Rich Koenenn has resigned from Deloitte after 24 years. He has decided to join PwC and will operate in the Greater Atlanta region.
Rich focuses on providing tax consulting services to multinational companies. Over his career he has served clients in a variety of industries, including technology, life sciences, aerospace & defense. His primary focus is tax planning and analysis for multinational companies, both public and private. He has significant experience in international tax, M&A, and other complex areas of tax.
Dains has announced the appointment of a new Tax Partner, Krista Fox who will lead in the development of their tax services offering in the Derby and East Midlands marketplace.
Krista joins Dains from Grant Thornton where she led the Corporate Tax team (as a Director) in Sheffield. Her career in accountancy spans an eighteen year period, having qualified whilst working in audit in a mid-tier firm. She then moved to EY to specialise in tax and then transferred to Grant Thornton to focus on tax advisory services to entrepreneurial businesses. Krista’s particular specialism’s include advising on tax efficient business structures, implications of buying and selling businesses, incentive arrangements and optimising available tax reliefs.
During the past five years Dains have also enjoyed being part of Derby’s wider community with staff and Partners actively supporting or sitting on the Board of a number of local charities including the Derwent Stepping Stone charity, Marketing Derby, Derbyshire Prohelp, East Midlands NSPCC Business Board and the Derby Quad Enterprise.
Grant Thornton LLP has named Jamie Fowler as the new office managing partner of its Mid-Atlantic practice. She will oversee the growth and operations of the Baltimore and McLean, Va., offices.
Most recently, Fowler served as the Northeast region partner-in-charge of Tax and as national managing partner of National Tax Strategic Solutions, which supports the firm’s Tax Services professionals through formulation and execution of strategy, including change management and leadership. She succeeds Rich LaFleur, who was named partner-in-charge of Industries and Markets for the firm’s Mid-Atlantic practice.
“Jamie brings to this role proven leadership coupled with extensive knowledge and vast experience — essential attributes to best serve our dynamic clients,” said Rick Gebert, managing partner of Grant Thornton’s East region. “She will be integral in maintaining and building upon the momentum that Rich established for the firm’s Mid-Atlantic practice during the last 16 years.”
Fowler was a principal architect of the Grant Thornton Shared Services Center in Bangalore, India, which was established in 2012 by the U.S. and India member firms of Grant Thornton International Ltd. She has nearly 30 years of experience leading large-scale organizational restructuring projects for companies nationwide.
Fowler is a certified public accountant (CPA) in Virginia, Massachusetts, New York and Texas, and serves on the Tax Division of the American Institute of CPAs. She is also a member of the Texas Society of CPAs and the Massachusetts Society of CPAs. Fowler received a master’s degree in accounting from the University of Virginia and a bachelor’s degree in accounting from Ouachita University.
PwC has appointed Bradley Phillips as an asset management tax director. Bradley will focus on advising investment funds and asset managers on a range of tax issues.
Bradley has nearly 25 years of experience in tax and joins from Herbert Smith Freehills LLP where he was a tax partner mainly focussed on M&A and other corporate transactions, tax disputes and investment funds.
He currently sits on the LexisNexis Tax Professional Support Lawyer (PSL) Board and was previously Chair of the City of London Law Society Revenue Law Committee.
Tim McCann, asset management tax leader at PwC, commented:
“I am delighted that Bradley is joining our team. Bradley’s expertise will benefit our clients across a whole range of tax issues which are currently affecting investment funds and asset managers.”
His new role will focus on:
• Structuring listed investment funds (including UK investment trusts and offshore funds)
• Private investment funds (including private equity, real estate and debt funds)
• Advising asset managers on structuring their own affairs (including carry structures)
• Asset manager M&A transactions
Akin Gump issued a press release yesterday confirming that the London and Frankfurt offices of Bingham McCutchen will join the Firm. In additional some partners from Hong Kong are also moving across. The total number of partners switching allegiance is 22 and more lawyers are expected to follow.
Sebastian Rice, who will be managing partner of Akin Gump’s London office, commented, “The synergies of our combined international practices, together with the incoming team’s strength in London, make this union strategically compelling. The combined European and Asian capabilities will not only considerably improve our client offerings in multiple jurisdictions, but also provide significant leverage in terms of our ability to present ourselves to potential clients here in London, in Hong Kong and in established and emerging markets across the globe.”
The only tax partner known to be moving at this stage is Stuart Sinclair.
Stuart advises on all aspects of corporate tax, focusing on domestic and international restructurings and reorganisations, mergers and acquisitions, structured finance arrangements, and financial instruments. He is recommended in leading industry publications including Chambers UK, Chambers Europe and Chambers Global. Experience includes:
- Represented the noteholders on the €1.3 billion financial restructuring of the Quinn Group, one of the largest multijurisdictional corporate groups in Ireland
- Advised a US-based distressed debt firm in connection with the restructuring of £500 million of debt in Crest Nicholson Holdings Limited, the parent of one of the UK’s largest house builder groups
- Advising a worldwide bondholder group in respect of the nationalisation and restructuring of three major Icelandic banks — Kaupthing, Landsbanki and Glitnir
- Advised the mezzanine consortium, headed by Apollo, Cerberus, Park Square Capital and Goldman Sachs, on the £2.6 billion restructuring of Britain’s largest betting and gaming group, the Gala Coral Group
- Advised an ad hoc committee of senior secured noteholders on the debt restructuring and English law administration sale of Wind Hellas, a Greek telecommunications company
Advised a group of senior lenders on the financial restructuring of Monier, a German roofing company
- Advised Grandtop International Holdings Limited, the offeror, on the acquisition by way of public takeover of UK-based Birmingham City Football Club
- Advised Japan-based Sumitomo Precision Products Co. Ltd. in its $56.6 million acquisition of Aviza Technology Inc., a semiconductor equipment producer headquartered in California
- Advised the noteholders on the financial restructuring of Technicolor S.A. (formerly Thomson S.A.), a French media company
Gray Reed & McGraw has announced the addition of tax attorney Dan Kroll to the firm’s Houston office.
Dan’s practice concentrates on federal income tax, partnership and corporate law matters, primarily for private companies. Dan has particular expertise in tax, structuring and business issues facing the real estate industry from the developer’s perspective, as well as high net worth individuals and many other private businesses. Prior to joining Gray Reed, Dan was a partner and served for 20 years at Baker Botts.
Dan frequently counsels clients regarding the tax-efficient structuring of real estate investments and other joint ventures, as well as private business acquisitions and dispositions. Dan has special emphasis on partnership merger and acquisition transactions and compensating key employees through equity and bonus arrangements.
His diverse practice includes advising on joint venture formations and operations with pension funds and other tax exempt entities with respect to unrelated business income tax matters involving US and Canadian real estate investments by non-US persons. Dan regularly advises on “qualifying income” for real estate investment trusts and “dealer gain” issues for all types of real estate investors.
“Over the last 20 years, I have learned that my passion is getting to know and represent clients as individuals and partner with them to achieve their objectives in an efficient and direct manner,” Kroll said. “Gray Reed provides a platform for me to better serve my clients and to expand my practice to do more of the work I want to do. I’m looking forward to the next 20 years.”
Kroll is also a certified public accountant and an adjunct professor of law at the University of Houston Law School, where he teaches federal income tax consequences of real estate investments and transactions to L.L.M. students.
“Dan’s goals align very well with Gray Reed’s,” Gray Reed President and Managing Director Cary Gray said. “His work is highly respected and we are delighted he has chosen to join Gray Reed. His presence complements our tax practice and brings a new level of depth and expertise for our clients.”
Founded in 1985, Gray Reed & McGraw is a full-service, Texas based law firm with more than 120 lawyers practicing in Dallas and Houston.
Kilpatrick Townsend & Stockton has hired Vanessa Tollis from Gide Loyrette Nouel to chair its international tax team in New York.
Vanessa Tollis specializes in the U.S. tax aspects of cross border transactions (inbound and outbound). As Chair of Kilpatrick’s International Tax Practice, Ms. Tollis regularly advises a wide range of U.S. and foreign clients on tax issues including advising sponsors and participants in the global capital markets on securities offerings and tax efficient structured finance, including cross border securitizations.
She counsels funds and investors on tax issues associated with structuring funds and other joint ventures in addition to advising corporate clients on a broad range of key U.S. international tax issues, including U.S. trade or business thresholds, tax treaty application, withholding taxes, entity classification, debt/equity characterization, Passive Foreign Investment Company (PFIC), Controlled Foreign Corporations (CFC) and Subpart F, Foreign Investment in Real Property Tax Act (FIRPTA), the Foreign Account Tax Compliance Act (FATCA) regime, and a broad range of domestic tax rules. Ms. Tollis also has significant experience in related non-tax transactional work, including general corporate and secured transactions.
James (Jim) D. Reardon has joined Porter Hedges as a partner in the tax section of the corporate practice group. He has a diverse practice, advising both public and private companies on minimizing tax liabilities to achieve specific operational and transactional objectives. He also provides a full range of services to individual and corporate taxpayers who are undergoing audits or challenging assessments on appeal with the Internal Revenue Service and state tax authorities.
As a counselor to closely-held partnerships, limited liability companies, S corporations, and their owners, he assists businesses reduce or eliminate federal corporate income taxation and achieve specific business goals. As a counselor to publicly-traded corporations, he advises with respect to the consolidated return rules, tax-free reorganizations, recapitalizations, and withholding tax issues.
Mr. Reardon advises foreign corporations making investments or conducting business in the United States with respect to U.S. tax issues such as the Foreign Investment in Real Property Tax Act, effectively connected income subject to U.S. income taxation, the branch profits tax, and dividend withholding tax. He advises foreign lenders with respect to the portfolio interest exemption and Foreign Account Tax Compliance Act. He also counsels U.S. corporations and their executives doing business or setting up legal entities overseas.
In the energy industry, Mr. Reardon represents oil and gas companies and other investors making strategic acquisitions or divestitures. He provides personal and corporate income tax advice with respect to the extraction, transportation and processing of natural resources in the upstream, midstream and downstream sectors. He also advises on financial products, physical commodities and cross-border withholding tax and transfer pricing issues where national tax authorities have focused on global trading and hedging operations in the energy industry.
Outside of the energy industry, Mr. Reardon has structured partnership profit interests, non-qualified deferred compensation plans, and other executive compensation arrangements. He has also helped tax-exempt organizations form joint ventures with private companies, advised technology companies raising seed capital, and structured international licensing and distribution arrangements.
With the Internal Revenue Service and state tax authorities focused on raising revenue, Mr. Reardon provides a full range of services to individual and corporate taxpayers who are undergoing audits or challenging assessments on appeal. His work includes eliminating interest and penalties and filing refund claims. He counsels companies on how to implement legislative, regulatory and accounting changes that affect their businesses.
- Represented Swiss Fund in disposition of $500 million Bakken Shale oil and gas assets.
- Represented Swiss Fund in disposition of California San Joaquin Valley oil and gas company.
- Represented Swiss Fund in acquisition of $40 million of oil and gas assets in Argentina.
- Represented Oman Oil Company in structuring disposition of $700 million of Kazakhstan oil and gas assets held in offshore entities.
- Represented public utility company in disposition of nuclear power facilities and with respect to sale-leaseback transactions involving co-generation plants.
- Structured sale of $1.6 billion pipeline partnership.
- Obtained private letter ruling on tax-free spin-off of telecommunications company.
- Structured sale of assets of $1.5 billion electronics distributor to Berkshire Hathaway.
- Advised offshore funds with respect to investments in the US.
- Advised US-based multinational companies on foreign holding company structures, including leverage, exit strategies and foreign tax credit management.
He received his J.D. from Boston College School of Law, LL.M. in Taxation from New York University School of Law, LL.M. in Corporate Law and Taxation from Universidad Pompeu Fabra (Spain), and an A.B. from Georgetown University.