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Simmons & Simmons

CITYPOINT, ONE ROPEMAKER STREET, LONDON, EC2Y 9SS, ENGLAND
Tel:
Work +44 20 7628 2020
Fax:
Fax +44 20 7628 2070
DX:
12 LONDON CHANCERY
Email:
Web:
www.simmons-simmons.com

Danny Tsang

Tel:
Work 020 7825 4153
Email:
Simmons & Simmons

Position

Danny specialises in pensions law and has 20 years experience in advising on all aspects of pensions and benefits matters. His clients include employers, trustees and insolvency practitioners. His practice focuses on advising clients in relation to pension strategy and includes the restructuring of pension schemes such as scheme mergers and changes to benefit structures and de-risking solutions. He also advises on the pensions aspects of corporate transactions liaising with the Pensions Regulator, whenever necessary, as well as assisting the pensions dispute resolution team on pension dispute matters.

Career

Previously partner of a major international law firm; partner in the employment, pensions and incentives team Simmons & Simmons 2013; member of the Association of Pension Lawyers, currently secretary of its international sub-committee; member of The International Pension and Employee Benefits Lawyers Association and regularly participates at its conferences; contributes to articles and legal bulletins.


London: Human resources

Pensions

Within: Pensions

Simmons & Simmons has 'truly exceptional expertise across pensions law' and 'a talented team' led by the 'knowledgeable and wise' Danny Tsang, who handles pensions scheme restructurings and mergers for corporate clients. Tsang's recent work includes advising XL Catlin Services on the pensions aspects of the international merger between XL and Catlin. Clients also single out James Dean, who provides 'sound advice and has good client awareness' and the 'brilliant' Michael Wyman; Wyman assisted Zurich UK Pension Scheme with the appointment of a new investment manager, acted for the trustees of the SmithKline Beecham pension plan in member disputes and investment matters, and advised the Gallaher Group on the proposed closure of its DB pension schemes to future accrual.

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Legal Developments by:
Simmons & Simmons

  • Failure to counter financial crime: Norwich Union Life

    In December 2007, the Financial Services Authority (FSA) imposed a fine of £1.26m on Norwich Union Life (part of the Aviva Group), one of the largest life insurance businesses in the UK with around seven million customers. The fine related to failures to take reasonable care to establish and maintain effective systems and controls for countering the risks of financial crime. The fine is the latest confirmation of the emphasis being placed on protecting clients and customers from the threat of financial crime.
    - Simmons & Simmons

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    What is a Single Shareholder and Director legal entity?
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    In recent years, the country ́s the government has been committed to improving Taxation in Nicaragua and attempting to follow the legislative model used by some of the other countries in the region. Starting January 1st, 2013, a new tax law (Law No. 822, Tax Concertation Law) came into force in and completely changed the taxation system in Nicaragua. Two years later a new law was issued by the National Assembly containing more than 80 amendments, additions and repeals (Law No 891) which came into force December 18th, 2014.