A judgment of the General Court of the European Union opened the door to a fundamental review of the VAT treatment of intermunicipal associations and intermunicipal cooperation arrangements. Circular 2026/C/81 now confirms that the decades-old emanation theory is no longer tenable. What exactly is changing, and what does this mean in practice for your organisation?

The Act of 8 November 2023 reforms the status of administrators. From 1 September 2027, the person you appoint under your continuing power of attorney will, in principle, have to fall into one of two categories: a family administrator or a professional administrator.

A great deal has already been written about the tax regime governing capital gains tax. So far, however, less attention has been paid to its legal and contractual implications in the context of an acquisition. Yet it is precisely in the share purchase agreement, commonly referred to as an "SPA" in M&A terminology, that certain risks, responsibilities and arrangements need to be clearly defined.