Following the non-discrimination principle, in response to an appeal dated 25 October the Spanish Supreme Court has applied a tax credit to avoid double taxation, provided in the Corporate Income Tax Law for Spanish resident entities only, to capital gains derived by EU resident entities from the transfer of shares in Spanish entities. In the […]
Shoosmiths real-estate specialists have advised McKay Securities on the £6m freehold purchase of 1 Crown Square, Woking. The national law firm acted for the real-estate investment trust on the acquisition of the mixed-use office and retail property in Surrey. McKay will seek to generate income and capital growth from active management, refurbishment and development of 1 Crown Square. Shoosmiths […]
On 22 January 2014, S Chelvan from No5 Chambers gave a presentation at Oxford University’s Refugee Studies Centre as part of the ‘Human rights, asylum and refugee protection: exploring the confluences, constraints and contradictions’ public seminar series. Chelvan’s presentation was entitled ‘At the end of the rainbow: where next for the LGBTI refugee?’ and discussed […]
There is a growing need in the Middle East for employers to establish incentive plans for their employees and senior executives. Historically, employers have established on balance sheet saving schemes; however, in recent years there has been an increasing trend to establish cash and share plans in the form of trusts following a greater awareness […]
By Piers Alexander, Fawaz Elmalki, Kieran P J Loughran, Janice Oh, Tania Dons, Richard D Fear On 13 January 2014, following an extensive public-private consultation process, the Cayman Islands Monetary Authority (CIMA) formally issued its long-awaited statement of guidance (SOG) on corporate governance for regulated mutual funds. The SOG applies to all regulated mutual funds and […]
Eversheds has commented on the UK Court of Appeal decision in Topland Portfolio 1 v Smiths News Trading. The UK Court of Appeal has confirmed that a guarantor can be released from liability where a landlord and tenant enter into a licence for alterations, if the effect of the licence is to vary the lease […]
By Jayne Flint Every year brings with it a raft of new legislation and legal points for employers to grapple with. As we start yet another year of change to employment law, Shoosmiths looks at the 10 most important developments in the pipeline. Changes to TUPE: the proposed new regulations come into force on 31 […]
By Sally Newton Shoosmiths takes a look at the changes that anyone working in real estate can expect to see in 2014. The Red Book — the Royal Institution of Chartered Surveyors (RICS) has published the latest edition of its mandatory standards manual for valuations, RICS Valuation — Professional Standards January 2014 (the Red Book). The […]
Effective share-based incentive plans should be designed to align the activities of executives and senior employees with the requirements of the company’s shareholders and meet their expectations with regard to quantum and corporate performance. There is a growing demand in Russia for employers to establish employee benefit schemes for their employees. There has been an […]
Effective share-based incentive plans should be designed to align the activities of executives and senior employees with the requirements of the company’s shareholders and meet their expectations with regard to quantum and corporate performance. Share plans should also be designed to benefit from any tax advantages available to the employing company and employees. Employers need […]
Freshfields Bruckhaus Deringer’s highest-paid partner took home £2.5m last year, down 14 per cent from 2011/12, the firm’s LLP accounts have shown. The drop comes on the back of an audited fall in net profit of 5 per cent, from £329.1m in 2011/12 to £312.3m last year (28 January 2013). The amount due to the […]
Eversheds has added five firms to the Eversheds African Law Institute (EALI), the forum it set up last year to promote networking among African firms. The five firms bring the number of EALI members to 23 in 21 countries. The fims are meeting this week in Paris at the first EALI summit, which will be […]