Europe

Stamp Duty Changes (21.2.2011)

By Audrey Healy, Partner, Property Department

Two rates of Stamp Duty now apply to Instruments/Deeds of Transfer/Conveyances/Assignments of Residential Property executed on or after the 8th of December 2010. The previous exempt threshold of €127,000 has been abolished. A new lower rate of 1% now applies where the purchase price does not exceed €1 million. A higher rate of 2% will apply to the excess of the price over €1 million.
In the case of a mixed property (residential and commercial) the consideration must be apportioned on a just and reasonable basis between the residential and the non residential elements of the property. Significant penalties/surcharges can apply if the apportionment is not just and reasonable.
Various reliefs and exemptions have been abolished with effect from the 8th of December 2010. They comprise the following:
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Lidings becomes strategic legal counsel in Russia to Chinese telecoms manufacturer ZTE Corporation

Lidings becomes strategic legal counsel in Russia to Chinese telecoms manufacturer ZTE Corporation

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Lidings announces the start of cooperation with Tetra Pak

Lidings announces the start of cooperation with Tetra Pak

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Offshore Wind Future Development Event

Our John Cowan and Liana Di Ciacca attended the Offshore Wind Future Development event organised by The City of Edinburgh Council in partnership with Scottish Enterprise on 13th January 2011. It was a hugely informative event highlighting the imminent growth in the offshore wind industry. We would be happy to help advise any business involved in the industry, either directly or through logistics or other support services.
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Looking to Move Office in 2011?

Miller Samuel are excited to announce they are recommended property solicitors for Help Moving Office.

Help Moving Office provides businesses with the information, guides and contacts needed for a successful office move. Help Moving Office guides you through the office relocation process and gives you the information you need to make the right decisions at the right time. Check out their website at http://www.helpmovingoffice.co.uk/ for useful relocation advice and contacts.

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Lidings announces the start of cooperation with the candidate to participate in the innovational project «Skolkovo» – DuPont corporation

Lidings announces the start of cooperation with the candidate to participate in the innovational project «Skolkovo» – DuPont corporation

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Lidings Named Foreign Business Advisory Law Firm of the Year in Russia

Lidings Named Foreign Business Advisory Law Firm of the Year in Russia

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Lidings has authored the title "An Introduction to Russian Business Law"

Lidings has authored the title “An Introduction to Russian Business Law”

Lidings, the Russian law firm dedicated to advising foreign companies on all aspects of Russian law, has recently authored the title “An Introduction to Russian Business Law”. Published by Aspatore Books, a Thomson Reuters business, this book discusses key aspects of Russian business law, providing an overview of theoretical legal issues as well as concentrating on practical areas of the law and analyzing recent findings from court cases.

Along with descriptions of the major fields within Russian business law, such as corporate, foreign investment, competition, employment, litigation, and arbitration, this book emphasizes the legislative regulation of specific business areas, including mining, banking and insurance, telecommunication, pharmaceutical, construction, retail, and others.

The authors also focus on more practical topics, from conducting legal due diligence in Russia to providing recommendations to investors on what corporate structure to choose.

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The ‘Retirement’ of the Default Retirement Age?

The Employment Equality (Age) Regulations were introduced in 2006. One of the most significant changes introduced by the regulations was that of a Default Retirement Age (“DRA”) which made it possible for an employer to fairly dismiss an employee on the ground of retirement once they reached the age of 65. So long as the employer complied with the statutory procedure, any dismissal on the ground of retirement would be fair.

This law has been under constant scrutiny since its introduction, even leading to Age Concern raising a legal action against the UK Government which was pursued all the way to the European Court of Justice. Whilst the (then Labour) Government successfully resisted this action, they did give an indication that the DRA would be reviewed in 2011. This is a nettle which has been firmly grasped by the new coalition Government who have now announced plans to phase out the DRA by 1 October 2011.

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Miller Samuel Shortlisted at Law Awards of Scotland 2010

We are delighted to announce that we have been shortlisted for three categories at the prestigious Law Awards of Scotland 2010. The awards are a recognised highlight in the Scottish legal community and celebrate, in their own words, “fantastic thinking and brilliant execution”.

We are shortlisted in the following categories:

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