monitor the continuous challenges facing the world due to the COVID-19 outbreak and seek the interests of our clients by protecting their businesses worldwide.
For that, we have taken all the relevant...
We would like to officially welcome you to our new website, your destination for everything law and tax related. Our goal behind it is to create a user-friendly interface by portraying our spot-on image to the world. For that, we conceived to provide an insight into our Firm’s new corporate identity, entrenched diversity and values, and to highlight our...
From the 2nd until the 4th of October, the Eptalex members: Allessandra Nitti, Cristina Knupfer and Marie Achkar have attended the GBL Alliance Autumn conference in Istanbul. The conference has constituted a great opportunity for all the attendees to network, exchange knowledge and discuss the business developments of the Alliance.
Right after a very warm welcome from Umut Metin,...