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Jones Day


London: Corporate and commercial

Commercial contracts
Commercial contracts - ranked: tier 5

Jones Day

At Jones Day, practice head Jonathon Little assists customers and suppliers with negotiating a broad cross-section of outsourcing agreements, including telecoms, network, BPO and IT. His other areas of expertise beyond outsourcing include IT licensing, systems and software acquisition, and agency and distribution agreements. Elizabeth Robertson (who is particularly active in the financial services and pharmaceuticals/healthcare sectors) focuses on technology-related agreements; her workload includes software M&A, software licensing and website hosting agreements. Rhys Thomas is experienced in resolving disputes arising from outsourcing arrangements for technology services companies, most notably in the context of government-sponsored projects. Clients include Elbus Consulting, Fadata and British Land.

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Corporate tax
Corporate tax - ranked: tier 5

Jones Day

Jones Day's tax department predominantly focuses on real estate-related transactions, although it also has significant M&A and financing experience. The group is led by real estate expert Blaise Marin-Curtoud, whose highlights included advising Henderson Park on its £500m acquisition of Metropole Hotels Holding, as well as post-acquisition restructuring of the target company to enhance exit opportunities. Charlotte Sallabank advised GE Healthcare on the tax aspects of its acquisition of Rapidscan Pharma Solutions, which involved combining a UK-style acquisition of the UK subsidiary with a US-style merger of the US parent company. Anthony Whall advised Macquarie Capital on the joint venture between Peel Logistics Property and Ivanhoe Cambridge.

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EU and competition
EU and competition - ranked: tier 4

Jones Day

State aid expert¬†Matt Evans¬†heads the ‚Äėvery knowledgeable‚Äô team at Jones Day,¬†whose client roster includes Garmin, Linear Technology, Chevron and Goldman Sachs. Evans acted as competition counsel to RPM International in respect of the acquisition by its subsidiary, Universal Sealant, of Ekspan Holdings.¬†Nick Cotter¬†has been defending Mastercard against claims for damages under EU and UK competition law brought by retailers for losses allegedly suffered as a result of Mastercard‚Äôs arrangements for the setting of multilateral interchange fees on debit and credit card transactions.

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Financial services
Financial services (non-contentious/ regulatory) - ranked: tier 6

Jones Day

Despite the departure of John Ahern to Katten Muchin Rosenman UK LLP in February 2018, Jones Day still has significant firepower in London and across its international offices, in particular from Washington DC, enabling it to handle a range of contentious and non-contentious work for banks, funds and broker-dealers. Harriet Territt often handles FCA investigations for clients, and is also increasingly active in assisting clients with implementing risk management measures to avoid potential litigation.

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M&A: upper mid-market and premium deals, £250m+
M&A: upper mid-market and premium deals, £250m+ - ranked: tier 5

Jones Day

Jones Day's¬† ‚Äėexcellent‚Äô practice counts real estate, life sciences, industrials, defence and aerospace as key sector strengths, in addition to having a strong track record in financial services. The firm‚Äôs corporate practice is jointly headed by¬†Giles Elliott¬† and Leon Ferera¬†, with Ferera heading up the M&A side. The practice has been involved in some leading matters in the industrial sector recently, with Ferera handling Canyon Bridge Capital Partners‚Äô ¬£550m acquisition of Imagination Technologies Group and Julian Runnicles¬†¬†advising Koch Supply & Trading on the sale of its Rotterdam-located refinery to Vitol. In the retail sphere Raymond McKeeve¬†advised L1 Retail on the ¬£1.77bn acquisition of Holland & Barrett. Real estate and TMT are also important for the firm‚Äôs transactional offering. Liam Bonamy¬†, Ben Shribman¬† and William McDonald¬† were all recently promoted to partnership level.

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Private equity: transactions
Private equity: transactions ‚Äď high-value deals - ranked: tier 4

Jones Day

Private equity: transactions ‚Äď mid-market deals - ranked: tier 1

Jones Day

Jones Day's top-tier status for mid-cap deals is reflected by its prominence in a large number of headline UK and cross-border buyouts. In addition, the firm has a strong market profile in (and has a sizeable share of the market for) large-cap transactions; clients in this space include such names as Bain Capital, Macquarie European Infrastructure Fund and Blackstone. Its dedicated team (which operates within a larger globally integrated group) houses an impressive bench of junior partners, including Liam Bonamy, Ben Shribman and John MacGarty. In 2017, Shribman and Neil Ferguson acted for Canyon Partners and Bain Capital Credit in their £525m sale of the QHotels portfolio to Aprirose; this transaction represented the largest UK hotel transaction of the year. Another notable individual in the group is Raymond McKeeve who recently led a multi-disciplinary cross-office team advising CVC on the $703m acquisition of the international (non-US) women's health assets of Teva Pharmaceutical Industries. In addition, McKeeve and Shribman advised L1 Retail (LetterOne's retail investment arm) on the $1.77bn acquisition of Holland & Barrett from The Carlyle Group and The Nature's Bounty Co. Mid-cap deals in 2017 included acting for The Riverside Company in its investment in Impeo Software, and also advising the same client on the acquisition by portfolio company The Dwyer Group of Countrywide Grounds Maintenance. Inflexion, Investcorp and Alcuin Capital Partners also instruct the firm on midmarket transactions. Patrick Stafford is a co-chair of the global private equity practice. Michael Weir joined White & Case LLP.

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London: Crime, fraud and licensing

Fraud: civil
Fraud: civil - ranked: tier 1

Jones Day

Jones Day's¬†‚Äėvery strong team‚Äô handles complex international fraud and asset tracing work, disputes with significant offshore components, and injunctive relief. Head of team Sion Richards¬†led on advising Nicholas Guy Edwards and Philip Stephen Bowers of Deloitte in their capacities as joint liquidators of the Angel Group in a matter worth ¬£10m. Richards is ‚Äėsolid and resolute‚Äô and ‚Äėhis knowledge of the issues and tactical judgment are both superb‚Äô. Barnaby Stueck¬†led on advising Brian Glasgow in his capacity as bankruptcy trustee of Harlequin Property in a matter worth around ¬£270m. Craig Shuttleworth¬†is ‚Äėa very experienced street fighter‚Äô and associate Annabel Treadgold¬†‚Äėleads from the front‚Äô, shows ‚Äėexcellent management of the team and is confident and robust in her views‚Äô.

Leading individuals

Craig Shuttleworth - Jones Day

Sion Richards - Jones Day

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London: Dispute resolution

Banking litigation: investment and retail
Banking litigation: investment and retail - ranked: tier 4

Jones Day

Jones Day 'combines the advantages of a big worldwide firm well-used to servicing huge corporate clients with a genuinely litigation-focused culture which routinely delivers excellent results for its clients'. The practice excels across the spectrum of banking litigation, from disputes relating to sophisticated bank products to high-profile cases involving major bank failures. Recent matters include acting for foreign exchange traders across various institutions involved in the international investigations and litigation surrounding the alleged manipulation of foreign exchange markets. The 'tactically astute' Sion Richards is particularly focused on major fraud, asset tracing, and corruption investigations, as well as contentious insolvency disputes; Lucas Moore is 'very clever and with a nice manner'; and Adam Brown is 'one of the finest solicitors around - a knowledgeable lawyer with a fine sense of judgment, he is very hardworking, efficient and supremely calm under pressure'. Harriet Territt is also highly rated.

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Commercial litigation
Commercial litigation - ranked: tier 3

Jones Day

Jones Day is 'one of the largest commercial litigation firms in the world and its London office is increasingly a star in its global crown'. It handles market-leading, high-profile cases involving antitrust litigation, commercial fraud, contentious insolvencies and financial services, among other issues. In one of the largest private actions for damages recently pursued in the courts, the team was lead counsel to Mastercard in groundbreaking litigation, brought by retailers from across the UK and EU, in connection with the legality of certain Mastercard fees paid by retailers for payment card transactions. Sion Richards is 'a dynamic head of department with great rainmaking skills' and Craig Shuttleworth is 'a very experienced street fighter'. Other key contacts include Adam Brown and associates Sarah Batley and Daniel Travers.

Leading individuals

Craig Shuttleworth - Jones Day

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International arbitration
International arbitration - ranked: tier 5

Jones Day

Jones Day 'has world-class specialists with broad reach and great understanding of clients’ needs'. Lee Coffey led the successful representation of Ageas, as one of the defendants, in a Paris ICC arbitration; the matter involved an indemnification claim based on a consortium and shareholders' agreement arising from a large banking acquisition. Sion Richards heads the global disputes practice in London; Baiju Vasani is 'a superb strategist and achieves the best outcome for his clients'; recently promoted Sylvia Tonova represents investors and states in commercial and investor-state arbitrations; and of counsel Tatiana Minaeva is particularly experienced in Russia and CIS-related disputes.

Leading individuals

Baiju Vasani - Jones Day

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Public international law
Public international law - ranked: tier 4

Jones Day

Jones Day's 'very professional team is completely trusted'. It is regularly instructed on high-stakes, politically sensitive cases involving states or state entities; and the practice has a strong track record of representing Russian and CIS parties in high-profile arbitrations. It represented an industrial Turkish company, and three of its shareholders, in an arbitration that arose under the Energy Charter Treaty and the Turkey-Uzbekistan bilateral investment treaty.Baiju Vasaniis 'a very clear advocate'; Sylvia Tonova regularly represents investors and states in investor-state arbitrations; and Tatiana Minaeva is a key of counsel.

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London: Finance

Asset based lending
Asset based lending - ranked: tier 3

Jones Day

Jones Day has relatively high market visibility, particularly in relation to borrower side mandates. Andrew Rotenberg is 'very well-known in the market' and is regularly involved in highly structured cross border mandates often involving an ABL component. As well as new money financings, Rotenberg is also often involved in ABL-related refinancings and restructurings.

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Bank lending: investment grade debt and syndicated loans
Bank lending: investment grade debt and syndicated loans - ranked: tier 6

Jones Day

Jones Day is well-equipped to handle deals implementing both European and US-style financings, for a fairly balanced roster of borrower and lender clients. Edwin Borrini regularly handles real estate finance matters and emerging markets transactions as part of his broad-ranging practice. Dual UK and US-qualified Andrew Rotenberg has expertise across a range of debt products including in relation to asset based lending which he regularly implements on behalf of corporates for general corporate lending, working capital or acquisition finance purposes. Paul Simcock joined  Vinson & Elkins RLLP in January 2018.

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Corporate restructuring and insolvency
Corporate restructuring and insolvency - ranked: tier 3

Jones Day

With considerable firepower out of London - both on the contentious and non-contentious front - and also able to leverage a strong international network, particularly out of the US, Jones Day has significant exposure to creditor and debtor side mandates, both in a formal insolvency setting, as well as in relation to restructuring and distressed M&A-related work and is is seen as a 'safe pair of hands on complex international engagements, particularly where there is a US or an offshore angle'. 'A standout lawyer in the restructuring space who has the gravitas and the technical capabilities and experience to operate on the largest and complex engagements', Ben Larkin has recently been involved in several high-profile domestic matters in the retail and casual dining space including his representation of the liquidators of BHS and of Byron Burger on its proposed CVA. The 'very personable and highly technical' David Harding has a particular focus on distressed investment work and has been chiefly responsible for the office's growing capability in this area, bringing in and nurturing several new fund clients including AlbaCore Capital, Lone Star Funds and Aurelius Investments. Kay Morley is also noted for her expertise on behalf of fund clients investing in distressed opportunities, while the 'commercial and practical' Sion Richards is recommended for contentious insolvency matters.

Leading individuals

Ben Larkin - Jones Day

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Debt capital markets
Debt capital markets - ranked: tier 4

Jones Day

Jones Day has a 'user-friendly' capital markets practice that handles investment grade debt, equity-linked deals and emerging markets issuance. Drew Salvest is the key partner and he has extensive experience in London-based US and international capital markets transactions, with a particular focus on securitisations and other complex structured offerings. He regularly advises banks and large corporates including independent commodity trading house Trafigura, for which he handled the Rule 144A/Regulation S issuance of three series of notes secured on trade receivables originated by Trafigura. For the same client, he advised on the initial issuance and a subsequent tap on a series of Perpetual Resettable Step Up Subordinated Securities listed on the Singapore Stock Exchange, and he also acted as international counsel on the issuance of a RMB2.35bn bond. This was one of the first non-sovereign foreign offerings of renminbi-denominated Panda bonds. Also recommended is Giles Elliott, who co-leads the banking, finance and securities practice and is also head of the London corporate group.

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High yield
High yield - ranked: tier 3

Jones Day

Jones Day¬†has a young and growing high yield practice that is generating a greater volume of work by attracting repeat issuers as clients.¬†Giles Elliott¬†is the London co-head of the global banking, finance and securities group, which¬†acts for issuers, investment banks and investors in high yield transactions.¬†Jonathan Bloom¬†is the key transactional partner and he focuses on high yield¬†debt offerings and fund-related transactions. Among the practice's new clients is Greek telecommunications company Wind Hellas; Bloom acted for its subsidiary Crystal Almond in a ‚ā¨95m offering of secured notes. Bloom also acted for Wind Hellas Telecommunications on the company's high yield financing structure to incorporate a revolving credit facility. He is also assisting GoldenTree Asset Management on several high yield debt reviews. BC Partners and Canyon Partners are also among the firm's clients.

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Trade finance
Trade finance - ranked: tier 2

Jones Day

Jones Day's trade finance practice acts for numerous financial institutions including Standard Advisory London, ICBC Standard Bank and Macquarie Bank on pre-export, pre-payment, reserve based lending and commodity trading facilities, particularly in Africa and the CIS. It also advises leading trade houses and¬† major corporates such as Trafigura, Total and Puma Energy on revolving credit facilities and receivables financing across a broad range of commodities.¬†In 2017, the practice handled financings with a value in excess of $11bn, which included small bilateral deals and large-scale transactions involving large syndicates of lenders.¬†Edwin Borrini¬† is 'just a great, all-around financing lawyer with a wealth of experience and knowledge'.¬† He advised British Arab Commercial Bank as lender on a ‚ā¨50m PXF facility related to the export of coffee and cocoa from Ivory Coast.¬†Experienced US and international capital markets partner¬†Drew Salvest¬†also plays a key role in the practice. He assisted Trafigura with a $5.1bn financing from banks including Rabobank and ING Bank. Senior associate¬†Andrew Singh¬†is also recommended.

Leading individuals

Edwin Borrini - Jones Day

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London: Investment fund formation and management

Private funds
Private funds - ranked: tier 6

Jones Day

Jones Day is 'successfully developing a private funds practice, focusing on the lower mid-market'. John MacGarty is 'well-respected by his clients who appreciate his hands-on, confident style' - he advised True Capital on raising £120m for True Capital II and its co-investment vehicle. The firm also handles issues concerning the management of private equity houses, fund restructurings and secondaries transactions. Other clients include mainland European managers, among others.

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Real estate funds
Real estate funds - ranked: tier 2

Jones Day

'A very strong and hardworking funds and real estate team with an impressive and expanding client base', Jones Day has 'done well as one of the few growing US firms in London that has properly broken into the private real estate funds space alongside the British-headquartered incumbents.' John MacGarty ('nicely balances strong technical and commercial skills') worked with the firm's US offices on forming Orion Capital V. Anna Cartwright was involved in elements of Henderson Park Real Estate Fund I's formation. Vica Irani advised Sequoia Investment Management Company on UK elements of a Guernsey-domiciled infrastructure debt fund listed in London. Alistair Grant, who is 'calm, likeable and very experienced in complex real estate structuring', advised Henley Healthcare Investments on an assisted-living sector fund. Other clients include Meyer Bergman, which MacGarty advised on forming Meyer Bergman European Real Estate Partners III, and The Townsend Group, which it advises on investments into various funds. Neil Ferguson is also a name of note.

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London: Real estate

Commercial property
Commercial property: development - ranked: tier 2

Jones Day

Commercial property: hotels and leisure - ranked: tier 4

Jones Day

Commercial property: investment - ranked: tier 2

Jones Day

Commercial property: retail - ranked: tier 3

Jones Day

‚ÄėThorough, flexible and ultra-responsive‚Äô, Jones Day¬†provides ‚Äėgood all-around service‚Äô to a variety of investor clients including private equity funds and REITs, and has experience across a wide range of traditional and alternative real estate assets. A key contact for student accommodation work, David Smith¬†advised Greystar Real Estate Partners on two development site acquisitions at the former Royal Mail sorting office, and is also assisting the client with multiple student accommodation developments in London. Smith also advised Cortland Partners on the formation of a joint venture for the development of PRS properties. The team also has experience in modular construction deals. In the logistics sector, Alistair Grant¬†advised CBRE Global Investors on its ¬£1bn joint venture with Prologis for a logistics property acquisition, which involved corporate and property due diligence for 22 logistics assets and a number of English management companies. In the retail space, the department has advised investors on various strategic shopping centre disposals, which included Suzanne Davis¬†assisting DV4 with the sale of a 50% stake in a Wandsworth shopping centre to Invesco. Further, Stephen Walter¬†and of counsel Jaskie Chana¬†have handled property disposals and letting transactions for British Land Company. Also recommended are of counsel Kirsty Rogerson¬†and David Roberts, who is instructed by REITs including Hansteen Holdings and LondonMetric Property. Alex Millar¬†left for Travers Smith LLP¬†in 2018.

Leading individuals

David Roberts - Jones Day

Next generation lawyers

Kirsty Rogerson - Jones Day

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Environment
Environment - ranked: tier 4

Jones Day

Jones Day¬†is best known for its brownfield remediation work, but the team also advises real estate and corporate clients on environmental risk in complex and high-value transactions, as well as on renewable energy projects, in particular solar PV projects. Head of team Chris Papanicolaou¬†has a ‚Äėmastery of tricky points of detail, all tempered with a refreshing common sense'; he¬†specialises in the waste management, industrial, building products, automotive, and mineral sectors as well as on contaminated land transactions. The team recently advised International Automotive Components Group Limited on concluding a confidential, highly complex and sensitive industrial processes production line relocation agreement with HS2 and the Secretary of State for Transport. It is also advising Owens Corning on its ‚ā¨900m acquisition of Paroc Group, a leading producer of mineral wool insulation for building and technical applications in Europe. Richard Adams¬†‚Äėmarshals his material and deploys his argument to secure the best outcome for the client.‚Äô John Cowley¬†is recommended for contract law matters.

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Property finance
Property finance - ranked: tier 2

Jones Day

The ‚Äėflexible and agile‚Äô team at Jones Day¬†recently handled a number of big-ticket deals, including two of the largest transactions in the European residential market: it advised Goldman Sachs on the mezzanine financing of Blackstone‚Äôs ‚ā¨3.3bn acquisition of IVG‚Äôs German office portfolio, and on the mezzanine facilities in connection with Blackstone‚Äôs public to private acquisition of Finnish listed real estate company Sponda for ‚ā¨3.8bn. The firm represents several market-leading investment banks and private equity funds; new clients include Morgan Stanley, Bank of America Merrill Lynch and Blackstone Real Estate Debt Strategies. Andrew Barker, who provides ‚Äėsensible and considered advice‚Äô and ‚Äėhas a real ability to cut through issues and see the commercial rationale and compromise that can be reached‚Äô, leads the team, which also includes the ‚Äėbright, commercial‚Äô Emily Stew¬†¬†and associates Jeremy Philpott, Luke Johnson, James Dibble¬†and Matt Trafford.

Leading individuals

Andrew Barker - Jones Day

Next generation lawyers

Emily Stew - Jones Day

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London: Risk advisory

Regulatory investigations and corporate crime
Regulatory investigations and corporate crime - ranked: tier 3

Jones Day

Jones Day is adept at conducting internal investigations into fraud, anti-trust, securities improprieties, international trade and breaches of the FCPA, government contracts, healthcare and environmental crimes, and internal and regulatory investigations. Glyn Powell has experience of police, revenue authorities and SFO investigations. Powell jointly heads the team with Sion Richards, who acted in the UK’s first DPA. Adam Brown provides advice on FOREX investigations conducted by the FCA.

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London: TMT (technology, media and telecoms)

IT and telecoms
IT and telecoms - ranked: tier 3

Jones Day

Jones Day attracts praise for its 'good industry knowledge' of the IT and telecoms sectors. Highlighted as 'a good analytical lawyer with practical experience of large IT operators', Rhys Thomas acts on a range of international disputes. Jonathon Little is a key name to note for commercial issues and technology projects.

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Intellectual property
Intellectual property - ranked: tier 4

Jones Day

The intellectual property and technology team at Jones Day is recommended for its combination of 'strong technical expertise, practical advice' and 'very fast response times'. The team is particularly recognised for its life sciences patent litigation experience and defended Celgene Corporation's patents concerning its blockbuster anti-cancer drug, Revlimid in, against Accord Healthcare in three separate cases. Practice head Alastair McCulloch led a team which successfully represented BioMarin Pharmaceutical in a patent dispute against Sarepta Therapeutics, resulting in negotiation of a license and settlement agreement. Rebeca Swindells is another key name to note, particularly for contentious matters concerning copyright, trademarks, design, database rights and confidential information.

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Pharmaceuticals and biotechnology
Pharmaceuticals and biotechnology - ranked: tier 4

Jones Day

Patent litigation and M&A are the two main areas where Jones Day operates in this space. Patent litigator Alastair McCulloch is a key figure and 'has very deep experience', 'pays a lot of attention to detail', 'is strong on the technological aspects of his cases', and 'really works to understand his clients'. Also recommended is Leon Ferera, who regularly advises on life sciences transactions.

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Further information on Jones Day

Please choose from this list to view details of what we say about Jones Day in other jurisdictions.

United Arab Emirates

Offices in Dubai

Australia

Offices in Sydney, Perth, Brisbane, and Melbourne

Belgium

Offices in Brussels

China

Offices in Shanghai and Beijing

Germany

Offices in Frankfurt, Munich, and Dusseldorf

Spain

Offices in Madrid

France

Offices in Paris

Hong Kong

Offices in Hong Kong

Indonesia

Latin America: International firms

India

Italy

Offices in Milan

Japan

Offices in Tokyo

Mexico

Offices in Mexico City

Netherlands

Offices in Amsterdam

Philippines

Singapore

Offices in Singapore

Saudi Arabia

Offices in Riyadh, Al-Khobar, and Jeddah

Taiwan

Offices in Taipei

United States

Offices in San Francisco, Houston, Washington DC, Pittsburgh, New York, Irvine, Dallas, Columbus, Cleveland, Chicago, Atlanta, Los Angeles, San Diego, Palo Alto, Boston, Miami, Minneapolis, and Detroit

London

Offices in London

Legal Developments by:
Jones Day

  • 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.‚Ä©
    - Jones Day

Legal Developments in the UK

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