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Italy: Law on Public Participation Companies

(Dec. 23, 2016) On September 23, 2016, new legislation establishing the consolidated text of the Public Participation Companies Law entered into effect in Italy. (Law No. 210 of August 19, 2016, Public Participation Companies Law (Law No. 210), GAZETTA UFFICIALE, No. 210 (Sept. 8, 2016), NORMATTIVA (in Italian).)  The purpose of the new legislation is to […]

Indonesia: Capital Requirement for Starting a Business Reduced

(Apr. 8, 2016) On March 21, 2016, Indonesia’s President, Joko Widodo, signed into effect a regulation changing the requirement for starting a business in the country. The previous requirement that any new limited liability company have initial capital of at least RP50 million (about US$3,780), with at least 25% of that already in hand, has […]

Ireland: New Companies Act Takes Effect

(June 19, 2015) On June 1, 2015, the Companies Act 2014 took effect in Ireland. (Companies Act 2014, No. 38/2014, IRISH STATUTE BOOK.) This is the largest piece of legislation ever enacted in Ireland, comprising a total of 25 Parts (1448 sections) and 17 Schedules. The Act consolidates 16 existing Companies Acts – dating from […]