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Currency repatriation requirements were extended on 14 April to cover loans issued by Russian residents to foreign borrowers, reducing the opportunities for businesses to shift funds abroad through non-repayable loans.

It often happens that, after a prospective property has been inspected and chosen, substantial agreement is reached with the other party even if this is not yet formalized in written form. It is advisable to contact a notary at this early stage before signing the preliminary contract (the so-called “compromesso”). In the preliminary contract, both signatories undertake to stipulate the definitive sale contract by a certain date and on given conditions. The preliminary agreement (even i

Les parties doivent choisir le notaire de commun accord ou, en l’absence d’accord, c’est la partie tenue au paiement des honoraires et au remboursement des frais anticipés par le notaire qui doit faire ce choix. Dans les actes notariés auxquels participent des organismes publics ou des banques, si le coût de l’acte notarié n’est pas à leur charge, la règle veut que le choix du notaire soit confié à l’autre partie, sauf motif justifié. Le choix du notaire ne doit pas être imposé par d’a

After long years of waiting, the decree-law that introduces greater protection for the purchasers of houses that are in the process of being built has finally been published in the Official Gazette (6 July 2005, n° 155).  The measures introduced under this new law will have a major impact: indeed, according to estimates made by trade associations, since 1995 more than 200,000 Italian families have been involved in thousands of bankruptcies of construction firms. Decree Law n° 122 of 20 Ju