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

Arbitration under fire in France

The lengthy process involved in arbitration matters, sometimes taking up to six years to reach a resolution needs to be changed, says a leading adviser.

The panellists aim to bring attendees right up to date on the complexities of the French system.

“We will start with a general overview of the legal framework,” said Cyril Maucour, a partner at Baker & McKenzie in Paris, who will feature on the panel.

“There have been two landmark cases [involving Man hedge fund and Société Novartis Groupe France] and we will discuss the implications of the decisions,” he continued.

The session which Pierre Yves Bourtourault a partner at Baker & McKenzie in France will chair, will also cover the introduction of documentation requirements in France at the beginning of next year, experiences in tax controversies, the competent authority process and  arbitration .

“We will discuss whether arbitration works, it is a lengthy procedure and can take up to six years to reach a decision,” said Maucour. “The procedure is quite burdensome to taxpayers.”

Catherine Damelincourt, head of tax at electricity company EDF in France, will comment on the use of advance pricing agreements.

The other panellists are Olivier Schnebelen of aircraft and communication equipment manufacturers, Safran and Philippe Thiria, head of tax at Unilever, manufacturer of food, home care and personal products.

For further information on other panels and on attending the forum please click here.



more across site & bottom lb ros

More from across our site

The Italian government published plans to levy capital gains tax on cryptocurrency transactions, while Brazil and the UK signed a new tax treaty.
Multinational companies fear the scrutiny of aggressive tax audits may be overstepping the mark on transfer pricing methodology.
Standardisation and outsourcing are two possible solutions amid increasing regulations and scrutiny on transfer pricing, say sources.
Inaugural awards announces winners
The UN’s decision to seek a leadership role in global tax policy could be a crucial turning point but won’t be the end of the OECD, say tax experts.
The UN may be set to assume a global role in tax policy that would rival the OECD, while automakers lobby the US to change its tax rules on Chinese materials.
Companies including Valentino and EveryMatrix say the early adoption of EU public CbCR rules could boost transparency of local and foreign MNEs, despite the short notice.
ITR invites tax firms, in-house teams, and tax professionals to make submissions for the 2023 ITR Tax Awards in Asia-Pacific, Europe Middle East & Africa, and the Americas.
Tax authorities and customs are failing multinationals by creating uncertainty with contradictory assessment and guidance, say in-house tax directors.
The CJEU said the General Court erred in law when it ruled that both companies benefitted from Italian state aid.