Attention Fast Draft users! Due to the launch activities of the new Fast Draft (go live 12 December) any changes made to the contacts in your Address Books made on Sunday the 11 of December will not be saved. The contents of your Address Books will be available as usual in the new Fast Draft.
This article considers the rights of investors in real estate in Japan to control and receive economic distributions from a project. It concentrates on how these rights apply in relation to three structures: the TMK, TK-GK, and J-REIT. It also considers whether each of these structures is suitable to be used in one, or in multiple projects. This article is part of the global guide to corporate real estate law www.practicallaw.com/realestate-guide.
The Swiss Federal Act on Acquisition of Real Estate by Persons Abroad (the so-called Lex Koller) restricts the acquisition of Swiss residential and other non-commercial real estate by foreign (non-Swiss) persons. Since its inception in 1983 (similar laws existed as from the 1960s) the Lex Koller has been liberalised in several aspects. However, it has been highly debated in recent years whether the Lex Koller should be abolished altogether or made even stricter. This article examines: the liberalisation of the Lex Koller over time; the significance of the Lex Koller for transactions; and when the Lex Koller rules apply. This article is part of the global guide to corporate real estate law www.practicallaw.com/realestate-guide.
The use of international finance centres, including the British Virgin Islands, as asset holding vehicles for cross-border investment is a well-trodden path in the global economy. The popularity of the use of such vehicles is driven primarily by their low administrative costs, flexible corporate framework, creditor friendliness and compliance with international standards. This article focuses on the advantages offered by the use of British Virgin Islands companies and the positive impact of these on deal costs, and the cost and ease of ongoing maintenance and governance. This article is part of the global guide to corporate real estate law www.practicallaw.com/realestate-guide.
This table summarises transfer tax and notarisation rules applied to the sale of real estate in jurisdictions worldwide. Click on each jurisdiction to see the full answers and to check the law stated date. This table is part of the global guide to corporate real estate. For a full list of jurisdictional Q&As visit www.practicallaw.com/realestate-guide.