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Member News
Member News
06
Feb
If the UK does not end up remaining in the customs union or in the EU VAT area under a no-deal Brexit scenario, firms can expect an increase in processing time and costs.
When assessing the tax impact of no-deal Brexit you have to look at the rules which are directly derived from the EU legal framework and those which are indirectly impacted. VAT, Customs Duties, State Aid and to some extent withholding tax (WHT) are the primary ones affected,...
04
Feb
By Bruno Gasparotto, Sophie Weyten, Nicolas Conrad, Claire Schmitt
The Luxembourg VAT authorities (AED) have published a short preparedness notice about the VAT related consequences of a British exit from the European Union (EU) without a withdrawal agreement as from 29 March 2019.
Concerning supplies of goods between EU Member States and the United Kingdom (UK), the intracommunity rules for cross-border supplies and movements within the EU will no longer apply to the UK as from 29 March 2019. Supplies and movements of goods...
04
Feb
Loyens & Loeff, a leading international law & tax firm, has attracted two new local partners in its Zurich office. Andreas Hinsen will further strengthen the Corporate / M&A practice group and focus mainly on private equity. Robin Moser will set up the Litigation & Risk Management practice in Zurich.
Marco Toni, Partner Loyens & Loeff: “We are delighted to have Andreas and Robin joining the team here and further bolster our strong footprint in Zurich. Whereas Andreas’ practice is a perfect fit...
04
Feb
Royal DSM, a global science-based company in Nutrion, Health and Sustainable Living informs its stakeholders that it agreed to increase its shareholding in Yantai Andre Pectin Co. Ltd. (Andre Pectin) to 75%. Andre Pectin is a leading specialty food ingredient producer.
DSM acquired a 29% stake in Andre Pectin in 2013. After settling a shareholders dispute, DSM has now agreed with the other shareholders to purchase an additional 46% stake in Andre Pectin for a consideration of about €150 million. This...
01
Feb
The new month is beginning with the US dollar at the lower end of its recent ranges against several of the major currencies, and at a couple month lows against the dollar-bloc currencies. The key question is whether the dollar is truly breaking lower, perhaps encouraged by the Federal Reserve's pivot to a neutral stance. On balance, we expect the dollar to remain range-bound until later in the crosscurrents of trade, the federal government's fiscal issues of both spending...
01
Feb
By Albert Knigge & Huib Lebbing | Houthoff
Today, the Dutch House of Representatives approved the draft bill on Redress of Mass Damages in a Collective Action. With this bill, the options for starting collective actions will be broadened. The bill will allow claim vehicles to seek damages in a collective action.
Currently, Dutch collective actions can only be used as a stepping stone towards obtaining financial compensation. Damages cannot be claimed. The draft bill also introduces a number of safeguards to...
01
Feb
FIRM REPRESENTED BLUE CHIP CLIENTS IN MERGERS AND ACQUISITIONS, ASSET PURCHASES AND STOCK PURCHASES
January 31, 2019
Pepper Hamilton LLP today announced results of the deals closed during the 2018 calendar year. The firm advised on more than 90 deals, with combined transaction values exceeding $10.5 billion, including cross-border deals in the United Kingdom, Canada and Turkey. The firm closed out the year strong, with Q4 bringing the highest number of overall deals as well as the highest total dollar value...
01
Feb
VULCAN VIEW - KEY EVENTS THIS WEEK:
May trying to renegotiate Backstop with Brussels On Tuesday the House of Commons narrowly voted in favour of an amendment tabled by Conservative MP Sir Graham Brady to provide “alternative arrangements” for the Irish backstop. Prime Minister May hailed this outcome as ‘a route that can secure a substantial and sustainable majority in this house for leaving the EU, with a deal.’ MP Yvette Cooper’s amendment to extend Article 50 if no agreement was reached,...