Globalaw in the news. 

The June Month at a Glance features a recap of Globalaw Talks... IP and other member news in the network in the course of May!

Read the Month at a Glance here.

The May Month at a Glance features a special member spotlight on PCV, Globalaw Talks... AI, and the latest updates on our network!

Read our Month at a Glance.

PCV, Globalaw’s Cyprus firm, is the member spotlight firm for March!

Read more here.

The April Month at a Glance features a special member spotlight on EMD, our Globalaw Talks... ESG, an exciting announcement about our Chamber’s ranking, and more!

Read our Month at a Glance.

EMD, Globalaw’s Malta firm, is the member spotlight firm for March!

Read more here.

Florida’s new law, the Conveyances to Foreign Entities Act (the "Act"), Sections 692.201 – 205, Florida Statutes, went into effect on July 1, 2023, and redefined the Florida real estate market for foreign purchasers from seven “countries of concern.” The Act requires those foreign purchasers to determine whether they are Foreign Principals prohibited from acquiring or owning real property in Florida, whether they are subject to registration requirements, or whether they are required to dispose of such real estate. Non-compliance renders the real property subject to forfeiture and sale of such real property (subject only to the rights and interests of bona fide lienholders) and risks daily fines of $1,000 and criminal penalties.

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Effective on January 1, 2024, the U.S. Corporate Transparency Act (CTA) will require “reporting companies” to disclose to the U.S. government’s Financial Crimes Enforcement Network (FinCEN) details of their “beneficial owners”.

With the CTA, Congress has passed one of the most significant and sweeping laws affecting LLCs and companies doing business in the United States – covering both domestic and foreign entities – in the most aggressive effort to date against illicit terrorist financing, fraud and money laundering.

This client alert discusses the CTA’s reach and exceptions and disclosure obligations, which are retroactive and go well beyond any disclosure previously expected.

Read the full article

Doing business in, or investing in, Australia may require an understanding of the goods and services tax regime (sometimes referred to as consumption tax, value added tax or goods and services tax). Here is a brief guide on GST in Australia for foreign businesses that may be about to do business, or invest, in Australia.

Read the full article by Ajay Ravi, McInnes Wilson Lawyers

Are you a New Zealand citizen (or member of a related entity) that has purchased residential-related property or land in New South Wales (NSW)? Are you a New Zealand citizen that is considering becoming an Australian citizen?

If so, there are certain new/revised measures and interpretations of the law and associated guidance which may have a significant impact on your Australian taxation position.

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With effect from 1 January 2021, the FATA was amended to (among other things) introduce the Register of Foreign Ownership of Australian Assets. It was contemplated in the amendments to the FATA that the New Register would come into effect at a later time. That later time was 1 July 2023. [...]

Read the full article here

The Decree of September 29, 2023 of the Ministry of Enterprises and Made in Italy concludes the long and troubled regulatory process for the establishment of the Register of Beneficial Owners introduced by Legislative Decree no. 90 of May 25, 2017, implementing Directive (EU) 2015/849 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing.

Read the full article here

Effective January 11, 2024, Canada will join the Convention Abolishing the Requirement of Legalization for Foreign Public Documents, also known as the Apostille Convention.

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Environmental, social and governance (ESG) is not just a trend, it’s the new reality. Investors are putting their money where their values are, and ESG principles are leading the way. The pandemic, climate change, cyber incidents, supply chain challenges, economic disparities, and social justice movements have all accelerated this trend, and businesses need to take notice.

Read the full article from Georgia McNamara, Associate, McInnes Wilson Lawyers

Our member firm Mc Innes Wilson Lawyers has shared a testimonial on why being part of the Globalaw Community has enriched their network.

Click here to download and watch the video.