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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 […]

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ING to City firms: don’t worry about conflicts

ING Group’s UK legal chief has moved to allay law firm fears about accepting instructions against the major banks. Speaking to The Lawyer, Adrian Marsh, head of legal for ING’s UK wholesale business, said City firms are being overly concerned, and while ING’s terms of engagement prohibit firms from accepting instructions against the bank, it […]

CAT legal chief urges pre-emption reform

Cambridge Antibody Technology’s (CAT) general counsel has welcomed a Government-commissioned document on whether the UK’s existing rules on pre-emption rights hinder certain public companies. The report, which was prepared by Marks & Spencer chairman Paul Myners and published on 3 November, concluded that pre-emption rights are critical to the relationship between shareholders. But he questioned […]

Blackstone bags ECJ judge for ADR drive

Former European Court of Justice (ECJ) judge Sir David Edward QC has joined Blackstone Chambers as a full-time tenant. He will focus solely on arbitration, bolstering the set’s growing alternative dispute resolution expertise. In 2002, Blackstone tenant and former head Presiley Baxendale QC became a full-time mediator. Edward served as an ECJ judge from 1992-2004, […]

Global players test their luck in Paris bar election

Elections for the Paris Bar Council take place next week, with an unprecedented number of representatives from international firms. Clifford Chance’s Claude Lazarus, Allen & Overy’s Edouard Didier, Dominique Mondolini of Willkie Farr & Gallagher and White & Case’s Jean-Luc Boussard are all standing for a place on the council. Bredin Prat senior partner Jean-François Prat and former global head […]

Baker & McKenzie suffers exodus of six German partners to US firms

Baker & McKenzie’s (B&M) German practice has lost six t partners to US rivals, including finance head Rainer Magold. According to Germany’s Juve magazine, rated acquisition finance lawyer Magold and rising banking star Christina Ungeheuer have joined Milbank Tweed Hadley & McLoy, for which they will open a Frankfurt office. Milbank opened its first German […]

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