Cash pooling arrangements in Poland and Russia. Do they really work?

The primary function of cash pooling is the optimization of cash management within a corporate group by balancing the accounts and allowing the use of surplus funds by all companies. Although it is growing in popularity across the globe, until today, in many jurisdictions cash pooling has received very little or no attention from lawmakers and it remains subject to a complex and incoherent regulatory landscape of civil, tax, banking and insolvency law. This is the case of both Poland and the Russian Federation, where a lack of specific regulation has led to legal uncertainties, which, however, have occurred in different [...]

Is your business franchisable in the United States?

Jack Santaniello* (Shumaker) has written an interesting article about franchising your business in the U.S. You can read the article by clicking on the link below. Franchising Your Business   *Jack Santaniello is a partner in the Corporate, M&A, Franchising and Distribution, and Intellectual Property practice groups in the Charlotte, North Carolina office of Shumaker, Loop & Kendrick.

NKO Partners contributes to the Real Estate 2020 Global Practice Guide

Chambers and Partners has recently published the Real Estate 2020 Global Practice Guide. An article written by NKO Partners, our Serbian member, is featured in this guide. The article covers topics of sale and purchase, real estate finance, regulatory authorities, commercial leases, investment vehicles and taxation from Serbian jurisdiction perspective. Please click on the link below to read the full article:

COVID-19 outbreak calls for economic measures for the private sector in Serbia

The long awaited economic measures aimed at mitigating the negative economic impact of COVID-19 pandemic are finally adopted by the Serbian Government on April 11. NKO Partners has published an overview of the state subsidies and financial program that is now available to the private sector. You can read the newsletter by clicking on the link below. Subsidies for private sector in Serbia

Covid-19 Newsletters from Turkey

Cerrahoğlu, our Turkish member, has released newsletters to give an overall view on the administrative and legislative acts as well as the tax measures Turkey has taken due to the Covid-19 pandemic. You can read the newsletters below. Covid 19 latest measures in turkey Force Majeur Event Declared due to Coronavirus

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