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Investment Funds do not have Legal Personality
«Investment Funds (particularly close-ended funds that invest in real estate), under the Italian Financial Instruments Act (also known as T.U.F. or Legislative Decree n. 58/1998, in its consolidated version), are not juridical subjects, as they [merely] represent assets separated from the managing company. This Court has already stated such principle, considering that in the case […]
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Andersen Global Announces Agreement in Slovenia
Andersen Global is proud to announce its expansion into Slovenia in Central Europe via a collaboration agreement with Miro Senica and Attorneys, one of the oldest, largest and most respected law firms in Slovenia. Miro Senica and Attorneys was founded in 1986 by Miro Senica, and the full-service firm now has six partners and more […]
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Andersen Global at 74th Annual Tax Executives Institute Conference
Maricla Pennesi, a Partner from Andersen in Italy, and Dennis Minich, a Partner in the Andersen Chicago office, will be speakers at the TEI 74th Annual Conference on October 28-30, 2019 in New Orleans. Andersen will be one of the platinum sponsors participating at the event. TEI represents the in-house tax professional community with 7,000 individual […]
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INCOTERMS 2020
“The common language in international sales transactions”: this is how Incoterms have been defined on several occasions. Incoterms are the set of rules developed by the International Chamber of Commerce with the aim of facilitating international trade in goods since they define unambiguously and without the possibility of error all the competent rights and duties […]
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Reporting of the online transaction to tax authority
The art. 13 of the law 34/2019 ( also called Decreto Crescita) has introduced a new legal reporting obligation for the taxpayers that facilitate selles through an electronic interface such as Marketplace or similar. Taxpayers that must comply with this reporting obligation are the ones that manage online platforms, Marketplace and other similar. Operators online […]
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Andersen Global Expands in India with Membership of Nangia Andersen LLP
Andersen Global continues to expand its footprint in the East, announcing the addition of a new member firm in India, Nangia Andersen LLP. Andersen Global debuted in India over a year ago when Nangia Advisors LLP (now Nangia Andersen LLP) signed a collaborating agreement with the international association. The firm, one of the largest in […]
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Andersen Global Enters Cameroon, Marking 18th Country in Africa
Andersen Global is excited to announce it has signed a collaboration agreement with Muluh & Partners, a law firm based in Douala, Cameroon. In a period of just over two years, Andersen Global has now expanded its presence into 18 countries in Africa. Founded in 2012, Muluh & Partners is a full-service law firm with […]
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The twelve-day rule for invoice’s issuing cannot always be adopted
The invoice, pursuant to art. 21, paragraph 4, DPR 633/1972 must be issued at the time the transaction is carried out, determined in accordance with art. 6 of the same DPR. With the introduction of the electronic invoice, the provision introduced by art. 11 of DL 119/2018 (subsequently amended by DL crescita), in order to […]
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The Supreme Court on suspension of efficacy of shareholders’ resolutions excluding a shareholder
The Supreme Court, with ordinance no. 24939/2019, addressed the issue of the nature of the precautionary decision of suspension of a shareholders’ resolution on the exclusion of a shareholder from a limited partnership; and in particular, whether it has “anticipatory effects” of the future decision – which has a “constitutive” nature. According to a first […]
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Crypto-currencies: accounting for IAS / IFRS purposes
The Interpretation Committee (IC) has recently answered the request of IASB, regarding the accounting treatment to be applied to crypto-currencies. Crypto-currencies are digital currencies that can be used for the payment of goods and services or held for the purpose of investment. Unlike traditional currencies, crypto-currencies have no legal tender and are not guaranteed by […]
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The Supreme Court: when can shareholders or third parties directly claim compensation against BoD members
When does a breach of the BoD’s obligations or an illegitimate conduct of its members directly harm a shareholder or a third party? This matter has been discussed several times by the Supreme Court during the past last years. With a recent ruling – no. 14778/2019 – the Supreme Court once again reaffirms the elements […]
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Down payment based on a preliminary agreement – VAT deduction
The Court of Cassation, with the decision n. 24671 of 3 October 2019, concerning the VAT treatment related to the down payment based on a preliminary real estate sale agreement, has incorporated the principle established by the European Court of Justice referred to the joined cases C-660/16 and C-661/16 of 31.05.2018, according to which the […]
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From October 1 full penalty for late invoices
The purpose of this document is to illustrate the sanctioning profiles connected to the late transmission of electronic invoices between private parties after the reduced penalties period with taking effect from October 1. Please note that for I.V.A. purposes, the moment in which transaction took place is identified: At the time of stipulation, if the […]
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Andersen Global Enters Namibia; Continues Expanding Presence in Africa
Andersen Global is proud to announce a Collaboration Agreement with one of Namibia’s largest law firms, Dr Weder, Kauta & Hoveka Inc. Andersen Global’s presence in Southern Africa has grown significantly this year with additions in South Africa, Zambia, Botswana, Zimbabwe and now Namibia – the 17th country in Africa in which the global organization […]
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Workshop on business oportunity in Switzerland for Italian companies
The professionals of Andersen Italy and of Andersen Switzerland analyze the Swiss Country System in order to introduce an audience of entrepreneurs and CFOs to the internationalization opportunities towards the Swiss market. The conference – held on October 10th in Brescia – aims to deepen the fiscal and operational advantages that make Switzerland a privileged […]
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Andersen Adds Location in Poland
Andersen Global announced today that Andersen & Legal in Poland is expanding with a new office in Torun to serve clients in northern-central Poland. Torun is one of four locations in Poland in which Andersen Global has a presence through its member and collaborating firms. Andersen & Legal in Poland became a member firm of […]
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Simulation of the contract and “potestas iudicandi” of the arbitrators
A recent ruling of the Court of Cassation (No 14884 of 31 May 2019) states, that the ascertainment of the simulation of the contract on which the claim relied on before the arbitrators is based, falls within the potestas iudicandi of the latter, since their knowledge extends, subject to any specific legal limits, to any […]
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Blockchain and Privacy: the policy options proposed by the European Parliament
In recent years the European debate has largely focused on the problems that blockchain technologies raise in terms of data protection. One of the most controversial issues concerns the identification of the Data Controller (Data Controller), that is the (natural or legal) person which, alone or jointly with others, determines the purposes and means of […]
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Andersen Global Continues to Expand Throughout Middle East
Andersen Global continues to strengthen its presence in the Middle East with the announcement that Jordan-based Zalloum & Laswi has become a full member firm of the international association and is adopting the name Andersen & Legal. The firm had previously signed a collaboration agreement with Andersen Global last fall. “In less than a year, […]
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Electronical Invoice: the reduction in penalties for the first semester of 2019 has ended
The Art. 10 of Law Decree 119/2018 provided a relief from penalties in case the e-invoice was issued within the deadline for VAT periodical liquidation. Moreover, a reduction of 80% of penalties was set forth in case of issuing of the e-invoice within the deadline for the following VAT periodical liquidation. This relief from penalties […]
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