The Legal 500

Twitter Logo Youtube Circle Icon LinkedIn Icon

Paul Hastings LLP

TEN BISHOPS SQUARE, EIGHTH FLOOR, LONDON, E1 6EG, ENGLAND
Tel:
Work 020 3023 5100
Fax:
Fax 020 3023 5109
Email:
Web:
www.paulhastings.com
Atlanta, Beijing, Brussels, Chicago, Costa Mesa, Frankfurt and 16 more

London: Corporate and commercial

Corporate tax
Corporate tax - ranked: tier 5

Paul Hastings LLP

Arun Birla leads Paul Hastings LLP's London corporate tax offering, which is instructed on major deals, often with international aspects. The group also excels in standalone advisory work for clients such as financial institutions ad private funds - as well as advising on  matters involving collateralized loan obligations and the real estate sector.

Practice head(s):Arun Birla

Other key lawyers:Jiten Tank

Testimonials

'They feel like an extension of their client's team, and always make the effort to make them feel like they are a priority'

'What makes them special is their deep understanding of the commercial issues and empathy with the client'

'Jiten Tank is user friendly, understands the commercial impact and provides helpful advice'

Key Clients

Societe Generale

Activum

Starwood Capital

Intermediate Capital Group

Apollo Asset Management

Abry Partners II, LLC

Mayfair Capital

 

Work highlights

  • Advising Octopus Healthcare in relation to the structuring and tax aspects of the conversion of the closed-ended MedicX I Health fund into a perpetual life fund targeting over £1bn of commitments
  • Representing Starwood Capital in its disposal of 12 full-service hotels forming part of the Principal Hotel Company to FdM, for a purchase price in excess of $1bn
  • Advising Monaco Telecom on its acquisition of the entire issued share capital of MTN Cyprus for net sale proceeds of €260m
Rising stars

Jiten Tank - Paul Hastings LLP

[back to top]

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

Paul Hastings LLP

The 'quite brilliant' Paul Hastings LLP covers a range of work in the financial services sector from funds and securitisation to payments, fintech and cryptocurrency. In addition, the firm has notable expertise in financial crime work and money laundering cases. Contentious and non-contentious practice head Arun Srivastava is 'incredibly intelligent and extraordinarily commercial.' He arrived from Baker McKenzie in 2018 and focuses on assisting regulated firms comply with evolving regulation, particularly in relation to innovation in the fintech space.

Practice head(s):Arun Srivastava

Testimonials

'Extremely commercial in their approach, and always deliver good advice on time and on budget'

'Arun Srivastava is one of a kind and has one of the best financial services regulatory minds I have ever seen'

'Arun Srivastava is a market leader in the FS regulatory space. He has excellent knowledge of investment services, payment services and other financial services regulatory issues, and is extremely adapt at client management'

[back to top]

M&A: upper mid-market and premium deals, £500m+
M&A: upper mid-market and premium deals, £500m+ - ranked: tier 5

Paul Hastings LLP

Paul Hastings LLP has significantly ramped up its City M&A and private equity team over recent months. High profile additions include the hires of private equity specialist Anu Balasubramanian from DLA Piper, experienced energy and infrastructure partner Steven Bryan from Hogan Lovells International LLP and the 'excellent' M&A heavyweight Roger Barron from Linklaters LLP. More recently it added PE partner Ed Harris from Hogan Lovells, as well as Leanne Moezi who has joined as a partner. The team covers a broad range of sectors, with a leaning towards private M&A, with sector specialisms including real estate, technology, life sciences and telecoms. In addition to working with colleagues in the US the London M&A team works closely with the firm's private equity practice advising funds on M&A transactions and divestments.

Other key lawyers:Roger Barron; Garrett Hayes; Steven Bryan

Testimonials

'Roger Barron is a very strong hire - a really excellent lawyer'

'The firm is really becoming a stronger presence in the market'

Key Clients

Monaco Telecom

NJJ Telecom Europe

Saba Software

SICP Investments

Abry Partners II, LLC

Teleperformance SE

Madison Energy

Work highlights

  • Advised Monaco Telecom on its €260m acquisition of the entire issued share capital of MTN Cyprus from MTN.
  • Represented a consortium led by NJJ Telecom Europe on the acquisition of a majority of eir, the Irish telecommunications and broadband business.
  • Represented Teleperformance SE on the client's acquisition of Intelenet, a global provider of business outsourcing services, from Blackstone for $1bn.
  • Acted for Madison Energy  on the acquisition of the entire issued share capital of the Centek Group,
  • Advised Saba Software, a portfolio company of Vector Capital, in its acquisition of Lumesse.
Leading individuals

Roger Barron - Paul Hastings LLP

Steven Bryan - Paul Hastings LLP

[back to top]

Private equity: transactions ‚Äď mid-tier ‚Äď up to ¬£250m
Private equity: transactions ‚Äď mid-tier ‚Äď up to ¬£250m - ranked: tier 3

Paul Hastings LLP

Paul Hastings LLP is rapidly building up a strong private equity offering in London, driven by the recent eye-catching hires of highly rated DLA Piper partner Anu Balasubramanian - who is now vice chair of the firm's global private equity practice - former Hogan Lovells International LLP  London private equity head Ed Harris and ex-Linklaters LLP corporate heavyweight Roger Barron. The team focuses on advising clients in sectors including real estate, utilities, energy, fintech and payments, software, industrial engineering, biotech, life sciences and telecoms. Other key partners in the team include Garrett Hayes.

Practice head(s):Anu Balasubramanian

Other key lawyers:Ed Harris; Roger Barron; Garrett Hayes

Key Clients

Abry Partners

Link Mobility Group AS

Oakley Capital

North Technology Group

Vector Capital

Saba Software

SICP Investments

Goldman Sachs

Citigroup

Barclays

Bank of America Merrill Lynch

Nomura

HSBC

Credit Suisse

Rabobank

ING

Deutsche Bank

Work highlights

  • Represented Abry Partners on its €357m cash offer to acquire all shares in Norwegian public company LINK Mobility Group.
  • Advised Saba Software, a portfolio company of Vector Capital, in its acquisition of talent management solutions provider Lumesse.
  • Represented Goldman Sachs and Citigroup as arrangers in respect of the financing for the recommended £1bn public-to-private acquisition by Advent International of Laird.
  • Representing Abry Partners on its €350m disposal of Basefarm Holding to the Orange Group.
Leading individuals

Anu Balasubramanian - Paul Hastings LLP

[back to top]

London: Dispute resolution

Commercial litigation
Commercial litigation - ranked: tier 8

Paul Hastings LLP

Paul Hastings LLP's Simon Airey specialises in global investigations, financial and regulatory crime, bribery and corruption, money laundering, tax and fraud inquiries, and data breaches.  Fellow investigations partner Morgan Miller splits his time between Washington DC and London.

Other key lawyers:Simon Airey

[back to top]

London: Finance

Acquisition finance
Acquisition finance - ranked: tier 5

Paul Hastings LLP

Under the guidance of the 'highly skilled' Luke McDougall, Paul Hastings LLP's four-partner team is gaining increased traction and recognition among many prominent investment banks, which are appreciative of its 'versatility and high quality advice across all relevant English and New York law products in the European leveraged finance market'. Able to 'operate across the large and mid-cap space, and between investment bank and private credit clients', the team provides a cohesive service to lenders which is conversant across the capital structure, and traversing both bank and bond financings.

Practice head(s):Luke McDougall; Peter Schwartz

Other key lawyers:Richard Kitchen

Testimonials

'Highly dedicated and flexible lawyers with particular strength in structuring cross-border financing transactions.'

'The team is very commercially aware and able to provide valuable advice and respond quickly to changing situations.'

'Luke McDougall is absolutely superb.'

Key Clients

Goldman Sachs

Bank of America Merrill Lynch

Morgan Stanley

HSBC

Barclays

RBC

Credit Suisse

Citibank

Boparan Group

Blackrock

TPG Specialty Lending

Abry Partners

NJJ

Oakley Capital

Barings

Albacore

MV Credit

Work highlights

  • Representing Goldman Sachs and Citigroup as arrangers in respect of the financing for the recommended public-to-private acquisition by Advent International of Laird plc for approximately £1bn.
  • Acting for Morgan Stanley as sole arranger in relation to a re-pricing and upsize of an €855m English law Term Loan B financing for Rubix (formed from the combination of IPH and Brammer).
  • Acting for seven banks, providing English law certain funds financing commitments in respect of €1.3bn of facilities for Bain Capital’s bid for Dutch software business Unit4.
  • Provided the financing advice to a consortium led by NJJ Telecom Europe on the acquisition of a majority of Eir, the Irish telecommunications and broadband business.
  • Representing Abry Partners in the debt financing and M&A process in connection with its recommended voluntary cash offer to acquire the Norwegian public company, LINK Mobility, one of Europe’s leading mobile communication providers.
Leading individuals

Luke McDougall - Paul Hastings LLP

[back to top]

Corporate restructuring & insolvency
Corporate restructuring & insolvency - ranked: tier 4

Paul Hastings LLP

Paul Hastings LLP's restructuring team continues the upward trajectory it has been on since the arrival of the 'vastly experienced and creative' David Ereira from Linklaters LLP at the beginning of 2016. The arrival of the 'very well-respected' David Manson at the end of 2017 from White & Case LLP is the latest notable partner level addition to the team and underscores the firm's expanding capabilities in the area, which have substantially diversified from its roots in relation to niche real estate-related structured finance mandates. The scope of the work now includes mandates from debtors and creditors throughout the capital structure, and includes domestic and cross-border formal insolvency mandates, as well as matters involving a more transactional approach. Praised for his 'excellent strategic vision', Ereira recently gained significant market acknowledgement for his high-profile work on behalf of leading clothing retailer, New Look, on the CVA of all of its occupational leases.

Practice head(s):David Ereira; David Manson

Testimonials

'The team provides a commercial and solutions-oriented approach.'

'David Ereira is a very experienced and seasoned lawyer.'

'David Ereira is very calm and is always able to evaluate the situation with a tactical perspective.'

'David Manson provides critical thinking and technical expertise.'

 

Key Clients

New Look

Government of Jamaica

General Healthcare Group

Reliance Communications

Norske Skogindustrier, ad hoc group of bondholders

Sequa Petroleum

Abraaj

Bullitt Group

CMC di Ravenna

EA Partners

Work highlights

  • Advising the leading clothing retailer New Look and its owner – the listed South African group Brait SE – on the CVA of all of its occupational leases.
  • Advising the founder and principal of Abraaj in constructing and implementing a global settlement in the insolvencies of Abraaj Holdings and Abraaj Investment Management Limited.
  • Acting for Link Asset Services as the servicer in the securitisation of the financing of the General Healthcare Group property portfolio.
  • Advising an ad hoc group of bondholders to Norwegian pulp and paper company Norske Skogindustrier on the finalisation of its restructuring discussions with the company and creditor stakeholders.
  • Advising Reliance Communications, a leading Indian and global telecommunications company, on its restructuring of a total of some $7bn of financial indebtedness.
Leading individuals

David Ereira - Paul Hastings LLP

[back to top]

High yield
High yield - ranked: tier 2

Paul Hastings LLP

'The team has a firm grasp of finance and the markets which makes overlaying the legal structuring on deals a much less painful process, and it is also very straight forward to interact with', says a client of Paul Hastings LLP. Another notes that the firm is 'technically very strong but, more importantly, very commercial'. The practice led by Peter Schwartz handles complex cross-border deals for major investment banks and issuers, as well as private credit funds, throughout the EMEA region. An example of the large mandates it handled in 2018 was the work it did on exchange offers and consent solicitations by Altice subsidiaries related to more than $5.5bn of notes in connection with the combination by Altice of its Suddenlink and Optimum businesses under a single credit silo, in which it acted for Goldman Sachs and Credit Suisse.

Practice head(s):Peter Schwartz

Other key lawyers:Edward Holmes

Testimonials

"The Paul Hastings high yield team is creative and highly engaged. It is a 'go-to' team for high yield transactions that involve unusual jurisdiction or are otherwise challenging."

"The team demonstrates a strong ability to craft solutions that keep difficult transactions on track."

"Peter Schwartz is a strong advocate who stays on top of every transaction detail. He is always available and can call on his extensive experience to find solutions to almost any issue."

Edward Holmes is creative and calm under pressure. He provides solid, common sense advice and practical solutions, and has an excellent understanding of both EMEA and US high yield practices.

Carlos Ruiz is attentive and knowledgeable, and does a great job keeping clients informed and in-the-loop.

The Paul Hastings team is experienced in the Capital Markets business. Due to their different jurisdictions, they are very flexible in international transactions. Their team in different jurisdictions work closely together, which makes them able to provide great advice. They are closely involved and interested in transactions from the beginning to the end. They actively think and act in the needs of their clients.

We have been doing a lot of business with Edward Holmes (London office) and Etienne Mathey (Paris office). They were very helpful and experienced. They did a great job with assisting us in several transactions and are very capable in thinking out of the box. In addition, they were very involved in our transactions and tried to assist in all kinds of ways, including providing us with information they obtained from the markets. They are highly appreciated advisors.

Great team with extensive experience, involvement very easy to approach, pragmatic, always ready to rock!

Edward Holmes - flexible, proactive and responsive. Communicates very well and is very much on top of things.

Ed Holmes, a recent partner in the practise, is a very practical and commercial individual whose work is high quality. He finds workable and pragmatic solutions to issues as they arise and is willing to give his opinion on likelihood to occurrence etc. rather than stating black and white legal facts. He makes himself very available to clients and is straightforward to deal with.

Peter Schwartz. Good bond expertise. Negotiating strength

Key Clients

Starwood West

Goldman Sachs

Bank of America Merrill Lynch

New Look Retailers Limited

Credit Suisse

Barclays

Royal Bank of Canada

Boparan Holdings Limited

JP Morgan

Morgan Stanley

TD Securities

BNP Paribas

Eircom

Reliance Communications Limited

Gulf Keystone

Global Cloud Exchange

Standard Chartered Bank

Standard Bank

Brait SE

Toronto Dominion

Work highlights

  • Advising Credit Suisse and Goldman Sachs as joint dealer managers and solicitation agents in connection with the exchange offers and consent solicitations by Altice subsidiaries related to over $5.5bn of notes in connection with the combination by Altice of its Suddenlink (Cequel) and Optimum (Cablevision) businesses under a single credit silo.
  • Advising the initial purchasers in connection with the $1.05bn high yield bond issuance by Cequel Communications Holdings I, LLC and Cequel Capital Corporation, the holdco issuers of one of Altice’s credit silos.
  • Advising Starwood West Limited as Issuer in connection with the offering of $264m offering of 5.7% Bonds listed on the Tel Aviv Stock Exchange.
  • Acting for Goldman Sachs and GIC as sole purchasers and investors in relation to the private placement of €750m floating rate PIK notes issued by an Italian payment institution and portfolio company of top tier sponsors.
  • Advising New Look on the consent solicitation to highly modify the negative covenants of its Senior Notes and Senior Secured Notes.
Leading individuals

Peter Schwartz - Paul Hastings LLP

Next Generation Partners

Edward Holmes - Paul Hastings LLP

[back to top]

Structured products and securitisation
Structured products and securitisation - ranked: tier 2

Paul Hastings LLP

Clients praise the 'depth of experience and commerciality' at Paul Hastings LLP. The firm has a long-standing reputation as a leader in the CMBS market, but in recent years it has broadened its focus considerably to include RMBS and CLO transactions, as well as credit fund and risk retention mandates. Its capital markets practice acts for private and public corporations, investors, funds, and investment banks in structured finance, securitisation and derivatives matters. Its recent flagship transactions include advising Kensington Mortgage Company on the purchase of a large pool of residential mortgage loan assets from legacy Lehman transactions involving the voluntary redemption of eight RMBS deals. In the CLO market, the firm has quickly become a prominent player globally, with the London team central to that progression. The firm also operates a dedicated Italian structured finance team from London. Conor Downey and Michael Smith are standout securitisation partners. Cameron Saylor specialises in structured finance, securitisation and credit funds, with a focus on CLOs. Diala Minott's practice encompasses CDOs and CLOs, including bespoke hybrid mid-market CLO-type funds.

Other key lawyers:Charles Roberts; Conor Downey; Paul Severs; Cameron Saylor; Miles Flynn; Diala Minott; Michael Smith; Lorenza Talpo

Testimonials

"Excellent lawyers - innovative and inventive when it comes to solving problems, thoroughly commercial and acutely aware of market standards. They are also deeply dedicated to their clients and to delivering excellent service in all circumstances. Michael Smith, Cameron Saylor, and their team of very qualified associates stand out."

"Paul Severs gives us the benefit of his advice with the benefit of knowing which matters are most important to us. He is responsive and honest and we are always happy to rely on him to be our point of contact into the rest of his firm. When we have had to raise queries or issues, he has been the person who has resolved them."

"Very commercial, pragmatic, hardworking and knowledgeable. Always takes the initiative to try to resolve matters without having to be instructed."

"The team is always available to take on instructions on complex matters at short notice and is willing to give 100%."

"Our experience working with them has been excellent. The firm has a strong practice on the manager-side as well as the arranger side, which gives them the ability to look at issues from both angles and propose solutions which work for all parties."

"Cameron Saylor is very approachable and patient. He has good knowledge of the market and is able to take the time to explain the concepts and rationale behind various deal features and guide us to the right outcome."

"Their sheer expertise in the sector and everything affecting the sector is impressive. They have experts in all relevant fields and can cover every angle. They are constantly working on cutting-edge matters, which exposes them to new matters and issues. They make a brilliant team."

"Diala Minott is always available, commercial and client-friendly. She always seeks to be innovative and goes the extra mile to understand clients' needs and look for solutions. She is extremely proactive and is  always thinking one step ahead."

"Miles Flynn has an encyclopaedic knowledge of CMBS in Europe and the various structures used. He is also a magnificent deal manager. No detail escapes him and he is always on the look out for potential problems so that they can be solved early and not create last minute crises."

Key Clients

Kensington Mortgage Company

Merrill Lynch International

Barclays Bank PLC

Mizuho Bank

Citi

Goldman Sachs

Morgan Stanley

Wells Fargo

Oak Hill Advisors

Situs International

Och Ziff

ICG

Alcentra

ESF Capital Limited

PGIM Limited

Partners Group (UK) Management Ltd

Angelo Gordon

Leading individuals

Cameron Saylor - Paul Hastings LLP

Conor Downey - Paul Hastings LLP

Michael Smith - Paul Hastings LLP

[back to top]

London: Investment fund formation and management

Private funds
Private funds - ranked: tier 5

Paul Hastings LLP

With 'a straightforward and responsive manner' and 'high levels of integrity', Paul Hastings LLP's private funds offering is jointly led by Diana Minott, Christian Parker, Katherine Rainwood and Duncan Woollard. Private fund instructions fall within the scope of the firm's private equity practice group. Besides working across private equity, real estate, infrastructure and credit funds, the team further boasts a niche expertise in fund financing matters. In particular, the group is highly experienced in structuring leveraged financing for direct lending funds. One complex highlight saw Minott and Rainwood advise on the establishment of Pemberton European Mid-Market Debt Fund II, which involved parallel vehicles and multiple tax feeder structures. Practitioners are 'friendly and knowledgeable'.

Practice head(s):Diana Minott; Christian Parker; Katherine Rainwood; Duncan Woollard

Testimonials

'The Paul Hastings team is proactive, understands our business and is always ready to find solutions. This results in a partnership in which both the client and the law firm benefit'.

'Duncan Woollard is outstanding for innovative thinking'

'The team provides timely and high-quality advice, is very approachable and willing to help with whatever is needed to ensure a deal reaches a successful conclusion'.

'Duncan Woollard is experienced, easy to deal with and gives clear and useful answers to tricky questions'.

'Christian Parker is knowledgeable and solution focused'

Key Clients

CVC Credit Partners

Rothschild & Co

JP Morgan Asset Management

Wells Fargo Asset Management

Oak Hill Advisors

PGIM

Alcentra

Work highlights

  • Advised JP Morgan Asset Management on a $1bn fund for significant Far Eastern investment into US commercial mortgage loans. The fund was the first of its kind for JPMAM.
  • Advised on the establishment of Pemberton European Mid-Market Debt Fund II which closed at £2.5 billion in March 2019 and doubled the size of Fund I.
  • Advised on the establishment of Pemberton European Strategic Credit Opportunities Fund which closed at £1bn.
  • Advised the client on a global 'risk retention fund' – a fund structured to provide capital to Alcentra in London and New York.
  • Advising CVC Credit Partners and its Luxembourg securitisation vehicle in relation to the establishment of a follow-on C share offering by CVC Credit Partners European Opportunities Limited.
Leading individuals

Duncan Woollard - Paul Hastings LLP

Next Generation Partners

Diala Minott - Paul Hastings LLP

[back to top]

Real estate funds
Real estate funds - ranked: tier 3

Paul Hastings LLP

Paul Hastings LLP's broad investment funds practice advises across a wide range of funds including credit funds, real estate funds and private equity funds, as well as handling fund financing matters. The team, which includes partners Duncan Woollard, who joined from King & Wood Mallesons in 2015, and former Ashurst partner Diala Minott, advises both funds and investors through the full life-cycle of a fund. It works with many well known fund managers and has advised on a number of particularly high-profile matters.

Other key lawyers:Duncan Woollard; Diala Minott; Katherine Rainwood

Testimonials

'The team is clearly highly experienced in the sector and able to provide both legal and some insight into practical and commercial considerations arising from possible choices. One of the most challenging aspects from a client perspective with little relevant experience was trying to establish a useful sense of the appropriate options available from what could be a baffling universe of choices. This was perhaps a challenge to all parties to begin with, but the advice and patient approach we believe has produced a good result.'

Key Clients

LaSalle Real Estate Finance III/IV LP

Farringdon LP

Bradda Capital

LaSalle Real Estate Debt Strategies III

SCSp

Baumont Real Estate

Work highlights

  • Acted for LaSalle Investment Management in the creation of the £1bn Farringdon LP structure, established to acquire the iconic Goldman Sachs HQ in London with funding from East Asian capital.  
  • Represented Bradda Capital in respect of the launch of its new real estate fund management business and the launch of its open-ended real estate fund.
  • Acted for Baumont Real Estate as sponsor investor and part owner of the Baumont business on the establishment of the first fund by this asset manager.  

[back to top]

London: Real estate

Commercial property: hotels and leisure
Commercial property: hotels and leisure - ranked: tier 2

Paul Hastings LLP

Paul Hastings LLP‚Äôs ‚Äėextremely knowledgeable‚Äô London team is led by¬†Michael James, a ‚Äėgo-to adviser for all property-related matters‚Äô with expertise in structured acquisitions and disposals, joint ventures, finance matters and fund investments. He also possesses specialist knowledge of the hotels sector with his team recently acting on high-value portfolio acquisitions and disposals, international management agreements and development projects. The team is also recommended for investment-related acquisitions and disposals, including those with a cross-border element.

Practice head(s):Michael James

Testimonials

'The Paul Hastings team consistently delivers'.

'Michael James is a go-to adviser on all property related matters.'

'Stephen Nicolas is a rising star.'

'Michael James is an exceptional partner who goes above and beyond on every deal. His commercial judgement is excellent and his commitment and hard work are second to none.'

'They pick up on points that other lawyers miss'.

Key Clients

Starwood Capital

LRC

Benson Elliot

Walton Street

Goldman Sachs

TPG

Work highlights

  • Represented Starwood Capital on its disposal of 12 full-service hotels forming part of the Principal Hotel Company to FdM, for a purchase price in excess of $1.1bn.
  • Represented LRC UK Ltd (LRC) in the acquisition of nine Mercure branded hotels across the UK with a headline purchase price of £118m.
Leading individuals

Michael James - Paul Hastings LLP

[back to top]

Commercial property: investment
Commercial property: investment - ranked: tier 2

Paul Hastings LLP

Paul Hastings LLP‚Äôs ‚Äėextremely knowledgeable‚Äô London team is led by¬†Michael James, a ‚Äėgo-to adviser for all property-related matters‚Äô with expertise in structured acquisitions and disposals, joint ventures, finance matters and fund investments. He also possesses specialist knowledge of the hotels sector with his team recently acting on high-value portfolio acquisitions and disposals, international management agreements and development projects. The team is also recommended for investment-related acquisitions and disposals, including those with a cross-border element.

Practice head(s):Michael James

Testimonials

'The Paul Hastings team consistently delivers'.

'Michael James is a go-to adviser on all property related matters.'

'Stephen Nicolas is a rising star.'

'Michael James is an exceptional partner who goes above and beyond on every deal. His commercial judgement is excellent and his commitment and hard work are second to none.'

'They pick up on points that other lawyers miss'.

Key Clients

Starwood Capital

Starwood Capital/M7 Real Estate

LRC

GAC Group

Goldman Sachs

Work highlights

  • Represented Starwood Capital on its disposal of 12 full-service hotels forming part of the Principal Hotel Company to FdM for a purchase price in excess of $1bn.
  • Advised a joint venture of Starwood Capital and M7 as lead counsel on the corporate disposal of a portfolio of 49 logistics properties in the Netherlands and Germany to Blackstone.
  • Represented LRC UK Ltd on the acquisition of nine Mercure branded hotels across the UK with a headline purchase price of £118m.
  • Represented LRC on the acquisition of five Hilton/DoubleTree branded hotels across the UK with a headline purchase price of £260m.
  • Represented LRC in the acquisition of a further nine UK based hotels, each managed by Accor.
Leading individuals

Michael James - Paul Hastings LLP

[back to top]

Property finance
Property finance - ranked: tier 3

Paul Hastings LLP

Paul Hastings LLP's practice specialises in debt origination, complex structured joint ventures and funds, and CMBS. It also regularly handles cross-border transactions and sharia-compliant financings. The team counts lenders, borrowers and sponsors among its clients, including many major funds and financial institutions. Justin Jowitt leads the team; his areas of expertise include senior and mezzanine investment and development facilities, and loan sales and distribution. Jennie Dorsaint, who has extensive experience in cross-border financing and restructuring transactions, and Miles Flynn are also recommended.

Practice head(s):Justin Jowitt

Other key lawyers:Jennie Dorsaint; Miles Flynn

Testimonials

'Paul Hastings has a small, knowledgeable team which offers tons of access to partners. They are dedicated to finishing things on time and coming up with creative solutions.'

'Miles Flynn is everything you could want in a partner: intelligent, hardworking, tenacious when he needs to be, and incredibly commercial, both on deals and as a client relationship person.'

'Paul Hastings has a good team, which is commercially focused and has a good working relationship with the other legal teams that act on the banking side.'

'Jennie Dorsaint is very willing and happy to co-ordinate the other teams (such as property and tax) on more complex financings and restructurings.  She is measured and focused on getting the result.'

'The team at Paul Hastings is always well resourced, knowledgeable, practical and solutions oriented. It's a pleasure to work with them.'

'Justin Jowitt is possibly my favourite legal adviser. He's commercial, practical and also a good laugh. He gets the work done efficiently and is highly accessible.'

'The team provides a very good service. It is always on top of things and available. It's a small team but it punches above its weight.'

'Justin Jowitt is very accessible as a partner; he is very hands-on, provides very commercial advice and sees the bigger picture.'

'The team provides detailed and succinct commercial advice.'

'The practice is our go-to choice for complex financing advice.'

Key Clients

Starwood European Finance Partners Limited

Bank of America Merrill Lynch International Designated Activity Company

Investec Bank Plc

Aareal Bank AG

JP Morgan

Morgan Stanley

AIG

Deutsche Bank

Evans Randal

Och-Ziff

Link Mortgage Servicing (formerly Capita Mortgage Servicing)

Situs

Freehold Corporation

DRC Capital

Oaktree Capital

Fairfield Real Estate Finance

Work highlights

  • Advising Link Asset Services (London) Limited as servicer to the senior loans held by, amongst others, two securitisation issuers (Theatre (Hospitals) No. 1 plc and Theatre (Hospitals) No. 2 plc) with respect to the second major restructuring of the debt secured by 35 hospitals tenanted by BMI Healthcare.
  • Advising a controlled affiliate of Starwood as borrower on a refinancing and restructuring of assets, and advising a Starwood controlled affiliate as borrower in the acquisition financing of a portfolio of 131 Irish residential assets.
  • Advising Aareal Bank AG as lender, agent and arranger on the financing of Valesco and AIP’s purchase of Cannon Bridge House, London.
  • Advising Starwood European Finance Partners Limited as arranger and lender on the acquisition and redevelopment of luxury seafront resort Ikos Andalusia.
  • Advising BAML as arranger and original lender in respect of a financing for M7 Real Estate Limited’s dedicated French fund in its acquisition of a number of separate portfolios of commercial real estate properties, and as original lender in relation to a loan-on-loan financing for a pan-European investment adviser.
Leading individuals

Justin Jowitt - Paul Hastings LLP

[back to top]

London: Risk advisory

Data protection, privacy and cybersecurity
Data protection, privacy and cybersecurity - ranked: tier 3

Paul Hastings LLP

Paul Hastings LLP’s EMEA privacy and cybersecurity practice is led by Sarah Pearce following her recruitment from Cooley (UK) LLP in 2018; Pearce’s expertise encompasses privacy impact assessments, risk management, international data transfers and privacy notices. The practice is particularly active in the financial services sector; American Express is a key client and Pearce recently advised it on the data protection issues related to certain additional payment services it is looking to offer. The group also regularly handles international compliance issues with a notable focus on GDPR mandates, and works alongside the firm’s global litigation team to manage international investigations and disputes.

Practice head(s):Sarah Pearce

Testimonials

'Led by Sarah Pearce, the team is thoroughly knowledgeable, practical and easy to deal with. Clients are in the hands of experts.'

'The privacy and cybersecurity practice of Paul Hastings has proven itself to be driven and efficient. It has a genuine understanding of the client's core business along with a sense of commercial awareness.'

'Sarah Pearce is the stand-out partner - she is a true professional and excellent in all respects. Clients cannot praise her highly enough.'

'Sarah Pearce offers outstanding judgment and reasoning along with excellent project management abilities. She is not intimated by the challenges or complex tasks at hand. Her leadership is evidenced with the work product of every member of her team at Paul Hastings, who are also positive and friendly.'

Key Clients

American Express

Work highlights

  • Acting for American Express on all its data privacy matters including large-scale projects.

[back to top]

Regulatory investigations and corporate crime
Regulatory investigations and corporate crime - ranked: tier 4

Paul Hastings LLP

Paul Hastings LLP advises corporates and individuals on multi-jurisdictional investigations, litigation, compliance and enforcement matters. Areas of expertise include Foreign Corrupt Practices Act matters, anti-corruption, global trade controls, privacy and data security issues as well as securities enforcement, and white-collar matters. The firm's client base includes companies in the gambling, transport, automotive, IT and financial services sectors. Simon Airey , who joined from DLA Piper in 2017, heads the team and has experience advising clients on regulatory, criminal and civil litigation, as well as global investigations into financial and regulatory crime.

Practice head(s):Simon Airey

Other key lawyers:Morgan Miller; Joshua Domb

Testimonials

‘Simon Airey is outstanding’.     

‘Simon Airey is brilliant; disarming, strategically astute and dogged in defence of his clients’.

‘Paul Hastings is one of the few firms that really do specialise in the largest corporate fraud and crime cases’.

‘They stand out in that they are able to offer seamless advice in both civil and criminal aspects of cases’.              

‘Joshua Domb has an inexhaustible supply of energy and an understanding of the case strategy far in excess of most at his level’.

[back to top]


Further information on Paul Hastings LLP

Please choose from this list to view details of what we say about Paul Hastings LLP in other jurisdictions.

China

Offices in Shanghai and Beijing

Germany

Offices in Frankfurt

France

Offices in Paris

Hong Kong

Offices in Hong Kong

Italy

Offices in Milan

Japan

Offices in Tokyo

London

Offices in London

Philippines

South Korea

Offices in Seoul

United States

Offices in San Diego, Washington DC, New York, Costa Mesa, Atlanta, San Francisco, Los Angeles, Palo Alto, Chicago, Houston, and Los Angeles

Legal Developments in the UK

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • Court of Justice rules on source of income for Derivative Residence applications

    On 2 October 2019, the Court of Justice delivered its judgment in Bajratari v Secretary of State for the Home Department (Directive 2004/38/EC) Case C-93/18 which concerns Chen applications and the source of funds for self-sufficiency. 
  • End of the ‚Äėcentre of life test‚Äô in Surinder Singh cases?

    In the recent case of¬† ZA (Reg 9. EEA Regs; abuse of rights) Afghanistan ¬† [2019] UKUT 281 (IAC ), the Upper Tribunal found that there is no basis in EU law for the centre of life test, as set out in Regulation 9(3)(a) of the Immigration (European Economic Area) Regulations 2016 (the ‚ÄúRegulations‚ÄĚ). It further found that it is not to be applied when Judges assess ¬†Surinder Singh ¬†cases that appear before them.
  • Terms of employment as a sole representative

    In this article we examine the working arrangements of sole representatives, looking at the terms and conditions of employment that the Home Office will expect a sole representative to have in order to qualify as a representative of an overseas business.  
  • Can Sole Representatives Be Shareholders?

    The Immigration Rules require that an applicant for a¬† sole representative visa ¬†is not ‚Äúa¬† majority shareholder in the overseas business‚ÄĚ.
  • Immigration Skills Charge - A Guide for Employers

    As a Sponsor, you may be required to pay the Immigration Skills Charge (ISC) each time you sponsor a migrant in the  Tier 2 General  or  Intra-Company Transfer (ICT) Long-term Staff  subcategory.
  • 5 FAQS about paragraph 320(11)

    In applications for entry clearance where the applicant has a negative immigration history in the UK, the application may be refused under the general grounds for refusal, which are found in part 9 of the Immigration Rules. Where an applicant has ¬†‚Äėpreviously contrived in a significant way to frustrate the intentions of the Immigration Rules‚Äô,¬† the application could be refused under paragraph 320(11). In this post we look at five frequently asked questions about paragraph 320(11).¬†
  • Multiple nationality and multiple citizenship (including dual nationality and dual citizenship)

    British nationality law permits multiple nationality and multiple citizenship, including dual nationality and dual citizenship.
  • Applying for Indefinite Leave to Remain in the Exceptional Talent or Promise Category

    The  Exceptional Talent  and Exceptional Promise categories are for individuals who are recognised leaders or emerging leaders in their field of expertise. There are a number of endorsing bodies for lots of different fields of work, including  artists and musicians ,  architects ,  digital experts ,  scientists  and  academics . While there isn’t an endorsing body for every expert, the growing list means that many individuals could enjoy the flexibility that this category has to offer. 
  • PARALLEL PROCEEDINGS ‚Äď CIVIL AND CRIMINAL

    Syedur Rahmanconsiders the factors that determine when civil proceedings can go ahead before,or at the same time as, criminal proceedings relating to the same circumstances.
  • Rights of appeal after the Immigration Act 2014

    The Immigration Act 2014 (‚Äúthe 2014 Act‚ÄĚ) reduced the circumstances in which the refusal of an immigration application will give rise to a right of appeal.¬†The¬† explanatory notes ¬†to the 2014 Act state that the Act was intended to restructure rights of appeal to the Immigration Tribunal. Previously, a right of appeal to the Immigration Tribunal existed against any of the 14 different immigration decisions listed in s.82 of the¬† Nationality, Immigration and Asylum Act 2002 ¬†(‚Äúthe 2002 Act‚ÄĚ). As explained below, whether or not the refusal of an immigration application currently generates a right of appeal depends on the subject matter of the application rather than its categorisation.