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Clients & friends newsletter September 2014

  • Baker & McKenzie
  • -
  • Belgium, China, New Zealand, Saudi Arabia, United Kingdom, USA, Venezuela
  • -
  • September 30 2014

In an unfortunate decision, the Brussels Court of Appeals has upheld a decision by a lower court denying the deductibility of stock option costs

Financial services update September 15 2014 judicial developments

  • Winston & Strawn LLP
  • -
  • USA
  • -
  • September 15 2014

Dow and several foreign banks created partnerships that generated over one billion dollars in tax deductions for Dow. The partnerships allocated the

Tribunal rejects Ramsay argument and allows taxpayer's appeal in corporate bond case

  • RPC
  • -
  • United Kingdom
  • -
  • September 11 2014

In Hancock & Hancock v HMRC the First-tier Tribunal (FTT) has upheld the taxpayer's appeal against HMRC's decision that a chargeable gain arose on

Mortgage holder’s petition to set aside judicial tax sale rejected

  • Cozen O'Connor
  • -
  • USA
  • -
  • September 2 2014

A panel of the Commonwealth Court held that the trial court properly denied a mortgage holder's petition to set aside the judicial tax sale of a

Court of Appeal denies input tax on accountancy services relating to a refinancing and restructuring process: Airtours Holiday Transport Limited v HMRC

  • RPC
  • -
  • United Kingdom
  • -
  • August 28 2014

The appellant company, Airtours, appealed against a decision of the Upper Tribunal (UT) in which it was held that it could not recover input tax

Business law quarterlysummer 2014

  • Dykema Gossett PLLC
  • -
  • USA
  • -
  • August 25 2014

You may have encountered the term “bankruptcy remote”. It was coined to refer to a method of endowing a company with certain characteristics which

California federal court holds bank responsible for funds subject to IRS levy on customer’s account

  • BuckleySandler LLP
  • -
  • USA
  • -
  • August 22 2014

On August 15, the U.S. District Court for the Central District of California held that a bank responded too slowly to a government levy on a

Not so fast! Sixth Circuit rescinds award of tax refund to bankruptcy estate

  • Paul Hastings LLP
  • -
  • USA
  • -
  • August 20 2014

On July 8, 2014, the Sixth Circuit Court of Appeals reversed and remanded the District Court's decision in FDIC v. AmFin Financial Corporation

Constitutional challenge of FATCA agreement launched

  • Stikeman Elliott LLP
  • -
  • Canada, USA
  • -
  • August 15 2014

On August 11, a constitutional challenge to the Agreement between the Government of the United States and the Government of Canada to Improve

Following the Eleventh Circuit, Sixth Circuit sides with FDIC in latest tax refund dispute

  • Weil Gotshal & Manges LLP
  • -
  • USA
  • -
  • July 25 2014

In the world of bank holding company bankruptcies, often a dispute arises between the parent company and the FDIC (as receiver for parent's failed