Mr. Martin Peronnet published a post on Linkedin on April 3, 2020 : “Acquisition of Vodafone Malta by Monaco Telecom” : “We are very pleased to announce that we have completed the transaction to acquire Vodafone Malta yesterday evening. After having successfully transformed Epic in Cyprus, this acquisition completes our strategy in a great way.…
DetailsThe Government, by a letter of April 25th, 2018 informed the Monaco parliament (“Conseil National”) of its decision to change the draft law n°232 relating to the creation of the right to a bank account from a parliamentary initiative to a Government initiative, draft law n° 991 (« Draft Law »). Tabled in public session on…
DetailsOn August 2nd, 2011 Law no. 1,383 on the Digital Economy was adopted with the aim of facilitating and securing the formation of contracts electronically (“Law 1.383“). One of the main contributions of this law was the introduction of an article 1163-1 of the Civil Code, which states that electronic writing is, under certain conditions,…
DetailsThe business income tax (“ISB”) was introduced in Monaco following the conclusion of a tax treaty with France on May 18th, 1963. Where applicable, and pursuant to article 1 of the Tax Treaty, the ISB is in principle assessed and recovered under the same conditions as is assessed and recovered the corporate income tax in…
DetailsThe Principality of Monaco updated and reinforced its legislative arsenal on the fight against money laundering, the financing of terrorism and corruption by the adoption of a law n° 1.462 of june 28th, 2018, implemented through a sovereign order n° 7.065 of july 25, 2018. Among the novelties of this law stands notably the creation…
DetailsThe primary objective of Law No. 1.457 of 12 December 2017 on harassment and violence at work is to secure relations between employers and employees against harassment, sexual blackmail and violence at work. Workplace harassment is defined as knowingly and by any means whatsoever, in the context of an employment relationship, that a natural person…
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