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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 […]

Recommended

Halliwells poised to add gardening leave to deed

Halliwell Landau is set to introduce gardening leave for partners in the next financial year At the moment, Halliwells partners do not have to take time out between jobs.The firm said that it has chosen to change the partnership deed for reasons of good practice. Halliwells partners are formally voting on the issue before the […]

Garretts begs the City to take on its trainees

Andersen Legal senior partner Williams in last-ditch scramble to save forty-four jobs Andersen Legal managing partner Tony Williams is understood to be trying to secure places for his London trainees with City firms. It looks unlikely that Garretts will secure a firmwide merger and Williams has moved to safeguard his trainees’ futures.Garretts currently has 44 […]

De Wilde to ease LSC worries for chambers

A working party has been set up to investigate ways of helping small and medium-sized chambers to comply with Bar Council and Government requirements A major part of the inquiry, which is chaired by Robin de Wilde QC, is to address the Legal Services Commission’s plans to introduce a so-called ‘quality mark’ covering the management […]

Deals Summary

Cleary Gottlieb Steen & Hamilton (Andrew Shutter, Simon Jay) is advising Kier Group on a credit facility comprising senior, mezzanine and working capital facilities. The deal, which is part of a joint venture with the Bank of Scotland, will be used to finance the acquisition of Laing Property Developments from John Laing. Kier also advised […]

Barlow Lyde promotes four to partnership

Barlow Lyde & Gilbert has made up four new partners, bringing the total number of partners in the firm to 77 John Flaherty specialises in shipping; Kathleen Ford is a reinsurance lawyer; Rosemary Norton focuses on commercial and IT law; and Tim Strong is a commercial litigator specialising in IT, banking and project finance.

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