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  • Janusz Fiszer (pictured left) has joined the GESSEL law office in Warsaw as a partner. His practice covers international tax as well as M&A and other areas of law.
  • Nigerian transfer pricing rules are still in their relative infancy, but taxpayers must take adequate steps to prepare now if they are to effectively identify risk areas and plan with both the company policy and the prospect of audit in mind. Victor Adegite of KPMG Nigeria provides an overview and looks at what lessons can be learnt from experiences around the world.
  • Tax executives are feeling the heat as governments around the world increase enforcement, initiating more audits and disputes. Some, though by no means a majority, believe a concept known in different jurisdictions as horizontal monitoring, enhanced relationships or cooperative compliance may be the key to an improved relationship between both sides.
  • French authorities have released draft guidelines for legislation enacted at the end of December targeting hybrid mismatch arrangements, an aspect of international tax practice the OECD is also seeking to tackle as part of its BEPS Action Plan.
  • The total tax contribution of the UK’s biggest companies rose by £500 million ($820 million) on 2012, despite corporation tax revenues falling sharply. And, for the first time, employers’ national insurance contributions overtook corporation tax as the biggest source of tax revenue from the 100 Group of Britain’s biggest companies.
  • Fuad Saba has joined the Chicago office of WTP Advisors as head of international tax client services for the Midwest region.
  • Anne Lemercier, Michiel Sunderman and Mike Seaton will become tax partners of Clifford Chance from next Thursday, May 1.
  • *Type of Deal Value Issuer/Borrower Lead managers/arrangers Adviser to issuer/borrower (tax) Adviser to lead managers (tax) Senior notes offering $2.75 billion Pict Morgan Stanley Morgan Stanley Davis Polk & Wardwell - Po Sit, Andrew Smith Sidley Austin Bond issue $2.4 billion Greenland Hong Kong Goldman, Sachs Conyers Dill & Pearman Linklaters Notes offering $750 million General Mills Citigroup Global Markets; Goldman, Sachs; Morgan Stanley Dorsey & Whitney Davis Polk & Wardwell - Lucy Farr Reinsurance transaction $200 million Aetna and Vitality Re V Goldman, Sachs; BNP Paribas Securities Group Maples & Calder; Allen & Overy Cadwalader, Wickersham & Taft Common stock offering $115 million Keryx Biopharmaceuticals JP Morgan Securities Alston & Bird Davis Polk & Wardwell - Rachel Kleinberg, Joseph Pahl Follow-on common stock offering $72 million XenoPort Credit Suisse Securities Davis Polk & Wardwell - Rachel Kleinberg, Catherine Paskoff Chang Common stock offering $55 million NanoString Technologies JP Morgan Securities; Morgan Stanley Wilson Sonsini Goodrich & Rosati Davis Polk & Wardwell - Rachel Kleinberg, Catherine Paskoff Chang
  • Nikolaj Bjørnholm is the newest tax partner at Plesner in Copenhagen after a three year stint as head of Hannes Snellman's Danish tax practice.
  • Claudio Grisanti has become a partner of Norton Rose Fulbright in Rome. He advises clients on the taxation of financial products; international taxation and planning; tax litigation; and tax aspects of M&A.
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