Allen & Overy’s Belgian tax practice wins International Tax Review award

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Latest Briefings

Sentencing Council publishes gross negligence manslaughter definitive sentencing guideline

The penalties imposed on individuals for fatal accidents in the workplace are set to increase after the Sentencing Council for England and Wales published its definitive sentencing guideline for gross negligence manslaughter. Walker Morris health and safety experts, Stuart Ponting and Robert Starr, consider the new guideline and the implications for employers and directors…

Energy Update – August 2018

This energy update includes the following white papers: CMA publishes final report on Heat Networks calling for new regulation The first National Infrastructure Assessment is published recommending growth in Green Energy NAO report on package recycling Update on Electric Vehicles Amendment Regulations 2018 – in force 24 July 2018 The Mayor of London’s Energy Efficiency […]

Will the revised NPPF lead to more affordable housing?

By Katherine Evans On 24 July 2018, the long-awaited revised NPPF was released. The omission of social rented homes from definition of affordable housing in Annex 2 of the draft revised NPPF has been addressed. Starter Homes are now included in the definition but secondary legislation is still required to set out financial eligibility for […]

Luxembourg publishes law on VAT grouping

As foreseen in our previous newsflash, the law on VAT grouping has officially been published, last Friday. The text – which provides for an entry into force on 31 July 2018 – modifies the general VAT Law. It now enables Luxembourg entities sharing financial, economic and organisational links to set up a VAT group, thus allowing them to […]

Reform of the Portuguese pricing and reimbursement system

By Edward J. Dougherty Following a recent reform in 2015, the Portuguese pricing and reimbursement system is sophisticated and comprehensive. Nevertheless, substantial discretion is allowed to the competent national authority, and this is the source of most challenges for innovators…

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London
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Sullivan boosts finance and restructuring with Linklaters’ Howard

Linklaters banking and restructuring partner Chris Howard is leaving the magic circle firm to join Sullivan & Cromwell’s London office. Howard joins the US firm two and a half years after rejoining Linklaters from Freshfields Bruckhaus Deringer (22 November 2010). Recently he has led the firm’s work on a raft of high-profile restructurings, advising the […]

Yahoo

Simpson Thacher and Gunderson lead Yahoo! purchase of Tumblr

Simpson Thacher & Bartlett has taken a lead advisory role alongside Silicon Valley firm Gunderson Dettmer Stough Villeneuve Franklin & Hachigian on Yahoo!’s acquisition of blogging site Tumblr for $1.1bn in cash. Simpson Thacher’s team for Yahoo! was led by New York corporate partner Gary Horowitz alongside a Palo Alto group including corporate partner Kirsten […]

Marks & Spencer’s week in court

What a week it’s been for Marks & Spencer. The retailer posted a drop in profits on Tuesday despite a rise in sales over the last twelve months prompting chief executive Marc Bolland to declare that the future lies in cyberspace and not on the high street. Ironic then that on the same day the […]

Walker Morris employment partner speaks at Yorkshire event

More than 250 delegates from Yorkshire companies heard how the government’s programmes and plans to improve employment and employability are being pioneered by businesses in the Yorkshire district at the event hosted by Inspired Neighbourhoods CIC, held at Morrisons’ Head Office in Bradford on 16 May 2013. Walker Morris employment partner Andrew Rayment highlighted the […]

Regulating the late payment of commercial debts in the UK

Prompt payment is critical to the cash flow of every business. The Late Payment of Commercial Debts (Interest) Act 1998 (the ‘Act’) therefore implies a term into contracts supplying goods/services between businesses (including public authorities), that “qualifying debts” carry simple interest at a punitive rate (“statutory interest”). Statutory interest starts to accrue, if payment has […]

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