As foreseen in our previous newsflash, the law on VAT grouping has officially been published, last Friday. The text – which provides for an entry into force on 31 July 2018 – modifies the general VAT Law. It now enables Luxembourg entities sharing financial, economic and organisational links to set up a VAT group, thus allowing them to […]
The Dutch pensions system has been under increasing stress since 2008. A sudden downturn on the financial markets and market interest rates held down artificially, together with rising life expectancy and strict solvency requirements, have produced some unpleasant financial surprises. So the question as to who is responsible or liable for the solvency shortfalls is […]
As a means of increasing innovation and investment, a growing number of countries around the world have introduced preferential tax treatment for research and development and intellectual activities. These regimes provide developed countries with an economic advantage in a highly competitive international tax landscape. In 2015, the OECD released BEPS Action 5 on Harmful Tax […]
The Royal Decree of 9 January 2018 on biobanks (Royal Decree), published in the Belgian Official Gazette on 5 February 2018 and implementing the Law of 19 December 2008 regarding the procurement and use of human substances destined for human medical applications or for scientific research purposes, is going to enter into force on 1 […]
On 26 July 2018, the Luxembourg tax authorities published a circular on specific tax aspects of virtual currencies. As it does not consider virtual currencies to be an actual currency, the circular clarifies that Luxembourg tax accounts cannot be prepared and taxable income cannot be reported in a virtual currency…
The online sale of pharmaceutical products in Romania has been on the rise in recent years. This strengthening trend can be attributed to the growth of online purchases in Romania in general and to the fact that, until recently, the law left room for interpretation in this area. Recent amendments to the laws governing the sale of […]
The Minister for Justice and Equality, Charlie Flanagan, published the Coroners (Amendment) Bill 2018 on 2 August 2018 with the aim of significantly clarifying, strengthening and modernising the law relating to the reporting of deaths to coroners. The Bill, once enacted, will amend the Coroners Act 1962. The Bill allows for a wider scope of […]
Banking litigation experts Rob Aberdein and Justin Coley from Walker Morris’ Lender Services team explain how lenders and law firms can harness new technology and debt management solutions to offer an enhanced customer journey and improved lender/borrower relationships.
The Technology and Construction Court (TCC) has delivered a significant judgment in Michael J Lonsdale (Electrical) Ltd v Bresco Electrical Services Ltd (in Liquidation)  EWHC 2043 (TCC) where the company seeking to refer a dispute to adjudication was in liquidation. The substance of the dispute related to the contractor’s claim for payment allegedly due for […]
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White & Case‘s net profit in London shot up nearly 40 per cent over 2017, according to the firm’s LLP accounts for the last financial year. The US firm revealed a strong year for the firm in London, as well as its Johannesburg office, which is also covered in the figures. Year-end figures for 2017 […]
National Grid’s UK general counsel Rachael Davidson has swapped her role for another within the company, taking on a new position in the group’s non-core business unit. Davidson has become general counsel for National Grid Ventures, which operates in competitive markets outside of National Grid’s core regulated activities in the UK and US. Her role […]
Allen & Overy (A&O) has secured a money-saving rent deal for its Belfast outpost, following the sale of the office for over £15m earlier this week. From March 2021, A&O will pay £19.50 per sq ft for the Grade A office development in the ObelComplex along Belfast’s waterfront, spanning seven floors. The rate is 13 per […]
Clifford Chance corporate finance partner Alex Erasmus is to join a blockchain software company later this year as its new chief legal officer. London-based Erasmus will join the executive committee of Block.one in Hong Kong. Block.one is the software publisher behind open-source blockchain protocol EOSIO, which was launched in June 2018 and provides secure and […]
The Serious Fraud Office (SFO) has withdrawn the arrest warrant it had issued against the chief executive of the Eurasian Resources Group, in the latest development to the agency’s long-running investigation into its subsidiary company ENRC. Last month, the SFO announced that ERG’s CEO Benedikt Sobotka was wanted for alleged refusal to comply to an […]