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Corporate news
Publication | March 2018
Expiration of corporate obligations
In order to keep our clients informed, we are pleased to remind you about the fulfillment of the following corporate obligations in the month of March.
Mercantile Registry Renewal
- Due date: March 31, 2018.
- Entity that verifies compliance: Chamber of Commerce of the domicile of the Company.
Ordinary Shareholders Assembly Meeting
- Due date: March 31, 2018.
- Entity that verifies compliance: Superintendence of Companies.
- Scope of the obligation: Hold an ordinary meeting of the Shareholders Assembly to approve the management report, certified and audited end-of-year financial statements and the profit distribution project (if applicable).
Filing of general purpose financial statements
- Due date: Within the month following to the approval of the financial statements
- Entity that verifies compliance: Chamber of Commerce of the domicile of the Company.
- Scope of the obligation: General purpose financial statements must be filed before the Chamber of Commerce or in some cases in the Superintendence of Companies with all its notes and opinions related to them.
If you have any concerns or require special advice on any of these issues, please do not hesitate to contact us and we will gladly assist you in these matters.
Recent publications
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IMO 2020 is almost upon us. Readers are well aware of the impending switch to 0.5 percent fuel mandated by Annex VI of MARPOL which will cause an anticipated drop in HSFO demand, the potential hazards of new untested LSFO blends, the concerns around scrubber operations, the debate over open loop versus closed loop, and the myriad of other risks associated with the impending regulatory change.
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