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TAX
We
advise on taxation of gas exploration and production operations, tax
issues regarding concession, participation, and joint operating
agreements, corporate restructuring, operations of airline companies,
reimbursement of VAT, customs; we represent clients in disputes with
the tax authorities. In 1992, we obtained the first Opinion Letters
from the Ministry of Finance on tax issues in relation to petroleum
exploration and production contracts signed by foreign investors. We
advised accounting firms on various legal issues.
We
advised:
- DB Energy
Commodities, a subsidiary of Deutsche
Bank re advice on taxation
of cross-border electricity trading operations, Value Added Tax (VAT)
related to electricity trading transactions;
- Merrill Lynch
Commodities (Europe), a major
commodities trading company,
re advice on taxation of cross-border electricity trading operations,
Value Added Tax (VAT) re electricity trading transactions;
- Statkraft
Markets, a leading
European electricity trading compay
re recovery of VAT re electricity trading transactions, tax court case;
- Gazprom
Marketing & Trading,
a major energy conglomerate re
taxation of parent/subsidiary cross-border electricity trading
operations, VAT issues;
- Kudu Industries
re taxation of the compensation of expat management;
- Worldspan
Romania re VAT recovery,
successful resolution of tax
disputes;
- Wizz Hungary
re tax issues in relation to restructuring of Romanian operations;
- Novabase
Portugal re taxes payable by
employer/employee, taxation of
compensation of independent contractors;
- Prolemn,
a subsidiary of Kastamonu Entegre
Turkey re reimbursement of
VAT, customs issues;
- Estee Lauder
International re tax issues
in relation to restructuring of
Romanian operations;
- 3M Corporation
re tax issues in relation to restructuring of Romanian operations;
- Forest Oil
re tax issues re a Concession Agreement, Participation Agreement, and
Joint Operating Agreement, VAT recovery;
- Amromco Energy
re tax issues re gas exploration operations;
- Price
Waterhouse and Deloitte & Touche
re start up of their
operations in
Romania;
- ARCO
re
tax issues re petroleum exploration and production contracts;
- Amoco
re tax issues re petroleum exploration and
production contracts.
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