Financing

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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 […]

Recommended

Tips for top-up

Anthony Falcon has some suggestions for improving cover. Anthony Falcon is chair of Anthony K Falcon. There is an enormous difference between the contributions the Solicitors indemnity fund demands and the rate the commercial market could charge. As an example, one firm due to pay the SIF £250,000 for the primary £1m and facing £100,000 […]

Improving the risk

Risk management is just one of the tactics firms could use to reduce excess insurance costs, says Leo Schulz. Leo Schulz is a freelance journalist. Spiralling Solicitors Indemnity Fund (SIF) premiums have helped focus the minds of many lawyers on the pitfalls of professional indemnity insurance (PII). In May, the Law Society Council was asked […]

Head of IBA says sorry to Sri Lanka

International Bar Association president Desmond Fernando PC has apologised to the Sri Lankan judiciary after it objected to his attack on the country’s controversial criminal defamation law. Fernando launched his attack after a newspaper editor was convicted of criminal defamation. But his calls for the law to be abolished were condemned by the Sri Lankan […]

Financing

Gold Mann & Co acted for AIM-listed software developer AFA Systems on its £2.4m placing and open offer of new ordinary shares to raise working capital for product development. Speechly Bircham advised the underwriter

Simmons in Fried Frank joint venture

Simmons & Simmons is aiming to compete with the leading UK firms in international securities by forming a London-based joint venture with New York practice Fried Frank Harris Shriver & Jacobson. The venture – to be called the International Securities Unit – will be based in Simmons’ London office. It will be staffed by one […]

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