This question also goes to the "fairness" of the RP at sanction. We reintroduced focus on what the firm needed to be doing: international growth, quality work, the clients we look after and deliver in a proper way for, a sector approach it was just bringing them all together. After GAS the Court should assess: a)the pre-RP rights of the creditors and how the creditor would fare in the relevant alternative, b)what further contributions they are making to the restructuring surplus most notably whether they are adopting new risk by making new investment / funding available; and. Gain access to some of the most knowledgeable and experienced attorneys with our 2 bundle options! Unlimited access to International Edition, Access to additional free ALM publications, 1 free article* across the ALM subscription network every 30 days, Exclusive discounts on ALM events and publications. What 50+ business leaders value from their in-house legal teams. It is appropriate to treat creditors as exceptional who provide goods or services essential for the continuation of the plan companys business or to the implementation of the plan or the recapitalisation of the plan company. The firm said this constitutes an eighth year of successive income growth, delivered notwithstanding the challenges of the year. Site Map, Advertise| Celebrating achievement, excellence, and innovation in the legal profession in the UK. FERRO LABELLA & WEISS LLC would like to announce that. Don't miss the crucial news and insights you need to make informed legal decisions. It is situated on the river Altmhl, 11 km south of Weienburg in Bayern . In recent years, she has partnered with clients on public policy mandates in the UAE and the Kingdom of Saudi Arabia in connection with proposed changes to the regulatory frameworks for cloud computing, digital content, outsourcing, cross-border data flows and the ICT sector as a whole. Asda, the UKs third largest grocer after Tescos and Sainsburys, will buy the bulk of EGs UK and Ireland petrol stations and food-to-go locations for an enterprise value of 2.27bn to speed its move into the convenience sector. Explore news about the firm and insights about the law. This divergence could potentially lead to disruptive submissions by out of the money creditor constituencies. When you sell services instead of products, the challenge around marketing is made doubly difficult. Addleshaws also grew its partner ranks over the year, with 24 new partners recruited across construction, energy and infrastructure, global investigations, funds finance, equity capital markets and restructuring. The more principled approach may be to focus on the fact that any 'in the money' involuntary creditor may be liable to be treated cautiously by the Court (especially in situations where this a particularly unequal allocation of the "restructuring surplus"). So, before too long, what we currently think of as tech risk will just become risk. Advising The Royal Parks on a novel contract for events held at Londons major parks. EG will continue to operate in the US, Australia and Europe and will retain around 30 UK sites as well as its Cooplands bakery business and other foodservice brands. The projected distribution to HMRC was no more than a marginal improvement on the return in an insolvent administration (being the applicable "relevant alternative" to the plan in question). The firm has increased global partner headcount by 50% and lawyer/business services capacity by 40%, in addition to recording six years of consecutive growth with revenues rising from 171m to 288m, an increase of 68%. Over the years, the site has been subject to a number of unsuccessful redevelopment attempts due to the significant challenges posed by the site so much so that it has been described as being the Everest of real estate on the basis that it is considered to be one of the toughest redevelopment projects in the world, with a number of developers having tried and failed to conquer it. Once redeveloped, the iconic art deco power station building will house Apples new European HQ and a private members club, a 2,000 capacity events venue and over 250 residential homes along with luxury retail, food and beverage and leisure accommodation. Sponsored briefing: Looking ahead: What does 2023 hold for Portugal? For international business law firm Addleshaw Goddard, the challenge was creating a visual campaign that still told the story of its services. Headcount also increased. Irish mid-tier corporate law firm Eugene F Collins has agreed to merge with London-based Addleshaw Goddard, which will result in the 129-year-old name being dropped as it sets its sights on. So you need to be prepared if, or more likely when, your project faces challenges. Kellie Blyth will join the firm to lead its tech and data practice, advising on ICT matters related to digital transformation, data governance, emerging technologies and more. Inevitably, as with all projects, tech initiatives will see varying degrees of success. We will continue to try to be as flexible and supportive as we can be in order to help people succeed and are investing heavily in bonuses this year as well in recognition of peoples efforts. The partner has been at the firm since 2007. 2023 Addleshaw Goddard LLP (SRA ID 440721) - all rights reserved. The office, which employs 20 lawyers including seven partners, was informed on May 23, the firm said. Financial Results 2021/22 Addleshaw Goddard. The transaction will be funded by 450m of equity provided by the shareholders, which includes US retail giant Walmart, Asda's former partner company, along with 770m of term loan debt and 1.1bn from property-related transactions. We're glad you're enjoying this story. Law.com Compass includes access to our exclusive industry reports, combining the unmatched expertise of our analyst team with ALMs deep bench of proprietary information to provide insights that cant be found anywhere else. The High Court of Justice in England (the Court) has recently refused to sanction two separate Restructuring Plans on foot of similar objections from HMRC against an attempted 'cross class cram down' under the (unrelated) plans launched by Nasmyth Group Limited ([2023] EWHC 988 (Ch)), and by The Great Annual Savings Company Ltd ([2023] EWHC 1141 (Ch)) - each pursuant to Part 26A of the . A Question of Fairness, https://www.addleshawgoddard.com/en/insights/insights-briefings/2022/restructuring/the-mid-market-restructuring-plan-v-hmrc/, Modern Slavery Act Transparency Statement. Meantime EG has been counselled by Skadden Arps Slate Meagher & Flom. Joyce added: The only certainty this year is that it will be even more uncertain than the last but we have made a solid start and some teams remain very busy whilst others have seen their markets badly impacted and arguably have a more negative outlook. Find out how we deliver imagination and impact to our clients and people, Discover how we deliver imagination and impact to our clients in over 90 countries around the world. Stuff and the service are excellent.". The success of your IT will increasingly go hand in hand with the fortunes of the business itself. The A&O team advising on the other debt financing aspects of the transaction was led by leveraged finance partners Denise Gibson and Alice Smith and high yield partner Marwa Elborai, supported by senior associates Luke Newling and Odysseas Theofanis, and associates Nicole Crockford and Lachlan Shaw. This website is not responsible for, and does not control, such external content. GAS largest asset was the commission debtor book (being claims by the RP company for commission due under brokerage contracts). Several companies have made unwanted headlines over high-profile tech disasters. Intermodal transports in Kombiverkehrs network A new Vehicle Booking System at Solent Stevedores EC depot at London Gateway is claimed to have increased efficiency by 88%. As a business, you have a careful balancing act to manage. 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I am really pleased to have been given the opportunity to continue to lead the firm through what will undoubtedly prove to be a period of ongoing uncertainty but the strong business that we have created and the way in which we have pulled together during the pandemic gives me real optimism for the future.. For the Court to have sanctioned the RP unconditionally would have imposed new obligations on HMRC to agree to a TTP arrangement, to which the plan company had no "right" in law. Our second option allows you to build your bundle and strategically select the content that pertains to your needs. Andrew Johnston, Head of Middle East & Asia, Addleshaw Goddard said: "Kellie is a fantastic addition to our team and her appointment is an exciting development for us in a really key area for clients. Your business needs to be alive not just to the benefits that new technologies will bring to your operations, but also to the challenges inherent when introducing it and, once implemented, your increasing reliance on it. What levers do you have (contractual or otherwise) to get the project back on track? However, profit per equity partner (PEP) endured a modest decline, falling 5% to 690,000 from 727,000 in 2018/19, when the figure jumped by 12%. The press release is provided for informational purposes only. Aviation, Rail Finance and Shipping Finance), - Debt Capital Markets (incl. Copyright 2023 Zawya. The Virgin Active RP[3] ruling noted that the business and assets of the RP company belong (in economic reality) to the in-the-money creditors (i.e. You need to think carefully about what you want to achieve with this new tech and how and when you want to achieve it. Already all of our European offices are working regularly together to offer a much wider experience for clients.. The High Court of Justice in England (the Court) has recently refused to sanction two separate Restructuring Plans (RP) on foot of similar objections from HMRC against an attempted 'cross class cram down' under the (unrelated) plans launched by Nasmyth Group Limited (Nasmyth) ([2023] EWHC 988 (Ch)), and by The Great Annual Savings Company Ltd (GAS) ([2023] EWHC 1141 (Ch)) - each pursuant to Part 26A of the Companies Act 2006. Crucially, HMRC failed to produce contrary expert valuation evidence of its own. Insights & briefings. Digitalisation and automation are now woven through every aspect of business, whether front-end customer engagement, supply chains, outsourcing, back-end administration or compliance and audit functions. 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The Court could not attribute clear current value to the alleged claims, where they were too inchoate to have any clear value placed on them, were unproven, and where HMRC had provided no evidence as to their valuation. The long-awaited tie-up of the two groups, both owned by the billionaire Issa brothers and the private equity firm TDR Capital, will create a company with combined revenue of almost 30bn. Even where a tech project has been implemented successfully, issues may arise later on. Six in the UK - London, Leeds, Manchester, Edinburgh, Glasgow, Aberdeen; six in Europe - three in Germany and one in Ireland, France and Luxembourg; a further four in the GCC - Doha, Dubai, Muscat . Christopher Gilchrist Fisher, senior director of CBRE Global Investors, said: Without the co-operation and shared objectives of all involved, this transaction would not have happened. 5 - 7, 91781 Weissenburg in Bayern, Bavaria, Germany. Who is Addleshaw Goddard Headquarters 60 Milton Gate, London, Greater London, EC1Y 4AG, United Kingdom Phone Number +44 2076068855 Website www.addleshawgoddard.com Revenue $204.1M Industry Law Firms & Legal Services Addleshaw Goddard's Social Media Is this data correct? In Nasmyth, HRMC had secondary preferential status (209,703), and the RP was predicated on (1) a secured creditor advancing the balance of a secured loan facility; and (2) HMRC entering into new 'time to pay' (TTP) arrangements with the plan company's corporate group (2,561,499.38 HMRC debts, and some dating back to 31 January 2020). Read. Terms of Service. Income from recruitment portal AG Integrate also spiked by 47%. Our Compliance bundles are curated by CLE Counselors and include current legal topics and challenges within the industry. Subscribe for updates. The Drum Awards for Marketing are currently open for entry. The promotion is effective from May 1, 2023. Both options are priced the same. the potential positive value difference for the RP company generated by the RP, and the use of the business and assets of the RP company it envisages, when compared against the relevant insolvent alternative). they would share the entire restructuring surplus between them, save for 20,000 shared between the preferential and unsecured creditors. After a strong first half,we adapted quickly to the pandemic and to closeout the year in-line with plan is testament to the quality and diversification of the firms client base and the resilience of our people and the infrastructure built in recent years.. The idea of a global, consumer-focused metaverse as a freely accessible, multi-experience open space . All Rights Reserved. A steely performance saw turnover increase 4% while partner profits took a minor hit, declining 5% to 690,000. Addleshaw Goddard won at The Drum Awards for B2B 2022 in the B2B Print/Illustration or Imagery award for its striking campaign. 2021 Addleshaw Goddard LLP (SRA ID 440721) - all rights reserved. Regional revenue performance is also testament to the firm's improvement in Europe. Total distributable profit reached 136m, equal to a margin of 42%, while profit per equity partner hit 849,000 a striking 23% leap from the previous year, where PEP fell 5% to 690,000. CMS fielded a multi-disciplinary team, led by partners Gareth Saynor and Peter Winnard, comprising over 35 advisers in Sheffield, Manchester, London and Edinburgh, to deliver this deal for Vita. Locking-in HMRC in advance to the RP proposal may prove key. WELCOME TO OUR LATEST EDITION OF OUR TRUSTEE QUARTERLY UPDATE! Around the house: Everest Re lands former MetLife and Freddie Mac legal head, Sony Music UK names new GC, Kirkland, Latham and Skadden check in for Asdas 2.3bn acquisition of EG petrol chain arm, Weil secures Houston energy partner from Simpson Thacher, Linklaters adds litigation partner from Morgan Lewis to strengthen US team, WE Soda calls in Latham as it plots first big ticket London listing in 2023, The laws of fashion: landmark luxury cases to watch in 2023, CRM dont lose sight of what the initials stand for: Client Relationship Management, NautaDutilh appoints second woman to three-strong leadership team, New trade deals herald closer UK links for Australian and New Zealand lawyers, Fieldfisher opens in Vienna as part of latest European growth push. Essential insights on the law and how it impacts business. In considering the "no worse off" test, HMRC (in both RPs) asserted possible antecedent claim recoveries might later raise value for distribution to it in the insolvent alternatives (e.g., preference claims, transfer at an undervalue, wrongful trading, misfeasance claims). For this award, judges looked for a standout example of real estate-related work, including financing, development or construction, or cases and transactions in planning, environment and regeneration. Reed Smith Bolsters London Private Equity Team with Willkie Farr Partner, Quartet of International Firms Advises on $8.4B Saudi Green Hydrogen Megaproject, Reed Smith Reshuffles Senior Team Under Newly Minted Leader, Law Firm Leadership's Guide to Strategic Implementation of GPT-4, Law.com Editors and Analysts Offer Top Trends to Watch for 2023, Power Position: A Deep Dive on The 2023 Am Law 200, Mitigate Enterprise Risk with a Technology Ecosystem Anchored by CLM, COMMERCIAL FINANCE ATTORNEY - CT OFFICES; REMOTE will be considered. The difference in treatment of HMRC was commercially unjustified relative to their contribution to the restructuring surplus, resulting in an unfair distribution, and refusal of sanction. Dubai, UAE Addleshaw Goddard has announced a key partner hire to further strengthen the firms Middle East technology and data capabilities. What 50+ business leaders value from their in-house legal teams. 4 min. 2 May 2023. Listen to article Advising Grange Hotels on the sale of part of the reorganised group to Queensgate Investments for some 1bn, a portfolio comprising four upscale hotels offering around 930,000 sq ft of real estate. Law.com Compass includes access to our exclusive industry reports, combining the unmatched expertise of our analyst team with ALMs deep bench of proprietary information to provide insights that cant be found anywhere else. Insights & News. Pappenheim. The deal focuses on one of Londons largest, most hotly-anticipated regeneration sites. The Court in Nasmyth accepted that whilst two out of the money creditors' votes had no value as such, they nonetheless maintained a legitimate interest in opposing the plan, meaning the Court was entitled to take their views into account in exercising its discretion. Whats the secret? I am hugely proud of what our team has achieved across many different fronts to better support and service clients, to offer people a great place to work and to deliver our strongest performance to date. International business law firm Addleshaw Goddard was an original pioneer in the field of litigation funding, but half a dozen new entrants to the market demanded a response from the firm. Find out how we deliver imagination and impact to our clients and people Family offices shift asset allocation amid rising interest, geopolitical concerns, UAE is a leader in renewable energy competitive auctions IEA, Saudi PIF to take 30% stake in Tamimi Markets via capital increaess, UAE is MENA's top M&A destination in Q1 2023 with deals worth $2bln, In challenge to Meta, Apple expected to unveil mixed-reality headset, Guardiola says United a better team than the one City hammered months ago, Dubai Esports and Games Festival unveils dynamic lineup of events in June 2023, Indian PM Modi invited to address joint meeting of U.S. Congress on June 22, Biden lauds U.S. job growth, says debt ceiling bill to also boost economy, China is reshaping the Belt and Road Initiative ahead of a post-pandemic era, Kellie Blyth, who brings considerable experience advising leading names on ICT mandates, including in the fields of digital transformation, data governance and emerging technologies, joins Addleshaw Goddard to further strengthen the firms Middle East technology and data capabilities. Acting for longstanding client Vita on its landmark 600m portfolio sale of Vita Student assets to DWSs real estate funds. Ultimately, as Leech J noted, in the Nasmyth RP, the failure to lock-up HRMC's agreement to the TTP arrangements pre-RP was fatal: "what tips the balance against sanctioning the plan in the present case is the Companys failure to agree TTP arrangements with HMRC before putting the Plan forward and asking the Court to sanction it". The Addleshaw Goddard effort was led by Georgina Powling, commercial partner and co-head of IP, and Joe Maitland, real estate partner. Reporter. Our Compliance bundles are curated by CLE Counselors and include current legal topics and challenges within the industry. A raft of firms including Kirkland & Ellis, Latham & Watkins and Skadden Arps Slate Meagher & Flom are acting in Asdas 2.3bn acquisition of EG Groups UK and Ireland business. 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Market reacts over Credit Suisse buyout as bondholder litigation looms large, Middle East and North Africa focus: The competitive edge, China: Lifting the lid on Chinas Greater Bay Area legal opportunities, A new hope for Cypruss recession-battered lawyers, Return of the black dog Hard times return for Cyprus legal community, Euro Elite 2023: Germany The centre holds. Jaya Gupta joins the firm as a partner from A&O in the . After much back-and-forth between the judges in a keenly contested category, we are now delighted to reveal the winner of Real Estate Team of the Year for the 2020 Legal Business Awards. Overview Competitors News & Insights Managing Partner John Joyce CEO Approval Rating 89/100 Weigh In 1775 Leeds England Private Independent Company Professional Services Our Team Account subscription service is for legal teams of four or more attorneys. Unlimited access to International Edition, Access to additional free ALM publications, 1 free article* across the ALM subscription network every 30 days, Exclusive discounts on ALM events and publications. The Court in Nasmyth further found it difficult to see how the directors did not consider HMRC to be an essential creditor going forward, to keep whole, especially when the groups future existence depended on the proposed TTP. Asda chairman, Stuart Rose, said the tie-up with EG was all about driving growth by bringing Asda's heritage in value to even more communities and accelerating the growth of its convenience retail business. It serves clients in Asia through its hub in Singapore and also has a growing presence in Paris, Hamburg and in six of the UK's key commercial centres. VIDEO: UAE Corporate Tax: What are Tax Groups, and when can they be formed? / 48.93472N 10.97444E / 48.93472; 10.97444. Meantime the A&O team advising on the term loan was led by leveraged finance partner Annette Kurdian and high yield partner John Kicken, supported by associates Sampada Bannurmath, Hershil Kotak and Oriana Yeung. Law Offices of Gary Martin Hays & Associates Advising South Tees Development Corporation on the acquisition and regeneration of TATA Steels former steel works on Teesside; this was the first transaction involving a mayoral development corporation outside of London. Meantime the A&O team advising on the term loan was led by leveraged finance partner Annette Kurdian and high yield partner John Kicken, supported by associates Sampada Bannurmath, Hershil Kotak and Oriana Yeung. You expressly agree that your use of the information within this article is at your sole risk. Hamish McNicol, Legal Business: How do you build your identity and culture as a legal team? 2d Edited. Addleshaw Goddard. 2023 Addleshaw Goddard LLP (SRA ID 440721) - all rights reserved. Budget: pensions tax changes The KSA office will offer expertise in corporate, banking and finance and infrastructure assignments and has broad sector expertise in energy, oil and gas, renewables, infrastructure, transport, technology, hospitality, manufacturing and consumer goods which aligns closely with KSAs Vision 2030. This can include the new contractual adjudication scheme launched by the Society for Computers and Law, a three-month procedure that aims at swift settlement of tech disputes. The full list of winners can be found here. London, Directors: New Mandatory PPS Number Requirement, Share Charge Enforcement Strategies for Private Credit Lenders, Mid-Market Flexibility and the First Creditor Led Restructuring Plan, Get our latest updates delivered to your inbox >. By delivering what clients want wherever they need it, from high value strategic advice, to the everyday, They pride ourselves on Their straight talking approach and a service which is high quality, focused and consistently Kellie Blythbrings considerable experience advising leading names on ICT mandates. Find out how we deliver imagination and impact to our clients and people, Discover how we deliver imagination and impact to our clients in over 90 countries around the world. Addleshaws senior partner, Charles Penney, noted: John is a highly respected leader dedicated to making our business attractive to the best clients and to the best people and he has the overwhelming support of our partners from all our offices across the UK, Europe, Asia and the Middle East to lead our firm over the next four years., For more on Addleshaw Goddard and its leadership, see our interview with John Joyce earlier this year: The Addleshaws Interview: The rebound guy. Meganne Tillay. For more information, please contact: Gambit Communications Tony Sidgwick Account Director tony@gambit.ae. Over 80% of revenue was generated through energy and utilities, financial services, health, real estate, retail and consumer, and transport. Christian CollinsonHead of Communications+44 (0)77 7558 6572Email Christian >, Orla O'DonovanSenior Media Relations Manager+44 (0)20 7160 3108+44 (0)77 2163 6834Email Orla >, James FrielMedia Relations Manager+44 (0)131 222 9558+44 (0)73 8595 3103Email James >, Jack MulliganMedia Relations Manager+44 (0)20 7160 3482+44 (0)73 4209 3518Email Jack >, John KaponiMedia Relations Manager+44 (0)20 7788 5591+44 (0)78 8047 5854Email John >, Get up to date with our latest news on LinkedIn. HMRC were thus contributing significantly to the restructuring surplus in a manner the RP distributions did not recognise: HMRC's critical contribution being the proposed TTP arrangements. In Nasmyth and GAS, lower ranking creditors (who would otherwise rank below HMRC in the 'relevant alternative' insolvent payment waterfall and only be paid once HMRC's preferential claims were met in full) will receive a distribution under both RPs without HMRC having been paid in full. A lot of that comes down to the personality of the GC. And how do you then communicate your teams qualities to the wider business? The Court's view was that the "secured creditors appear to have seen the Plan as a convenient opportunity to eliminate the debts which the Company owed to HMRC for a nominal figure and to use the Plan to put pressure on HMRC to agree new TTP terms". 5,297 followers 3mo Get up to date with all things litigation with our Winter 2022/23 edition of The Brief Case, our litigation newsletter looking at recent changes and legal vulnerabilities. 51,969 followers. In Q1 2023, Addleshaw Goddard Middle East announced the opening of an office in Riyadh, Kingdom of Saudi Arabia, subject to regulatory clearance. Each year, over 3,000 leading companies and finance players around the world trust us to deliver. United Living is a leading provider of essential infrastructure, social housing maintenance . shift in waterfall ranking), then whether that difference in treatment is commercially justified relative to their contribution to the restructuring surplus. Responding to the figures, managing partner John Joyce (pictured) said: Our goal through the year was to continue investing in further growth and bringing to clients the advantages of a growing globally active business. Addleshaw Goddard When Theodore Goddard merged with Addleshaw Booth & Co in May 2003 there was much speculation as to whether or not the two firms were suitable bedfellows. Copyright 2023 ALM Global, LLC. We help them in multiple industries . P.C. Nasmyth and GAS: were HMRC really "no worse off" under the proposed RPs? Findlay Anderson, Baker Hughes Oilfield Equipment: The culture of the legal team comes from two different sources. Essential insights on the law and how it impacts business. Latham advised the supermarket on bank financing, A&O on employee pension implications and UK firm Charles Russell Speechlys on the real estate components. Such an issue could occur due to a security breach (eg, hacking incident) or human error (eg, accidental data disclosure). The company reported like-for-like sales growth of 7.8% in the three months to the end of March compared with the previous year, whiletotal revenues excluding fuel increased by 8% to 5.0bn. Does it place escalation obligations on the parties that are constructive or distracting? Creditors will be considered essential if the directors had respectable commercial reasons for so classifying them. It lost its way, undoubtedly, and all weve done is refocus our efforts. The proposed effect of the Nasmyth RP was that the secured lender (and new money provider) would be paid in full and the existing equity would obtain ownership of the group i.e. Taymour will strengthen our structured finance and securitisation . Her core practice includes advising on complex commercial arrangements, including outsourcing, digital transformation and data centre related contracts, as well as on the full spectrum of data privacy and cyber security matters across the region. You will have to continue to evolve your IT systems to remain relevant and ahead of competitors, but you must also do what you can to ensure the new technology is implemented and operated in a way that is as low-risk as possible. Click on the banner to find out more. Each of those examples and more were representative of one of the core tenets to which Addleshaw Goddard adheres, and was a visually distinct way of demonstrating that to prospective clients. Addleshaw Goddard has hired a lawyer from Allen & Overy (A&O) to lead its corporate governance offering in London. Though UK turnover was up a solid 15%, it paled in comparison with that generated overseas, which jumped a striking 30%. Essential insights on the law and how it impacts business. The GAS ruling adopted a more traditional approach giving little if any value to such creditors. And when a dispute materialises, the contract will be tested. The survival of the Nasmyth group as a going concern was explicitly subject to the plan companys subsidiaries agreeing TTP arrangements with HMRC. And even with that planning and commitment in place, most IT implementation projects will often encounter time, money, resource and/or scope issues during their implementation. She also routinely advises clients on the roll-out of new digital offerings and technology-driven procurement and implementation projects. Kellie joins Addleshaw Goddard from Baker McKenzie, where she led the firm's Middle East technology and data practice for nearly five years. Addleshaw Goddard has kept pace with an emerging trend over the past month, posting robust financial results for 2020/21 following a pandemic-hit year previously. The overall lawyer number rose by 15% to 2,348, while 40 new partners were added across key practices globally. Accordingly, in a dispute it can be vital for issues to be resolved before the existing tech on which the business presently depends becomes obsolete, or the market moves on and your investment (or even your whole operation) is sunk. Getting the right advice at the start could save a series of headaches (or worse) later on. Addleshaw Goddard served as principal legal advisor to the Co-op. Most technology projects are intended as a catalyst for change within a business whether to vital logistics and administration functions, the customer journey, or the business as a whole. With this subscription you will receive unlimited access to high quality, online, on-demand premium content from well-respected faculty in the legal industry. The other factor is how the business sees its legal team: are they a hired function that sits in a corner and you call on them when you need them, or do you put them right in the middle of the decision-making of the company? FERRO LABELLA & WEISS LLC would like to announce that. Don't miss the crucial news and insights you need to make informed legal decisions. Dynamically explore and compare data on law firms, companies, individual lawyers, and industry trends. Law.com Compass delivers you the full scope of information, from the rankings of the Am Law 200 and NLJ 500 to intricate details and comparisons of firms financials, staffing, clients, news and events. Modern Slavery Act Transparency Statement, - Healthcare Infrastructure and Public Sector, - Private Health Providers, Operators and Insurers (EN), - Resources, Waste Management and Sustainable Supply Chains, - Transport Infrastructure, Manufacturing and Finance, - Antitrust Investigations and Dawn Raids, - Civil Fraud, Asset Tracing and Recovery, - Online Reputation and Rights Protection, - Asset Based Lending, Trade and Supply Chain Finance, - Asset Finance and Leasing (incl. There are already 166 Asda On the Move convenience stores that have been rolled out on EG sites since the Issa brothers bought the supermarket in 2021 for $6.8bn; all EG sites in the UK and Ireland will now be rebranded under the Asda name. The question is then whether the dissenting class (HMRC in-the-money preferential claims in Nasmyth and GAS) received a share of each enterprises value that was in some manner proportionate to the compromise that it was being asked to make. He added: Looking ahead our intention is to build on the growth we have seen and the investments we have been making in order to continue delivering to clients a global business with ever more imaginative and impactful solutions.. John Joyce, managing partner, Addleshaw Goddard: Weve always had a good business. Addleshaw Goddard is an international law firm with over 2,500+ employees across our 17 offices spanning key commercial centres around the world. Continuing work on key client Blackstones real estate acquisitions and financings, including a joint venture with Telereal Trillium to acquire Network Rails 1.46bn commercial real estate portfolio, as well as on its acquisition of Dream Global REITs assets. Jack Womack . HMRCs share of the restructuring surplus was to be "both tiny by comparison with [the secured creditor] and in absolute terms". From the smallest pop-up shop to FTSE 100 entities, technology is at the core. In addition, the total bonus provision for AG this year will be three times larger than the prior year, which itself had been a record, to reflect the positive outcome for the year. We are seeking an attorney to join our commercial finance practice in either our Stamford, Hartford or New Haven offices. This was a complex transaction requiring significant strategic advice at every stage and was of huge significance for the client, allowing it to scale up its growth and bring more innovative brands to market while continuing to deliver high-quality student accommodation. Law Offices of Gary Martin Hays & Associates Whereas HMRC have a blocking stake in any CVA as a secondary preferential (crown preference) creditor, it has no such statutory veto power in an RP. The Court will be alive to attempts to "engineer" the destination of any restructuring surplus. Mariam bint Mohammed Almheiri inaugurates new headquarters of International Islamic Food Processors Association in Dubai, AVEVA further strengthens executive leadership team with four new senior roles, Aster Pharmacy and Spinneys launch a unique wellness concept Zest Pharmacy, Al-Futtaim Toyota launches an all-new compact SUV, the Toyota Urban Cruiser, Open call for Louvre Abu Dhabi Art Here 2023 extended to July 2023, NAFFCO CEO cites UAEs robust infrastructure as a cornerstone of success, Netflix, Disney, Amazon to challenge India's tobacco rules for streaming, Harry to become first British royal in 130 years to give evidence in court, Average period of settling a case falls from 45 to 24 days: Saudi minister, Kuwait's MoI: Biometrics sets databank for individuals aged 18, above, UAE and Switzerland foster collaboration in judicial affairs. All rights reserved. You must be logged in to view full premium content.
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