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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 […]

Recommended

Scuffle of the week

Lewis v Lewis. Lennox Lewis (left) was effectively stripped of his World Boxing Association title this week after Judge Lewis Kaplan ruled in a New York court that the UK boxer must give up the belt if he goes ahead with a fight against Michael Grant. The judge found himself embroiled in a battle over […]

Sidley & Austin Hong Kong founder joins Herbert Smith

Sidley & Austin is losing one of the founding partners of its Hong Kong operation to Herbert Smith, just a year after the office was established. Simon Meng, who is qualified in New York and Paris, has joined Herbert Smith’s reg-ional project group as a consultant due to the Hong Kong Law Society’s restriction on […]

Placements

Baker & McKenzie advised Europejski Fundusz Leasingowy on its $82m (£51.9m) international and domestic share and global depository receipt offering and listing on the London and Warsaw stock exchanges. Credit Suisse First Boston acted as lead manager on the deal. Baker & McKenzie securities partner Peter Magyar led a team of two in the London […]

Four more firms set to join Ecomlex group

German, Dutch, Italian and Irish law firms are the latest to join a European e-commerce association. Ecomlex is being set up to advise international clients on new economy issues, such as cross-border internet start-ups and initial public offerings. The Lawyer previously revealed that Field Fisher Waterhouse, Swedish practice Advokatfirman Fylgia, and Scottish member firm Harper […]

Quote of the week

“What’s the point of a couple more hundred grand when you really never have a life?” – A City lawyer claims money isn’t everything, especially when it’s only small change. Francis Laird: Correction In last week’s “Scuffle of the week” it was inferred that Francis Laird had resorted to violence when subjected to a physical […]

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