LCN Legal Course in Intercompany Agreements for Transfer Pricing Compliance

An online learning course for International Tax and Transfer Pricing Professionals, In-house Counsel within Multinational Groups, and Lawyers in Private Practice. The course is listed by the UK’s Chartered Institute of Tax (CIOT) as a supplement to the ‘International Tax’ and ‘Transfer Pricing’ modules of the Advanced Diploma in International Taxation.


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“Course completed and my knowledge on ICAs much increased!  Really good, comprehensive and well-structured.”
 – Associate Director, Business Tax

Who this course is for

This new online course has been designed for three main types of people:

  • In-house legal counsel within multinational groups, who have been tasked with creating or updating the group’s intercompany agreements (ICAs), but who may not be familiar with the functionality which such agreements need to have in order for them to be tax audit-ready, and who may not be familiar with international best practice for implementing and maintaining intercompany agreements;
  • Transfer pricing and tax professionals, both in-house and in private practice, who want to help the group or groups they support to achieve a robust legal implementation of their transfer pricing policies; and
  • Lawyers in private practice, who have the opportunity to assist their clients with intercompany agreements, whether as a stand-alone project, or as part of a wider project or transaction, but who may not be familiar with transfer pricing or with how intercompany agreements need to differ from conventional agreements.


Overview and learning outcomes

Intercompany agreements are legal agreements which define the terms on which services, products and financial support are provided between related parties. For groups which operate internationally, intercompany agreements are the essential foundation for complying with transfer pricing regulations and for minimising the risk of double taxation or adverse TP adjustments and penalties. Intercompany agreements also play an important role in various other aspects of the operation of multinational groups, including subsidiary governance, asset protection, VAT / GST compliance, customs duties and exchange control.

This course will give you a greater understanding of:

  • the role which intercompany agreements play in transfer pricing compliance and corporate governance;
  • the key components of a system for creating, reviewing and maintaining intercompany agreements for multinational groups;
  • contractual approaches to the allocation of risk and reward in the context of TP compliance; and
  • best practice in the drafting, implementation and maintenance of intercompany agreements.


About the course provider

LCN Legal is described by the UK’s Chartered Institute of Tax as “a world leader in creating legal substance for Transfer Pricing compliance”, and this course is listed as relevant to the ‘International Tax’ and ‘Transfer Pricing’ modules of the Advanced Diploma in International Taxation’.

The course is lead by Paul Sutton, the author of the book ‘Intercompany Agreements for Transfer Pricing Compliance – A Practical Guide,’ published by Law Brief Publishing. The modules are co-presented with senior members of the team at LCN Legal who support multinational groups on their intercompany agreements on a day-to-day basis, and who also contribute to the LCN Legal Toolkit of Template Intercompany Agreements for Transfer Pricing compliance.



A 10-week online distance learning course comprised of 10 recorded webinars which are released weekly in sequence, and which participants can access and review in their own time.
Each module is between 45 and 60 minutes’ duration, and is followed by a self-assessment questionnaire so that participants can check their understanding of the course materials.


Course dates

Participants can select a course start date convenient to them, commencing on or after 1 July 2019.


Additional tutor support

Course participants will have the opportunity to address questions to the presenters at any time during the period of the course. Responses will be shared (on an anonymised basis) with other course participants.


Course contents

Module 1: Introduction to intercompany agreements (ICAs) and their role in TP compliance and corporate governance


  • Relevant provisions of the OECD’s Transfer Pricing Guidelines
  • The fundamentals of corporate and subsidiary governance
  • Implications of having defective ICAs and how to identify the gaps

Module 2: Key features of an effective system of ICAs


  • Starting with the end in mind: audit-ready ICAs
  • A typical process for creating, reviewing and maintaining ICAs
  • Non-transfer pricing issues affecting the form and content of ICAs

Module 3: Scoping projects for creating, reviewing or maintaining ICAs


  • Interpreting and applying TP policies to legal structures and ICAs
  • Identifying key transaction types / material intra-group supplies
  • Prioritising the creation and review of ICAs

Module 4: The format and structure of ICAs


  • Bilateral vs multilateral agreements
  • Best practice regarding drafting styles and structure of ICAs
  • The use of third party agreements for the purposes of ICAs
  • Treatment of arrangements between a company and its own branch / permanent establishment
  • Dealing with translations
  • Applicable law

Module 5: General principles for contractual allocation of risk and reward


  • The relationship between implied and express contractual terms
  • Duty defining
  • Control
  • Ownership or control of intangible assets
  • Limitation and exclusion of recourse – transfer of risk
  • Indemnities and counter-indemnities

Module 6: Typical transaction types – Services


  • Support services / back office services
  • Agents and commissionaires

Module 7: Typical transaction types – Goods


  • Key concepts: passing of risk and title, product liability and regulatory liability
  • Distribution and resale
  • Limited risk distributors and common mistakes

Module 8: Typical transaction types – Licensing of intellectual property


  • Licenses and franchise arrangements
  • Key contractual terms for intellectual property licenses
  • Relationship with sale of goods and supply of services

Module 9: Typical transaction types – Loan facilities and cash pooling


  • Bilateral loan agreements, loan notes and promissory notes
  • Overdrafts, term loans and revolving credit facilities
  • Cash pooling arrangements

Module 10: Pricing clauses


  • The relationship between transfer pricing methods and pricing clauses
  • ‘Agreements to agree’ and legal certainty in pricing provisions
  • TP / tax adjustment clauses
  • Fixed price approaches
  • Cost plus approaches – cost keys and allocation keys
  • Residual outcome approaches
  • Royalty-type approaches


Additional benefits for attendees

Attendees will receive the following additional benefits:

  • Certificate of completion, with 7.5 hours’ CPD credit
  • A free e-copy of the book ‘Intercompany Agreements for Transfer Pricing Compliance – A Practical Guide’ (RRP GBP 67 plus VAT)
  • 50% discount on the LCN Legal Toolkit of Template Intercompany Agreements (standard price GBP 3,850 plus VAT)
  • 50% discount on a ‘traffic light’ health check review of a sample ICAs (standard price GBP 4,750 plus VAT). This review compares a sample ICA provided by you with the contractual allocation of risk and functionality implicit in the TP documentation for the relevant group, to identify discrepancies which may raise unnecessary issues in TP or tax audits. For an anonymised sample traffic light review, click here.


Course price

GBP 2,050, plus VAT per person

GBP 995, plus VAT per person for additional staff within the same organisation registering with the same start date


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Total course price: £1,950+VAT

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Additional benefits

Benefit from the discounts below as part of your course booking. You can choose to add these as part of your registration now or at any point in the 3 months following enrolment.

Terms & Conditions

Enrolment: To reserve a place for Participants on a course, the Company must complete the relevant booking form and pay the requisite fees in full. After so doing, the Company will receive an email or letter from LCN Legal acknowledging receipt of the same (the “order confirmation”). Issuance by the Company of the order confirmation shall constitute the completion of a contract as between the Company and LCN Legal incorporating these terms and conditions.

Data Protection: LCN Legal is committed to safeguarding your personal data and will process the same in accordance with all applicable laws concerning the protection of personal information, including the General Data Protection Regulation 2018.

Cancellations and Refunds Policy: Every effort is made to avoid changes to our course programme, however LCN Legal reserves the right to withdraw or cancel any course. Where LCN Legal cancels a course, all course fees will be returned in full via the original mode of payment. You are permitted to cancel a course booking within fourteen (14) calendar days of receiving your order confirmation without giving any reason, and you are entitled to a full refund of the price paid. For the avoidance of doubt, the cancellation period will expire fourteen (14) days after the date the booking is confirmed as accepted by LCN Legal.

Applicable Law and Jurisdiction: These terms and conditions, and any matter arising in connection with them, shall be governed by the laws of England and Wales and the parties submit to and agree to be subject to the exclusive jurisdiction of the English courts.

About the presenters

Paul Sutton

Paul is the co-founder of LCN Legal and the author of ‘Intercompany Agreements for Transfer Pricing Compliance –A Practical Guide’. He trained as a corporate lawyer, mainly advising German, Swiss and Austrian clients on corporate and commercial transactions. He then joined KPMG’s law firm in the UK in 2001 and developed the specialism of advising multinational corporates on their group structures, working alongside international tax and transfer pricing professionals.

Ivan Hanna

Ivan trained at international law firm Baker & McKenzie and gained experience as a corporate lawyer in the firm’s London, Amsterdam and Moscow offices from 2003 until 2010. He then worked as an M&A and Integrations Legal Manager for global consulting group Accenture from 2011 to 2014, and subsequently acted as Senior Group Legal Counsel for The Phoenix Group (the UK’s largest life insurance consolidator). As part of his role at LCN Legal, Ivan works alongside transfer pricing and tax professionals globally to help multinational groups achieve legal substance in their transfer pricing policies.

Leiza Bladd-Symms

Leiza read jurisprudence at Oxford, and trained and qualified at ‘Magic Circle’ law firm Linklaters, where she practised out of the Sao Paulo and London offices. On leaving Linklaters, Leiza joined Clyde & Co LLP, another international law firm, where she remained for 8 years. Leiza joined LCN Legal from A J Walter Aviation, where she was Head of Legal and was responsible for a broad range of legal and regulatory matters. She now supports a range of clients in different countries on their corporate structures, including in particular cash pooling and central support services.

Our partners

We are delighted to partner with the following organisations in relation to our online course in intercompany agreements.