All material subject to strictly enforced copyright laws. © 2022 ITR is part of the Euromoney Institutional Investor PLC group.

Paynter reaches partnership at Herbert Smith Freehills

Hugh Paynter, a dispute resolution lawyer, has become a partner of Herbert Smith Freehills in Sydney.


Paynter has acted in major, high-value tax disputes that have dealt with a range of issues and industries, such as for National Australia Bank in litigation with more than A$900 million ($922 million) at stake concerning international hybrid capital raisings (the $1 billion ExCaps and $450 million TrUEPrS), involving general deductibility, Part IVA (anti-avoidance) and transfer pricing issues; Lend Lease in its successful defence of a $95 million Part IVA and capital gains tax dispute concerning its A$365 million Westpac warrant transaction and the Cross City consortium in a A$60 million land rich stamp duty dispute involving significant valuation issues.

More from across our site

The Cypriot government is set to increase tax certainty and make Cyprus more attractive to foreign investment after finally passing TP legislation aligned with OECD standards.
Amazon, Cisco, and Microsoft’s largest investors are lobbying for the GRI tax transparency standard, but this could be the start of a trend in shareholder activism.
Companies are waiting for the Canada Revenue Agency to provide more guidance on TP following the Cameco case, particularly over the issue of recharacterisation.
ITR is delighted to reveal all the shortlisted firms, teams and practitioners – winners will be announced on August 25
Multinational enterprises run the risk of hefty penalties if the company in question fails to register for VAT when providing electronic services in South Africa.
Tax directors have urged companies to ensure they have robust tax risk management controls when outsourcing tax functions.
Japan reports a windfall from all types of taxes after the government revised its stimulus package. This could lead to greater corporate tax incentives for businesses.
Sources at Netflix, the European Commission and elsewhere consider the impact of incoming legislation to regulate tax advice in the EU – if it ever comes to pass.
This week European Commission officials consider legal loopholes to secure minimum corporate taxation, while Cisco and Microsoft shareholders call for tax transparency.
The fast-food company’s tax settlement with French authorities strengthens the need for businesses to review their TP arrangements and documentation.
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree