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Latest Briefings

Implementation of EU anti-tax avoidance directive

The bill of law to implement the provisions of the EU Directive 2016/1164 on anti-tax avoidance (ATAD) in Luxembourg law was made available on 20 June 2018. Subject to parliamentary approval, Luxembourg will introduce controlled foreign corporation (CFC), interest deduction limitation and anti-hybrid rules. It will also modify its existing general anti-abuse rule..

Portugal: Competition and the right to compensation for damages

Act 23/2018, establishing the legal framework on the right to compensation for damages from infringements of competition law, was published on 5 June 2018. This legislative act transposes into Portuguese law the Directive 2014/104/EU of the European Parliament and of the Council, of 26 November 2014, which established common rules to all Member States on […]

Pimlico Plumbers: the self-employed v brand debate

By Paula Rome The widely reported decision in Pimlico Plumbers emphasises the risks of retaining control over staff. However, such control can be key to protecting an organisations’ brand and reputation in the marketplace. Where does this leave us? What does control mean?

What do employers need to know about whistleblowing policies?

By Antonia Blackwell In this instalment of our ‘Breaking Down the Handbook’ series, we look at whistleblowing policies, why they are needed, what they should contain and what traps employers need to avoid. What does whistleblowing mean?

I’m divorced, that’s it, right?

By Miranda Nairn There is a common misconception that once in possession of a decree absolute (the final decree dissolving a marriage), your divorce is done and dusted and you and your ex-spouse can walk off into the sunset, in opposite directions, never to see or hear from each other again. In fact, unless you […]

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Morgan Stanley and Deutsche Bank are lead managers

Morgan Stanley and Deutsche Bank are lead managers in a concurrent secondary offering of Elior shares and a convertible bond offering by Elior worth euro227m (£160m) and euro130m (£91.6m) respectively. Lead arrangers represented by Cleary Gottlieb Steen & Hamilton (Andrew Bernstein, Fabrice Baumgartner). Elior represented by Willkie Farr & Gallagher.

Freshfields Munich wins B&M corporate star

Baker & McKenzie in Düsseldorf is losing a top corporate partner to Freshfields Bruckhaus Deringer. `Capital markets partner Hans-Jörg Ziegenhain will join Freshfields’ Munich office before the end of the summer.`Specialising in public and private M&A and private equity, Ziegenhain advises a number of leading corporates, multinationals and private equity funds including Degussa, Bewag, Trevira […]

CC Brussels launches tax practice with PwC team

Clifford Chance is launching a tax practice from its Brussels office with the hire of a partner and team from PricewaterhouseCoopers (PwC) in Belgium. `Thierry Blockerye is expected to join Clifford Chance this month and will set up and head the new tax practice. A spokesperson for Clifford Chance said it is not yet known […]

Bonus points

Major change is taking place in the way that law firms reward staff, particularly the rank-and-file fee-earners. Pay rates and reward structures are being imported from US law firms via their London offices, and are leading to changes within City firms. One of the most noticeable changes is the greater use of bonuses.`While profit-sharing schemes […]

Mills & Reeve names Jeffries for top role as Ogilvy is ousted

Cambridge-based law firm Mills & Reeve has appointed a new managing partner to take over from Duncan Ogilvy, who was voted out after six years in office. `Mark Jeffries, who was previously the head of the corporate services group in Leeds and Birmingham, took over the position on Friday (1 June).`Jeffries, who was managing partner […]

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