Globalaw in the news. 

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. [...]

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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.

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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.

With 10 members operating across 19 jurisdictions, Globalaw’s growing network in Africa provides an effective platform to meet global client needs.

Check the 2023 Globalaw Africa Directory at this link.

Africa presents a wealth of opportunities for investors, boasting a youthful and rapidly expanding population, vast natural resources, a burgeoning middle class, and a commitment to economic reforms. With many African economies still in the nascent stages of development, it presents a unique opportunity for investors to tap into a market that is poised for growth and the potential to yield higher returns compared to established and mature markets. Thus, investing in Africa can offer a high growth potential and profitability, making it an attractive option for those seeking to diversify their portfolios beyond developed economies.

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Africa is the second largest and second-most populous continent in the world. It is fitting therefore that Globalaw is organising from the 16-18 March 2023 its first ever EMEA event on African soil with the support of host firm Fraikech Associés (link to program). In that context, Globalaw published its ever map of members and partners in Africa.