Corporate Law & Transactions

Welcome to the home of corporate law & transactions on Law-Now.

On this page, you will find all the articles and publications for corporate law and transactions. CMS also delivers a host of research and analysis for this area, including the CMS guide to cross-border merger, Emerging Europe: M&A report and the CMS guide to employment issues in an M&A transaction.

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Recent Articles

  •  
    23.05.2023
    Hungary

    Hun­gary launches new re­gistry and re­gis­tra­tion pro­ced­ures for com­pan­ies as of 1 Ju­ly 2023

    A new bill has been recently proposed to the Hungarian parliament, which aims to amend various acts that, among others, include a proposal to postpone the entry into force of Act XCII of 2021 on the Registry and Registration Procedure of Legal Persons from the originally planned date of 1 July 2023 to 1 January 2026. According to the bill's explanatory memorandum, entry into force of the Act is to be postponed to provide more time for legal practitioners to prepare for the systematic reforms the Act intends to introduce. The proposal has not yet been adopted by the Hungarian parliament.Hungary...
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  •  
    15.05.2023
    Germany

    Fed­er­al Ad­min­is­tra­tion Of­fice (Bundes­ver­wal­tung­samt or BVA) spe­cifies ex­ten­ded trans­par­ency ob­lig­a­tions for for­eign leg­al en­tit­ies with real es­tate own­er­ship in Ger­many

    The BVA recently confirmed far-reaching reporting obligations to the Transparency Register for foreign legal entities with real estate ownership in GermanyIn its most recent FAQ dated 5 May 2023, the BVA commented on a new reporting obligation for foreign companies as well as legal forms such as foundations and trusts (i.e. “legal entities”), directly or indirectly owning real estate in Germany, for so-called “existing cases”. In the opinion of the responsible supervisory authority of the German register on beneficial ownership (i.e. the “Transparency Register”),...
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  •  
    12.05.2023
    Turkiye

    An­nounce­ment of the Istan­bul Cham­ber of Com­merce on in­tern­al dir­ect­ive

    TR
    The Istanbul Chamber of Commerce (ICOC) has recently published an announcement concerning the internal directive on representation authorities in joint-stock and limited liability companies whereby the ICOC, acting as the trade registry authority for corporate matters in Istanbul, establishes the principles for limiting authorities in corporations according to the Turkish Commercial Code (TCC).The ICOC emphasises the importance of precisely defining and distinguishing between limited and unlimited representation authorities in a company's internal directive. This includes specifying the tasks and...
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  •  
    25.04.2023
    Middle East

    Cor­por­ate Tax Thought Lead­er­ship Series: Anti-Ab­use Rules for Small Busi­ness Re­lief

    BackgroundThe UAE enacted its Corporate Tax Law in December 2022 (Federal Decree-Law No. (47) of 2022 on the Taxation of Corporations and Businesses). The Corporate Tax Law applies with effect from 1 June 2023. A 9% tax rate will apply on income exceeding AED 375,000 (approx. US$102k). Despite its name, the Corporate Tax Law treats a natural person conducting business in the UAE as a “Resident Person”. Such a person’s business income would be subject to corporate tax in the UAE. Should the legislation not have extended the scope of the Corporate Tax Law to natural persons...
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  •  
    17.04.2023
    Middle East

    The leg­al frame­work for sus­tain­able fam­ily busi­nesses in the King­dom

    BackgroundThe new Saudi Companies Law issued through Cabinet Decision No 678/1443 is a landmark legislation that has sown the seeds for a sustainable family business ecosystem. The provisions regarding family businesses introduced by the Companies Law are in pursuance of the economic objectives underpinned in the country’s landmark Vision 2030.Family CharterMost importantly, the Companies Law has introduced an institutional legal cover to family businesses. The founders, partners and shareholders of family-owned enterprises can now conclude a “family charter” (or a family constitution)...
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  •  
    14.04.2023
    United Kingdom

    CMA con­firms fines and dir­ect­or dis­qual­i­fic­a­tion against de­moli­tion firms

    Following a long-running investigation, the CMA has confirmed fines for 10 demolition firms totalling nearly £60m as part of an infringement decision that has also result in the disqualification of three directors of two of the firms involved.  Issued on 23 March, the infringement decision sets out the detail of the investigation, how it was pursued against the 10 firms including the full range of leniency, settlement and enforcement powers at the CMA’s disposal when conducting these investigations. Infringing conductThe CMA found that each of the 10 firms were involved in...
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