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Take advantage of our free expert resources, written by the experts at LCN Legal, based on their practical experience of working with multinational groups and their advisers across the globe. If you are interested in these areas, you may wish to bookmark this page to check back regularly for new information.

Template intercompany agreement for transfer pricing: intellectual property licence

Paul Sutton

LCN Legal has published a template Intellectual Property Licence for transfer pricing. This template forms part of the LCN Legal ‘toolkit’ of practical resources and template intercompany agreements, which are designed to make it easier for corporates and transfer pricing professionals to put in place intercompany agreements to support their transfer pricing compliance. For further […]

Intercompany Agreements

LCN Corporate Simplification Guide Part 13: Using cross-border mergers to remove companies

Paul Sutton

This article forms part of our guide to corporate simplification and legal entity reduction projects. Links to other parts of the guide are at the end of this article. The European Directive 2005/56/EC on cross-border mergers provides a way to achieve a ‘true’ merger. It can be used as a way to remove unwanted companies […]

Group Reorganisations

Using the solvency statement procedure to create reserves

Paul Sutton

This article is taken from the fourth postcard in our series of cards on group reorganisations, and looks at using the solvency statement procedure to create reserves. Links to the other postcards in the series can be found at the end of this article. The ‘solvency statement procedure’ is a straightforward way for private companies […]

Group Reorganisations

Setting up a Private Syndicate to Invest in UK Property: Choosing the right legal structure

Paul Sutton

This article is for you if you are thinking about setting up a property investment club or SPV (special purpose vehicle), so that a number of people can invest in commercial or residential property together. This kind of arrangement is generally for people who already know and trust each other. It can be a way […]

Uncategorised

LCN Corporate Simplification Guide Part 12: Transferring assets at book value or market value

Paul Sutton

This article forms part of our guide to corporate simplification and legal entity reduction projects. Links to the other parts of the guide are at the end of this article. Corporate simplification projects often involve one group company transferring assets to another, before the first company is removed. The assets may be tangible or intangible […]

Group Reorganisations

LCN Corporate Simplification Guide Part 11: Creating reserves using the solvency statement procedure

Paul Sutton

This article forms part of our guide to corporate simplification and legal entity reduction projects. Links to the other parts of the guide are at the end of this article. When removing UK companies as part of a legal entity reduction project, the solvency statement procedure is often used to create reserves. This may be […]

Group Reorganisations

Tax pitfalls when buying property SPVs

Paul Sutton

This article is kindly contributed by Caroline Fleet, Head of Property Taxes at Gabelle LLP. Caroline’s contact details are at the end of this article. Frequently, when purchasing a UK property, the sale takes place with the property held in a corporate or an offshore unit trust ‘wrapper’. Often the sale is undertaken in such […]

Uncategorised

Template intercompany agreement for transfer pricing: revolving credit facility

Paul Sutton

LCN Legal has published a template Revolving Credit Agreement for transfer pricing. This template forms part of the LCN Legal ‘toolkit’ of practical resources and template intercompany agreements, which are designed to make it easier for corporates and transfer pricing professionals to put in place intercompany agreements to support their transfer pricing compliance. For further […]

Intercompany Agreements

LCN Corporate Simplification Guide Part 10 – Dealing with insolvent companies

Paul Sutton

This article forms part of our guide to corporate simplification and legal entity reduction projects. Links to the other parts of the guide are at the end of this article. It is not unusual that the companies to be removed as part of a corporate simplification project include ones with negative net assets. This article […]

Group Reorganisations

LCN Corporate Simplification Guide Part 9 – Strike off or MVL?

Paul Sutton

This article forms part of our guide to corporate simplification and legal entity reduction projects. Links to the other parts of the guide are at the end of this article. Whenever a corporate simplification project involves the removal of UK companies, the question arises as to whether the companies concerned should be removed by way […]

Group Reorganisations

Template intercompany agreement for transfer pricing: R&D services agreement

Paul Sutton

LCN Legal has published a template R&D services agreement for transfer pricing. This template forms part of a suite of template intercompany agreements, which are designed to make it easier for corporates and transfer pricing professionals to put in place intercompany agreements to support their transfer pricing compliance. Click here to access the full suite […]

Intercompany Agreements

Checklist and heads of terms for property development joint venture

Paul Sutton

This document provides a checklist of key issues to consider when setting up a joint venture for property development between a developer and a private investor. To access the checklist, click here. Once completed, the checklist can then be signed as non-binding heads of terms. The next steps would often include obtaining tax advice to […]

Uncategorised

Corporate simplification – dealing with contingent liabilities

Paul Sutton

This article is kindly contributed by Ben Woodthorpe of ReSolve, the restructuring and recovery practice. Ben’s contact details are at the end of the article. Removing dormant companies from a group may sound simple, but such tasks often pose difficulties. One such difficulty is how to deal with contingent liabilities when undergoing a programme of […]

Group Reorganisations

LCN Corporate Simplification Guide Part 8 – Using Decision Trees

Paul Sutton

This article forms part of our guide to corporate simplification and legal entity reduction projects. Links to the other parts of the guide are at the end of this article. Decision trees or flowcharts http://en.wikipedia.org/wiki/Flowchart can be a useful tool in corporate simplification projects, where a significant number of companies need to be dealt with. […]

Group Reorganisations

Help for Heroes and the Marathon Des Sables, a 150-mile footrace across the Sahara

Paul Sutton

Here is a message from Bill Adsett:   “In April 2014 I am taking part in the 29th Marathon Des Sables. This is a 6 day, 150 mile race across the Sahara desert carrying all my food and equipment. More detail can be found here. Preparing for this race has taken me 2 years of […]

LCN Updates

LCN Corporate Simplification Guide Part 7 – Preserving assets

Paul Sutton

This article forms part of our guide to corporate simplification and legal entity reduction projects. Links to the other parts of the guide are at the end of this article. If you are planning to remove dormant companies from your group, there can be a concern that the group might lose valuable assets in the […]

Group Reorganisations

LCN Corporate Simplification Guide Part 6 – Managing the Due Diligence process

Paul Sutton

This article forms part of our guide to corporate simplification and legal entity reduction projects. Links to the other parts of the guide are at the end of this article. Due diligence investigations form part of the wider processes which are undertaken to decide whether to go ahead with a particular set of steps, and […]

Group Reorganisations

Intercompany agreements for transfer pricing – when is backdating OK?

Paul Sutton

This article contains adapted extracts from our guide for Tax and Transfer Pricing professions on how to put in place effective intercompany agreements for transfer pricing. To receive your free copy of the guide in full, click here. One of the most common legal issues which arises in the context of intercompany agreements is whether […]

Group Reorganisations

Intercompany Agreements

LCN Corporate Simplification Guide Part 5 – The ‘corporate memory’ issue, and how to deal with it

Paul Sutton

This article forms part of our guide to corporate simplification and legal entity reduction projects. Links to the other parts of the guide are at the end of this article. The ’corporate memory’ issue is often one of the most difficult hurdles to overcome when implementing a legal entity reduction project. This is the problem […]

Group Reorganisations

Property JVs – how to avoid being caught by the AIFM Directive

Paul Sutton

The Alternative Investment Fund Managers Directive (AIFM Directive) applies to alternative investment funds (AIFs) that are managed or marketed in the European Union. In the UK, it has been implemented by the Alternative Investment Fund Managers Regulations which came into force on 22nd July 2013. Because the concept of an “alternative investment fund” is very […]

Uncategorised

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