European ruling backs idea of MDPs
A ruling from the European Court of Justice has supported the development of multi-disciplinary practices across the European Union.
A ruling from the European Court of Justice has supported the development of multi-disciplinary practices across the European Union.
The case, involving the Dutch Bar, means the ECJ believes a ban on associations between law and accountancy firms would be anti-competitive in the European Union.
The ruling effectively backs a report from the UK’s Office of Fair Trading last year which said the Law Society’s objections to MDPs would have to end.
In the Netherlands the Dutch Bar had banned MDPs. The ECJ has allowed that to stand while stating that it is an exemption for the Netherlands only and maintaining its position that the ban restricts competition between member states of the EU.
The case had involved Arthur Andersen Belastingadviseurs and its association with a legal practice.
Commenting on the judgment, Tony Williams, managing partner for Andersen Legal said: ‘This will not stop us practising law anywhere around the world. Our goal is to widen the range of services that a lawyer can provide to their clients.’
In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...
View resourceIn recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...
View resourceIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceThe first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...
View resourceStatic budgets outdated. Embrace agile budgeting for a smooth year-end close and adapt to changing markets. Read More...
View articleSaffery Champness's strategic rebrand to "Saffery" reflects a bold step towards aligning its historic values with a modern, innovative ethos, fosterin...
View articleSumer’s CEO Warren Mead believes accountants have a responsibility to champion smaller and medium-sized businesses and that successful entrepreneurs a...
View articleMid-market firms experience largest percentage increase in fee income in 2023, as consultancy services start to become leading income streams for the ...
View articleBaker Tilly International has today announced record global revenues of US$5.2bn for the financial year ended 31 December 2023, up 11% on the previous...
View articleWhilst Small and Medium Enterprises (SMEs) account for around half of the turnover in the UK private sector[1], our own AAT research shows that over a...
View articleGrant Thornton UK as confirmed the appointment of Malcolm Gomersall as its new Chief Executive Officer. Gomersall, who has been with the firm for over...
View articlePersonas is an internal AI platform meticulously developed by BDO to boost productivity and streamline day-to-day tasks. Read More...
View article