Mark Brailsford has joined Dewey LeBoeuf in London this month as Counsel. He was formerly a tax partner at A&O but left the Firm in May 2011.
Mr. Brailsford advises financial institutions, multinational corporations and venture capital and debt funds on the taxation of their cross-border transactions, capital markets offerings, financing transactions and financial products.
Acting for the issuer and the Nationwide Building Society in structuring the Silverstone Master Issuer PLC £32bn asset-backed note programme.
Acting for the issuer and (originally) Halifax Bank PLC (latterly) Lloyds Banking Group in structuring (among others) the Permanent £45bn asset-backed note series and the £12bn Pendeford asset-backed note series.
Acting for the issuer and Lloyds Banking group in structuring the £40bn Arkle asset-backed note issuance series.
Acting for the arranging banks in structuring the £2.5bn asset-backed note issuance by Telereal Securitisation plc.
Acting for the arranging banks in structuring the PPP financing and securitisation for Tube Lines (Finance) plc.
Acting for the arranging banks in structuring the securitisation-based refinancing of the Skynet 5 satellite project.
Acting for the Mitchells & Butlers Group in relation to the Mitchells & Butlers retail securitization.
Acting for the arranging banks in structuring the £5bn refinancing of Gatwick Airport via Gatwick Funding Limited.
Acting for the arranging banks in structuring various CMBS issuances by Canary Wharf Finance PLC and Canary Wharf Finance II Plc relating to the Canary Wharf estate.
Acting for the arranging banks in structuring the CMBS issuances by Tesco Finance 1,2,3 and 4.
Acting for the financing banks to the £3.6bn acquisition of Angel Trains by an equity consortium.
Acting for the acquiring entities in relation to the £2.1bn purchase of HSBC Rail.
Mr. Brailsford has also acted for a large number of high-profile UK, US and European financial institutions in relation to private financing transactions, some of which have required a high degree of structuring in order to achieve the desired outcome from a tax perspective.
HM Revenue & Customs’ ‘IAS 39′ working group
Chairman, London Legal League
Honorary Solicitor to the AFA and Elected Vice-President of the AFA
College of Law, Chester, 1987, Solicitors’ Final Examination, Honours (2nd Class)
University of Cambridge, 1986, M.A. (Law), Class 2:1
Solicitor, England and Wales
Taxand, the world’s largest global organisation of tax advisors to multinational businesses, has brought Corrs Chambers Westgarth Lawyers into its fold.
The addition of Taxand Australia means that Taxand is now represented in 49 countries globally, enhancing Taxand’s delivery of quality cross border tax advice, worldwide.
Corrs Chambers Westgarth, a major Australian law firm, has offices in Sydney, Melbourne, Brisbane and Perth. The tax practice, headed by Jonathon Leek, provides market leading expertise and has particular experience in the energy, resources, real estate and infrastructure sectors as well as having a leading tax disputes division.
Frédéric Donnedieu de Vabres, Chairman of Taxand, said:
“We are delighted to welcome Taxand Australia to our global organisation of quality tax advisors. More and more of our clients are investing in their operations in Australia due to its growing national economy and strong trade links with emerging markets in Asia and the rest of the world. The Australian team is well-placed to combine specialist local tax advice with an international perspective.”
Jonathon Leek, Partner, Corrs Chambers Westgarth Taxand Australia, said:
“Joining Taxand means we can be part of a highly regarded international tax advisory service. We have witnessed an increasing need for international tax advice over the last few years and being a part of Taxand will help us coordinate seamless delivery of tax services to our global clients. We are very pleased to become the exclusive Taxand advisory team in Australia and look forward to working with Taxanders worldwide to meet our multinational clients’ needs.”
Philip Lee’s media and IP practices have expanded their tax capabilities.
Gavin McGuire joined the firm with effect from Monday, 6 February 2012. Gavin is an experienced commercial lawyer who specialises in tax.
Gavin joins from Eversheds where he was responsible for setting up the tax practice. Prior to this he worked in London for a number of years with a “big 4″ accountancy practice and subsequently with a large London law firm.
Gavin has advised many clients on the optimal approaches to taking advantage of Ireland’s attractive tax environment for the creation, acquisition and exploitation of intellectual property of all kinds. This involves advising clients in the technology, biotech and pharma sectors as well as structuring tax efficient arrangements for the worldwide exploitation of intellectual property rights.
DLA Piper has transferred Michael Lebovitz from its LA practice to lead a US Tax Desk for its EMEA offices. Mr Lebovitz is now based in the Firm’s London office.
Michael Lebovitz concentrates on international business and tax planning. He has advised on the tax aspects of international joint ventures, cross-border mergers and acquisitions, post-transaction integration, international corporate finance, capital market transactions and general international tax planning matters. His clients include leaders in media and entertainment, life sciences, high technology, consumer products and private equity.
Having extensive experience in pre-transaction restructuring and post-acquisition integration matters, Mike has successfully led numerous global teams advising multinational groups on restructuring in advance of a sale or spin-off of a division as well as designing and implementing integration plans following a global merger or acquisition. He has unique experience bringing together the corporate, tax, labour and other aspects of pre-transaction restructuring and post-merger integration.
Withers is opening a second office in Asia to meet the urgent demand from institutions and individuals alike for tax and trust legal advice, currently under-served in South East Asia.
The new office will be located in Raffles Place in the heart of Singapore and is scheduled to open its doors in May 2012, taking Withers’ international office network to ten. The Singapore team will include Jay Krause, a US qualified Partner specialising in servicing private clients, trust companies and financial institutions. Jay will head Withers Wealth Planning team in Asia and is acknowledged as one of the leaders in the field on the wide ranging impact of US IRS initiatives such as the Foreign Account Tax Compliance Act (FATCA) and voluntary disclosure. Jay will be joined by Philip Munro, a UK and Hong Kong private client tax, trust and estates expert. Further additions will be made in the coming months.
The expansion builds on Withers’ successful office opening in Hong Kong in 2008. Since then, the firm has been top ranked for its private client and wealth management legal services by Chambers Asia, noted as one of the top ten law firm to watch by Asian Legal Business in 2010 and named Matrimonial Law Firm of the year The Macallan ALB Hong Kong Law Awards 2011. The Singapore launch illustrates a growing need for integrated legal advice on complex cross-border tax matters amongst Withers’ global high net worth client-base, comprised of individuals and families, their businesses, and the institutions that serve them.
Margaret Robertson, the firm’s Managing Director comments:
‘Even when we opened in Hong Kong we knew it would only be a question of time before we set up in Singapore. Having a presence in both locations along with our offices in Europe and the US enables us to deliver integrated advice both quickly and directly to clients across Asia. I forecast that our Singapore office will grow as quickly as our Hong Kong office. ‘
Jay Krause explains:
‘Recent developments in international taxpayer information exchange have created an overwhelming demand for our US and international tax expertise in Singapore, as well as its South East Asian neighbours such as Indonesia, Philippines, Malaysia and Thailand, as well as India and Australia. This need is increasing daily as more and more Asian institutions begin to come to grips with the far reaching effects of the new US Foreign Account Tax Compliance (FATCA) legislation, requiring financial institutions and trust companies, among others, to identify their US clients and forward their details to local or US tax authorities.’
The Singapore office opening is subject to regulatory approval.
Sutherland Asbill & Brennan LLP has announced that Carley Roberts and Prentiss Willson, nationally recognized for their leadership in California and multistate tax matters, have joined the firm’s State and Local Tax Practice (SALT) in Sacramento. Ms. Roberts (a partner as of February 9) and Mr. Willson (of counsel, effective March 1) are joining Sutherland’s other Sacramento-based lawyers — former CalTax Vice President and General Counsel Michele Pielsticker and leading property tax adviser Doug Mo, both of whom joined Sutherland SALT last year.
“We are thrilled Carley and Prentiss have joined us. They are among the best state tax lawyers in the country and bring a wealth of California experience to Sutherland’s SALT practice,” said Sutherland Managing Partner Mark D. Wasserman. “Our SALT practice has experienced explosive growth over the past seven years, and growing our Sacramento office underscores our commitment to providing the highest quality service to our clients for all of their state tax issues across the U.S.”
Prior to joining Sutherland, Ms. Roberts was a Partner with Morrison & Foerster LLP where she has spent her entire legal career working with the state and local tax group. She is a leading California tax litigator and has developed a significant practice handling cases involving many of California’s most critical SALT issues, including some of the most important corporate income and sales/use tax cases in litigation and on appeal. Ms. Roberts is the immediate past chair of the Taxation Section of the California State Bar and has a prominent role in organizing the premier California state tax meeting — the California Tax Policy Conference. Her practice at Sutherland will continue to focus on controversies and litigation involving multistate income and sales/use taxes.
Mr. Willson has 41 years of experience as a state and local tax lawyer and is widely recognized as the dean of California taxation. Mr. Willson has been involved in approximately a dozen state and local tax cases at the U.S. Supreme Court, and has represented hundreds of taxpayers in disputes around the country and in California. He began his career at Morrison & Foerster LLP, where at various times he was managing partner of the San Francisco office, chair of the firm’s tax department, and chair of the firm’s state and local tax group. In 1998, he moved to Ernst & Young LLP as Partner and National Director of State and Local Tax. Most recently, Mr. Willson has had his own law practice advising clients across the country.
“Carley and Prentiss are nationally recognized for their California tax expertise — a critical jurisdiction for state and local tax. Their knowledge and experience working with California tax authorities will provide our clients with a tremendous resource,” said Jerome B. Libin, chair of Sutherland’s Tax Practice Group. “This addition is a major step in our strategic plan for growth in California.”
Sutherland’s SALT practice is one of the premier state and local tax law practices in the country, with 29 lawyers representing more than 25 of the Fortune 100 and numerous other clients that are recognized leaders in their respective sectors.
Ernst & Young today announced the appointment of Todd Wills to the role of Canberra Tax team leader.
Todd has worked in the professional services industry for 21 years with a range of experience across government, corporate and international tax advice and compliance.
He returns to Ernst & Young after seven years of experience in the Canberra market, having previously been a member of our Tax Leadership team from 2005 to 2007.
Ernst & Young’s Canberra Managing Partner, Lucille Halloran says, “Todd brings with him a wealth of local knowledge and experience as well as a proven track record in bold, strategic tax solutions.
“Todd is a very well regarded and respected partner in the market for his excellent client service and ability as an inclusive leader,” Halloran said.
“He will lead our Canberra Tax practice, as they work with clients in dealing with the key challenges and opportunities they face in the current market.”
SNR Denton announced today that David M. Hryck, Jeffrey S. Korenblatt and David A. Mason will be joining the firm’s Tax practice as partners, Sheila Geraghty will join as counsel and Marina Makanova will join as a project director.
Hryck will assume a leadership role as US Head of International Tax. Hryck, Mason, Geraghty and Makanova will reside in New York and Korenblatt will reside in Washington, DC.
“David, Jeff and David and their team have an impressive international practice that will further advance our global tax platform,” said Marc Teitelbaum, chair of the US Tax practice.
With over 17 years of experience as a tax and business lawyer, Hryck advises clients on the tax and business aspects of structuring their domestic and cross-border operations and investments. He is an advisor to corporations as well as individuals across the globe. Hryck personally oversees the ever-changing landscape of their client business/investment ventures, acting as an advisor for all their legal needs. He is a valued and trusted advisor, board member and mentor to several trusts and global charities. For example, Hryck serves on the board of directors of the Amy Winehouse Foundation, Petra Nemcova’s Happy Hearts Foundation, Yue-Sai Kan’s Friends of China Beauty Charity and TRH (Yugoslavia) Crown Prince Alexander and Crown Princess Katherine’s Lifeline Humanitarian Organization. Hryck is a World Fellow of the Duke of Edinburgh’s Award for Excellence Fund, founded by HRH Prince Philip, Duke of Edinburgh, and travels regularly to royal occasions around the world. He also serves as a US member of the Duke’s Business Advisory Group headed by HRH Prince Edward, the Earl of Wessex.
Korenblatt concentrates his practice on international tax planning for public and private multinational companies. He advises on all aspects of domestic and cross-border transactions, post-merger rationalization of related entities operations and transfer pricing. Korenblatt also guides taxpayers in the implementation of multi-jurisdictional business structures and the use of special purpose foreign entities. He provides tax advice for maximizing the utilization of foreign tax credits and for minimizing the effects of anti-deferral regimes. He frequently helps foreign persons efficiently structure their investments in the US.
Mason focuses his practice on transactional matters, including mergers and acquisitions, capital markets, including venture capital, and private equity and corporate governance and strategic advising, including for start-ups, in technology, real estate, retail, entertainment and fashion. More recently, he has used his pre-legal practice backgrounds in business and politics to concentrate on the needs of high net worth individuals and celebrities with an international presence. He has also had significant experience advising as outside general counsel and as a board member to numerous international charities focusing on aid to children.
Geraghty’s practice is focused on developing international structuring strategies, supply chain planning, transfer pricing planning and documentation, audit support for transfer pricing, foreign tax credit planning, FIN 48 analysis, qualified cost sharing agreements and buy-in payment analysis and advanced pricing agreement and tax audit support.
Makanova specializes in strategic business planning, financial performance management, streamlining business processes, knowledge management and practice integration, lateral recruiting and business development and client relations.
“Having a high-quality, global tax practice is critical for the growth of our firm,” said Peter D. Wolfson, SNR Denton’s US Chief Executive. “David and his team bring the valuable mix of both cross border experience and corporate tax work that are necessary to continue to build our client offerings.”
“We chose to bring our international practice to SNR Denton not only because of the platform it offers our clients but also because of the firm’s entrepreneurial spirit and global vision. This is an exciting opportunity for us and our clients,” said Hryck.
Hryck, Mason, Korenblatt and Geraghty join from DLA Piper’s Tax and Corporate practices, while Makanova joins from Kaye Scholer LLP.