Represented a state bankers' association in the development of legislation for modernizing the PA Bank Shares Tax, the Older Adult Protective Services Act, the Mechanics Lien Law, the Contractor and Subcontractor Payment Act, the Power of Attorney Law, the Motor Vehicle Sales Finance Act, the PA Unclaimed Property Act, the Sales and Use Tax Law, and the Department of Banking and Securities Act.
Advised one of the largest public pension funds in the United States, along with its consortium partners, in the successful bid to acquire a 50-year lease of an Australian port. This was a strategic investment for our client and its first investment in Australian infrastructure.
Advised a global payment technology solutions company on the US$83 million sale of its wholly owned subsidiaries in Lithuania, Latvia, and Estonia to a European leader in the payments and transactional services industry.
Advised an institutional asset manager on the structuring of an investment by a U.S. fund manager into a number of Australian farming properties. Ensured Foreign Investment Review Board approval was granted; that the structure was tax efficient; and that concessions for offshore pension plans, and tax concessions for offshore investors under the managed investment trust regime, were obtained. Advised on tax and GST treatment of ongoing operations, duty implications on direct and indirect land acquisitions, and creating flexibility for potential divestment in the future.
Represented a state-chartered non-depository trust company seeking to exercise “parity” authority to operate a short-term investment fund under OCC requirements rather than state regulatory requirements.
Advised an Irish leasing company on the purchase and lease of aircraft, and leases to a number of international airlines, including those based in the United States, the UAE, Asia, and Europe.
Represented a private equity fund in acquiring a 57-unit apartment complex in one line for a club of high-net-worth investors. Assisted on all aspects of the transaction, including tax, real estate, and financing.
Acted on retainer for one of Australia's largest retirement village operators. Advised on all the indirect tax aspects of client's business, including in respect of material acquisitions and new developments.
Represented a U.S. Section 501(c)(3) exempt organization in connection with obtaining an IRS private letter ruling in a major restructuring of client's U.S. and international activities.
Advised a U.S.-based nuclear power company, a global leader in nuclear technology, fuels and services, in its sale to a publicly traded business services and industrials company focused on owning and operating high-quality businesses that benefit from barriers to entry and/or low production costs.
Advised a sovereign wealth fund with the restructuring of its joint venture arrangement with a U.K. company. Involved implementing a tax-efficient structure so that the underlying interests in undeveloped U.K. land could be split into two separate parcels of land and under two separate holding vehicles to enable ease for future financing arrangements and cleaner exit strategies.
Represented depository institutions in complex sales and use tax audit, bank shares tax, and realty transfer tax appeals.
Represented a consumer products company, a pharmaceutical company, and a petroleum by-products manufacturer in obtaining state and local economic development grants, loans, and tax abatements.
Represented high-net-worth individuals in personal income tax appeals involving pass-through income, residency issues, carry-interest, and capital gains generated by the sale of partnership interests in improved property.
Represented a billboard advertising company in the successful challenge to the assessment of billboards as real property for tax purposes pursuant to a countywide property reassessment.
Assisted the real estate investment fund managed by a leading independent alternative asset management platform in Italy in the acquisition of a large office property in Rome from CACEIS Bank SA - German branch and the subsequent financing of the transaction by an Italian securitization company established under law 130/1999. This represented an innovative and one of the first lending transactions in Italy carried out by an Italian securitization vehicle after a change of the securitization law. Both the acquisition and the financing implied the analysis of complex Italian tax matters, which had also to be addressed in the contractual arrangements between the parties.
