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Latest Briefings

Cayman Grand Court hands down decision on master-feeder fund structures

By Giorgio Subiotto, Tim Cone The Cayman Grand Court has handed down a decision that has significance for Cayman master-feeder fund structures. Funds and their advisers should review the redemption provisions in master fund articles of association and partnership agreements to ensure that, operationally, redemptions are being effected in accordance with such documents. Background In the matter […]

Reduction of partial transition compensation for working hours by Supreme Court

By Lucas Hoogervorst, Maureem in Poel The Supreme Court ruled last Friday that, in short, a partial amendment of an existing employment contract in circumstances that have to be borne by the employer, may result in the payment of a partial transition payment. This concerns the special case that, due to circumstances, is forced to proceed […]

Prinsjesdag- Tax plan 2019

The government submitted the Tax Plan 2019 and related legislative proposals to the House of Representatives. A number of parts of these legislative proposals that may be relevant include: 1. Change of rates in corporation tax, income tax and VAT 2. Limiting depreciation possibilities buildings in own use 3. Limitation periods for loss settlement in corporation […]

Prinsjesdag 2018- Indirect taxes

The government submitted the Tax Plan 2019 and related legislative proposals to the House of Representatives. A number of elements of these legislative proposals that may be relevant include: 1. Increased VAT rate reduced from 6% to 9% 2. Extension of VAT sports exemption 3. Implementation E-commerce Directive 4. Modernization small entrepreneur scheme

2019 Dutch budget

The 2019 Dutch Budget (the Budget) includes a proposal to abolish the existing dividend withholding tax, replacing it with a withholding tax on dividend payments to related entities in low-tax jurisdictions and in cases of abuse as of 1 January 2020. In a separate proposal, implementing the EU Anti-Tax Avoidance Directive (ATAD1) new rules are […]

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Manchester chambers hires director

Leading Manchester set 40 King Street has appointed a solicitor as its first chambers director. Guy Davison was taken on to manage 40 King Street and spin-off 5 Park Place in Leeds, a set that specialises in chancery and planning law. He worked for Deacons in Hong Kong as a solicitor before practising at law […]

TJG poaches e-finance partner

Coffey, who specialises in offshore funds, internet banking and various aspects of e-finance, joins the City firm today as a partner. TJG managing partner, Declan Tarpey says: “Financial services is a huge growth area for all leading City firms. More capital attracting more regulation means, quite simple, more work for lawyers. “In particular, Joe’s knowledge […]

…as it merges with Luxembourg firm

Clifford Chance has merged with Luxembourg firm Faltz & Kremer after months of wrangling with the Luxembourg bar. The Lawyer first revealed the planned link-up in August, when talks were said to be at an “advanced stage”. But the merger was delayed until 1 January because of objections from Luxembourg’s restrictive bar association – particularly […]

Baker & McKenzie hires ICI trade guru

Baker & McKenzie is expanding its WTO Practice Group by taking ICI’s international trade manager. EU commercial regulatory expert David Wakeford is joining the global law firm as of counsel to the London office after 37 years at ICI. Ross Denton, managing partner of the European law centre London group, says he has worked on […]

UN sued over Rwanda genocide

In the first case of its kind, the widow of a former Rwandan supreme court judge and the sister of a Tutsi former cabinet minister say the UN failed to stop the murders during the 1994 Rwandan genocide in which 800,000 people were massacred. They accuse UN soldiers, who were supposed to defend the Tutsi […]

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