Simmons changes partnership deeds

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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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Beachcroft Wansbroughs agrees partner share scheme with US firm

Beachcroft Wansbroughs is sharing its departing projects team with Buchanan Ingersoll, reports Sean Farrell Beachcroft Wansbroughs and US firm Buchanan Ingersoll have agreed to share Beachcrofts’ projects team when it moves to Buchanans in the new year. As revealed in The Lawyer (11 October), Beachcrofts’ highly-rated head of projects Barry Francis, who specialises in private […]

Property

Herbert Smith acted for Greycoat on a £350m secured term loan facility and the sale of two London properties, one in Victoria for £100m to PA Consulting Group and the other in Bishopsgate for £28.78m to Hill Samuel Property Unit Trust. The financing team was led by banking partner David Wyles, while the disposal teams […]

Manchester set gets Best Value first

A Manchester barristers’ chambers is believed to be the first set to enter partnership with a local authority under the Best Value legislation. Chorley Borough Council in Lancashire has entered into a partnership with 40 King Street in Manchester and its spin-off 5 Park Place in Leeds. The chambers will advise on planning, housing, human […]

Financings

Linklaters advised Adecco on the offering of euro360m (£225m) 1.5 per cent convertible notes and 600

Will Dutch courage make sense for Eversheds?

Eversheds’ move into The Netherlands has been met with surprise by the legal profession. Dearbail Jordan asks why the firm has chosen to go Dutch when it has yet to make its mark in the more lucrative German market Eversheds is in a predatory mood. Its recently announced merger with Dutch-based Boekel De Neree (BDN) […]

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