A.P. Moller Maersk has instructed headhunters to find 2 senior tax professionals. Both roles are based in Copenhagen but as they are global tax roles, the search for suitable candidates is also global. The two positions are:
Please click on the job titles to view the job specs. Relocation assistance and advice will be offered as it is envisaged that the right candidate could come from Europe or Asia, or be an international Tax Specialist looking to return to Europe from the US in a senior role.
David Foster (New York) and Alex Jupp (London) have been promoted to Counsel at Skadden Arps.
Alex Jupp Bio
Alex Jupp’s practice covers a broad range of U.K. and cross-border tax matters, with a particular focus on the tax aspects of corporate acquisitions and financings, restructurings, 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:
- the acquisition of a European software group and its integration into the existing group structure of a worldwide media business;
- the restructuring of and capital raising for a major Latin American investment banking and asset management group;
- reviewing existing and proposed share-based incentive arrangements for compliance with the U.K. disguised remuneration rules;
- the acquisition of significant asset management businesses;
- the design and implementation of asset holding structures;
- a takeover offer for a major U.K.-listed exchange operator;
initial and follow-on U.K. listings of equity, debt and hybrid instruments;
- the formation and operation of funds and related 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 and of the Income Tax Sub-Committee of the Tax Law Committee of the Law Society of England and Wales.
Latham & Watkins has announced that Raymond Holst has joined the firm’s New York office as counsel in the Tax Department.
Holst is a leading tax attorney who has both law firm and financial institution experience. He joins Latham & Watkins from Morgan Stanley where he was an Executive Director in the Tax Counsel Group providing tax advice to a wide range of business units, including the principal investments, capital markets, investment banking, bank resource management (securities lending and repurchase transactions), securitized products, and wealth management groups. He has particularly deep experience in advising on an array of complex debt, equity-linked and hybrid structured products. He also has extensive expertise advising on withholding and Foreign Account Tax Compliance Act (FATCA) matters, and he served on the global FATCA steering committee of Morgan Stanley and as the chairperson of the Wall Street Tax Association’s FATCA committee.
Jimmy Brandt, Office Managing Partner of Latham & Watkins in New York, said: “Ray is a talented lawyer who brings a wealth of specialized experience to our practice. His background strongly complements both our tax practice and our financial institutions capability, and we are thrilled to welcome him to the team.”
“Ray’s deep institutional experience and understanding of complex financial products are great assets to our team,” said David Raab, Global Chair of Latham’s Tax Department.
Rafal Gawlowski, Co-Chair of the firm’s Global Financial Institutions Industry Group, added: “Over the last couple of years, we have added significant heft to the regulatory and financial institutions industry practice. Ray’s technical proficiency and advisory skills mark him as one of the truly leading practitioners in the field. His addition adds more momentum to the development of our practice and to our aim of servicing, on a cross-border basis, the top global financial products structurers and providers.”
“Latham & Watkins offers a compelling platform on which to further build my practice. The firm’s track record of advising financial institutions and the breadth of its corporate finance, banking, regulatory and tax practices make it one of the elite firms capable of advising on the most challenging and complicated matters. I look forward to joining the team and contributing to the continued expansion of the practice,” said Holst.
Latham & Watkins’ global financial institutions practice has extensive experience in transactional, regulatory and litigation matters. The team has earned a reputation for innovative legal counsel advising both sell-side and buy-side on complex, cross-border transactions involving cutting-edge financial products in both public and over-the-counter markets across various asset classes. Latham’s pre-eminent financial regulatory expertise makes the firm particularly well suited to handle such transactions in a rapidly changing regulatory environment.
Prior to joining Morgan Stanley, Holst was an associate in the tax group of Davis Polk. He received his law degree from the Columbia University School of Law, where he was named a Harlan Fiske Stone Scholar for academic achievement, and holds a B.A. from Union College.
Pinsent Masons has strengthened its practice in China with the arrival of partners Dr. Bernd-Uwe Stucken and Liu Wei from Salans. They are joined by their team of 13 lawyers and 12 support staff, adding real estate, tax and competition expertise to the firm’s existing corporate services in China.
The new team comprises: Michael Lin (Senior Associate), Yi Xiao (Associate), Ginger Zhou (Senior Associate), Jiazi Guo (Associate), Liang Xin (Associate), Furong Ren (Associate), Robbie Chen (Associate), Haiting Xu (Associate), Jane Ma (Translator), Weilan Zhou (Translator), Fei Yang (Associate), Yun Wei (of counsel – Head of Tax), Aiping Bao (Beijing) (of counsel).
Commenting on their arrival, Ian Laing, head of Asia at Pinsent Masons said, “This news marks another important step in the development of our Chinese practice. There are strong links between Shanghai, our Munich office and our German Desk in London, especially given the strength of manufacturing in Germany and the importance of both Germany and Shanghai to our Advanced Manufacturing and Technology Services Sector. The arrival of the team also coincides with the firm’s launch in Paris, strengthening our ability to support European clients across Asia.
Yun Wei’s new title is legal director and she provides integrated legal and tax advice for mergers and acquisitions, foreign direct investment and business restructuring. She is particularly knowledgeable in Chinese income tax, indirect tax, free trade zones, and international tax treaties. She also has experience in advising clients on strategic tax planning, financing structures, and tax controversies.
She is a frequent contributor to the CCH publication-China Tax Intelligence, BNA International’s Global Tax Watch, and other renowned publishers. She led Salans’ China Tax Practice Group to win the Legal 500 ranking from 2009-2011 and other awards including a recommendation by the International Tax Review World Tax Guide 2012.
Hunton & Williams LLP announces the continued expansion of its Los Angeles office with the addition of Ofer Lion as tax counsel. Lion, who represents nonprofits and tax-exempt organizations in tax, transactional, corporate, governance and fiduciary matters, joins the firm from Mitchell Silberberg & Knupp.
George C. Howell III, head of the firm’s tax practice, says, “Ofer has a well-rounded tax background allowing him to handle a range of tax issues for our clients, both in California and nationally. He is an excellent addition to the firm.”
Lion will also work closely with Douglas M. Mancino, co-head of the firm’s health care practice group and head of its tax-exempt organizations group, who adds, “Hunton & Williams has a substantial footprint in the tax-exempt organizations market, which includes two-thirds of the nonprofit hospitals in the United States. Ofer’s tax background working with regulatory and transactional issues provides a platform to expand services to our health care and other tax-exempt clients.”
A frequent author and speaker, Lion has been quoted on tax issues, including on NPR, by The Associated Press and in The New York Times, The Wall Street Journal, the Los Angeles Times and Forbes, among others. He is actively involved with the ABA Tax Section and is the new co-chair of the UBIT section of its exempt organizations committee. He is also active in the Los Angeles County Bar Association’s exempt organizations practice group. Lion has taught “Tax-Exempt Organizations: Law and Practice” as an adjunct professor at the UCLA School of Law.
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.
Representative Matters
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.
Memberships
HM Revenue & Customs’ ‘IAS 39′ working group
Chairman, London Legal League
Honorary Solicitor to the AFA and Elected Vice-President of the AFA
Education
College of Law, Chester, 1987, Solicitors’ Final Examination, Honours (2nd Class)
University of Cambridge, 1986, M.A. (Law), Class 2:1
Bar Admissions
Solicitor, England and Wales
Hogan Lovells has announced this year’s partner and counsel promotions:
Richard Basuk: Tax – New York
Kiran Khetia: Tax – London
Zbigniew Marczyk: Tax – Warsaw
Stefan Schultes-Schnitzlein: Tax – Dusseldorf
