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 […]


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, […]


Cum-ex defendant on trial: large law firms “part of the industry”

Judgment is expected to be handed down this month in the first cum-ex-related trial to be heard in the German courts. Martin S, a former City banker at German bank HypoVereinsbank (HVB), is a defendant in the case, along with fellow British banker, Nicolas D. The pair have been accused of “aggravated tax evasion” for […]

moves, lateral hires and exits

DLA Piper partner moves back to Greenberg after 18 months

Greenberg Traurig has reeled back tax partner Clive Jones, just a year and a half after he left for DLA Piper. Jones returns to Greenberg after first joining in 2016, as part of the diaspora from King & Wood Mallesons’ (KWM) UK collapse. He opted to move to Greenberg as part of a six partner team, […]


Home office

For some firms WFH policies were a tick-box thing. Not any more.

Within the space of five days from Monday 16 March, working from home (WFH) became the new normal for the vast majority of the population. Lives and habits changed instantly. You’ve probably already enjoyed at least one Zoom cocktail party, reacquainted yourself with your children and perhaps joined an online choir? From a legal market […]

Turning corporate lawyers into restructuring specialists won’t be easy

As companies continue to look to the government for survival in the coming weeks, restructuring practices across the City, which had been kept arguably lean until now, are sure to need extra hands in the coming months. Across law firms, corporate associates are poised to be drafted onto restructurings and workouts. The mass redeployment of […]

Smiling frogs: the mid-tier firms bouncing back

Last summer, one of The Lawyer’s cover stories focused on the UK mid-tier. It put forward the proposition that many of the firms outside the UK top 50 were ‘boiling frogs’ – surfing comfortably on the surprisingly small amount of growth needed to maintain market position without necessarily adapting to the slowly changing conditions that […]


The ups and downs of US firms in London

In this episode The Lawyer editor Catrin Griffiths and deputy editor Matt Byrne discuss the impact of coronavirus, the latest US financials season, and whether law firms are actually listening to their clients on one of the biggest issues in the world today.

New QCs at a time of change: the silks of 2020

As 114 new silks celebrated their success in the 2020 Queen’s Counsel appointments, they were also marking the end of an arduous selection procedure – all for the honour, pride and privilege of securing those two prestigious letters that can reshape a legal career.  Finally gaining the QC kitemark gives some barristers a sense of […]

Featured Briefings

Uzbekistan: Draft procedure for conducting field tax audits

Per article 139 of the Tax Code “On-site tax inspection”, the State Tax Committee has published a draft resolution “Regulation on the procedure for conducting on-site inspections”. The project was posted for discussion on the SOVAZ portal until March 17, 2020. Upon approval, the new procedure will enter into force on April 1, 2020. The […]

Exceptional measures implemented by Luxembourg tax authorities to support taxpayers during COVID-19 crisis

On 17 March 2020, the Luxembourg tax administration issued an official newsletter on their website ( stating that taxpayers, individuals or companies undergoing cash flow issues due to the coronavirus pandemic and who are taxed on commercial or agricultural and forestry profits, and taxpayers who are independent professionals can request: the cancellation or reduction of […]

Tax consequences of coronavirus for employees and companies

The Corona Pandemic confronts us all with new and unknown challenges. In order to make a small contribution to overcoming the current situation, the Tax Team describes certain tax implications of the coronavirus for both employees and employers and summarises the latest tax measures of the Swiss Federation and the cantons in connection with the […]

Mutual agreement procedure on double taxation agreements

Mongolia has entered into Double-Taxation Agreement (further referred as DTA) with 26 countries. Its Mutual Agreement Procedure (further referred as the Procedure) was approved in 2013, latter renewed in 2019 in accordance with Article 17.3 of General law on Taxation, for the following purposes: To implement the procedure; To agree mutually with a competent authority […]

Cayman: Update in Respect of Automatic Exchange of Information

On 20 February 2020, the Cayman Islands enacted the Tax Information Authority (International Tax Compliance) (Common Reporting Standard) (Amendment) Regulations, 2020 (the “CRS Amendment”) and the Tax Information Authority (International Tax Compliance) (United States of America) (Amendment) Regulations, 2020 (the “FATCA Amendment”). These amendments amend the Tax Information Authority (International Tax Compliance) (Common Reporting Standard) […]

Austria: Coronavirus and taxes

Due to the measures taken by the Austrian government in connection with the outbreak of the corona virus which has now affected Austria (e.g. home quarantine, cancellation of events, closure of shops/restaurants), liquidity shortages and payment difficulties for businesses seem more likely. Accordingly, the Austrian Ministry of Finance has taken the following measures: Taxpayers who […]

Cayman Islands to maintain funds appeal with latest regulatory changes

With the enhancement of Cayman Islands’ regulatory framework in the form of the introduction of the International Tax Co-operation (Economic Substance) Law, 2018 and its related Regulations (ES Law) and welcome updates in 2019 and early 2020 to the Securities Investment Business Law (SIBL), the Anti-Money Laundering Regulations (AML Regulations) and the Mutual Funds Law […]

Implications of Coronavirus for Economic Substance and Corporate Tax Residence

The Government of Jersey’s Comptroller of Revenue has confirmed that where companies’ operating practices have to be adjusted in response to the COVID-19 pandemic, the Comptroller will not treat the company as having failed the economic substance test. The Comptroller has also confirmed that such adjustments will not disturb the tax residence in Jersey of […]

Covid-19 and digital taxation

By Samuel Fernandes de Almeida In the face of this global pandemic and crisis, a global response to the taxation of the new economy seems inevitable. The pandemic we are currently experiencing, with large slices of the world population at risk of being quarantined, due to the risk of contagion from Covid-19, will inevitably bring […]

Cash box transactions: The use of Jersey companies

This briefing document explains how a United Kingdom public limited company (‘PLC’), which is listed on the main list of the London Stock Exchange or on AIM, may use a Jersey company in a ‘cash box’ transaction where PLC is raising money either through a placing of its shares, a rights issue or where a […]

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