Ernst & Young LLP > London, England > Firm Profile

Ernst & Young LLP
1 More London Place
London
SE1 2AF
England

Corporate and commercial > International business reorganisations Tier 1

Ernst & Young LLP fields an international business reorganisations team that handles the full spectrum of reorganisation mandates including intra-group reorganisations, integrations, carve-outs, operating model changes, entity rationalisations, pre- and post-deal restructurings and business transformations. The practice is split across four categories: legal entity rationalisations, core structuring work, governance issues and transformations, and deal structuring mandates. Craig Stevenson heads up the department and leverages his previous experience in various Asian markets to handle global matters. Associate partners Sarah Holmes and James Menzies also contribute to the practice, along with associate partner Terence Devane, who recently advised Honeywell on its global reorganisation. At director level, Anisa Hanif is active in deal structuring, governance and transformation work.

Practice head(s):

Craig Stevenson

Testimonials

‘The strength of the team was its range of talent. The project was unique and the team brought skills in different areas. They had a strong appreciation of the brief and the need to work with the direct client and with all stakeholders. They were skilled in all relevant areas and operated in a consulting style that worked well.’

‘Strong technical knowledge, very available teams, good interface with other firms.’

‘Worked well with various functions internally, gave advice to fit our situation beyond just the legal function.’

‘At an individual level, experts from EY are always well-qualified for the task because of the size of the firm. EY have the manpower and their consultants always made themselves available to the client when a subject comes-up. Even in the early stage of the pandemic, EY’s staff were not disorganised and were able to anticipate all the problems and dealt with them accordingly.’

‘I think the standout aspects were diversity and commitment to the project. The team showed great commitment to deadlines and great patience. They were creative in finding solutions and in managing the diverse interests and demands. They displayed a calm approach and overall friendliness. They lacked arrogance and pomposity – really good to work with.’

Key clients

Business Banking Resolution Service

Envision Energy

Honeywell

Mezqual

MSD (formerly known as Merck Sharp & Dohme)

Reckitt Benckiser

Thermo Fisher

Trainline plc

Ventient Energy Limited

Work highlights

  • Advised Reckitt Benckiser plc on the £12bn merger of its Spanish and UK holding companies for its health business, implemented by way of one of the last cross-border mergers in the UK under the European cross-border merger regime.
  • Advised on the establishment of the new independent dispute resolution vehicle funded by seven international banks, Business Banking Resolution Service, including handling the design and implementation of the operational and legal functions of BBRS.
  • Advised Trainline plc on a post-IPO group reorganisation which was being undertaken to rationalise intra-group debt and prepare surplus entities for liquidation.

Projects, energy and natural resources > Power (including electricity, nuclear and renewables) Tier 2

Ernst & Young LLP has rapidly put together a sizeable energy services team with a series of hires from DLA Piper, including Charles Morrison, who now leads the group, along with transactions specialist Simon Collier and project finance expert Dimitri Papaefstratiou. Other lawyers to have moved over from DLA include directors Harry Brunt - who advises sponsors and lenders on energy projects - and Joseph Lam, who has a track record of work for Asian clients. In August 2021 the firm also secured the hire of a four-partner Eversheds Sutherland (International) LLP team including global head of clean energy and sustainability Michelle T Davies. The combined group has vast expertise across emerging markets, advising on multi-sourced financing projects and complex transactional mandates.

Practice head(s):

Charles Morrison

Testimonials

‘Michelle Davies has exceptional industry knowledge and relationships.’

Dispute resolution > Tax litigation and investigations Tier 3

Ernst & Young LLP's tax disputes practice consists of solicitors and forensic accountants, allowing the firm to offer in-depth expertise. The team advises clients on disputes that involve VAT, landfill tax, income and corporation tax and EU disputes. Seasoned litigator Boaz Goren heads up the direct tax litigation practice. Mitchell Moss leads the indirect tax disputes team and has extensive experience of advising clients on dispute resolution in relation to VAT and other indirect taxes. Clients describe the team as 'practical, pragmatic and great to work with'.

Practice head(s):

Boaz Goren; Mitchell Moss

Other key lawyers:

Julian Balson; Richard Doran

Testimonials

Real time access to tax technical partners keeps tax litigation on track.’

EY has a tough, skilled team, which can navigate a litigant through the technicalities of tax and the skirmishing, which occurs too often these days in relation to procedure in a tax appeal.’

Boaz Goren combines experience with novelty in his approach to the issues which arise in tax litigation, coupled with the will to fight.’

Excellent team, good commercial and technical knowledge. Practical, pragmatic and great to work with.’

Key clients

Alasdair Locke

Biffa Waste Services Limited

Dolphin Drilling Limited

Work highlights

  • Represented Mr Alasdair Locke at the High Court and Court of Appeal on a challenge to follower notices and accelerated payment notices (FNs and APNs) issued by HMRC, brought by way of an application for judicial review.
  • Advised Biffa Waste Services Limited at the FTT, UT and Court of Appeal on a dispute in relation to the landfill tax treatment of a certain material.
  • Advised Dolphin Drilling Limited at the FTT in relation to its dispute with HMRC regarding the application of Part 8ZA of Corporation Tax Act 2010 (CTA 2010) to a particular offshore oil drilling support asset.

Projects, energy and natural resources > Oil and gas Tier 4

Ernst & Young LLP’s energy practice was established in 2020 when the firm recruited ‘superb lawyer’ Charles MorrisonSimon Collier, Joseph LamHarry Brunt and Dimitri Papaefstratiou from DLA Piper. The group has vast expertise across the full spectrum of oil and gas matters. It handles big-ticket restructuring projects for leading names in the industry, as well as high-value financing deals across Europe. Energy litigation work is led by Boaz Goren. The team has further bolstered its offering with the hire of Alex Cunningham from Herbert Smith Freehills LLP.

Practice head(s):

Charles Morrison

Testimonials

The team is highly professional and very efficient in delivering solid legal advice. For EY this is a relatively new line of business but they have hired some of the best people I have worked with over the past 20 years.’

The newly hired lawyers have strong specialty in this field. Their legal services are valuable, practical and provided in a timely manner.

Knowledge, Commitment and persistence in meeting targets.’

Professionalism, experience and ability to successfully deliver a project. Special reference to Mr. Charles Morrison and Simon Collier for their performance.

They are have a wealth of industry experience from leading complex projects and not afraid or too proud to ask their SMEs for advice and confirmation. They are flexible and adaptable to the clients’ requirements and organised and thorough in the delivery of optimum solutions.’

Simon Collier’s experience with cross-border transactions and insight have been outstanding. His commercial acumen bridges the legal documentation to transaction expectations and he can identify the key requirements with speed. A sharp mind with an eloquent manner.

Key clients

Botswana Oil Limited

Union Fenosa Gas, S.A

Natural Gas Company of Cyprus, (DEFA)

Mytilineos S.A (Metka)

PNK Orlen

Victoria Oil & Gas plc

R. Stahl Norge AS

Dolphin Drilling Limited

Work highlights

  • Advised Union Fenosa Gas, SA and SEGAS on all aspects of the restructuring and resumption of operations of the $3bn Damietta LNG Plant in Egypt.
  • Advising PKN Orlen and Grupa Lotos on the restructuring of the Polish energy market in a matter worth in excess of €1bn.
  • Advising the Government of Cyprus (through the Natural Gas Public Company of Cyprus) in relation to the procurement, development and financing of an LNG import terminal at Vasilikos, Cyprus.

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Our  purpose is to build a better working world, which is why we seek to enhance the value legal services and  law departments bring to organisations and people in everything we do. With 3,400 professionals in over 90 jurisdictions, we provide legal advisory and managed services to organisations across the globe. We also provide consulting services to General Counsel, helping them to lead transformation, and harness the power of their teams, technology and innovation. We bring the best of EY to our clients. Our holistic, multi-disciplinary approach, data-led insights and deep sector and subject matter expertise set us apart.

DepartmentNameEmailTelephone
Partner, Head of Law Philip Goodstonepgoodstone@uk.ey.com
Associate Director, Law, Pursuits Leader Jim Ellisjim.ellis@uk.ey.com
Partner, Law, Energy Jean-Pascal Boutinjean-pascal.d.boutin@uk.ey.com
Partner, Law, Energy Rob McNabbrob.mcnabb@uk.ey.com
Partner, Law, Energy Michelle Daviesmichelle.davies1@uk.ey.com