In its Global Best to Invest 2020 Report, the Site Selection international magazine recognized InvestChile as the best investment promotion agency in South America. The report is based on information provided by 1,000 investment experts from around the world, principally executives responsible for decision-making in their company.

Businesses face wide-ranging issues as the world responds to the COVID‑19 pandemic. Here is the latest guidance from Torys.

Myanmar continues to generate intense investor interest in what remains one of the world’s largest underdeveloped markets.

Given the state of emergency declared by the Panamanian Government as a result of the COVID 19 pandemic, the stay at home orders issued by the health authorities and the social distancing that is essential to control the outbreak, the technological tools available for companies to operate remotely are vital.

On April 23, during a ceremony presided by South Korean President Moon Jae-In, among other South Korean authorities, was officially launched the “HMM ALGECIRAS” – the world’s biggest containership.

The so called “Decreto rilancio” (law decree 19 may 2020, no. 34) has been published in the Official gazette with immediate effect, confirming the reduction of the investment required to qualify for the Investor visa in case of investment in Italian companies and innovative startups.

The United Arab Emirates (“UAE”) Securities and Commodities Authority (“SCA”) has issued new corporate governance rules under the Chairman of SCA Board Decision No. (03 R.M) of 2020 concerning adopting the Corporate Governance Guide for Public Joint Stock Companies (“Corporate Governance Rules” or “New Rules”) to regulate public joint stock companies in the UAE (“PJSCs”).

Coronavirus: Member States to extend restriction on non-essential travel to the EU until 15 June

The Superintendence of Tax Administration (Resolution Number SAT-DSI-280-2020), agreed to disable from March 24, 2020 to April 14, 2020, except that due to the effect of Covid-19 it is required to extend the measure, the dates for compliance with tax obligations. Therefore, with said disqualification, the SAT will not be able to carry out inspection and verification procedures, nor will it require the taxpayer to fulfill its obligations.

The UAE Courts have a wide range of discretionary powers to resolve disputes between sellers and purchasers if sufficient reasons exist to cancel the sale and purchase agreement concluded by the parties. The court will evaluate whether the parties fulfilled their obligations, and the reasons for and extent of the shortcoming of the alleged defaulting party.