There has been a change in the management of the tax & legal practice at EY Romania. The new leader is Alex Milcev.
Alex has been with the firm since 2002 and focuses on international tax and transfer pricing. He trained in tax with Arthur Andersen.
He takes over from Venkatesh Srinivasan who is relocating with EY to India.
Cooley LLP, a leading technology and life sciences US law firm, has announced that it has launched a UK practice in London. Cooley’s new office will include 20 partners and more than 55 lawyers and other professionals in total.
The Firm has hired Michael McCormack to lead the tax practice. Michael is not a lawyer and his title is therefore Tax Director, rather than Tax Partner.
Prior to joining Cooley Michael was a tax partner with Edwards Wildman, having launched their tax practice in 2012. Prior to Edwards Wildman Mr McCormack was Head of Tax at Salans.
Michael has a strong background in the tax aspects of all corporate, M&A and commercial work. He is a commercially minded tax practitioner with extensive experience in both UK and International tax matters. Specifically Michael specialises in corporate, finance and property taxation and has advised companies and institutions on a wide variety of matters. He has extensive experience with all aspects of corporate transactions including mergers and acquisitions, demergers and corporate reconstructions. He has also advised extensively on all aspects of property investment including stamp duty land tax, value added tax and capital allowances. Over the years, he has assisted a number of private equity houses in structuring and then implementing their transactions.
Michael is fully conversant and familiar with the issues, structures and planning techniques that overseas investors need to adopt and implement in order to avoid unnecessary tax leakage in respect of their foreign investments. Specifically he has designed and implemented a number of structures which have utilised double taxation arrangements to facilitate the financing of overseas investments by non-UK resident investors so as to ensure that these investors can exit their investment without incurring any additional tax cost.
Advising a UK plc on a proposed migration of their tax residency from the UK including the various means of migration and their consequences.
Advising public sector and private sector participants in major regeneration projects across the UK including the use of joint ventures and tax incremental structures.
Advising a major US listed company on the UK domestic and international tax implications of its proposed participation in a UK joint venture arrangement where all the other participants were also non-UK resident companies. The challenge was to maximise the tax deductions for the proposed development in the UK whilst ensuring that the Joint Venture participants could extract their equity and debt investment without incurring any unnecessary tax cost.
Advising a UK listed company on its proposed participation in the construction and on-gong maintenance commitment in respect of a major infra-structure development in the Middle East. As domestic regulations required the involvement of a local contractor the development was undertaken via an offshore joint entity. From a tax perspective the objective was to ensure that the existence of the JV entity did not create any tax blockages for the UK listed company.
Advising a French utility company on the tax implications of its proposed involvement in a joint venture arrangement with a local Indian company to undertake a development project in Mumbai. The planning was primarily concerned with the creation of a intermediate holding company in a third party jurisdiction to eliminate the Indian withholding taxes that would otherwise have arisen on the payment of interest, royalties and dividends.
Advising the UK participants in a UK joint venture as to the appropriate structuring of the joint venture entity to maximise their tax relief entitlement.
Advising UK investors as to the benefits of using a Luxembourg company for structuring investments into China and the Far East.
Advising a major UK investment manager on the tax structuring and set-up of a Luxembourg holding company group for investments in European properties.
Acting for a US group on the structure and set-up of an international fund for investment in East European real estate.
Advising US shareholders in a UK listed company on techniques for implementing a tax efficient corporate restructuring in the UK and subsequent return of value to those shareholders.
Advising UK investors on the most appropriate method for structuring a proposed inbound investment into India.
Advising a management team on a secondary management buyout.
Advising the management teams of private equity backed portfolio companies in respect of their incentivisation arrangements.
Colin Brigden has joined Informa plc as Head of European Tax Business Support, with effect from Jan 2015.
Colin was previously Group Head of Tax & Treasury at Guardian Media Group, where he managed a team of three tax professionals. He has always worked in-house and started his career in 1984 as a Tax Assistant at Petrofina. Since then he has worked at Natwest, National Power, Cordiant Communications, Publicis Groupe and Media Square plc.
He is a member of the Tax Director Network, Fellow Member of Federation of Tax Advisors and Graduate member of Institute of Legal Executives.
Feargal has served on the PwC Leadership Team and has been Head of the Firm’s Tax practice for the last four years. Feargal has worked extensively with technology and multinational companies, mostly concentrated on the US West coast, where the Firm has developed a successful practice. He also advises some of Ireland’s leading public companies.
Feargal has been a Partner since 1996. He is a Fellow of the Institute of Chartered Accountants in Ireland, an Associate of the Irish Tax Institute and a graduate of University College Dublin.
Speaking on his election, Feargal O’Rourke, said: “I am honoured and delighted to have been elected by my fellow Partners to lead the Firm for the next four years. I look forward to supporting our clients and ensuring we continue to be the Firm of choice for the best people and the best organisations.”
Commenting on Feargal’s election, outgoing Senior Partner, Rónán Murphy, said: “I congratulate Feargal on his election as Senior Partner and I wish him every success. This is an exciting time and the improving economy provides a strong base for the Firm to continue to grow and prosper. I look forward to supporting Feargal and the Firm through the transition and in the future.”
PwC is Ireland’s largest professional services Firm with total revenues of over €300 million on an all-Ireland basis and employing over 2,800 people.
Reed Smith has announced the appointment of Simon Gough to its partnership. Simon joins the firm’s Tax, Benefits and Wealth Planning Group from DLA Piper, where he was a partner and a former head of UK Tax.
Praised in the legal directories for his “creativity and knowledge”, Simon’s practice is wide-ranging. He has a particular interest in structured and asset finance transactions and in various investment funds and structures, where he has a large client base including banks, fund promoters and media, transportation and financial services companies. Simon also advises on contentious tax matters.
Caspar Fox, head of Reed Smith’s European tax practice, commented:
“Simon is a renowned figure in the tax market. His welcome arrival will bolster our European offering, providing immediate benefits to our clients across our key sectors of media, financial services and shipping. His expertise will dovetail neatly with our current practice and provide valuable additional resource to our team.”
“I am delighted to be joining Reed Smith’s outstanding team. The firm’s practice and industry focus offers an excellent platform for my clients and I look forward to growing relationships across the firm.”
Alex Pham has joined KLEYR GRASSO as Counsel and Head of Tax with effect from 17th November 2014.
Alex has 13 years’ tax experience in Luxembourg and has worked within the tax departments of Deloitte and most recently with the law firm Ogier. His work will focus on:
– International Tax structuring, Private Equity, Cross-border transactions, holding and financing activities, Wealth planning, IP.
– Corporate Tax
– Expatriates and Directors’ remunerations taxation.
– Assistance to M&A, Employment and Investment Funds departements
– Tax litigation
– Tax seminars
He is also advising clients in tax litigation matters.
KLEYR GRASSO is a medium sized law firm in Luxembourg and launched in 1994. The firm undertakes significant client work hand in hand with leading audit and tax firms, and regularly works on crossborder cases with foreign magic circle firms.
King & Wood Mallesons has announced the appointment of former Eversheds tax partner, Clive Jones .
Clive, who was London Head of Tax at Eversheds, had planned to establish a boutique firm on leaving the Firm, offering both high-end structuring and mainstream real estate services to clients. Instead he has decided to join KWM as part of a team move with William Naunton (real estate) and Corneliu Medevi (structured real estate).
He will be starting in January and all three new hires will support the firm’s strategy focussing on structured, high-end real estate.
Clive advises on both direct and indirect tax and has particular expertise relating to real estate and finance transactions. In his role as Head of Tax he spent much of his time advising on structured real estate transactions and investment structures.
GAMCO Investors, Inc. has re-hired Vince Capurso into the management team of GAMCO as General Tax Counsel.
He will also re-assume the position of Executive Vice President and Chief Financial Officer of GGCP, GAMCO’s controlling shareholder.
Vince originally joined GAMCO in 2000 as Vice President and Tax Counsel and GGCP in 2001 as Executive Vice President and Chief Financial Officer.
“We are delighted to have Vince rejoin us and we are confident that his proven cross- functional skills will continue to provide great value to all our constituents, clients, teammates and shareholders”, said Mario J. Gabelli, CEO of GAMCO.
A CPA and tax attorney, Vince has led the tax function and participated in numerous transactions of Fortune 500 and multinational companies during his career of over three decades as a senior financial executive in multiple industries.
Most recently Vince was Senior Vice President, Tax and Senior Tax Counsel of AMC Networks Inc. (NASDAQ:AMCX). During Vince’s tenure of more than three years, AMC Networks was spun-off from Cablevision and completed a $1 billion international acquisition of Chellomedia from Liberty Global.
Before AMC Networks, Vince led the tax function of Barnes & Noble for over five years during its digital and international expansion. Prior to joining GAMCO in 2000, Vince led the tax function of global investment banking and private equity firm Wasserstein Perella Group, Inc. for over five years.