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Clifford Chance

31 WEST 52ND STREET, NEW YORK, NY 10019-6131, USA
Tel:
Work +1 212 878 8000
Fax:
Fax +1 212 878 8375
Email:
Web:
https://www.cliffordchance.com

Philip Wagman

Tel:
Work +1 212 878 8133
Email:
Clifford Chance

Work Department

Tax

Position

Philip Wagman advises clients on a range of domestic and international tax matters, including mergers and acquisitions, restructurings, joint ventures and leveraged buyouts, as well as structured finance and securitization transactions, equipment leasing, securities offerings and other financing transactions.

Education

Yale Law School (JD), 1994; Yale University (BA), 1991


United States: Tax

Financial products

Within: Financial products

Clifford Chance’s practice is noted for its expertise in structuring CLO and CDO products. The lawyers are also experienced in derivatives, funds, insurance and bonds-related tax advice. Recent highlights include the firm’s work for Fannie Mae, where a team led from Washington DC advised on a potential new structure for its benchmark Connecticut Avenue Securities (CAS) credit risk transfer program, which should help expand the investor base for CAS securities due to existing tax constraints that exist for REITs and foreign investors. The firm also advised Petroperu, as issuer, on US tax matters linked to its $2bn inaugural international bond offering, one of the largest Latin American bond offerings in recent years. New York-based Richard Catalano leads the highly rated team, which also includes Philip Wagman, Avrohom Gelber, David Moldenhauer (‘an oracle of expertise’) and Michael Seaton. In June 2018, Will Cejudo moved to Dechert LLP.

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International tax

Within: International tax

Clifford Chance is ‘among the very best’, according to one client, and is noted for advising clients on a wide range of international financial and business transactions, including those relating to investment funds, private equity funds, employee co-investment and management equity arrangements, corporate acquisitions and restructurings, real estate, joint ventures and various forms of financing. David Moldenhauer, who has ‘excellent all-round knowledge’, and Avrohom Gelber assisted Mubadala Development Company and Public Investment Fund with their respective $15bn and $45bn investments in SoftBank Vision Fund’s $100bn technology-focused investment fund. Richard Catalano advised Empire State Realty Trust on a $622m investment through which Qatar Investment Authority acquired a 9.9% interest in the REIT on a fully diluted basis. Philip Wagman is another name to note. All attorneys mentioned are based in New York.

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US taxes: non-contentious

Within: US taxes: non-contentious

The ‘very good’ tax team at Clifford Chanceprovides a one-stop shop for clients’, especially when it comes to REIT, private equity, private investment fund and M&A matters. Richard Catalano represented Colony NorthStar in the $327m sale of its mortgage business Colony American Finance to Fortress Investment, while Mike Seaton advised Enstar Group on the formation of and capital raising for reinsurance company KaylaRe. ‘Very calmDavid Moldenhauer, who has ‘excellent all-round knowledge’, assisted Swiss company TBG with the acquisition of Telvent DTN from Schneider Electric for $900m. Philip Wagman acted for titanium dioxide producer Cristal during the sale of its TiO2 business to Tronox for $1.7bn and 24% equity interest. All mentioned lawyers are based in New York.

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