• Offshore Services - Turks & Caicos Islands

  Government relaxes tax on land holding company equity transfers

  In 1992 the government enacted the Land Holding Companies (Transfer Duty) Ordinance, which effectively imposed a tax at the rate of 8% on any transfer of equity in a TCI land holding company. However, the government has now announced new measures to ensure that the issuance of new equity in TCI land holding companies is taxed at a nominal rate of 0.2%, rather than the previous rate of 8%.

• Shipping & Transport - Hong Kong

  Criminalizing seafarers: should shipowners and managers bear more responsibility?

  The criminal law is increasingly invoked when serious shipping casualties occur. However, criminalizing seafarers - rather than pursuing shipowners and managers for poor management or lax safety procedures - arguably has as much to do with deterrence and retribution as with compensating those who have suffered loss. A recent collision case illustrates many of the contentious and problematic issues for the industry.

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• $282 million rights issue

  First Pacific Company Ltd Davis Polk & Wardwell - William F Barron, Eugene C Gregor, James C Lin; Richards Butler LLP
  Syndicate of underwriters

• €2.2 billion acquisition

  EQT III fund Hengeler Mueller - Maximillian Schiessl, Wolfgang Meyer-Sparenberg; Clifford Chance LLP - Alan Inglis
  GIC Fund Hengeler Mueller - Maximillian Schiessl, Wolfgang Meyer-Sparenberg
  Springer Science+Business Media Freshfields Bruckhaus Deringer LLP - David Sonter

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