Business as usual after Mandy’s mandate

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Latest Briefings

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 […]

Developments in the Swiss securitisation market in 2017-18

By Lukas Wyss In July 2017, BMW (Schweiz) AG closed a new public Swiss auto lease ABS transaction. The transaction features the issuance of €325m Class A Floating Rate Notes via BMW’s Luxembourg platform Bavarian Sky Europe S.A. (acting in respect of its Compartment Swiss Auto Leases 2). This was one of the first Swiss public […]

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Milbank suffers 16 per cent profit drop

Milbank Tweed Hadley & McCloy has posted a double digit drop in average profit per equity partner (PEP) along with a 3 per cent fall in total revenue for the 2008 financial year. The New York-headquartered firm’s PEP fell from $2.53m in 2007 to $2.1m, at 16 per cent one of the most significant reductions […]

Normal service resumed?

Bernard Madoff may have picked the worst possible time to reveal the extent of his fraudulent practices, but as Jeremy Walton reports, a resulting reboot could be just what the funds industry needs Waves from the tsunami that was the ‘Madoff fraud’ have washed ashore in Bermuda, the British Virgin Islands (BVI) and the Cayman […]

Challinors banks on fraud for revenue boost

Midlands firm Challinors has set its sights on breaking through the £20m turnover barrier, ­setting an ambitious revenue growth target of 75 per cent by the end of the 2009-10 financial year. The firm expects to post a revenue of £13m by the end of the current year, with a booming fraud and white-collar ;crime […]

OPINION: The Supreme Court is moving to mirror society

Next October (if the building works are finished in time) the Law Lords will move across Parliament Square and become Supreme Court justices. The ostensible reason for this ­unnecessary change is the separation of the judiciary from the legislature and from ­government, but the truth is that there was already such separation in practice. There […]

DLA Piper shows its mettle in Emea, Asia

DLA Piper’s Europe, ­Middle East and Africa (Emea) and Asia businesses posted strong revenue growth in the 2008 calendar year, with turnover rising 16.2 per cent on 2007’s figure. At the end of 2007 the firm’s ­businesses in Emea and Asia posted a ­combined ­revenue of £503m, with that figure rising to £584.9m during 2008. […]

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