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…
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 […]
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. […]
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 […]
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 […]
Corporate duo Mark Soundy and Sarah Priestley are leaving Goodwin Procter after a two year stint at the firm, The Lawyer understands, just days after the US firm lost a tax partner to Greenberg Traurig.
The withdrawal of Robert Tchenguiz’s accusations against the accountancy firm Grant Thornton and a number of other businesses will cost the property mogul nearly £24m as a result of a High Court judgment passed down yesterday. Mr Justice Robin Knowles ordered Tchenguiz to pay £11.2m to Travers Smith client Jóhannes Jóhannsson of the collapsed Icelandic bank […]
Weeks after the announcement of Nigel Boardman’s impending retirement next April, it can be revealed that another Slaughter and May stalwart is also due to hang up his boots this year. Corporate M&A partner William Underhill will bow out of the firm this December after 28 years in the firm’s partnership. He joined the firm […]
Baker McKenzie is set to open its third support centre in Florida as it kickstarts a business services overhaul. The service roles that will be based in Tampa, Florida, include legal services, finance, IT, knowledge management, operations, business development, marketing and communications, and talent. The new office is expected to employ 300 people and will […]
Nearly a year since it hired Freshfields’ David Higgins to bolster its corporate offering in London, Kirkland & Ellis is to bring in two Linklaters partners to spearhead its move into the Paris market.