Jay Prasad

1 month ago | herbertsmithfreehills.com | Toby Eggleston |Ryan Leslie |Jay Prasad |James Pettigrew

Treasury's recent overhaul of the FIRB tax conditions framework represents a fundamental shift in how foreign investment applications will be assessed and conditioned from a tax perspective. The updated Guidance Note 12 eliminates "standard" tax conditions in favour of tailored, transaction-specific conditions will likely require changes to condition precedent drafting in transaction documents.