Avocado Roundup is a quick morning review of top tax, legal, and climate news stories. It’s written by humans.
- African leaders capped their three-day climate summit in Nairobi, Kenya, with a joint proposal for a global carbon tax to fund the fight against climate change. (BBC) (Carbon Pulse)
- Denmark’s supreme court ruled against Danish shipping and logistics company Maersk and French group TotalEnergies in a $187 million tax evasion case accusing the companies of abusive transfer pricing in their Algeria and Qatar units. (TradeWinds) (Splash247)
- Shearman & Sterling lost Paris managing partner Xavier Norlain and three other M&A and private equity partners who left for Proskauer Rose ahead of Shearman’s planned merger with UK elite firm Allen & Overy. (Financial News)
- Hughes Hubbard & Reed announced Thursday that its international arbitration head for Europe, partner Sébastien Bonnard, is the new managing partner of its Paris office. He takes over from anti-corruption and internal investigations partner Bryan Sillaman, a former US Securities and Exchange enforcement lawyer who had led the office for five years. (HughesHubbard.com)
- France’s 2024 budget will eliminate a tax break for non-road use of diesel fuel in the agriculture and building industries, as part of a tax policy shift to favor green investments, Economy Minister Bruno Le Maire announced Thursday. Le Maire stressed that France’s road-transport industry won’t be affected by the tax hike, to protect its competitiveness. However, he said French truckers already pay more diesel fuel tax than truckers pay in Italy and Spain. (FranceInfo)
- Dentons’ Vietnamese branch Dentons LuatViet hired veteran tax and transfer pricing lawyer Phan Thi Lieu as senior partner in Ho Chi Minh City. She’s former Vietnam head of tax at French firm Gide Loyrette Nouel and has had senior roles at Deloitte, EY, and PricewaterhouseCoopers. (DentonsLuatViet.com)
- Big Law firms are aren’t doing much with LinkedIn but corporate counsel use it regularly, according to a report. (Law360)
