"Where money issues meet IP rights". This weblog looks at financial issues for intellectual property rights: securitisation and collateral, IP valuation for acquisition and balance sheet purposes, tax and R&D breaks, film and product finance, calculating quantum of damages--anything that happens where IP meets money.
Sunday, 8 June 2008
Film finance tax advisers face four-week trial, £22m claim
Accountancy Age reports that business advisers and auditors Baker Tilly are facing a negligence claim of around £22m in respect of advice given about the availability of tax relief on investments in film finance schemes. A total of 75 claimants have brought the claim, filed in the High Court in 2006, against Baker Tilly and IP-and-tax specialist Adrian Shipwright (Pump Court Tax Chambers). Following the breakdown of settlement negotiations the case is set to go to trial for four weeks at the end of June.
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