In a ruling dating from January 18th 2018 (1), the Paris Administrative Court confirmed the administration’s reconsideration of the deductibility of interest in majority shareholder loans granted during an LBO. This decision confirms the administration’s strict position in which it systematically requires a preliminary and hard loan offer from a bank to justify that the […]
Three new rulings on April 19th 2018* of the Nantes Administrative Court of Appeal shed new light on compensation tax issues, notably on (i) sectoring justifications, (ii) presumption of transversal activities for managers, and (iii) dividend tax as calculated in the liability report. Sectoring and justifications In the first ruling (Nantes ACA, April 19 2018, […]
Arsene advises Ardian in the sale of its minority stake in Piz’Wich to Frostkrone Arsene advised Ardian, an international leader in private investment, as it performed the sale of its minority stake in Piz’Wich, a major player in the to-go snacking industry. Ardian Growth sold its stake to Frostkrone, a European leader in frozen hors […]
French law office Arsene, dedicated exclusively to tax issues, has released results of its 6th Real Estate Tax Barometer: –63% of respondents have a positive opinion of President Macron’s tax measures. However, only 31% of respondents are satisfied with real estate measures. –Less than half (45%) of respondents were subject to tax inspection in 2017, […]
Arsene advised Abénex in the acquisition of Groupe Silvya Terrade from Apax Partners Development. Groupe Silvya Terrade is the largest network of cosmetic and hairstyling schools in France, preparing students for all types of Aesthetic, Cosmetic, Fragrance and Hairstyling diplomas with over 4,800 students per year in their schools across France and Switzerland. The group […]
IK Investment Partners has announced the start of exclusive negotiations to take a stake in Questel, IP software and service supplier. This comes three years after the investment of Raise and Capzanine in Questel. Questel is a former division of France Telecom and earns most of its revenue from databases that record patent filing in […]
The new tax treaty between France and Luxembourg may come into effect starting January 1st 2019. Our office is here to give you straightforward, direct and immediate information to help you anticipate and control these deep-seated changes in real estate. To do so, the Real Estate unite at ARSENE will be organizing a web presentation […]
Report in Les Echos Executives, March 19th 2018
Arsene and the Taxand network (UK, Italy, Belgium) advised Alstom in signing an agreement to acquire 21net from Innovacom and other investors. 21net provides Embedded Web services and info-entertainment for the rail industry. Its Embedded Web Solutions are founded on satellite, cellular, and wireless broadband technology thanks to antenna located along the railway. The company […]
Arsene advised Ardian Real Estate in preparation for the acquisition of a building located Place de Rio-de-Janeiro near Monceau Park as well as Europe 1 headquarters located Rue François 1er in the heart of the Paris Golden Triangle. Two pending sale agreements were signed to acquire the two office buildings. The first transaction relates to […]
Arsene advised BMO Real Estate Partners in the final steps of the acquisition of luxury retail space on 50 rue du Faubourg Saint Honoré in the 8th arrondissement in Paris for its Pan-European real estate investment fund Total retail space is nearly 1,000 square meters and was fully renovated in 2012. The transaction, both a […]
On February 7th 2018, the tax administration added a new development to its VAT doctrine on plastic surgery, reconstructive surgery, and aesthetic surgery operations to comply with EU law (BOI-TVA-CHAMP-30-10-20-10, Feb. 7th 2018). An opportunity to review litigation that has lasted for a while and question the true impact of this evolution. Quick look, Revue […]