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‘First-class’ firm Ashfords LLP acted for YooMoo on a joint venture investment with R&R Icecream, while other clients include Age Concern and Lloyds Banking Group. David Heard shows ‘sound judgement and creative thinking’, and team head Simon Rous is also recommended.

Foot Anstey advises national and international companies, and many local family-owned businesses. It acted for UBM Information on various disposals, and for Silvergate Media on the establishment of a new international media rights group. Richard Coombs and team head Duncan Sykes are recommended.

Michelmores LLP has key niches in public sector, renewable energy, private equity and international corporate and commercial matters. It advised the founding shareholders of the Mint Hotel chain on its sale to a company established by Blackstone, and other clients include Swedfund, Flybe and St Modwen. Stephen Morse and Richard Cobb are recommended. Johanna Probert was made a partner in 2011, and Brian Garner joined from Bond Pearce LLP.

Bond Pearce LLP’s team is led by Dean Drew, who arrived from Shoosmiths and recently acted for Bath Row Developments on a joint venture relating to the proposed development of new accommodation.

OTB Eveling has a niche corporate and commercial practice, advising venture capital firms as well as companies seeking private equity investments. James Eveling is recommended. The firm is the product of the recent merger between Eveling Legal & Advisory Limited and Over Taylor Biggs.

Stephens Scown LLP’s four-partner team demonstrates ‘commitment, tenacity and clarity’. It has acted on loan, mezzanine and straight equity investments as corporate adviser to Dragons Den Investments, and also advised Imerys on joint-venture matters relating to the Clay Vision Eco-Town projects. Team head James Keliher has ‘excellent negotiating skills’, and Guy Curry has ‘great breadth of knowledge’.

Follett Stock gives ‘great advice which is always practical’, and its expertise includes the renewable energy sector and terms and conditions work for local and national businesses. The ‘invaluable’ Penny Paddle ‘opens doors that clients feel are impossible’.

Kitsons LLP has strength in the health and leisure industries and acts for a large number of SMEs and local enterprises in the Exeter and Torbay area. Team head Dominic Hollingsworth is recommended.

Murrell Associates acted for The Liddimore Group of companies on a complex s110 reconstruction and refinancing, and advised Templar Southwest on a staggered conditional sale of equity. Renewable energy is another source of work. Hugh Murrell is recommended.

Associate Roger Sands is recommended at Wolferstans.

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Legal Developments in South West for Corporate and commercial: The West Country

  • US rules regarding offshore accounts

    The Hiring Incentives to Restore Employment Act 2010, enacted on 18 March 2010, imposes a new US withholding tax and reporting regime, known as the Foreign Account Tax Compliance Act (FATCA). The FATCA regime applies generally to payments made after 31 December 2012, except on obligations (to be defined in future guidance) outstanding on 18 March 2012. Substantial effort is required by foreign entities to bring their worldwide operations and policies into compliance with the FATCA rules as of the effective date.

    - Jones Day

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