We recently assisted lenders in several financing transactions regarding the purchase of cruise ships and tankers. This required close scrutiny of payment mechanisms, releases and registering security in Monaco, such…
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Recent transactions and projects handled by our firm
A bill proposal creating a new Monegasque Anti-Corruption Agency (“Agence Monégasque Anti-Corruption”) is currently under discussion. This Agency – in addition to SICCFIN – would have a preventive role in…
Under the EU Delegated Regulation 2016/2251 dated 4 October 2016 on risk-mitigation measures for OTC non-cleared derivatives, counterparties are required to collect Initial Margin (IM – to cover potential future…
The Government of Monaco has published a Practical Guide for financial institutions and self-certification models that can now be used by Monaco banks for new clients and high value clients….
Monaco is actively involved in environmental preservation and in efforts in relation to Climate Change, as a signatory to the Paris Agreement. In order to curb carbon emissions, Monaco has…
We assisted a major Monaco Private Bank in the sale of its activities in Monaco through a Referral Agreement as part of its strategy to simplify and restructure its Private…
As a non-member of the WHO Framework Convention on Tobacco Control, Monaco takes national legal measures to protect the Principality Tobacco Monopoly on its territory. The Principality maintains exclusive rights to import,…
Monaco has committed to be involved in the fight of the Global Warming and the protection of the environment. With the Agreement on Civil Aviation for the protection of the…
On 13 July 2016, a new Law n°1.430 for the protection of national security authorises the Monaco Authorities to undertake administrative surveillance in Monaco through voice recordings. The new system…
We assisted several luxury groups in structuring and negotiating their lease contracts in the new developments in the Principality around the Casino Square. Our involvement included advising on Monaco lease…
