Hogan Lovells

Hogan Lovells advises Shire in ex-U.S. closing of its US$2.4bn business sale to Servier S.A.S.

Hogan Lovells represented global biotechnology company Shire plc. in the ex-U.S. closing of the sale of its oncology business to Servier S.A.S., an independent international pharmaceutical company, for US$2.4 billion in cash.

Hogan Lovells advises RiverRock on its investment in Euroscut Azores

Hogan Lovells Luxembourg advises RiverRock European Capital Partners LLP on its acquisition of an 89.2% stake, alongside Horizon, in Euroscut Azores, a Portuguese shadow toll road.

Hogan Lovells advises Portland Private Equity on setup of Luxembourg fund Portland Caribbean FundIII

Global law firm Hogan Lovells has advised Portland Private Equity on the setup of their Luxembourg investment fund Portland Caribbean Fund III. The fund hits first close at US$100 million out of a total US$350 million target.

Minimum Net Wealth Tax (“minNWT”) regime considered partially unconstitutional

The constitution court ruled partially unconstitutional the minimum net wealth tax in Luxembourg. See below the positive impact of such decision.

Useful Luxembourg court case on interest free loans

Interest free loans – new Luxembourg court case provides useful clarifications regarding their qualification as debt or equity.

A cleaned-up Luxembourg companies law after the summer break

On 19 July 2023, the Luxembourg Parliament adopted a draft bill which mainly aims at rectifying certain clerical errors and addressing certain inconsistences and uncertainties notably in the Luxembourg law on commercial companies, without however making substantial changes. Key takeaways below.

Luxembourg implements the European digitalisation directive

The transposition of the Digitalisation Directive is part of the European Commission's strategy to achieve a digital single market in Europe and aims to facilitate companies and branches' formation, and the filing of documents and information fully online.

Luxembourg upgrades its legislative toolbox for the fund industry

This new law aims to further increase the competitiveness of the Luxembourg fund centre. Key changes to the product laws are made in the context of the retailization of private funds and should support the development of new European products.

New double tax treaty between Luxembourg and the UK

On 19 July 2023, the new convention between Luxembourg and the United Kingdom was ratified by the Luxembourg Chamber of Representatives. It reflects the last development of the OECD standards in relation to base erosion and transparency. Here is an overview of its most important provisions.

Advised Timberland Investment Resources Europe on its third investment fund in Luxembourg

Hogan Lovells has advised Timberland Investment Resources Europe (TIR), a London-based asset manager investing in forestry and timber, on setting up their third Luxembourg fund, in the form of a reserved alternative investment fund (RAIF).

All roads lead to Luxembourg – why the Grand Duchy matters to Asia Pacific private capital

Luxembourg is the largest centre for funds in the world outside the United States (U.S.). The country offers much for Australian PE investors. We look at what makes it so attractive.

Emmanuel Lamaud is promoted to Corporate counsel

Emmanuel Lamaud is promoted to counsel in Hogan Lovells corporate practice.

Ariane Mehrshahi Marks is promoted to Banking & Capital Markets partner

Ariane Mehrshahi Marks is promoted to partner, heading now the Hogan Lovells (Luxembourg) Banking & Capital Markets practice.

Dr Wojciech Marchwicki is now a partner in the Hogan Lovells law firm

As of 1 January 2023, Dr Wojciech Marchwicki, who has been with the firm's Warsaw office since 2016, is now a partner in the Hogan Lovells law firm.

Hogan Lovells advises RiverRock on its investment in Pinhal Interior sub-concession

Hogan Lovells has advised RiverRock European Capital Partners LLP on its acquisition of a minority stake in Pinhal Interior sub-concession, a Portuguese availability and inflation protected PPP road.

FastLane, a faster admission to LuxSE’s EuroMTF market

FastLane now gives access to the Euro MTF market of the Luxembourg Stock Exchange for non-European sovereigns and corporate issuers whose shares are listed on an EU Regulated Market without the requirement of a prospectus approved by the Luxembourg Stock Exchange.

Hogan Lovells advises Millicom on its US$746 million rights offering

Hogan Lovells has advised on the approximately US$746m rights offering of Millicom International Cellular S.A. The rights offering was fully subscribed, and a total of 70,357,088 new shares were issued, including shares represented by Swedish Depositary Receipts.

ATAD3, DAC7: Will there be an end to the series?

The acronyms “ATAD” and “DAC” have increasingly become buzzwords in the world of international tax advisors and even beyond the frontiers of the tax community. Not a week goes by without having to deal with a question in relation to ATAD or DAC.

ATAD 3 or the importance of adequate substance

On 22 December 2021, the European Commission published a proposal directive, which aims to prevent the misuse of shell entities for improper tax purposes; entities which are indeed viewed by the EU Commission as vehicles likely to be used for aggressive tax planning or tax avoidance purposes.

Hogan Lovells advises PATRIZIA on the sale of office buildings portfolio in Warsaw

Hogan Lovells advised PATRIZIA on tax issues related to the sale of 15,400 sqm office buildings portfolio in Warsaw to VIG Fund, a real estate vehicle from Vienna Insurance Group.

Hogan Lovells advises on one of the largest Polish securitisation transactions

The Warsaw and London offices of Hogan Lovells advised the arrangers, Crédit Agricole Corporate & Investment Bank SA and StormHarbour Securities LLP, on the securitisation of a portfolio of lease receivables worth PLN 2.2 billion, originated by Europejski Fundusz Leasingowy S.A.

Planned introduction of VAT groups in Poland

On 31 May 2021, the Ministry of Finance officially posted on its website information concerning the planned introduction of VAT group regulations in Poland. At the same time, a draft amendment to the Act on Value Added Tax was published for pre-consultation.

Założenia programu Polski Ład

Koalicja rządząca ogłosiła założenia programu Polski Ład. Program ten przewiduje istotne zmiany oraz inwestycje w wiele obszarów życia gospodarczego, społecznego, kultury, zdrowia i edukacji, i zgodnie z deklaracją jego autorów, ma stanowić kompleksową strategię przezwyciężenia skutków pandemii.

When corporate lawyers don’t speak to tax lawyers and vice versa…

A recent judgment from the Luxembourg administrative tribunal of 11 May 2021 illustrates the unpleasant consequences which may result when corporate and tax aspects are not aligned.

Hogan Lovells Luxembourg promotes Simon Recher to senior associate

Simon assists investment professionals with structuring and establishing investment vehicles, either in regulated or unregulated form, investing in various types of assets.

DLT and issuance of dematerialised securities in Luxembourg

New Luxembourg Law adopted which aims at modernising the existing legal framework for dematerialized securities, notably by explicitly recognising the possibility to use secure electronic registration mechanisms, for the purpose of issuing dematerialised securities.

Hogan Lovells advised Och-Ziff Real Estate on the €86 million sale of its portfolio of warehouses

The Warsaw Hogan Lovells office advised an American investment fund Och-Ziff Real Estate on the €86 million sale of its portfolio of five warehouses located in Poland to Tristan Capital Partners and White Star Real Estate.

Hogan Lovells advises PATRIZIA on the sale of Ujazdowskie 10 office building in Warsaw

Hogan Lovells advised PATRIZIA Frankfurt Kapitalverwaltungsgesellschaft, a German real estate investment funds management company, on the tax aspects of the sale of the Ujazdowskie 10 office building in Warsaw to Syrena Real Estate

Hogan Lovells advises PATRIZIA on the sale of the Młodziejowski Palace

Hogan Lovells advised PATRIZIA Frankfurt Kapitalverwaltungsgesellschaft, a German real estate investment funds management company, on the tax aspects of the sale of real estate located at Miodowa 10 in Warsaw - Młodziejowski Palace to FAA Real Estate

The Hogan Lovells Warsaw office advises ISOC Group in the acquisition of the Silesia Business Park

The Hogan Lovells Warsaw Office have advised ISOC Group in the acquisition of the A and B buildings of the Silesia Business Park from the Swedish investor, Niam.