Allen & Overy LLP

Tax Department

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What the team is known for Top-rated practice, widely recognised in the market for providing a broad range of global tax advisory services. Extensively experienced in advising on tax structuring issues for investment funds, with a particular focus on real estate and private equity investments. Additionally handles tax work related to large international transactions, including transfer pricing elements. Clients hail from the manufacturing, banking and oil industries.

Strengths Sources assert that the team consists of "knowledgeable and efficient attorneys who are well informed, transparent, and very quick to assist."

Clients appreciate the team's technical skills and client service: "I am always able to reach a partner and I get the correct answers. Their experience and technical skills are outstanding."

Interviewees are also impressed with the wider team, with one noting that the lawyers are "pragmatic, well organised and dynamic," and adding: "They have a large capacity to get things really moving."

Work highlights Advised Nordea Bank on the tax aspects of the sale of its Luxembourg subsidiary to UBS Europe.

Notable practitioners

Interviewees hail Jean Schaffner as "one of the best, if not the best, tax lawyers in Luxembourg," adding that "he is responsive, highly available, very concise and he gives clear advice." Schaffner acts on behalf of private equity funds, often assisting with transfer pricing and the tax aspects of IPOs. Interviewees assert that Schaffner is a "very quick thinker," also noting: "When you ask him a question he tries to find a solution and he elaborates on it. You can have an open discussion with him about the matters."

Patrick Mischo is often active on the tax aspects of large international transactions, as well as fund structuring and fund-related tax advice. One client points out that he is "straight to the point, well articulated and pragmatic," while other sources assert: "He always has good ideas and has a lot of experience. He is on top of everything within his team."