ECJ Ruling OKs Pricing Rules For Int'l Bank Transfers

Law360 (October 8, 2020, 7:09 PM EDT) -- European Union member countries can apply transfer pricing regulations to bank transfers between branches located in different bloc countries, Europe's top court ruled Thursday, dealing a setback to the tax protest of an Italian company's Romanian branch.

The European Court of Justice ruling could imperil Impresa Pizzarotti's bid to recoup about €525,000 ($617,000) in tax assessed by Romanian authorities for issuing loans with no interest provisions to its Italian parent construction company, Pizzarotti Italia. The loans, issued in 2012, had a combined value of €13.7 million, the ruling said.

A Romanian national court, the Tribunalul Cluj, will make the ultimate decision...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Attached Documents

Related Sections

Government Agencies

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!