Design of tailored intercompany agreements
Different types of transaction require different ICAs.
A multinational might come to us because it is putting transfer pricing policies in place for the first time. Or perhaps because it is updating existing policies. Either way, the group will probably bring in transfer pricing advisers, who should explain that the legal implementation is a key part of the process, which therefore requires specialist help.
LCN Legal will review the group’s transfer pricing policies and documentation, and then create appropriate intercompany agreements for each key transaction type. These will include everything required to meet OECD standards. We can also help with the implementation of ICAs, by creating all the necessary individual agreements and arranging signatures (including electronically).
But our expertise is not the only reason to work with us. The way we work is just as important. Because we have a commercial legal background, we understand the big picture and the end result that’s required. We’ll work closely with other advisers to create joint drafts and proposals. We’ll explain the process before we start, and make sure that everyone knows everything they need to at every stage. We’ll make sure that all of the people who need to be involved in the project are identified.
We are not just experts in the technical issues, but also in the process: what the client is trying to achieve, how to bring in everyone that needs to be involved, and how to make it easy and painless for everyone.