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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

Prospectus Directive: European Parliament approves Omnibus II Directive with amendments

31.03.2014 « Back

On March 11, 2014, the European Parliament adopted, with amendments, the European Commission’s proposal for a Directive amending the Prospectus Directive and the Solvency II Directive in respect of the powers of the European Supervisory Authorities (Omnibus II). Omnibus I enacted technical amendments to 11 directives, incorporating into banking and securities directives references to the European Supervisory Authorities (ESAs) (being the European Banking Authority (EBA) and the European Securities and Markets Authority (ESMA)). Omnibus II sets out a framework for how the ESAs could work effectively and it defines the precise scope of the exercise of some of their powers. It also proposes amendments to the Prospectus Directive, in particular, certain articles which set out ESMA’s obligation to draft regulatory technical standards and to submit them to the European Commission. The adopted text of Omnibus II will now be forwarded to the Council of the European Union under the ordinary legislative procedure.

Notable amendments to the European Commission’s proposal include an amendment to the European Commission’s proposed amendment to the third sub-paragraph of Article 5(4) of the Prospectus Directive in relation to the communication to the competent authority of the host Member State and to ESMA of the final terms of any offer that are neither included in the base prospectus nor in a supplement. The adopted text requires the competent authority of the relevant home Member State to communicate those final terms to the competent authority of the host Member State and to ESMA.Article 7 of the adopted text (Article 3 in the European Commission’s proposal) now requires the change to Article 5(4) of the Prospectus Directive to be transposed into national law by March, 31 2015 (as opposed to December 31, 2012) and to apply those measures from 1 January 2016 (as opposed to January 1, 2013).Article 6 requires the European Commission to submit to the European Parliament and to the European Commission by January 1, 2017 (and annually thereafter), a report specifying whether the ESAs have submitted the draft regulatory technical standards and implementing technical standards provided for in Prospectus Directive (as amended). Omnibus II will also require the ESAs to specify whether the submission of such draft regulatory technical standards or implementing technical standards is mandatory or optional, together with proposals, where appropriate.

From EuropeanParliament