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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

Nick Cronkshaw

Tel:
Work 020 7825 4289
Email:
Simmons & Simmons

Work Department

Corporate tax.

Position

Nick is head of the international corporate tax group. He has a broad experience of corporate tax with a particular emphasis on transactional work including sales and purchases of companies, mergers, demergers, reconstructions, business sales and purchases, joint ventures, and VAT. Nick also advises on structured finance products, securitisations, business process outsourcing arrangements and real estate transactions. Nick is recognised as a specialist in the mergers and acquisitions field. Recent Work includes advising Renown Inc, a Tokyo Stock Exchange listed apparel company on its complex sale of the world famous Aquascutum brand, involving the simultaneous sale of the Aquascutum Asian IP portfolio to Hong Kong conglomerate YGM and sale of the shares to the owners of Jaeger, the retention of a long-term licence in Japan (the world’s largest market for Aquascutum products) and arrangements with the UK Government regarding pension liabilities; Cheung Kong Infrastructure Holdings Limited on the £211.7m acquisition of BG Group’s 50% stake in Seabank Power Limited; and advising DekaBank Group, the largest operator of open-ended property funds in Germany, in connection with the purchase of 14 Pier Walk, Greenwich Peninsula.

Career

Trained Simmons & Simmons; qualified 1992; partner 1998; written and contributed to various tax publications, including, the ‘PLC Tax Manual’, ‘PLC Share Purchases Manual’ and the tax sections of the book by WK Knight, ‘The Acquisition of Private Companies and Business Assets’ (7th edition) published by FT Law & Tax.

Member

Technical Committee of the Chartered Institute of Taxation (Corporate International, VAT and Property Sub-Committees).


London: Corporate and commercial

Corporate tax

Within: Leading individuals

Nick Cronkshaw - Simmons & Simmons

Within: Corporate tax

Simmons & Simmons' tax group handles transactional, advisory and contentious matters, as well as transfer pricing for a broad client base of equity investors, asset managers and financial institutions. The London and international tax groups are led by Darren Oswick, who is supported by M&A tax expert Nick Cronkshaw and Martin Shah, who leads the financial services tax practice.

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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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