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Top 6 Reasons You Need A Lawyer

Lawyers have a unique duty as professionals to stand up for their clients or plaintiffs when legal issues arise. They can assist you in getting out of bad situations such as divorce, Driving Under the Influence (DUI) violations, and loss of job. Different lawyers have their expertise in a particular area. Some examples of these areas are business, crime, tax, and family, to name a few.

Not all situations require a lawyer, such as going to small claims in courts and issues with a speeding ticket. Although there are moments when one needs to call them as it can result in the loss of claims, broken agreements, and jail time. These are moments that you should not undermine as there are consequences. Overall, you might ask yourself, do I need a lawyer? Even if many law firms will help you to address your particular concern, read below to know why hiring a lawyer is a must.

Male Notary lawyer or judge consult or discussing contract paper

Male Notary lawyer or judge consult or discussing contract papers with Businessman client in office, Law and Legal services concept

1. Helps You In Business Problems

There are many reasons to hire a lawyer who specialises in business. First, they could help you in times of disputes related to contracts between businesses by acting as litigators. They also help protect the company in the long run by giving advice even before certain problems could arise. One example is providing tips on the best business formation suitable for your company, such as choosing whether to be a corporation, a sole proprietorship, or a partnership.

The third reason is that they can help you with compliance issues like hiring practices and employment regulations. Also, the last reason among others is that they allow you to deal with taxations properly. This is important as following tax laws can be complicated, and lawyers can be a huge help to address this complexity.

The given examples that provide reasons to hire a business lawyer show that your business will gain a lot from their assistance.

2. You Committed A Crime

It’s sometimes hard to traverse the consequences of a crime on your own. Jail time, loss of certain rights like driver’s license, and charges are examples of these consequences, and sometimes some individuals fail to have a fair trial. Those moments are the time when criminal lawyers set in. Criminal lawyers specialise in defending companies or individuals who committed violations such as murder or fraud throughout the stages of a criminal case.

Having a lawyer could ensure that a defendant will gain a fair trial and that his rights will be protected. These lawyers also can minimise the penalties related to the crime of a person or company. They can also prevent charges such as fines, court expenses, and other miscellaneous fees. Overall, they should be hired when there’s a crime as they know how to navigate through the legal system.

3. There Is A Family Issue

Family issues such as divorce, emancipation, or ending the parent’s duty to give child support, and adoptions happen in some families. These things can be complicated and can sometimes lead to further legal troubles. That’s why family lawyers exist to manage the legal issues that arise between family members.

Furthermore, these lawyers have different issues that they can address. One example is that they have the responsibility to look after the testament and estates of a specific person. They make sure the estate is properly distributed among the beneficiaries. Family lawyers also help in navigating the family laws related to adopting a child. They assist a person by connecting with adoption agencies on their behalf and negotiating fair terms with the biological parents.

4. They Have a Strong Network

A good lawyer can communicate with different individuals who can assist with a person’s case. Professionals of all types, such as officials in various government agencies and experts in a certain field or those with multiple specialties are examples of these networks.

One scenario in which a network of individuals is needed is when the client requires evidence to present in court. Non-attorneys can’t have those individuals that will assist a person and the only way to have proof is to contact a lawyer. This lawyer might contact an official like a police officer to gather reports regarding the incident that happened. They could also seek second opinions from previous clients that they have worked with as long as it could be beneficial for your case.

5. They Can Deal with the Issue in an Objective Way

Injuries and harm caused by another person can lead to emotional turmoil. A person can feel afraid, shocked, and angry, leading him to behave based on one’s emotions alone. This type of emotional turmoil hinders a person when facing a case, such matters must be dealt with rationality and objective thinking. Lawyers are adept at this type of thinking and they can prepare the right actions on how to deal with a particular case.

6. They Will Help You With Debt Settlement

Incidents like automobile accidents or sickness always cost money and sometimes the person involved can’t pay instantly. This type of situation is where debts can occur and debt can result in worries. Debt settlement lawyers specialise primarily in these scenarios as they can help you lessen some of your outstanding obligations or negotiate with your creditors.

There are many ways that you can pay a debt settlement lawyer. You can pay them per case, per hour, or through contingency fees. Overall, these payments are more than enough compared to the further costs and charges that can be applied to you. This usually happens once you fail to provide enough money to creditors or provide enough reasons for not paying.

Conclusion

There are various lawyers, each with its specialties. They have the responsibility to represent you in legal proceedings. Moreover, they have the proper knowledge to advise you on what to do legally in different areas of life, including business, debts, family issues, and crimes. As they are versatile in lawfully dealing with various matters, one should not avoid having them as they are not there to aggravate the legal problems. On the other hand, they’re there to help you and minimise such pertinent issues.

10 Reasons to Invest in Yucatán

SOURCE: Ministry of Economic Development for the State of Yucatán

By: Thomas Wolff, Mérida, Yucatán, México

Tel: (+52) 9991 09 11 58
Email: [email protected]

1. Strategic location in south-eastern Mexico

Yucatan borders the Gulf of Mexico to the north and west, with 378 km. of beautiful white-sand beaches and crystal-clear waters; it borders Campeche to the southwest, and Quintana Roo to the east and southwest. Merida, the state capital, is the hub of the most-developed business, financial, technology, medical and educational services in the southeast.

In addition, Yucatan has an important advantage due to its proximity to Cancun and the Riviera Maya. This opens an excellent opportunity for companies that set up business in Yucatan, providing an opportunity to be hotel, restaurant, shop and shopping mall suppliers for the area, taking further advantage that installation and operation costs in Yucatan are less than in those regions with high tourist traffic.

2. Considered the safest state in Mexico

It is the safest state in Mexico. Unfortunately, when one hears people talking about Mexico these days, the first thing that springs to mind for a foreigner is unsafe conditions. The fact is that, although there are states in the country with a high level of unsafe conditions, Yucatecans are proud to say that Yucatan, far removed from being one of those states, is even located hundreds of kms. from them.

Yucatan is the safest state of the country, according to the National Survey on Unsafe Conditions (June 2021) (Encuesta Nacional Sobre Inseguridad, or ENSU in Spanish). The index of unsafe conditions in our state is much lower than any other city or place in America and even less than many cities in the United States.

3. Job stability and skilled manpower

Currently the state of Yucatan offers eleven Associate Degree (or Higher Technical Degree) level programs, 221 Bachelor’s Degree programs, 18 Bachelor’s Degree in Education programs, and 100 postgraduate programs.

Source: Universidad Autonoma de Yucatan : Rankings, Fees & Courses Details | Top Universities

Source: All 6 Universities in Merida | Rankings & Reviews 2021 (universityguru.com)

In addition to its skilled workforce, Yucatan offers cheap labour, as it is located in the area of the country offering the lowest minimum wage. With rising labour prices in China, entrepreneurs and investors (in particular those from North America) have once again set their sights on Yucatan, becoming yet one more reason to make the region a compelling place for setting up their businesses.

Source: Mexico Minimum Wage – World Minimum Wage Rates 2021 (minimum-wage.org)

Source: Mexico to Increase Minimum Wage by 15% on January 1 – The Yucatan Times

Source: Employment in Mexico – Yucatan Expatriate Services Yucatan Expatriate Services

4. The Port of Progreso for export and import

Progreso is the most important port in the state, the gateway from anywhere in the world. The base of an important fishing industry and thanks to its impressive Puerto de Altura (a viaduct which delves into the sea some 6.5 km gaining depth and thus enabling large ships to dock), Progreso is a strategic center for exporters and importers, as well as for the arrival of cruise ships.

Source: PUERTO DE PROGRESO. Administración Portuaria Integral de Progreso. (puertosyucatan.com)

Source: Port of PROGRESO (MX PGO) details – Departures, Expected Arrivals and Port Calls | AIS Marine Traffic

Source: Progreso – APM Terminals

5. First-world flight connection network

Yucatan has two airports: Merida’s International Airport “Lic. Manuel Crescencio Rejon y Alcala” is the most important due to the number of passengers it transports and the cargo it handles; the second airport is the recently reopened Chichen Itza International Airport, located in Kaua Yucatan, close to the archaeological site of Chichen Itza.

Yucatan has two direct international flights: one to Miami and one to Houston, the latter is a city from where a traveller can make a connection to virtually anywhere on the map. As if this were not enough, with less than a 2-hour flight to Mexico City, one can connect to not only anywhere in the country but also the world; and 3.5 hours from Merida is the Cancun International Airport where there is an infinite number of direct international flights.

6. Land availability

In Merida as well as other areas of the state you can find a variety of colonial homes and residential developments with all the utilities available (water, electricity, telephone, cable, Internet, etc.). Some of these are private and include parks, golf courses and access to exclusive commercial complexes.

Source: Why Invest in Yucatan – Own Mexico

One of the most recent and exclusive residential developments is the Yucatan Country Club, a real estate project that envisages the construction of homes, artificial lakes, an 18-hole golf course, a PGA-standard Nicklaus Design golf academy (the first of its kind in Latin America), a 5-star hotel and a shopping mall.

Source: Yucatan Country Club (vivecountry.mx)

Source: Yucutan Country Club – Golf in Mexico near Merida (next-golf.com)

In addition to housing and residential developments, there is also land available both in Merida and on the outskirts of the city, as well as in other municipalities of the state.

Source: Yucatan Lands: Properties for sale a round to Valladolid, Yucatan, Mx

Source: Land for Sale in Yucatan – Find Nearby Lots for Sale | Point2 (point2homes.com)

7. An abundance of natural resources

Our state has exotic and beautiful natural attractions, including an extensive beach coastline, from Celestun to El Cuyo. There is a great diversity of flora and fauna, like the famous flamingos; caves such as Loltun and Calcehtok; and the cenotes (underground rivers), reservoirs of fresh, crystal-clear water.

Source: 10 Best Merida Mexico Beaches in the Yucatan Peninsula (traveltomerida.com)

Source: Loltun Cave – Wikipedia

Source: Yucatán – Adventure and nature – Calcehtok Caves | Yucatán.Travel (yucatan.travel)

Source: Yucatán – What to do – Adventure and nature – Yucatán.Travel (yucatan.travel)

All this makes Yucatan the ideal place to spend entire seasons resting and relaxing, or exploring and venturing on an ecotourism tour.

8. A quality of life that is unsurpassable in the country

There is no rush in Yucatan. Life is relished in a very different way than in the cosmopolitan cities in the central region of the country, away from the stress and noise that characterise them. But at the same time, this peace integrates perfectly with an infrastructure of educational and health services unparalleled in the southeast region.

Source: Study by UN-Habitat, Infonavit ranks Mérida No. 1 for quality of life (mexiconewsdaily.com)

Yucatan boasts a wide network of financial services, as well as cultural activities, recreation areas and a wide variety of options to meet the consumer needs of the citizens, like for example, the wide variety of car dealerships that exists in Merida.

Source: 6 Authentic Cultural Activities In Mexico’s Yucatan Peninsula : Epicure & Culture (epicureandculture.com)

9. Access to international markets and export products

Yucatan is the closest point in Mexico to Europe as well as a natural platform for shipping goods to Central America and South America.

Moreover, as mentioned above, the Port of Progreso, which is just 32 km from the city of Merida, opens the door to the world and allows receiving and shipping of all kinds of products for import and export.

10. State support to facilitate setting up new companies

The Ministry of Economic Development offers various incentives and help or assistance targeted at investors interested in the state, including the following:

  • Assistance/Service for investors visiting with a business agenda;
  • Liaison with local businesses to purchase supplies/raw materials;
  • Management facilities for searching and obtaining land and industrial buildings;
  • Orientation and management for obtaining federal, state and municipal permits;
  • Advisory services on funding and government support programs for industrial development;
  • Promotion and organisation for attending national and international events;
  • Other support according to the investment project.

The Nairobi Securities Exchange Launches New Trading Platform

On 17 December 2020, the Nairobi Securities Exchange (the NSE) launched an Unquoted Securities Platform (the USP). The USP will function in accordance with its operational guidelines (the Guidelines) published on 11 December 2020. The Guidelines are available here.

The USP is an over the counter securities platform that utilises broker-dealer networks for the trade of securities. It has less stringent listing requirements and issuer obligations have opened a viable alternative for unlisted companies to access capital markets and long-term funding as issuers are enabled to raise finance through private placements. The USP also provides a boost to institutional and retail investors as it provides investors on the platform an accurate free-floating price of the securities of unlisted companies.

Key Considerations for Issuers

For admittance onto the USP, prospective issuers of the USP securities must meet the eligibility requirements of the Management Committee appointed by the NSE. The eligibility requirements are listed in the Guidelines, with the key requirements being, among others, the incorporation status of the issuer, articles of association amenable to USP securities and details of the board and management of the issuer. However, the eligibility requirements are non-exhaustive and the Management Committee may request further criteria as deemed necessary.

A prospective issuer will also need to appoint a registrar, to maintain a record of beneficiary holders of securities, and a custodian (licensed by the Central Bank of Kenya) for the safekeeping of USP securities, cash and other assets on behalf of the investors. Once the application documents have been submitted, the Management Committee will relay their decision to the prospective issuer within twenty-one (21) days.

If an application is accepted by the Management Committee, the issuer will have continuing obligations to the NSE, including disclosure requirements, which entail the disclosure of all material information in relation to the issuers business, financial statements and copies of notice of AGMs and EGMs. Additionally, issuers will be under an obligation to avoid the events of default under the Guidelines, such as: failure to distribute declared dividends and non-payment of interest of USP securities in accordance with the published timetable. Failure to meet continuing obligations may result in the suspension or expulsion of the issuer from the USP.

Key Considerations for Investors

To start trading on the USP, investors must be registered to an NSE authorised USP Trading Participant Agent (broker). In order to register with a broker, individual investors will be required to provide the broker of their choice with their full name, identity documents, contact details and passport (if they are foreign nationals). Investors that are entities will need to provide the broker with documents, such as, among others, the legal status and constitutive documents of the entity, board resolutions allowing the entity to invest and the identities of the directors.

Each investor authorised to trade on the USP is furnished with a unique USP securities trading account with a unique Trade Identification Code. The USP is open for trading on working days from 0900Hrs to 1500Hrs and investors can trade freely within this period. Trades made after the closing of the USP will be transacted at the next opening of the platform.

Investors will need to consider the maximum order size as trades over this limit will require prior disclosure with the NSE. In accordance with the Guidelines, trade volumes that exceed 20% of the total free float of an issuers USP securities will have to be disclosed to the NSE a day prior to the transaction.

For further information please contact Benedict Nzioki or Walid Khan.

PwC reports global revenues up 3% to US$43 billion

For the 12 months ending 30 June 2020, PwC firms around the world had gross revenues of US$43 billion – up 3% in local currency and 1.4% in US dollars.

During the first nine months of FY20 to the end of March, revenues grew by nearly 7% over the same period last year with increases across all lines of business and in every major market. From April to June, revenues were significantly impacted by the lockdown and subsequent slowing economies as countries around the world fought the COVID-19 pandemic. Compared to the same three months in 2019, revenues were down from April to June 2020 by 6%.

“First and foremost the COVID-19 pandemic has been a human tragedy that has deeply affected the lives of many people around the world including members of our PwC family, their relatives and friends and our heartfelt condolences go out to all those who have lost loved ones,” said Bob Moritz, Chairman of the PwC Network.

“Since the pandemic struck, our priorities have been the safety and wellbeing of our people, protecting and preserving jobs, and helping our clients and the communities in which we live and work deal with the impact of COVID-19. I am proud of what we have done over the last year and the way our people have adapted quickly to a huge amount of change while at the same time continuing to connect, collaborate and innovate for the benefit of our stakeholders across the world.”

“While the last few months have been very challenging for everyone, we have re-focused our business to help our clients manage the immediate impacts of the pandemic and reinvent their businesses for future success. It has never been more important to provide our stakeholders with high quality services. We have also continued our significant investments in technology and upskilling our people to help build a sustainable PwC for the future. Our investment in technology was borne out at the height of the lockdown when 95% of our 284,000 strong workforce were operating out of the office with no interruption to the service we were able to provide”, added Bob Moritz.

Revenues across the world

In the Americas, revenues rose by 3% with a particularly good performance from businesses in the United States and Canada. Revenues in Western Europe were up by 2%, while in Central and Eastern Europe, revenues grew by 4%.

Revenues from the Middle East and Africa rose by 10% with a strong result from the Middle East where revenues were up 14%. Across Asia, revenues grew by 5% while in Australasia and the Pacific, revenues were down 1% reflecting difficult trading conditions throughout FY20.

Regional growth numbers for the full year FY20 mask the impact of COVID-19, with all regions performing as anticipated up to the end of March 2020 and then feeling the full impact of the economic restrictions caused by lockdowns in the months of April, May and June. For the last three months of FY20, in most markets around the world we experienced declines in revenues compared with the same period in FY19 with falls in revenues of up to 30% in certain countries.

Revenues by line of business

Around the world, our businesses are focused on providing high quality services that help our clients respond to an ever more complex and challenging environment and address current and future opportunities. While all our lines of business continued to grow in FY20, each was impacted by the economic effects of COVID-19 and we expect market conditions to be challenging for all our operations as we go into our new financial year.

Assurance: Assurance remains PwC’s largest operation across the world and our brand defining business, serving key stakeholders and helping to build trust in the world’s capital markets. In FY20, revenues from our assurance operations grew by 3% to US$17.6 billion, driven by continued strong demand for our core audit. As management and other stakeholders seek insight into operations, risks and performance, and to increase confidence and resilience in business, we have seen continued strong growth in our broader assurance services, such as internal audit and governance, risk and controls. Demand for our digital risk solutions has also remained strong as companies look for support as they accelerate their transition to the Cloud. With almost 119,000 professionals, PwC is the world’s largest provider of assurance services.

Advisory: PwC Advisory operations grew by 4% to US$14.7 billion. This growth was driven by high demand across the world for advice on strategy, business transformation and value creation in the first nine months of the financial year. Our advisory business differentiates by bringing together consulting, deals and cybersecurity professionals, and our operations benefited from increased teaming with our tax and risk assurance colleagues to provide a more integrated service for our clients that gives the advice and support they need from strategy right through to execution. PwC Advisory now employs over 71,000 people.

Tax & Legal Services: PwC Tax & Legal revenues grew by 2% to US$10.7 billion, with demand for tax reporting and strategy, people and organisation and legal services in the first nine months of the year offset by the impact of the pandemic in the final three months. Guided by our PwC Global Tax Code of Conduct, the over 55,000 professionals in our Tax & Legal Services teams use their knowledge and expertise to help clients – ranging from individuals to the largest global corporations – to navigate complex and challenging environments, address people and legal issues, and comply with their tax and reporting responsibilities.

The year ahead

“While we adapted quickly to many of the new challenges that the COVID-19 pandemic brought, there is no doubt that the next 12 months and beyond are going to be difficult. Our economists are predicting that the global economy will contract by 5.5 % by the end of 2021 and while different countries will recover at different rates it is clear that the economic downturn will impact us and our clients across the world,” said Bob Moritz.

We are now very clearly focused on a number of priorities.

  • Jobs: Doing the right things to preserve jobs for our people, continue to invest in building the workforce PwC needs for the future, while maintaining the sustainability of our operations. Unfortunately we have seen some job losses in a few markets around the world, particularly in the advisory business, but we are working hard to limit these by containing non-essential costs and investments.
  • Safety and Wellbeing: Where we are returning to office based work, ensuring that our people are safe and comfortable and that we have processes and technologies in place to protect our people in line with relevant safety protocols. And where our people remain working from home, we continue to provide the support that they need to meet the challenges this can bring.
  • Quality: The uncertainty created by the pandemic and its economic impact has placed an even greater focus on the importance of trust in institutions, information and increased transparency. Investing in the enhancement of the quality of all of the services we provide to our stakeholders remains our number one priority, including continuing to invest the US$1 billion we announced last year to drive quality and innovation by making us the most cloud-enabled organisation in the world.
  • Clients: Supporting our clients across the world as they deal with the impact of the pandemic and look to restart operations, repair their balance sheets and rethink their business models.
  • Innovation: Driving and scaling up innovation right across our network and the development of new products and services. As our stakeholders grapple with the challenges of the current economic environment, it is vital that we are able to advise and support them on the best ways to construct sustainable businesses for the future.
  • Upskilling: Upskilling our own people and collaborating with UNICEF in support of Generation Unlimited to help upskill young people across the world has become even more important as the pandemic has accelerated the use of technology and remote working. Despite the economic uncertainty, we continue to invest heavily to help our own people and others better prepare for the new world of work.
  • Diversity and Inclusion: Redoubling our efforts to create a PwC culture where everyone feels valued, listened to and has the opportunity to grow and succeed and taking a leading role in the global dialogue on diversity. We have created our first global diversity and inclusion leadership council.

“The pandemic brought many challenges but it also brought the opportunity to reflect and to some degree rethink the future. How we work together, how we use technology, what real estate we need, whether we need to travel so much, how to innovate, how to connect with our stakeholders and how to prioritise our health and wellbeing. These are all issues that we are actively working on as we think about the PwC of tomorrow,” said Bob Moritz.

The PwC Global Annual Review will be published in October 2020 and will cover in more detail how PwC responded to the COVID-19 pandemic, the work that we do with our clients, stakeholders and the communities where we operate, how we supported our people, the results of our quality inspections and how we are embedding a high-quality culture across PwC, and the actions we are taking relating to important issues such as diversity and inclusion.