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Allen & Overy has lost its head of tax in the US to rival Baker & McKenzie. Robert DeJoy has joined the New York office of Baker & McKenzie as a tax partner focusing on international planning, controversy and transaction work. Dejoy was a senior tax partner in the New York office of Arnold & Porter before joining Allen & Overy two years, ago. He has been approached by Baker & McKenzie several times over the last few years, but decided this year that his practice warranted a more extensive international network than available at Allen & Overy. Serious discussions between Dejoy and Baker & McKenzie were underway for three or four months before Dejoy joined the firm.

90 Park Avenue, New York, NY 10016

Trevor James UK firm Bird & Bird has gone on a recruitment spree, poaching lateral hires in the UK and France. In the UK the firm has lured the former City head of tax at DLA to its London office. Trevor James joined the firm on July 1 after seven years at DLA. His recruitment follows the establishment of a tax team in Paris in June with a group of Andersen Legal lawyers, and earlier this year the firm also set up a tax practice in the Hague with another Andersen team. There is also a new office in Germany staffed with ex-Andersen employees, and it is likely that there will be further expansion of the tax practice.

Until recently, the Mexican income tax law permitted a transfer of shares during the restructuring of companies belonging to the same interest group at a value other than the value that would be used by independent parties in comparable operations. This rule applied as long as the price was not below the tax cost of the shares, and it was necessary to comply with certain requirements and secure approval from the tax authorities prior to carrying out such a restructuring.

Werksmans, the South African law firm, is strengthening its tax group with two lateral hires, including the former national chairman of Grant Thornton

Ernst & Young has acquired Andersen’s US real estate and structured finance group as the firm aims to develop its cross-border practice

The SEC has ordered Ernst & Young in The Netherlands to pay a $400,000 penalty for violating auditor independence rules

Investment in the Isle of Man is expected to increase following the local government announced plans to introduce a standard zero rate of income tax for business

The Japanese parliament has approved a bill amending the country’s corporate tax law to allow companies to offset group profits and losses