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BACCIARDI and PARTNERS assisted the Italian company S.I.E. SRL in the implementation of the project with the company LEONARDO SPA, aimed at modernizing the Zurich airport in Switzerland through the introduction of innovative baggage conveyor belt systems.<\/p>\n
BACCIARDI and PARTNERS provided advice with reference to the regulation of international taxation issues related to the project, the establishment of the branch of S.I.E. SRL in Switzerland and the deployment to the branch of workers of both Italian and other nationalities in charge of the execution of the contract activities.<\/p>\n
For BACCIARDI and PARTNERS the assistance was provided by the managing partner Lorenzo Bacciardi, LL.M.<\/u><\/a>, for the corporate law matters, and the partner Tommaso Fonti, LL.M.<\/u><\/a>, with the assistance of the associate Denis Amici<\/u>, for the international taxation and global mobility matters.<\/p>\n S.I.E. SRL, a leading company in the field of industrial electrical plant engineering, based in Genoa (Italy), belongs to the RAM Group and is active in Italy and abroad; in the last three years it has significantly consolidated its international presence in the steel sector through the construction of belt systems for airport baggage handling, oil & gas plants and power generation plants.<\/p>\n The execution of international contracts is a considerably complex activity, requiring professional integrated advice in the areas of international contracts, international corporate law, international taxation and global mobility.<\/p>\n First of all, the awarding and management of an international tender is subject to a particular procedure and a complex set of rules and regulations, which require great attention in the various negotiation phases, from pre-contractual negotiations to the negotiation of the final contract, to various forms of guarantee\/bond connected with acceptance and delivery of the work or facility.<\/p>\n The execution of an international contract also has considerable tax implications, as it very often involves the setting up of a construction site abroad that triggers a permanent establishment of the Italian company , with the consequence that the business income of the Italian company as derived from the execution of the project is subject to taxation also in the foreign country.<\/p>\n The execution of an international contract almost always also requires the posting of the Italian company’s employees abroad, with the consequent need to properly structure their posting from contractual, tax and social security standpoints.<\/p>\n Read the news (in Italian) on:<\/p>\n