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Orsted Loses Top UK Court Case Over Wind Farm Tax Break

By Sophia Dourou

A Danish wind farm company cannot claim tax relief on pre-development costs for building wind farms, Britain's top court held on Wednesday, ruling that the costs are not sufficiently connected to the provision of plants and machinery.


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Top Stories
  • Sign for a life assurance, pensions and savings company on the wall outside a branch in Edinburgh, Scotland.
    Freshfields-Led Standard Life To Buy Aegon UK For £2B

    By Najiyya Budaly

    Standard Life PLC said Wednesday that it will buy the British subsidiary of Dutch insurer Aegon for £2 billion (...(read more)

  • Image of a EU flag on a central processing unit.
    EU Risks Losing Startups Without Unified Investor Exit Rules

    By Najiyya Budaly

    The European Union has a plan for a blocwide secondary trading platform for private companies to prevent them fr...(read more)

  • Plane Lessor, Insurers Settle $23M Claim Over Jet In Russia

    By Tom Fish

    An aircraft lessor and insurers have reached a settlement to pause part of a multimillion-dollar dispute over a plane stranded in Russia after the invasion of Ukraine, while the wider case continues.

  • NHS Settles With Nurse Over Pronoun Use On Eve Of Trial

    By Hanna Vioque

    An NHS hospital has settled a Christian nurse's bias case over a decision to suspend her for almost a year after she refused to use a patient's preferred female pronouns, in a high-profile case that prompted discussion on social media and in Parliament. 

  • Latham's London Revenue Passes $1B For 1st Time

    By Jamie Lennox

    Latham & Watkins LLP said Tuesday that its revenue climbed almost 19% over the past year to reach $8.3 billion, citing its London office as a crucial factor in the growth.

  • Ex-Unite Legal Boss Widens Appeal Of Fraud Probe Sanction

    By Adele Redmond

    Unite the Union's former legal chief won permission on Tuesday to expand his appeal against his failed claim that he was unfairly disciplined and forced to quit amid suspicion he was involved in bribery, money laundering and fraud at the trade union.

  • FCA Bans Motor Finance Ads Misusing Martin Lewis Clips

    By Dawood Fakhir

    The Financial Conduct Authority said Tuesday that it has banned advertisements from a claims management company for using its logo without permission and unauthorized clips of the founder of MoneySavingExpert to make "misleading claims about average motor finance compensation."

  • Gov't Trials AI Pilot To Cut Court Transcript Costs

    By Max Austin

    The Ministry of Justice has launched a study to test whether its in-house artificial intelligence tool can accurately transcribe court hearings, a move officials say could cut costs and expand access to records. 

  • Ex-Leigh Day Pro Accused Of Faking Letter To Hide Error

    By William Janes

    The Solicitors Regulation Authority told a disciplinary tribunal on Tuesday that a former Leigh Day lawyer tried to cover up missing a disclosure deadline by claiming he had written and sent a disclosure letter when he had not.

  • I Was 'Iron Lady' For Following Rules, Ex-OPEC Head Says

    By Ronan Barnard

    A former Nigerian oil minister accused of accepting bribes from energy executives testified during her criminal trial on Tuesday that she had tried to root out corruption during her time in government, saying she was dubbed "Madame Due Process."

  • NCA Can Keep £9M Seized From Cambodia Scam Suspect

    By Sophia Dourou

    The National Crime Agency was granted permission on Tuesday to hold on to millions of pounds in assets that it seized from a lieutenant to a billionaire businessman allegedly behind Cambodia's scam centers.

  • Music Samples Can Be Pastiche, Top EU Court Rules

    By Alex Baldwin

    Musicians may sample other works in their songs without explicit permission from the original creator in certain circumstances, the European Union's highest court held Tuesday following a 20-year spat over the sampling of a song by electronic music group Kraftwerk.

  • Milbank's London Revenue Climbs 11% To $366M In 2025

    By Marialuisa Taddia

    Milbank LLP said Tuesday that revenue in its London office rose by more than 11% to exceed $360 million, as the firm continues to grow in the English capital.

  • FCA Sets Out Open Finance Push To Widen Consumer Choice

    By Alex Davidson

    The Financial Conduct Authority set out on Tuesday a program for developing open finance to give consumers and businesses greater control over their financial data in a move to help them secure better deals.

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Trending on Law360 UK

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  • Crispin Odey Drops £79M FT Sexual Misconduct Libel Case
  • Investor Hits Litigation Funder With Winding-Up Order
  • Law Society Sets Limits On Non-Solicitors After Mazur Ruling
  • Longevity Insurance Deals Set To Rise, Broker Aon Says
  • 'Turn The Rights Act Into KPIs': Tips For In-House Counsel
  • Music Samples Can Be Pastiche, Top EU Court Rules
  • Ex-Oil Minister Says She's A Scapegoat In Bribery Case
  • Insurers Face Mounting Backlog Of Pension Buyouts
 
 
 

From The Courtroom

  • Ex-Olswang Pro Fined For Not Reporting Driving Convictions
  • Ex-Centerview Banker Inks DPA To End Insider Trading Case
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  • Soho Theatre Beats Comic's Antisemitism Libel Appeal
  • Windhorst Given 1.5-Year Contempt Sentence Over €27M Debt
  • Retailer Says UniCredit Can't Have €42M Asset Fight In Russia
  • EU's Ribera: Antitrust Must 'Stay Strong' Against Politics
  • UK College Wins VAT Dispute Over Tax Status Of Funding
  • Odey Denies Threat To Shut Biz To Scupper Misconduct Probe
  • Deutsche Bank Seeks To Grill Vik Over Assets In $360M Fight
 
 
 

Expert Analysis

  • Martin Dowdall
    FCA's £44M Nationwide Fine Highlights AML Control Gaps
    The Financial Conduct Authority’s recent £44 million fine of Nationwide Building Society for anti-money laundering control failures ... (read more)
  • Pasquale Tammaro
    How EU Reforms May Affect Copyright, AI Balance
    The European Parliament’s recently proposed resolution calling on the European Commission to address the intersection between copyri... (read more)
  • Gregg Beechey
    FCA's Investment Regime May Prove A Double-Edged Sword
    The Financial Conduct Authority’s final rules on consumer composite investments intend to support retail investors in making more in... (read more)
  • Sebastian Barling
    How FCA's Client Reforms May Boost Investment Access
    The Financial Conduct Authority’s recent proposals to reform the professional client categorization regime and simplify conflicts of... (read more)
  • Kate McKenna
    Irish Consumer Law Proposals Expose Concerns Over Privacy
    The Irish government’s recent proposals to amend and clarify competition and consumer law would allow new investigative powers and g... (read more)
  • Read More Expert Analysis

 
 
 

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Latest News

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