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Latest Briefings

Tax ruling by Luxembourg to McDonald’s Europe franchising did not involve illegal state aid- European Commission

On 19 September 2018, the European Commission concluded that a tax ruling granted by Luxembourg to McDonald’s Europe Franchising did not constitute illegal State aid. The Commission acknowledged that Luxembourg had correctly applied the Luxembourg-United States tax treaty. While this decision concerns an individual case, it suggests that State aid rules are not an appropriate […]

Energy tax matters – Prinsjesdag 2018

The Budget Day Package 2018 contains a separate bill (‘Fiscal greening measures 2019’) with measures to reduce CO2 emissions. The proposal includes, among other things, the following changes in energy tax: Promoting electrification: shifting energy load from natural gas to electricity. The tariff in the first disc for natural gas is increased by EUR 3ct / m2, […]

UK real estate and competition law – An insight

By Samuel R Beighton On 18 September 2018, the UK’s Competition and Markets Authority (the “CMA”) announced that Heathrow airport (“Heathrow”) will pay a fine of £1.6 million in relation to an infringement of UK competition law arising from a restriction included within a commercial lease. Importantly, this case marks the first occasion that the CMA […]

Pre-purchase inspection is not a warranty

By Sandra Lando, Julie Djiezion For several years, there have been calls by some associations, including the Québec Association of Building Inspectors, for oversight of the work done by pre-purchase inspectors. On June 12, 2018, they resulted in the introduction of the Act mainly to improve the quality of buildings, the regulation of divided co‑ownership and the […]

Introduction of remediation agreement in Canada

By Glen Jennings, Matthew Doak The time has now arrived. A mechanism is finally in place in Canada that will allow for a better process to resolve criminal offences for corporations. In response to a consultation that ended in November 2017, the federal government introduced legislation amending the Criminal Code to allow for remediation agreements (better known as […]

Recommended

Berwin Leighton

Berwin Leighton advises on Belfast city centre redevelopment. Department of Social Development in Northern Ireland, advised by Berwin Leighton (Tim Hellier).

A vew from Australia

With seven years of aggressive economic growth under their belts, the governments of Australia, at all levels, have been promoting the country – and in particular Sydney – as an opportunity for the establishment of regional and financial centres supported by a strong and transparent regulatory regime. In support of this, the New South Wales […]

Financing

Issuer: Deutsche TelekomAdviser to issuer: Cleary Gottlieb Steen & HamiltonUnderwriters: Goldman Sachs

Barracuda

Barracuda and PPM Ventures buy Ambishus Pub Company for £38.2m. Barracuda and PPM Ventures advised by Clifford Chance (Simon Tinkler). Ambishus represented by CMS Cameron McKenna (Andrew Sheach). The Bank of Scotland provided senior debt, advised by DLA (Philip Butler).

REAL ESTATE

Morgan Stanley completes $462m (£317.3m) loan for six limited partnerships part-owned by MEPC and Westfield. Morgan Stanley advised by Denton Wilde Sapte (Mark Menhennet), MEPC advised by Linklaters, Westfield advised by Nabarro Nathanson.

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