Announcements, press coverage and firm updates from LCN Legal — including new publications, awards, events and workshops for multinational groups and their advisers.
When we’re reviewing intercompany agreements, we look at four key areas of alignment with TP policies: the delineation of the transaction, the risk allocation, the treatment of IP and intangibles, and the pricing. We also look at a fifth area, namely general fitness for purposes. This includes obvious things such as whether the parties…
Corporate groups tend to acquire more and more legal entities over time – whether as a result of M&A activity, SPVs created for specific projects or (in some cases) tax planning. Most groups therefore need to clear out unnecessary entities from time to time. Some larger groups have in excess of 1,000 legal entities, and…
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…
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…
It’s TP Minds International this week, and I’m looking forward to contributing to a panel discussion on ‘Managing TP Audits and Defending Your TP Position’ on Wednesday 16th at 13.05 BST. The discussion will feature Catherine Harlow, Head of TP at AstraZeneca and Kurt Wulfekuhler, TP Director at Verizon Communications, and will be chaired by Anton Hume,…
We are delighted to be featured in the Financial Director, the publication for Senior Financial Professionals working in the UK. The article covers the topic “Why CFOs must have robust intercompany agreements”. You can read the full article here.
We are delighted to have an article published in Transfer Pricing Week (TP Week). TP Week provides outstanding and market leading news, analysis and comment on the biggest transfer pricing issues worldwide. The article written by Paul Sutton, Partner at LCN Legal, describes the pitfalls to avoid when rolling out intercompany agreements for Transfer Pricing….
LCN Legal has announced the publication of a new and updated version of its guide to putting in place Intercompany Agreements for Transfer Pricing. The guide is a practical resource for multinational corporates and their advisers, who need to put in place robust intercompany agreements to support their transfer pricing compliance. To access your free…
It’s been a little over a year since LCN Legal first opened its doors. We thought it would be a good time to ask our clients how we’ve been doing, so that we can take on board any feedback and improve the service we provide. We are delighted to report that we have been rated…
New law firm LCN Legal is launched, with the objective to complete projects for clients quickly and efficiently as possible, giving them the legal support they need when they need it, and the knowledge that they are in good hands. The firm’s main focus areas are legal implementation of group reorganisations and corporate simplification projects,…