LCN Updates

The Asian Women of Achievement Awards 2022

Our CEO, Xiaofang Sutton, has been shortlisted for this year’s Asian Women of Achievement Awards, in the Entrepreneur category. Everyone at LCN is enormously proud and happy that Xiaofang has been recognised in a very impressive group of nominees. The Asian Women of Achievement Awards were founded by Pinky Lilani CBE DL in 1999. They…

LCN Updates

Join us at TP Minds Americas on 18th and 20th April

Paul O’Regan

This year we are again sponsoring the TP Minds America conference. We’ll be taking part in three events. On 18th April, Paul Sutton will participate in a workshop hosted by BDO on the co-ordination of transfer pricing with customs and trade considerations. On 20th April, Leiza Bladd-Symms will take part in a panel that will examine…

Group Reorganisations

LCN Updates

Intercompany Agreements

Live Workshop on 17 March: Intercompany Agreements for Financial Transactions

Paul O’Regan

The first in our new series of free workshops were a great success – thanks very much to everyone who participated, and especially for all the questions and comments. You’ll find a recording of one of the sessions here. We think you’ll find the second workshop just as useful. We’ll go through the basics of the…

LCN Updates

Intercompany Agreements

Welcome to The Year of the Tiger

Paul Sutton

We just wanted to take a moment to wish you a happy Chinese New Year. Today, 1 February, is the first day of the Year of the Tiger. Your Chinese sign is probably Tiger if you were born in 1950, 1962, 1974, 1986 or 1998. Both Xiaofang and I have strong Chinese connections (she was…

LCN Updates

Carbon net zero: can you be more helpful than Bill Gates?

Paul O’Regan

We’re sure you agree that huge, eye-catching changes will only be part of the solution to the climate crisis. It is just as important that small businesses and individuals do what they can too. At LCN Legal – without looking for any praise in return – we want to do our bit. But exactly what…

LCN Updates

Are you going to amputate the wrong leg? Webinar Registration

Paul Sutton

According to the OECD’s TP Guidelines, analysing the contractual allocation of risk in intracompany agreements (ICAs) is the second step for pricing risk, after you’ve identified which risks are relevant. Comparables aren’t comparable, unless the risk allocation is at least similar. This makes complete sense. In our day-to-day lives, we all instinctively factor in contractual…

LCN Updates

Live Workshop for TP Advisers: Scoping Local Sales Entities

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In our experience, MNEs screw up their arrangements involving local sales entities more often than any other intercompany transaction type. We’re talking here from the perspective of legal implementation of TP policies. Why does this matter? Because the transaction will fail at Step 4 of the OECD steps for analysing risk and pricing transactions, since…

LCN Updates

Workshops – bring together representatives of the key in-house functions involved (e.g. tax, finance, legal, compliance and risk).

Paul Sutton

I’ve lost count of the number of transfer pricing articles I’ve read over the last couple of months which tell their readers to “review your transfer pricing policies” and “update your intercompany agreements” in the light of recent economic circumstances. This is undoubtedly good advice. The problem is that few TP or tax professionals know…

LCN Updates