Intra-group debt financing: updated safe haven rates and thin capitalisation rules
By Maurus Winzap, Fabienne Limacher On 31 January 2019 the Swiss Federal Tax Administration (SFTA) published the 2019 safe haven interest rates to be used to intra-group loans. Against this backdrop, this provides an overview of the relevant Swiss tax rules associated with determining whether intra-group financing constitutes equity or debt for tax purpose and […]
New EU matrimonial and partnership property regulations now effective
The EU Matrimonial and Partnership Property Regulations, adopted through enhanced cooperation, have become legally binding for 18 EU Member States directly, i.e. without national transposition legislation, to provide married couples and registered partners with legal certainty as to property law due to their marriage or partnership in crossborder cases. The different national conflict-of-law rules regarding […]
New strategy for providing free access to government data
By Jürg Schneider, Christophe Gösken On 30 November 2018 the Federal Council adopted a new open government data strategy for providing the public with free access to government data. From 2020 onwards, all government data will gradually be made available for free and in a computer-friendly format. Replacing a previous version, the new strategy is mandatory for the […]
Swiss Federal Tax Administration puts an end to rulings from January 2019
BY Maurus Winzap On 15 November 2018 – in the context of the bill on the Federal Act on Tax Reform and AHV Financing (TRAF) (formerly referred to as ‘Tax Proposal 17’) – the Swiss Federal Tax Administration (SFTA) announced that, as of 1 January 2019, it will abstain from granting rulings which safeguard the federal […]
Potential tax controversies in wealth management
By Robert Desax Place of effective management (POEM) Companies are subject to Swiss unlimited taxation if they have their seat or their POEM in Switzerland. The same rule also applies in intercantonal situations. A non-Swiss company is subject to unlimited taxation in Switzerland if it is effectively managed in Switzerland. Swiss case law and practice: POEM […]
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DWF grabs mandate on Flybmi’s collapse
Flybmi has become the latest airline to enter into administration, with the company citing Brexit uncertainty as one of the main reasons for its collapse. DWF is acting for the administrators BDO, with a team led by Leeds-based associate partner Matthew Brown. The airline cancelled all flights over the weekend with immediate effect. DWF is understood to […]
Taylor Wessing rules out merger talk as firm seals West Coast alliance
In a move that furthers the UK firm’s reach on the West Coast, Taylor Wessing has entered into a non-exclusive joint relationship agreement with California’s Wilson Sonsini Goodrich & Rosati. The relationship, which is not exclusive, means Taylor Wessing and Wilson Sonsini can support each other on life sciences and tech deals in particular. Some […]
Linklaters’ former CMO to destroy documents in swift end to injunction saga
Former Linklaters marketing head Frank Mellish has agreed to destroy documents shared between him and the firm, in relation to matters he said would expose “the ongoing struggle [the firm] has with women in the workplace”.
King & Spalding’s City revenue reaches all-time high after renewed focus on London
After identifying London and New York as key offices for expansion, King & Spalding has revealed that City turnover increased by 12 per cent to over $48m in 2018. King & Spalding’s City figures have been up and down in the last few years, with turnover rising 14 per cent over 2015 only to fall […]
Future of K&L Gates’ Warsaw office in doubt as firm enters strategic review
K&L Gates is considering closing its office in Warsaw, The Lawyer understands, mirroring similar strategic reviews held at other US firms with outposts in the CEE region. A management meeting is understood to have been set up for this week to discuss plans around a potential pull-out from the city. The firm declined to comment on the […]
The 60 second interview: The GC’s challenge is “doing more for less”
In our latest 60 second interview, Brewin Dolphin head of legal Alissa Foale talks to The Lawyer about her function’s biggest challenges, necessary skills to successfully manage change and how she thinks financial services will transform in the coming years ahead of her session at this year’s In-house Financial Services conference. How do you think […]