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The Privy Council has handed down judgment in Investec Trust (Guernsey) v Glenalla Properties (2018 UKPC 7), in which the former trustees of the Tchenguiz Discretionary Trust had made loans of over GBP200 million to various BVI companies.

INTERNATIONAL - AUSTRALIA: Consequences of using foreign trusts for capital gains

The Japanese government's 2018 tax reform bill abolishes the recently introduced rule under which the heirs of a long-term resident foreigner who died outside Japan remain liable to Japanese inheritance tax (IHT) on estate assets anywhere in the world. The rule had threatened to derail the government's efforts to attract foreign talent to live and work in Japan, because it meant IHT liability could follow a foreign national for up to five years after leaving the country.

INTERNATIONAL - UK: Alarm over extension of property taxes to non-residents

INTERNATIONAL - European Union: Taxation at source must take into account non-resident taxpayer's domestic costs

Home loans are generally guaranteed by a mortgage and so are the preserve, in our legal system, of the notary. The presence of the notarial profession has become more significant with the recent increase in the number of such contracts, a result of the lower cost of money (though this is still subject to fluctuations) and improvements in living standards that allow an ever greater number of citizens to aspire to the ownership of their home and often of a second home as well. Year after ye

The Consiglio Nazionale del Notariato (C.N.N.) is the professional order of notaries. It is made up of 20 notaries directly elected by all practising notaries in three-yearly elections. There is a limit of two consecutive mandates. The three members of the Audit Committee are elected according to the same procedure.The 20 elected councillors, after they are installed in office, nominate a President, a Vice President, a Secretary and an Executive Committee. The tasks of the Consiglio Na

The rules applying to limited partnerships are in many ways similar to those that govern informal  partnerships (please refer to the related paragraph).However in limited partnerships, only the unlimited partners can be directors and legal representatives of the company.

In early 2003 the Italian legislator issued a law decree (n° 6 of 17 January 2003) which thoroughly reformed companies limited by shares.  The declared aim was to simplify, where appropriate, and enrich, wherever possible, the rules governing such companies, with a view to increasing their competitiveness on both domestic and international markets.Many changes were made and the following results have been achieved:  a better, though still not complete, co-ordination between the rules governi

The rules applying to limited partnerships are similar from many points of view to those laid down for informal partnerships. However it is underlined that death of a limited partner does not imply conclusion of the business relationship, since upon the death of the partner his/her share is transmitted, unless otherwise agreed in the Memorandum of Association.

The rules applying to limited partnerships are similar in many respects to those that apply to informal partnerships (please refer to the related paragraph).In addition, as regards subjective changes arising from the transfer of a partner’s capital share, a distinction needs to be made between the unlimited partner’s share and that of the limited partner.If one of the unlimited partners decides to transfer his/her capital share he may undoubtedly do so through a conveyance deed; however, unl