McGuireWoods has created a multidisciplinary team of accomplished U.S. lawyers specializing in serving high-net-worth, non-U.S. clients and their financial advisers, adding a new dimension to the firm’s formidable private wealth services, corporate and transactional tax capabilities. The Global Private Client Practice advises families, family offices and trust companies on tax, business and other legal issues as they interact with the United States.
The new practice brings together a team of elite lawyers in the United States and U.K. with rare skills to advise international entrepreneurs, families managing billions of dollars of wealth, and some of the world’s most well-known and respected trust companies and private banks.
The Global Private Client Practice provides a range of integrated services to clients, including facilitating cross-border real estate acquisitions, developing tax-efficient global structures, executing direct investment strategies, helping families manage obligations under tax reporting and information exchange regimes worldwide (such as the Foreign Account Tax Compliance Act and the Common Reporting Standard), and planning for transfers of family wealth to future generations. The practice closely monitors significant tax and trade policy changes relevant to its clients and their global ownership structures, including those that President Donald Trump’s administration may pursue. The group’s close ties to McGuireWoods Consulting’s federal government relations practice keeps clients ahead of tax policy developments in Washington.
McGuireWoods’ Global Private Client Practice features some of the world’s best direct investing lawyers, who work closely with the firm’s private wealth services and transactional tax teams. Their experience spans the globe and includes family acquisitions and dispositions in all industries, including real estate, hospitality, oil and gas, life sciences, technology, food and beverage and manufacturing.
The team is led by co-chairs Matthew McKim (left) and Matthew Sperry (right), who have built a global practice providing a broad range of legal services to high-net-worth individuals, private investment funds, and financial institutions. McKim advises global families, foreign and domestic trusts, corporations and partnerships in navigating U.S. laws and structuring tax-efficient business and personal wealth transactions, as well as planning for the transfer of wealth among multi-jurisdictional and multi-generational families. Sperry handles global tax, corporate and securities matters for wealthy clients and the financial services firms that serve them. He has extensive experience developing U.S.-based family offices and advising clients on the legal and business challenges associated with cross-border transactions and direct investing strategies.
“Our team has experience with most client structures and focuses on providing cost-effective and results-oriented solutions,” McKim said. “We pride ourselves on understanding our clients’ needs and providing legal answers that help them achieve their business goals.”
“This unique practice demonstrates to the market what our clients already know — that members of the McGuireWoods Global Private Client Practice have deep experience serving private clients and work collaboratively with trustees, accountants and other trusted family advisers to deliver integrated, exceptional service,” Sperry added.
BDO has appointed two new tax partners this year:
Catherine Jones joins BDO after eight years at PwC, where she was a tax partner. She will be based in BDO’s Gatwick office and specialises in corporate tax and advising Public Interest Entities (PIEs) and portfolio companies of private equity houses across a range of sectors including healthcare, pharmaceutical, manufacturing and education.
Catherine has broad experience of providing pragmatic and commercial tax advice across a range of issues including:
– Tax compliance, including the complexities arising from PE structures, debt finance and transactions
– Managing effective tax rate
– Transactions: due diligence, vendor due diligence
– Tax structuring for acquisitions or on exits
– Tax relief for deal costs
– HMRC enquiries
– Coordinating specialist tax input for example transfer pricing, valuations, R&D relief, VAT, employment taxes, finance and treasury, management tax advice
Erin Davis (pictured right) returns to BDO’s Southampton office following three years at Francis Clark. Erin specialises in corporate tax compliance and advising entrepreneurial owner-managed businesses.
Paul Eagland, managing partner at BDO, commented, “Our ambitious, entrepreneurially-minded clients want to work with like-minded, commercial advisers. These new appointments are reflective of our own growth intentions, as well as those of the businesses we work with.
“The rapid pace of change in technology, regulation and the economic landscape demands the need for quality advice for businesses. We will continue to invest in attracting and retaining the very best talent at BDO.”
The Cragus Group has announced the newest member of its Tax Leadership team, Mrs. Mariel Yard.
Mariel, who most recently served as the tax director at Jumeirah for 8 years, is fluent in English, Arabic and Greek, She is a fellow of the Association of Chartered Certified Accountants and has over 20 years of experience in successful audit / corporate finance, tax and treasury roles with multinational and multicultural organizations both in Cyprus and Dubai.
Mariel began her career with PwC in Assurance Business Advisory Services, before moving to NCR (Middle East) Limited as an in-house finance manager for the MEA region and later head of finance and IT at Eurofreight Logistics. In 2005 Mariel moved back to PwC, to the international tax structuring team in Cyprus and then Dubai. By 2008, she was asked by her client Jumeirah (a Dubai based luxury international hotel chain, and part of Dubai Holding) to become their in-house tax director, a role that was later expanded to include Vice President of finance, tax and treasury (a function she was tasked with establishing), and becoming a member of the global leadership team. She also served as a member of the World Travel and Tourism Counsel Taxation Initiative Working Group and as a member on the Merchant Advisory Board of Network International. Mariel has extensive knowledge in all areas of treasury, finance and tax across a variety of complex jurisdictions. Her international tax expertise covers cross border transactions, intellectual property structuring, transfer pricing, rulings and dealing with tax authorities, tax compliance as well as indirect and personal taxation; she has also been involved in VAT preparation and training in several jurisdictions, including the UAE.
She will be working alongside the leadership team, comprising Abdelhamid Attalla, William J. Brown, Clarence Ellis, Reggie Mezu, Matthew Moriarty, Robert E. B. Peake Mark Stevens and Dominic C. Treays.
Withers has recruited Jenny Hill Bratt in California.
Ms Hill Bratt is a member of Withers Bergman’s Trusts and Estates practice. She concentrates her practice on trust formation and administration, incapacity planning, estate, gift and generation-skipping transfer tax, life insurance planning, charitable planning and intra-family transactions.
She joins the firm as a partner in its San Diego office.
Prior to DLA Piper she worked at Cummings & Lockwood.
Squire Patton Boggs has hired Jeremy Cape in the London office. He joined the Firm in February 2017.
Mr Cape joins from Dentons where he was a partner in the tax group. He joined Denton Wilde Sapte in 2007.
In his new role he will continue to develop his UK and emerging markets tax practices (especially Africa). Mr Cape will become increasingly involved in tax policy matters eg analysing the impact of US tax reform, BEPS, State Aid issues and Brexit on international tax.
McDermott Will & Emery has appointed Markus Hill as partner in its US & International Tax Practice Group in Frankfurt.
Mr. Hill joins from King & Wood Mallesons where he was a partner.
Mr. Hill is a certified tax adviser (Steuerberater) and has extensive experience in the structuring of corporates, as well as real estate acquisitions and sales. His broad support for transaction related tax advice, particularly for private equity funds and other financial investors, is complemented through the negotiation of the agreements, the implementation of the structures and the advice on management participating schemes.
“We are delighted to welcome Markus to the Firm,” said Lowell D. Yoder, global head of McDermott’s Tax Practice Group. “Since its inception, McDermott has always been internationally renowned for the quality and strength of its tax offering and this hire is yet another step in the further development of our leading global tax practice.”
Dirk Pohl, head of the Firm’s German tax practice, added: “We are pleased that Markus will strengthen our team and add considerably to our capacity in tax-efficient structuring.”
Philipp von Ilberg, head of the Frankfurt office, said: “Markus fits seamlessly into our current business and his arrival will help us further expand our presence in Frankfurt. His focus and his clients are an ideal addition to our strategy to develop our capabilities in the area of private equity,” he added.
Bird & Bird has today launched an international tax disputes practice based in the UK, with the appointment of a team from PricewaterhouseCoopers (‘PwC’).
Andy Brown and Julian Balson join as partners, along with Ben Holloway as Legal Director, and Tom Jaggar and Chris Young as Associates.
Tax is a key commercial issue for all businesses, including those challenged by technology and the digital world. In an industry of increased regulation, protecting against and effectively resolving tax disputes is key.
The launch of a specialist tax disputes team fulfils the strategy of Bird & Bird’s International Dispute Resolution group to be leaders in cross-border and complex disputes in all of the firm’s sectors.
Andy, Julian and the team have experience in all forms of tax disputes, but their most recent work at PwC focused on advising on matters related to tax avoidance and evasion, the associated disclosure regimes and protecting and defending against the risk of HMRC investigation and prosecution. Their practice complements a number of Bird & Bird sector areas, including food and beverage, IT, sports and finance sectors as well as our practice areas.
This provides an excellent opportunity for the firm to bolster the existing tax practice, which in the UK is advisory focussed. This, in combination with our cooperation agreement with transfer pricing specialist Questro, will allow the firm to provide advice to UK and international clients on a very large spectrum of tax related issues.
Andy Brown (pictured right) is recognised as one of the leading tax disputes practitioners in the UK, specialising in tax investigations and high profile tax disputes. Andy was named as one of the Tax Journal 40 under 40 leading tax specialists in the UK in 2012 and has featured in the Global Tax Controversy Leaders Guide as a UK leader for a number of years, including the 2016 edition.
Julian Balson (pictured left) is an experienced tax disputes solicitor who has had key technical leadership roles in a number of the most prominent UK tax investigations and disputes of recent years. He has worked in teams ranked in Legal 500 and Chambers throughout his career and has a particular experience assisting clients with large and complex tax investigations, and heavily contested tax litigation involving allegations of tax fraud.
Ben Holloway is a private wealth tax advisor with 13 years’ experience at PwC. Ben is qualified as a barrister and in addition to providing the team with private client tax advisory capability, Ben will also help drive the growth of other parts of the tax disputes practice that involve private wealth clients.
Tom Jaggar is an employed barrister with 6 years’ PQE practising tax disputes. Tom was previously an employed barrister with HMRC Solicitor’s Office, dealing with all tax disputes and POCA applications.
Chris Young is a practising solicitor with 2 years’ PQE practising tax investigations and disputes. Chris has extensive experience advising clients in resolving disputes arising from tax avoidance schemes.
Mathew Oliver, Co-Head of Bird & Bird’s International Tax Group says: “There is currently an unprecedented level of change both to the global tax rules, with initiatives such as BEPS, and the UK tax system. In the past couple of years we have also seen a hardening of attitude at government and tax authority level against both real and perceived tax evasion and avoidance. This is putting an increased burden on our clients both in terms of ongoing systems compliance and risk of challenge from the tax authorities. We’re therefore pleased to be welcoming a team of tax experts with deep experience in providing solutions for a broad range of clients, from start-ups to MNEs, across a broad range of sectors. We will be able to provide an innovative and comprehensive solution to the problems that many of our clients are facing.
Peter Knight, Co-Head of Bird & Bird’s International Dispute Resolution Group says: “The arrival of Andy, Julian and the team will bolster our capabilities in a range of tax disputes, which are particularly in demand for our clients, both domestic and international, whose businesses are being changed by technology and the digital world.”
The deal was brokered by Cain Dwyer