Reed Smith hires Ashurst duo in Frankfurt

Reed Smith has added its first dedicated tax partner to its Frankfurt offices from Ashurst, the second US outfit to add a partner in the city in two days. Martin Bünning, a tax lawyer and adviser had been with the UK firm for just three years and made the move to Reed Smith joining its […]

Pinsents hires from HMRC to boost tax fraud group

Pinsent Masons has hired from HM Revenue & Customs (HMRC) to bolster its litigation and tax teams, bringing in the former head of the department’s offshore corporate and wealth enforcement team, Andrew Sackey. This is Pinsents’ second lateral in three months, building on the arrival of Fieldfisher’s Nicole Jadeja in life sciences back in September. […]

Kirkland gains third Paris partner with tax hire

Kirkland has hired a third partner for its Paris office, this time in the tax department, with a hire from a local French firm. Nadine Gelli who is currently a tax partner in the office from the local firm De Pardieu Brocas Maffei, will make the move to the US firm. Gelli advises on all […]

Photo: We know all too well that the lateral hiring process doesn’t end once a new partner joins' says Alex Chadwick of Baker McKenzie

Bakers re-elects Chadwick for second term as London head

Baker McKenzie’s Alex Chadwick has secured the role of London managing partner for a second term. The reappointment follows a contested election, which saw Chadwick run against antitrust and competition partner Samantha Mobley. Earlier this year, Mobley took up a position on the management committee of Bakers’ London office, having previously headed the firm’s EU, […]


Kirkland and Linklaters trade tax partners in latest swap

Linklaters has hired a Kirkland & Ellis tax partner, in a reverse hire just a few weeks after Kirkland lured a tax partner from Linklaters. Chris Smale will join the magic circle firm’s practice from the US firm, where he will be advising funds, financial sponsors and corporate clients. Smale is a Linklaters alumnus, having […]


buckingham palace

By royal appointment: the monarchy’s go-to lawyers

With Harry and Meghan announcing they will step back as senior royals and work to become financially independent, The Lawyer looks back at the royal family’s legal representation. Farrer & Co Farrer & Co has been the royal’s established advisers since the 1930s – Sir Leslie Farrer was the personal adviser to George VI and […]

Global Corporate 50: Here’s what the M&A teams are expecting for 2020

Considering the volatile year that the corporate world went through in 2019, and the number of companies, mostly retailers, that have been placed into administration or filed for insolvency in the UK alone, it was refreshing to see that a number of firms contacted for The Lawyer’s Global Corporate 50 report had a positive outlook […]

Featured Briefings

Amendments to tax laws in the region

Tax laws in Serbia were amended at the end of 2019 and entered into force 2020, with the most significant change affecting the status of entrepreneurs. Significant amendments to tax laws were also made in North Macedonia and Slovenia. Bosnia and Herzegovina signed the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base […]

New rules on issue of accompanying notes

By Assel Ilyassova New rules on issue and circulation of accompanying notes in respect of goods were published on 31 December 2019. These rules are effective from 1 January 2020 except for certain provisions which come into effect on 1 April 2020. The accompanying note is recognised as an obligatory document confirming dispatch of the […]

IR35 Private sector reform: Technical consultation launched

By Zoe Fatchen, Siobhan Bishop On 22 January 2020, HM Treasury launched a technical consultation on the draft secondary legislation for off-payroll working from April 2020. The consultation will run for four weeks commencing on 22 January 2020 and ending on 19 February 2020. The next step is that responses to this technical consultation will […]

Stamp duty and cash pooling

By Samuel Fernandes de Almeida On this matter, it seems peaceful that we will be facing credit granting operations, this time in the form of a current account in which the term is not determinable. The tax treatment under the Stamp Tax (IS) of so-called centralized treasury management operations – cash pooling – has been […]

Prime Minister’s remarks increase entrepreneurs relief concerns

By James Austen In what The Times described on Saturday as “…the clearest sign yet that the relief is going to be curtailed by Sajid Javid, the chancellor, in March”, Boris Johnson reportedly commented to a group of women entrepreneurs in his Uxbridge constituency that the Treasury is “fulminating” against Entrepreneurs Relief. The reason given […]

Amendments and additions to the tax code of the Republic of Uzbekistan

In the light of the adoption of the Law “On introduction of amendments and additions to the Tax Code of the Republic of Uzbekistan” No. ZRU-599 dated 30 December, 2019, a new edition of the Tax Code was adopted. The significant amendments are the following: 1. The types of taxes have been reduced to 9 […]

Busy lenders’ monthly round-up – January 2020

By Deborah Sheldon Each month we summarise the latest news and developments in retail mortgage lending and regulation This month in summary: News End of LIBOR: update Deloitte predicts ‘Japanification’ of banking in 2020s Credit rating agency downgrades outlook of UK banking system Open Finance opportunities in Financial Services Robo advice FCA extends Senior Managers […]

Channel Islands funds quarterly update: Q4 2019

1 Developments in the Channel Islands 1.1 Economic Substance On 18 October 2019, the Taxation (Companies – Economic Substance) (Amendment) (Jersey) Law 2019 was registered in the Royal Court and came into force from 1 January 2019. The law amends the Taxation (Companies – Economic Substance) (Jersey) Law 2019, which makes provision for imposing an […]

Fourth round of Croatian tax reforms takes effect: Croatia

By Ozren Kobsa, Ana Marija Rupčić In late November 2019 the Croatian Parliament passed a series of laws amending Croatian tax legislation. The new laws, in the most part, came into effect on 1 January 2020. The changes form part of wider efforts of the Croatian Government to ease the tax burden on both citizens […]

Guernsey’s economic substance requirements – Application to the funds industry

By Chris Hutley-Hurst Like other offshore jurisdictions, Guernsey has implemented legislative economic substance requirements, which came into force on 1 January 2019, to meet a commitment to address concerns raised by the EU Code of Conduct Group on Business Taxation that Guernsey’s corporate tax system could facilitate offshore structures aimed at attracting profits which do […]

Guernsey’s new economic substance requirements – Application to the insurance industry

By Christopher Anderson This briefing note focuses on the application of Guernsey’s economic substance requirements to the insurance industry, taking into account the latest developments in guidance and legislation, and covering: what is in scope; in-scope companies; CIGAs; outsourcing; adequate physical presence; written resolutions; compliance and monitoring; anti-avoidance; and practical steps towards compliance. BACKGROUND Like […]

Setting aside and rectifying mistakes in respect of trusts relating to tax

By Natasha Kapp, Nina Clift The Royal Court of Guernsey has recently handed down two judgments on setting aside and rectifying mistakes in respect of trusts relating to tax. These cases confirm the availability of these remedies under the Trusts (Guernsey) Law, 2007 and the applicable legal principles that will be applied. SETTING ASIDE TRANSFERS […]

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