Tax

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germany

Cum-ex saga: German minister casts doubt over future government contracts for Freshfields

Germany’s finance minster today suggested that Freshfields Bruckhaus Deringer is unlikely to receive any new contracts from the country’s government, as he addressed concerns over the ongoing cum-ex saga. Olaf Scholz was questioned in the country’s Bundestag over a range of matters related to cum-ex trading, a controversial practice that was prohibited in Germany in […]

Freshfields tax partner exits in Germany

Another tax partner based in Freshfields Bruckhaus Deringer’s Frankfurt office has left the firm. Tobias Teufel, who was promoted to partner in 2010, is to part ways with the magic circle player after working in its corporate tax practice, advising banking and financial services clients. A firm spokesperson said: “The firm and Tobias Teufel have […]

germany

Coronavirus forces German court to expedite first cum-ex trial

The German court handling the first cum-ex trial has decided to expedite the legal proceedings due to challenges brought by the coronavirus pandemic. The Bonn District Court announced it will expedite the case against two British bankers, Martin S and Nicolas D. Both worked at the London office of German bank HypoVereinsbank (HVB) and are […]

Scalpel

MoFo recruits from the Big Four in latest partner addition

As an increasing number of firms look to boost their tax ranks in the City, Morrison & Foerster has brought in a Kirkland & Ellis-trained partner to boost its group. In May, the US firm will take on EY partner Sophie Allen, who spent six years at the Big Four accountancy firm and was previously […]

new york

Freshfields continues New York hiring spree with Latham recruit

Freshfields Bruckhaus Deringer has added an employee benefits partner in New York from Latham & Watkins, following on from the magic circle firm’s recruitment of a Cleary quartet last year. Lori Goodman will make the jump from the US to magic circle firm, becoming a partner in its US executive compensation and employee benefits practice, […]

Analysis

New Look

The New Look deal is a watershed moment for Latham

New Look’s long-rumbling restructuring journey is emblematic of a shifting order of restructuring advisers in the City. A decade of financial engineering at the hands of private equity has left the retailer fighting and shifting between magic circle and US legal advisers. Latham’s prescient poaching of star talent has paid off, having sealed the sole […]

The ‘New How’: How Shoosmiths’ lockdown project took shape

In early 2020, Shoosmiths engaged a design agency to build a promotional campaign around a suite of technology platforms. The idea focused on doing things differently, informed by Prof Richard Susskind’s idea of the ‘lawyer of the future’. The campaign revolved around three platforms the firm had developed over the previous year. They were meant […]

Leaving Fleet Street is an emotional wrench for Freshfields

On a London map, the distance that separates 65 Fleet Street from 100 Bishopsgate amounts to almost three kilometres. But the path that led Freshfields Bruckhaus Deringer from its longstanding institutional home to the shiny skyscraper feels much longer. The firm first signed a lease for the new building four years ago, marking a new […]

Barrister of the week: 5RB’s Adrienne Page QC

Adrienne Page QC has represented newspapers, politicians and barristers in the most sensitive of cases during a sterling 46-year career; however, life hasn’t been without its challenges for 5RB‘s libel doyenne. During her early years as a junior, Page struggled immensely with the stressful experience of going to court, at a time when anxiety in […]

Roundtable: Remote investigations during Covid-19

The world of investigations relies upon in-depth scrutiny. Whether it be leafing through office documents, conducting forensic interviews or relying upon whistle blowers, an investigator’s physical presence on-site is often key to carving out the truth. However, the in-person part of investigations is largely on hold for the time being due to Covid-19, forcing individuals […]

Featured Briefings

Cayman Islands Update: Economic substance guidance notes V3 issued

On 13 July 2020, the Cayman Islands Department for International Tax Cooperation (the “DITC”) issued version 3.0 of the Guidance on Economic Substance for Geographically Mobile Activities (the “Guidance”) pursuant to the ES Law (as defined below). This replaces the previous version 2.0 of the Guidance issued on 30 April 2019.

Cayman Islands Updated Economic Substance Guidance

Version 3.0 of the Cayman Islands guidance notes (“Guidance”) on the Cayman Islands’ economic substance legislation provides additional assistance in interpreting the International Tax Co-operation (Economic Substance) Law (the “ES Law”).

Pensions Ombudsman update – September 2020

Key areas covered in this edition include: Employer’s automatic enrolment duties; Distress caused by missing contributions; Tax liability for negligent misstatement; and Administrator’s duty to provide correct information. Download the latest edition to find out more details and the impact of these decisions.

eSports and taxes – Switzerland

eSports – the competitive playing (so-called gaming) of computer and video games – such as Counter-Strike, Fortnite, Call of Duty or Fifa – is enjoying growing popularity in Switzerland. The number of gamers is large even in Switzerland, but the number of professional players – e-athletes, as well as eSports event organisers or eSports organisations […]

Council tax valuations and affordable housing

Tony Reynolds, a partner in our Commercial Dispute Resolution team in Edinburgh, has successfully acted for the Assessor of the Lothian Valuation Joint Board (the Assessor) in connection with a council tax appeal that was heard by the Inner House of the Court of Session

Beware the return of the Crown Preference

The Finance Act 2020, which received Royal Assent on 22 July 2020, will partially restore HMRC’s position as a preferred creditor in insolvencies from 1 December 2020.

New requirements under the EU taxonomy – preparing the route ahead

The European Commission is committed to ensure that all Union actions and policy initiatives take the Sustainable Development Goals on board at the outset. The Taxonomy Regulation (Regulation (EU) 2020/852 of the European Parliament and of the Council of 18 June 2020) is a landmark for the achievement of the SDGs.

Coronavirus: Recent tax measures to support micro, small and medium-sized enterprises

A major economic crisis has been caused by the pandemic associated with the Coronavirus disease. In this context, Law 29/2020 was published on 31 July to establish new tax measures to support cooperatives, micro, small and medium-sized enterprises. The aim of these measures it to mitigate the impacts of the pandemic on these businesses.