Meet the Co-chairs - TAG-SP
Scopelitis, Garvin, Light, Hanson & Feary, P.C
International Trade and Customs
Decree No. 2.184 was published in Official Gazette No. 6.214 Extraordinary, dated January 14, 2016. Through said Decree, the President of the Republic declared the State of Economic Emergency in all of the national territory, for a period of sixty (60) days (the “Decree”).
THE BAHAMAS is an international financial centre and major hub for the global shipping industry, ranking globally as number one for cruise ship registration and number three in total world tonnage. Both sectors are important areas of international trade for the country. Bahamian corporate vehicles are used extensively in both sectors giving rise to thousands of Bahamian International Business Companies (“IBCs”) existing on the Companies Register. In the course of related global corporate transactions, the execution and legalization of corporate documents is a regular occurrence.
After nearly a decade of talks, the United States and eleven other negotiating partners announced on October 5, 2015 the conclusion of the Trans-Pacific Partnership (TPP) trade agreement, marking an important milestone toward the fulfillment of the Obama Administration’s economic policy in the Asia-Pacific region and overall trade strategy.
Bufete Escura (Barcelona, Spain) has compiled a thorough guide highlighting various investment and trade opportunities in Spain.
Contact: Gordon Grieve and David Cornwell; Piper Alderman (New South Wales, Australia)
Negotiations for the Trans-Pacific Partnership (TPP) concluded on 6th October 2015 after the 12 country partners reached agreement on the final draft of the TPP. The 12 country partners – Australia, New Zealand, Vietnam, Singapore, Japan, Malaysia, Brunei Darussalam, Chile, Mexico, Peru, Canada and the US – make up 40% of the world’s economy and the agreement is expected to have a wide impact on trade and cross-border business.
The TPP is still subject to domestic ratification by each of the partners however the TPP’s outcomes are likely to be advantageous beyond the obvious trade sectors such as agriculture and goods exports. Domestic regulations across different countries complicate the ability of professionals to offer their services internationally. The TPP offers a liberalisation of restrictions on cross-border interactions and creates new opportunities which will provide significant openings for Australian sectors to prosper including, significantly, the legal and financial sectors.
Partners, Gordon Grieve and David Cornwell explore some of the likely outcomes of the TPP as well as opportunities the TPP will provide in services.