Partner promotion time at Skadden and there are two new tax partners joining the fold.
Alex Jupp is based in the London office
His practice covers a broad range of U.K. and cross-border tax matters, with a particular focus on the tax aspects of corporate acquisitions, financings and restructurings, group structure planning, corporate relocations, employee incentives, and asset management structures and related activities.
Mr. Jupp has represented a wide variety of clients in transactional and non-transactional planning, including in:
- inversion transactions and other public takeover offers;
- acquisitions and follow-up integrations of strategic target companies and businesses within large multinational groups;
- restructurings and capital raising for investment banking and asset management groups;
- the design and implementation of asset or multinational corporation group holding structures;
- structuring and setting-up U.K. operations and spin-outs for U.K. and non-U.K.-based enterprises and individuals;
- designing and implementing global management equity plans and advising on U.K. tax aspects of U.S. equity plans;
- reviewing existing and proposed share-based incentive arrangements for compliance with the U.K. disguised remuneration rules;
- initial and follow-on U.K. listings of equity, debt and hybrid instruments;
- the formation and operation of funds and advisory/management businesses and the investments made by those funds; and
- planning for remittances of foreign income and gains to the U.K.
Mr. Jupp is a member of Share Plan Lawyers, the Income Tax Sub-Committee of the Revenue Law Committee of the Law Society of England and Wales, and Working Group 2 within the HMRC modernization project on the taxation of corporate debt and derivative contracts. He was a U.K. branch reporter for the IFA Global Congress 2013. Mr. Jupp is also recommended as a leading practitioner in Chambers UK.
Moshe Spinowitz is based in the Boston office.
He represents clients on a range of tax matters related to corporate transactions, including public and private company mergers and acquisitions, with a particular emphasis on international tax matters, cross-border acquisitions, and post-acquisition integration and restructuring transactions.
In addition, Mr. Spinowitz advises clients on a range of tax controversy matters during all phases of IRS audits and appeals.
Mr. Spinowitz’s experience includes advising a multinational pharmaceutical company in connection with the integration and restructuring of its operations following a large cross-border acquisition, advising pharmaceutical and technology companies in connection with the structuring of their intellectual property holdings, and successfully representing several multinational corporations before IRS appeals in connection with intercompany financing transactions.
Allen & Overy has announced the promotion of 21 lawyers to partner across its global network. The promotions are effective from 1 May.
Only one new tax partner is being made up, James Burton from the London office.
James was admitted as solicitor in England and Wales in 2004.
Loyens & Loeff has announced the appointment of Marieke Bakker and Gert Wim van de Meent as members of the Executive Board, for a term of two years. Willem Jarigsma was reappointed as Managing Partner for a second term of two years. Fred van der Leije did not stand for reappointment.
Willem Jarigsma: “Two years ago, when we first started as the new Executive Board, we mapped out the changes that were required for our firm to meet our clients’ changing demands. Next, we implemented the first changes on the basis of those insights. For example, we grew internationally by adding Switzerland as a new home market, and we are now working with office-wide practice groups and sector teams from our four home markets. With the new Executive Board, the focus for the coming years will be on further expansion of our integrated services and innovations.”
Marieke Bakker explains: “The strength of Loyens & Loeff lies in the integrated services of lawyers, tax advisers and notaries. Since the merger in 2000, our firm has developed tremendously. We are now seeing that our clients’ world is changing more and more rapidly, because of technological developments. That is why we must keep making stronger connections with our clients, in order to really understand these changes and to offer distinctive solutions. It is an honour to work on that together.”
Marieke Bakker has been leading the Zurich office for the past four years and specialises in cross-border tax issues. She used to teach at the LLM tax programs of the Universities in Zurich and Lausanne, and at the Dutch Association for Tax Advisers, teaching on mergers and split-offs. She also worked as a research associate at the Erasmus University Rotterdam. She is a member of the International Fiscal Association (IFA) and of the Dutch Tax Advisors Association (NOB).
Mr Attalla joins the Firm from General Electric, where he was most recently the MEA corporate tax director, spearheading GE’s tax strategy across the Middle East & Africa.
Before joining GE in 2009, he was senior tax partner at KPMG Egypt and also worked as Chief Operating Officer for KMPG’s tax practice across the whole Middle East region. Fluent in English and Arabic, Abdelhamid is both a US CPA and Egyptian Chartered Accountant with a Bachelor’s degree in Accounting (Cairo University 1981), Master of Accountancy (Texas A & I University 1984) and Master of Taxation (American University in Washington D.C. 1986).
Abdelhamid has spoken at numerous events over the years and attended various groups in the region including the Tax Executives Institute, International Fiscal Association, and the International Tax & Investment Centre. He has been published on numerous occasions; including International Tax Review, and he also appeared in their largest deals/acquisitions table whilst at KPMG. Abdelhamid has served and continues to serve as a leading figure in the region’s tax community.
He will work alongside the rest of the high-profile tax team at Cragus, namely: Mark Stevens, Dominic Treasys, Robert Peake, Matthew Moriarty, Reggie Mezu, Clarence Ellis and William Brown.
The Cragus Group is recognized as a leading independent tax advisor in the Arabian Gulf.
EY has announced the launch of its in-house Americas Tax Innovation Foundry, a new services and business accelerator within EY, responsible for furthering the next generation of tax services EY firms offer clients.
The group will be led by Chirag Patel, who recently joined Ernst & Young LLP along with a core team from Highnote Foundry, a business accelerator and venture capital firm that provided entrepreneur-led business building services to startups and Fortune 500 companies in several complex and rapidly changing industries.
“EY’s goal is to be the leading global professional services organization by 2020 with exceptional client service, and that requires creativity, entrepreneurial speed and flexibility, and disruptive technological advances for EY Tax Services” said Kate Barton, EY Americas Vice Chair of Tax. “We are excited to have Chirag join our Tax Innovation movement, led in the Americas by Jeff Saviano, and the entire EY Tax Innovation network, to identify and help our professionals deploy new services in new ways that will help make the world work better – whether dealing with new US challenges, or helping to equalize the burden of trade growth and compliance among the 50-plus countries and jurisdictions in the Americas.”
Specifically, the EY Americas Tax Innovation Foundry will provide EY firms in the Americas with a systematic approach to address the disruptive forces affecting their clients’ tax liability and functions.
“We stand at the intersection of tremendous shifts in global tax policies, clients’ changing business models, and the development of real-time, often digitally enabled, capabilities,” said Saviano. “Creating the EY Americas Tax Innovation Foundry demonstrates our commitment to building exceptional and innovative services to meet clients’ needs. Chirag and his team’s direct experience helping to transform businesses will prove vital to the success of EY Americas Tax Services.”
In addition to organic development of new EY services, the team will also research and explore collaborations between EY and other companies, including start-ups and academia.
Patel was the managing director of Highnote Foundry since its inception in 2008. He has been an entrepreneur that has taken raw ideas and turned them into new growth businesses, a venture capitalist who has invested in compelling new startups, and a management consultant responsible for helping clients develop and deploy transformational approaches. Prior to Highnote Foundry, Patel worked for companies such as Oracle, Merrill Lynch Debt Capital Markets, IBM and co-founded such companies as Viant and Vytalize Health. Another Highnote leader joining Ernst & Young LLP is Illya Rybchin, who was director of that company’s Media & Entertainment practice.
Patel will immediately start the process of aligning with other EY innovators and hiring to broaden the group’s capabilities.
“Our team is confident that we can succeed with the support of the EY Americas Tax Innovation team and EY leadership that is willing to ask what its next new growth opportunity, business model and business line will be, something uncommon among large organizations that are rooted in providing traditional services,” said Patel. “It’s important to balance the courage to try groundbreaking ideas with pragmatic execution – and it’s rewarding to join an organization that invests in a culture of exceptional client service.”
Macfarlanes has made up 6 new partners, including Peter Abbott in Tax. The appointment is effective 1 May 2016.
Peter specialises in the tax and structuring aspects of M&A and capital markets transactions and recently spent time on secondment in New York. Peter’s appointment as a partner will give Macfarlanes increased capacity to focus on key segments of important transactional work.
Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. has hired corporate attorney Edouard C. LeFevre and tax veterans Scott J. Pinarchick and Abraham (Avi) Reshtick to the firm’s Corporate & Securities and Tax practices, respectively. Messrs LeFevre and Pinarchick were most recently partners at Foley & Lardner LLP. They join as Members in the firm’s Boston office. Mr. Reshtick was most recently a partner at Bracewell, LLP and previously practiced at Ropes & Gray LLP. He joins Mintz Levin’s New York office as a Member.
Mr. Pinarchick focuses on U.S. federal income tax matters with a special emphasis on the taxation of corporations, partnerships and limited liability companies, domestic, foreign and cross-border mergers and acquisitions, debt financing and fund formation. His clients include private equity and venture capital firms, operating companies, financial institutions and insurance companies. Mr. Pinarchick also has significant experience in international tax issues that arise in cross-border transactions. He regularly advises U.S. and non-U.S. investors regarding their investment activity both in and outside of the U.S.
- Represented GTS Central Europe and its consortium of private equity investors in its €546 million acquisition by Deutsche Telekom AG
- Represented Columbia Capital in a tender offer to acquire a controlling interest in euNetworks Group Limited, a publicly held Singapore company engaged in the ownership and operation of fiber optic networks throughout Europe
- Counsel in connection with a $500 million single investor fund with Highland Capital Management
- Counsel in connection with a $350 million single investor fund with ARES Capital Management
- Represented Oasis Outsourcing, a portfolio company of Nautic Partners and Altaris Capital Partners and the largest PEO in the US, in its sale to Stone Point Capital
- Represented ABRY Partners in the sale of PSI Services, a worldwide, industry-leading professional testing services provider, to Waud Capital Partners
- Represented Spectrum Equity Investors in the $272.5 million sale of its portfolio company, Choice Cable TV of Puerto Rico, to a subsidiary of Liberty Global
- Counsel to various non-US insurance companies regarding US federal excise tax matters
- Represented a private equity fund in raising a $550 million multi-investor fund
- Represented another private equity fund in raising a $1 billion multi-investor fund
- Counsel for a privately held, independent insurance brokerage and consulting company in its sale to a private equity backed strategic buyer
Mr. Reshtick represents clients on a wide range of U.S. federal income tax matters, including mergers and acquisitions, divestitures, tax-free spin-offs, leverage buyouts, joint ventures, fund formations, debt financing and financial restructurings. In addition, Mr. Reshtick has significant experience advising foreign investors on their investments into the U.S. as well as on matters involving debt restructurings and workouts. Mr. Reshtick advises domestic and foreign-based private equity and venture capital funds in addition to operating companies and financial institutions. His clients range from early stage venture backed companies to Fortune 100 enterprises and span a wide range of industries, including consumer products energy, financial services, pharmaceuticals, technology and telecommunications.
- Represented a global private equity firm in a $1.1 billion take private acquisition of an health care company and multiple add-on acquisitions
- Represented a middle-market private equity firm in the formation of $250 million fund
- Represented financial sponsors in structuring a multi-billion dollar energy-focused private equity fund
- Represented a consortium of private equity firms in their $2.69 billion sale of a majority stake in a leading US retailer
- Represented a middle-market private equity firm in its $300 million acquisition of a health care company
- Represented a private equity backed medical device company in its $350 million combination with a strategic competitor
- Represented a publicly traded manufacturing company in its $700 million acquisition of a worldwide business segment from a strategic competitor
- Represented a foreign based publicly traded pharmaceutical conglomerate in its disposition of various business units in the US, Europe, and Australia