L’Oréal UK counsel quits for new career direction

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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 […]

Introduction of remediation agreement in Canada

By Glen Jennings, Matthew Doak The time has now arrived. A mechanism is finally in place in Canada that will allow for a better process to resolve criminal offences for corporations. In response to a consultation that ended in November 2017, the federal government introduced legislation amending the Criminal Code to allow for remediation agreements (better known as […]

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A&O seals Kazakh deal for UniCredit

Allen & Overy has cemented its relationship with Europe’s UniCredit Group, advising group member Bank Austria Creditanstalt (BA-CA) on the purchase of Kazakhstan’s ATF Bank. Corporate partner Pervez Akhtar, who has been the UniCredit relationship manager for the past five years, led the deal alongside associates Gary Booth and Andrew Deane. London-based tax partner Chris […]

British Virgin Islands

The BVI is regarded as one of the world’s leading offshore jurisdictions, with derivatieves being a particular strength. By Peter Tarn and Russel Willings Termination and close-out netting together constitute the single most important technique for reducing credit risk in the derivatives markets. A typical derivatives contract provides for the termination of all transactions on […]

Guernsey

A new three-day funds approval regime and the proposal to scrap court involvement in the insurance transfer process makes Guernsey even more appealing to investors. By Christopher Anderson Every offshore jurisdiction walks a fine line between on the one hand having a prudent regulatory environment while remaining a user-friendly place to do business and, on […]

Long-serving BHP Billiton GC retires

Chief legal counsel and head of external affairs for FTSE100 mining company BHP Billiton John Fast is to retire in the new financial year. Fast, who leaves BHP after more than seven years, said he is looking forward to retirement, when will be applying his experiences to new challenges. Peter De Zwart, The FSTE company’s […]

Halliwells kicks off fraud unit as Keoghs raid lands dedicated team

North West firm Halliwells has scooped a team of fraud specialists from rival firm Keoghs. The team, which is headed by partner Damian Ward, has moved to form Halliwells’ new bespoke fraud unit, which will investigate fraud claims and train claims managers to improve how they detect and investigate fraud claims. Halliwells managing partner Ian […]

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