No matter if your business is suffering from economic issues or has an investment decision inside a economically troubled organization, Dentons can help you take advantage of or preserve worthwhile tax attributes.
Our tax attorneys do the job closely with our restructuring and insolvency attorneys to style and apply tax-productive structures to reduce your speedy tax legal responsibility and safeguard worthwhile tax attributes to cut back your taxes Later on or improve your return.
We perform collaboratively with debtors, fairness holders and creditors to align their enterprise objectives and enable build modern tax-successful constructions for all parties concerned. Our working experience consists of structuring transactions and crafting lawful answers to learn shoppers, regardless of whether as a result of considerably less high-priced out-of-court procedures or by insolvency proceedings throughout the world.
Our worldwide team of tax lawyers and restructuring and insolvency legal professionals has working experience across numerous types of industries with every kind of restructurings, and coupled with our worldwide attain, we are able to tackle your preferences anywhere They could be.
• Crystal Palace Football Club:
Advising the Crystal Palace Soccer Club and its board on its normal money problems, including a winding up purchase from Her Majesty’s Earnings and Customs above a considerable tax Invoice. We subsequently recommended the club’s chairman, Simon Jordan, on his place as an important creditor inside the superior profile administration with the club. The club was placed into administration and searched for buyers.
• Grossman’s Inc.:
Symbolizing as Chapter 11 debtor’s counsel in the very first Chapter 11 filing by this hardware retailing chain. A vital part of the confirmed prepare of tax reorganization ( avocat redressement de TVA) was an investment decision by a major trade supplier along with other creditors receiving fairness in the reorganized business inside a method which preserved considerable tax net running decline carryforwards.
Advising a expert retail expense team led by Hilco British isles, on its invest in of Habitat, a leading retail brand with 35 retailers in Britain-26 in France, 5 in Spain and 5 in Germany. This cross border engagement concerned multi-disciplinary teams in Every relevant jurisdiction advising on corporate, tax and restructuring regulation, with numerous difficult conflict of laws issues arising.
• Unbiased oil business:
Advising an independent oil organization on insolvency and restructuring concerns consequent on tax rulings inside the Ukraine in which it experienced concessions.
Advising the directors, PricewaterhouseCoopers, to the administration of two of the united kingdom subsidiaries of Petroplus, which owned and operated a refinery at Coryton as well as a storage facility in Teesside, which includes advising within the tax problems arising. The refinery employed about 500 employees and 350 contractors, providing around twenty% of gasoline for London and also the encompassing area. We have been shortlisted to the Authorized Business enterprise Restructuring Crew of your 12 months Award 2012 for our Focus on this make any difference.
• Pumpster Home Minimal:
Advising Pumpster and Yates’s groups in relation to a £305 million facility with the Royal Financial institution of Scotland to refinance a portfolio of a hundred and five pubs Allow to your Slug and Lettuce, Yates’s and Laurel Pub operating firms. The deal concerned a big tax and company tax reorganization ( avocat redressement de TVA) to allow the shareholders to just take out the £85 million surplus generated on the refinancing, in addition to an amendment to almost all of the leases to boost the price of the portfolio.
• UAL Corporation:
Represented the Official Committee of Unsecured Creditors of UAL and United Airlines within their Chapter 11 scenarios in the Chicago individual bankruptcy court docket. Dentons While using the help of committee retained actuaries and its expert Advantages Team explored all options to termination of the programs and afterwards while in the conditions, analyzed the PBGC’s ensuing claim on behalf of unsecured creditors.