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Shock, horror! Allen & Overy (A&O) New York managing partner Dan Cunningham was not the firm’s highest paid partner in the last financial year.

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Latest Briefings

Impact of 2019 budget proposals on Dutch’s buyout sector

The Dutch government published important tax measures in its 2019 budget proposals with a potentially significant impact on the Dutch buyout sector. Some of these measures may result in a higher effective tax burden if appropriate action is not taken…

The meaning of occupation in the context of business rates

By Sophie Tracey, Lucy Shepherd In a decision that will be welcomed by property owners, a recent case has considered the meaning of ‘occupation’ in the context of business rates and has decided that the motivation for occupation is not relevant. Background Principled Offsite Logistics Ltd (POLL) applied for judicial review to challenge a local authority’s […]

Overage provisions helping landowners to ensure a fair price for its land

By Bhavesh Amlani, Michael Callaghan Overage provisions are a common feature of the development landscape, helping to ensure that a landowner receives a “fair” price for its land. Introduction Overage provisions give a landowner the right to receive a future payment following the sale of the property if the developer enhances the value of that property. […]

Luxembourg legitimising and embracing blockchain technology

By Bertrand Geradin What is the new securities law about? Since Bitcoin’s blockchain technology entered the mainstream, the crypto-currency market has boomed at an incredible rate. Blockchain – the underlying distributed ledger technology behind Bitcoin – has the power to disrupt many industries, and in particular to revolutionize the security of ownership. Luxembourg has opted to […]

CJEU allows full deduction of VAT on aborted transactions

VAT on abort costs in case of an unsuccessful takeover bid is deductible, provided the buyer intended to supply management services for consideration to the target company. This was ruled by the Court of Justice of the European Union (“CJEU”) in the Ryanair case (C-249/17) issued on 17 October 2018. Facts of the case Ryanair […]

Recommended

A&O US law partner quits for Novartis general counsel role

Swiss pharmaceutical giant Novartis has raided Allen & Overy (A&O) for its new legal chief. Partner Thomas Werlen, who is a member of A&O’s US law group in London, has quit the magic circle firm to join Novartis as general counsel. He is taking charge of a 100-lawyer team in the company’s corporate headquarters in […]

Careers: In brief

The ‘Young Graduates for Lawyers’ scheme, a programme launched in 2003 to encourage talented A-level students from non-traditional backgrounds to pursue a career in law, celebrated the achievements of the first A-level students to complete the scheme. The students came from 25 different schools across London. Linklaters managing partner Tony Angel and Sir Peter Lampl, […]

DLA Piper ally Miranda merges in Portugal

DLA Piper Rudnick Gray Cary’s Portuguese ally Miranda Correia Amendoeira & Associados has merged with banking and tax boutique Luis M S Oliveira. The coalition will see Miranda join up with the Lisbon-based nine-lawyer boutique, which is known mainly for its tax, regulatory and banking practice. As a result of the merger, Miranda’s Lisbon office […]

Kirkland secures improved office space in London’s Gherkin

Kirkland & Ellis has become the latest US law firm to pile into the London landmark building commonly referred to as ‘the Gherkin’ after signing a lease for new premises. The US firm will occupy more than 33,000sq ft of space in the 40-storey skyscraper at 30 St Mary Axe. It will take possession in November […]

Ex-Reading chief leaves Olswang

The former head of Olswang‘s Reading office, Marshall Leopold, is leaving the firm next month. Leopold joined Olswang three years ago when the firm acquired Garretts’ former Reading office. He was the first of the group of eight partners to make equity, while his Thames Valley contacts made him a pivotal figure as Olswang attempted […]

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