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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.

Free Webinar on how to you can easily introduce document automation

Paul Sutton

I’m really passionate about the potential of document automation. At LCN, we use it for relatively straightforward things like engagement letters and proposals, and for more complex suites of documents such as inserting a new holding company into a group. We also apply automation to external-facing workflows, such as our free tool for scoping out…

Group Reorganisations

LCN Updates

Intercompany Agreements

Thank you to everyone who helped us support the MACS charity in the London Marathon

Paul O’Regan

Xiaofang completed the London Marathon on Sunday, in a very respectable time of 5h 15m. More importantly, together we hit our target of raising £2,000 for the charity MACS, which helps children born without eyes or with underdeveloped eyes. Thank you very much to everyone who donated and who supported Xiaofang in any way. As…

Intercompany Agreements

Intercompany agreements for transfer pricing compliance in regulated groups

Paul Sutton

For regulated groups such as those in the financial services sector, regulatory considerations usually ‘trump’ transfer pricing optimisation. This is for obvious reasons: regulatory compliance is the ‘ticket to play’, as non-compliance can be an existential threat. Special considerations apply to intercompany agreements for these groups. If a regulated entity procures services from another entity,…

Intercompany Agreements

In celebration of German Unity Day

Paul Sutton

As today is German Unity Day, I thought it would be appropriate to celebrate something that embodies one of that country’s many strengths. Even though our focus at LCN Legal is global and not country-specific, Germany has a very special place in my heart. As part of my law degree I spent a…

Intercompany Agreements

When is it appropriate to ‘backdate’ Transfer Pricing policies?

Paul Sutton

We often get asked whether it is legally possible to backdate intercompany agreements. (Answer: it depends.) But what about backdating of transfer pricing policies themselves? We recently came across the advice below from the TP function of a Big 4 firm: “We note the new formalised TP policy was signed in ***** 2022 but backdated…

Intercompany Agreements

Responsiveness in transfer pricing, tax and legal advice: what standards do you set?

Paul Sutton

I find this a fascinating subject. When I’m a consumer of services, responsiveness is really important to me. So if I send an email asking for help with something, I want: * a prompt (i.e. same-day) acknowledgement of my query * a clear ETA for the relevant deliverables * the deliverables to be actually delivered…

Intercompany Agreements

Do intercompany agreements align with TP policies? Three things to check

Paul Sutton

Here’s how to check that a group’s intercompany agreements (ICAs) align with its TP policies. 1. Identify the intercompany transactions types which feature in the group’s TP policies. If necessary, prioritise for risk and materiality. 2. Check samples of the ICAs actually in place for each transaction type. In each case, consider (i) whether subject…

Intercompany Agreements

Breaking news: scientists slam lawyers for dodgy drafting

Paul Sutton

A recent newsletter from Richard Tromans’ Artificial Lawyer blog (which is well worth subscribing to, by the way) reports on a study by the Massachusetts Institute of Technology which found that a lot of contracts drafted by lawyers are hard to read. I don’t think anyone would seriously argue with that. The same criticism might…

Intercompany Agreements