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10 years celebration

Internationalization

"Zagamilaw" International Law Firm, with its offices in New York, Toronto and London and thanks to the collaboration with its correspondent Partners, offers its activity of international consultancy and legal assistance both towards Italian clients living abroad and foreign clients living in Italy.

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Rome

Why choose Zagamilaw

Our team is composed by young, competent and motivated people that would be able to give you suggestions about every aspect of your matter. When we are engaged by a client for a legal case, the same client and the same case become to us absolutely important, in fact every professional of Zagamilaw will constantly assist you with the aid and supervision of the Firm's founder Lawyer Paolo Zagami

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Reggio Calabria

Recruiting

"Zagamilaw" International Law Firm, with its offices in New York, Toronto and London and thanks to the collaboration with its correspondent Partners, offers its activity of international consultancy and legal assistance both towards Italian clients living abroad and foreign clients living in Italy.

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New York

Feedback

“Zagamilaw is a fast growing and international business oriented law firm which offers assistance on all legal aspects of Italian residential and commercial real estate transaction and has been appointed between the Top 5 Italian Law firm for the Real Estate sector." - Corporate International Magazine

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Toronto City

International Tax Planning

The International Law Firm "Zagamilaw" is able to assist and advise companies and businesses wishing to implement an efficient international tax planning through proper allocation in different countries of their income derived from investment and management functions of the group, taking into account the different tax regimes and different tax rates adopted by each member, according to a general principle of legal supremacy of internal rules than those of other countries, subject to the existence of international agreements that address conflicts of imputation or double taxation.

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London

Lehman Bankruptcy Judge Approves $50 Million Bonuses

17.12.2009 « Back

Lehman Brothers Holdings Inc.’s plan to pay $50 million in bonuses to employees handling derivatives contracts was approved by a judge who said the payments provide essential incentives to employees with “unique skills.”

Lehman, the investment bank liquidating in bankruptcy, asked U.S. Bankruptcy Judge James Peck in New York last month for permission to pay the bonuses to about 230 full-time employees unwinding the contracts. The judge today sanctioned the payments as bankers, under attack after two years of failures and bailouts, risk more public fury by awarding year- end bonuses, according to a Bloomberg National Poll this month. Lehman told Peck in a Nov. 25 filing that the derivatives team had brought in more than $8 billion in cash and settled 17 percent of the contracts during the bankruptcy. A bonus pool “designed to motivate and reward employees” in the group will help to maximize the value of the remaining contracts, it said.

Also at the court hearing today, the judge told Barclays Plc it could not have documents it sought from Lehman creditors and the trustee for Lehman’s brokerage, said a spokesman for the trustee who declined to be named. Britain’s second-largest bank, sued three times last month over an alleged $5 billion windfall on its purchase of Lehman’s North American brokerage, had asked the judge to force two of the plaintiffs to produce documents showing what lawyers told them about the purchase when it happened in September 2008.

Judge Peck approved Lehman’s plan to put more money into its Aurora Bank FSB thrift unit. Diana Adams, the U.S. trustee who oversees Lehman’s bankruptcy, said in a Dec. 11 filing she questioned why Lehman needs to pay bonuses to people for merely doing their jobs, particularly vice presidents who have “limited authority” except for signing papers. She assented to the plan after Lehman said it was primarily designed to help employees and there are only four officers in the group.

Lehman filed the biggest U.S. bankruptcy in September 2008 with assets of $639 billion. Creditors including UBS AG, the New York Giants, Abu Dhabi Investment Authority and individual bondholders filed $824 billion in claims against the company. The case is in re Lehman Brothers Holdings Inc., 08-13555, U.S. Bankruptcy Court, Southern District of New York.

from www.bloomberg.com