• How benefit corps improve new governance models

    The association Il Quinto Ampliamento in collaboration with the university Politecnico di Milano deal with benefit corp during the conference “Il nuovo modello di impresa civile“, which will be held on March 12, 2019. During the event Francesco Marconi, Andersen Partner and co-author with Vittorio Traversa and other professionals of the white paper titled “I fini […]

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  • Further postponement for communication of invoice data and cross-border communication

    On February 27th the Ministry of Economy and Finance has informed that the following fiscal deadlines have been postponed: communication of data of invoices issued and received (so called “spesometro”) for the second semester of 2018, which is due on 30 April 2019 ; cross border data communication (so called “esterometro”), concerning the sale of […]

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  • Mirai and Shorai scenarios for companies future

    Marco Giorgi, expert Partner in comparative company law, Japanese law and head of the Japan Desk for the firm, will have a speech during the conference titled  Il futuro del mondo dell’impresa. Etica, responsabilità sociale e sostenibilità (March 5), that is part of the series of events Mirai/Shorai cinque incontri su futuri possibili organized in collaboration with the Japanese Cultural Institute […]

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  • Andersen Global Appoints Maricla Pennesi as EU Tax Coordinator & Andersen in Italy Welcomes New Tax Partner

    Andersen Global announces the appointment of Maricla Pennesi as the European Tax Coordinator. Additionally, Maricla is the new Head of Tax in Italy and, together with the new Partner Giovanni Gallucci, will strengthen the international tax practices in the firm. Maricla Pennesi has 30 years of experience in international business reorganization, digital economy, and risk […]

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  • Registrations on the Company Register, the information function prevails over the principle of typicality

    With a recent decision (n. 3419/2018 – RG n. 10247/2018), the Court Section of Milan specialized in Business Matters adopted a permissive direction regarding company deeds that can be entered into the Company Register. The above-mentioned decision supersedes a previous decision adopted by the Judge of the Register of Companies of Milan, arguing in favor […]

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  • EU Copyright Reform

    In May 2015 European Union has adopted the so called Digital Single Market Strategy that consists in initiatives with the scopes of creating an internal market for digital content and service and of making this market easily accessible to consumers and to business companies. Amongst such initiatives, there is the proposal of Directive on Copyright in […]

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  • Long Term Engagement: here goes the Italian Act of Implementation of EU Shareholder Rights Directive

    On February the 7th, the Italian Council of Ministers approved the draft (which can be downloaded here on Andersen Web-page as OCR PDF), of an Act implementing in Italy the EU Directive n. 2017/828 (“Shareholder Rights Directive”), following the previously outlined draft by the Italian Ministry of Economy and Finance. The declared purpose is fostering […]

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  • Model 231: Published the document prepared by CNDCEC, CNF, ABI and Confindustria

    As it is well known, Legislative Decree 231/2001 has introduced into Italian law a regime of liability for legal persons for committing of crimes in their interest or to their advantage by the top managers, or employees, with significant consequences also on the same legal person, potentially subject to pecuniary administrative sanctions that are also […]

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  • Robo advice: the Italian scenario

    Marco Giorgi, Andersen Partner and honorary fellow to the Financial Markets Regulations and Comparative Private Law classes at the University of Rome – Tor Vergata, took part in the publication of the FinTech book titled “La digitalizzazione della consulenza in materia di investimenti finanziari“, an in-depth analysis on the digitalization of financial advice, the so-called robo advice, issued by the Italian public authority responsible […]

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  • The Supreme Court clarifies evidence of oral dismissal

    With the most recent sentence no. 3822 published on the 8th February 2019, the Supreme Court – Labour Section – ruled on the distribution of the burden of proof in relation to oral dismissal, accepting the complaint of the employer – as a plaintiff – ruling that “the worker who challenges the dismissal by attaching […]

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  • New Code of economic crisis and insolvency published in Official Journal

    Yesterday, 14th February 2019, the Legislative Decree No. 14 on 12th january 2019, containing the new Code of  the economic crisis and insolvency, was published in Official Journal. The Code will come into force on 15th August 2020, when the period of 18 months from the date of publication will be expired, according to provision […]

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  • IRAP: Stop doubling of terms

    In the presence of tax offense the doubling of terms is not applicable for the IRAP : this is one of the position taken by the Italian Revenue Agency. With reference to the tax assessments activities related to IRAP reference is made to article 43 DPR 600/1973. Until the fiscal year 2015 this rule stated […]

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  • Postponement for communication of invoice data and cross-border communication

    The undersecretary of the MEF Massimo Bitonci, in a notice issued on Wednesday, February 13, 2019, announced the postponement to April 30, 2019 of the deadlines previously scheduled for February 28, 2019, for: – Communication of invoice data (also called “spesometro” – art.21 of DL 78/2010) of the second half of 2018; – Cross-border communication […]

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  • Andersen Global Expands Presence in India; Nangia Advisors Opens Offices in Bengaluru and Pune

    Today, Andersen Global announced further expansion in India, with Nangia Advisors, a collaborating firm of Andersen Global, opening new offices in Bengaluru and Pune.  Andersen Global embarked on its expansion in India less than a year ago, and now has a presence in 10 locations in the country through its collaborating firms, Vaish Associates and […]

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  • Internal audit and constitutional amendments with new Code of the Economic Crisis and Insolvency

    The new Code of the Economic Crisis and Insolvency, sets up some amendments on article no. 2477 of Civil Code, modifying the part relating to the limits for adopting internal control or auditors and for the termination of their functions with respect to limited liability corporations (the Italian “SRL”) and cooperative entities. The new article […]

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  • Leverage buy-out: tax avoidance and interests paid deduction

    The Supreme Tax Court with the decision No. 868/2019 ruled that the LBO transactions cannot constitute a tax avoidance when they have an economic substance other than tax benefits. In the case in point, the activity of leveraged buy-out was about the acquisition of 50% of the capital share of a trade company by two […]

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  • Web tax in Italy could create double imposition

    Maricla Pennesi and Giovanni Gallucci, partners of Andersen, analyze the taxation of digital services in an article published by Il Sole 24 Ore, section Norme e Tributi. The web tax has been officially introduced in Italy by the Budget Law 2019 waiting for an agreement at European level to standardize and introduce the digital services tax (DTS). […]

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  • Andersen Global Adds Collaborating Firm in Peru

    Andersen Global is proud to announce a collaboration agreement with Estudio Hernández & Ugarelli, a respected legal, tax and business consulting firm based in Lima, Peru. This is the second collaboration agreement in Peru for Andersen Global. Hernández & Ugarelli is comprised of four Partners and 12 professionals. Hernández & Ugarelli has established itself as […]

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  • Notification of legal claim to a foreign defendant

    In the recent ruling of January 31, 2019, n. 2966 the Supreme Court clarifies that the notification of acts of a procedural impulse, carried out against a foreign citizen, must follow the procedures set out in art. 142 of the Italian Civil Procedure Code, if the foreign origin of the addressee is evident from the documentation […]

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  • Register Tax proportional to 3%: partners financing with signed partners meeting minutes

    The partners’ contributions towards the company are usually divided in: in contributions made by the partners into title of financing, that foresees the registration of a debt from the society, and that they are considered as a real operation of “loan” that gives right to restitution; in contributions made in the capital account, that compete […]

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