For well over a decade the majority of ELC's international transactions catering for the needs of its foreign private individuals as well as foreign corporate entities, are carried out smoothly and efficiently. As of April 1, 2008 we are proud to announce the setting up of a direct communication and compliance system, through our partners around the globe, aiming to optimize the solutions offered seamlessly and in accordance with the local legal requirements and those of the individual client's country or region. We have been working for over a year on the implementation of this complex, yet very sophisticated system and we are proud to be able now to propose it to our international clientele. As this dual compliance mechanism is neither always possible nor automatically applicable, we would be happy to check upon its applicability and discuss it with you prior to your mandate.