Trucks are larger and heavier than other vehicles on the road and given the number of commercial trucks driving especially on the highway over the speed limit, truck accident victims can experience life-threatening injuries or even death. According to the U.S. Department of Transportation Federal Motor Carrier Safety Administration Analysis Division, the number of people dead in truck, 18-wheeler and tractor trailer accidents occupy a fair percentage of the total number of people who lost their lives in vehicle crashes. Furthermore, many people get injured in truck accidents every day. 

Significance of Filing a Truck Accident Lawsuit 
While a compensation (in any amount) can heal the wounds, it can definitely provide the financial resources required to afford the right medical treatment, cover the lost wages during the time of recovery and give financial stability to the family at present and in future. In order to obtain all these, the plaintiff requires filing a lawsuit without which, he cannot claim to collect his damages. A truck accident attorney can come to help at this time. The attorney will provide you legal help by taking certain crucial steps like the party/parties responsible for the accident and also who should bear the financial responsibility for the injuries sustained in the crash. 

Have you incurred injuries due to a 18-wheeler accident in Texas? If you want to take legal action against the offender, you need to hire a 18-wheeler accident attorney. You will be able to know the significance of filing a truck accident lawsuit from the professional. There are many 18 wheeler accident lawyers in Texas so, you should ensure to choose the most qualified and experienced one. 

Claiming for your Damages 
On the basis of the circumstances of your 18-wheeler accident case, you may be able to file a personal injury lawsuit against any/all of the following: 

The vehicle operator- speeding up, driving for longer hours, inaccurate inspection of the vehicle and driving under the influence of alcohol (DUI) are the things that truck drivers most often do. These can lead to dangerous accidents. 

The owner of the truck- many trucking companies hire truck drivers who are not trained adequately. Poor maintenance of trucks is also something done by these companies. 

The insurance company- the law states that a truck company must carry a minimum amount of insurance (much higher than that of the common modes of transport). Its importance is recognized when a victim sues the company for claiming personal injury in an accident.

This article was written by David Anderson, associate of LLPO Law Firm

According to Companies Law (Amendments) (No.3) 2012 and 2013 voted by the Parliament, amendments were enforced in relation to the fixed annual levy of Euro350 for companies. With the amendments the annual levy of Euro350 has been imposed to all Cyprus companies. 

More specifically, the amendments made are as follows: 

1. All Cyprus companies, either dormant or not, (or group of companies) which do not hold any assets, or which hold assets which are situated in occupied areas of Cyprus should pay the amount of Euro350 as from the year of its registration. Companies, which are under the procedure of liquidation or winding up by 29th March 2013, are excluded. 
2. In the case of groups of companies, the total amount of levy to be paid by all companies will not exist the amount of Euro20,000. Such amount shall be spread equally between the companies of the group.
3. The deadline for payment of the duty for the year 2012 (for companies exempted under the original provisions) is extended to 29th March 2013 
4. For the year 2013 and any subsequent year the levy must be paid not later that 30th June of each relevant year. 

Finally, the barrier was lifted as the two countries signed an agreement to be ratified for the avoidance of double taxation. Double taxation is perhaps the most vivid example of a barrier in international relations and economic cooperation, arguably, an unfortunate remnant of the past. Cyprus and Spain signed on 14 February 2013 an agreement to be ratified for the avoidance of double taxation. The new agreement is the result of strong governmental resolution to seal the cooperation bond between the two countries. The agreement was signed at a ceremony held at the residence of Spain’s Ambassador in Nicosia, Ana Salomon Perez and during the addresses of the representatives of the two countries one could certainly realize that we are entering a new era of cooperation, trade and investment between the two countries.

LLPO has a long-standing cooperation with professionals and investors in all major cities in Spain. We literally witnessed the 2006 policy of the Spanish Authorities to reject any private commercial utilization of the structures of the two countries in a single transaction and a unified tax treatment. Even after the amendment of this irrational policy and Cyprus reinstatement from such treatment, back in 2009 we dealt with the commercial difficulties investors and traders faced in attempting to enter into transactions resulting in the moving of funds or services form one country to the other, whereby to benefit from Spain’s participation exemption regime, the taxpayer ought to have been able to demonstrate that there were valid economic and business reasons for operating through a Cypriot company.

As Spain’s Ambassador in Nicosia stated this important new agreement “…will certainly facilitate investments from Spain to Cyprus and from Cyprus to Spain and strengthen economic relations between our two countries”. As she noted “the Spanish authorities showed a considerable amount of flexibility in order to reach an agreement”, expressing the gratitude of the Spanish government particularly of the Minister of Finance and the Minister of Foreign Affairs who made major efforts to complete all necessary domestic procedures so that the signatures could take place before the term in office of Minister of Finance Vassos Sharly and the current government came to an end.

The Cypriot Finance Minister Mr. Vassos Sharly on his part said that “what you need is a commitment that you believe in what you are doing and everything else falls into place”. He said that double tax agreements do not progress simply because you have commitment but you need a partner and in this context “we had a very good partner to work with. We did it and we are doing a lot but we need friends and in Spain we have a very good friends which we always believe in and I hope that this relationship will develop from a double tax agreement at the moment to become a great strength in the relationship between us”, he noted.

LLPO consistent in our pledge to exceed our clients’ expectations, all these years we maintained very close cooperation with Spanish professionals and upgraded our professional network. That’s why LLPO has an extra reason to welcome this long awaited development. Cyprus and Spain may now share each other’s incentives and resources in order to afford traders and investors the freedom to utilize the advantages of each country’s opportunities, without having the concern of the imposition of double taxation. 

LLPO and its expert network are ready to facilitate investors’ and clients’ decisions. , ¿Vamos?