Allen & Gledhill bolsters tax team

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Latest Briefings

Cayman Grand Court hands down decision on master-feeder fund structures

The Cayman Grand Court has handed down a decision that has significance for Cayman master-feeder fund structures. Funds and their advisers should review the redemption provisions in master fund articles of association and partnership agreements to ensure that, operationally, redemptions are being effected in accordance with such documents. Background In the matter of Ardon Maroon […]

Reduction of partial transition compensation for working hours by Supreme Court

By Lucas Hoogervorst, Maureem in Poel The Supreme Court ruled last Friday that, in short, a partial amendment of an existing employment contract in circumstances that have to be borne by the employer, may result in the payment of a partial transition payment. This concerns the special case that, due to circumstances, is forced to proceed […]

Prinsjesdag- Tax plan 2019

The government submitted the Tax Plan 2019 and related legislative proposals to the House of Representatives. A number of parts of these legislative proposals that may be relevant include: 1. Change of rates in corporation tax, income tax and VAT 2. Limiting depreciation possibilities buildings in own use 3. Limitation periods for loss settlement in corporation […]

Prinsjesdag 2018- Indirect taxes

The government submitted the Tax Plan 2019 and related legislative proposals to the House of Representatives. A number of elements of these legislative proposals that may be relevant include: 1. Increased VAT rate reduced from 6% to 9% 2. Extension of VAT sports exemption 3. Implementation E-commerce Directive 4. Modernization small entrepreneur scheme

2019 Dutch budget

The 2019 Dutch Budget (the Budget) includes a proposal to abolish the existing dividend withholding tax, replacing it with a withholding tax on dividend payments to related entities in low-tax jurisdictions and in cases of abuse as of 1 January 2020. In a separate proposal, implementing the EU Anti-Tax Avoidance Directive (ATAD1) new rules are […]

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Lovells wins sex discrimination case for Merrill

Lovells has successfully defended a sexual discrimination claim against Merrill Lynch brought by former banker Stephanie Villalba.Villalba was claiming a record £7.5m against the investment bank, alleging that she had failed to win promotion and had been paid less because of her gender. The employment tribunal in Croydon today (22 December) dismissed the claim.The tribunal […]

Mallesons flies in new London chief

Australia-based Mallesons Stephen Jacques is relocating Sydney-based partner Rowan Russell to head the firm’s London office. Russell’s appointment as Mallesons’ London senior partner will become effective from the end of this month. His move will also further enhance the firm’s corporate finance and capital markets capability in London. Commenting on the move Mallesons’ chief executive […]

Pinsent Masons denied access to Home Office ID card advice

The government is insisting that the ID cards bill being debated in the House of Commons today is compatible with human rights legislation. The government moved to confirm its position following revelations that it has banned the release of advice given to it by the attorney general Lord Goldsmith. The Home Office’s decision to ban […]

2005 QC hopefuls face six month delay

The names of new silks for 2005 are not expected to be announced until next Autumn.Traditionally, new Queen’s Counsel have been appointed in April.Hopefuls will now though be given until Easter to make their applications.The Bar Council insists these are still provisional dates as ultimately the timetable will be determined by an independent selection panel.The […]

Lovells institutes major partner redundancy programme

Lovells’ management has pushed through a major redundancy programme which will see as many as 25 partners leave the partnership completely, with more de-equitised or taking early retirement. Some of the 25 will be volutantary departures, but the overall review is expected to affect up to 35 partners globally. Other partners will be given warnings […]

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