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Paul, Weiss, Rifkind, Wharton & Garrison LLP

1285 AVENUE OF THE AMERICAS, NEW YORK, NY 10019-6064, USA
Tel:
Work +1 212 373 3000
Fax:
Fax +1 212 757 3990
Email:
Web:
www.paulweiss.com
Beijing, Hong Kong, London, New York, Tokyo, Toronto and 2 more

John C. Kennedy

Tel:
Work 212-373-3025
Email:
Paul, Weiss, Rifkind, Wharton & Garrison LLP

Work Department

Corporate, Capital Markets & Securities, Corporate Governance, Private Equity Transactions

Position

Click here for attorney bio

Education

J.D., Harvard Law School, 1988 cum laude; A.B., Cornell University, 1985 cum laude


United States: Finance

Capital markets: debt

Within: Capital markets: debt

Paul, Weiss, Rifkind, Wharton & Garrison LLP’s New York-based capital markets practice is underpinned by some well-established private equity relationships. In particular, Apollo is a marquee client and Apollo Management Holdings LP turned to the firm to advise on its recent $300m notes offering — group co-lead Gregory Ezring, corporate deputy chair Monica Thurmond and Catherine Goodall led that work. The team also enjoys a strong niche in Canada-related matters where Andrew Foley, who splits his time between New York and Toronto, advised TELUS on its recent $750m debt offering. Among the team's underwriter-side highlights, Christopher Cummings, who also works out of New York and Toronto, advised the underwriters on three securities offerings by TransCanada totaling $5.1bn. John Kennedy co-leads a group that has also recently undertaken work for Mitsubishi UFJ Financial Group, Ralph Lauren and Apollo-owned retailer, Aurum Group.

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Capital markets: equity offerings

Within: Leading lawyers

John Kennedy - Paul, Weiss, Rifkind, Wharton & Garrison LLP

Within: Capital markets: equity offerings

Dedicated, talented and thorough’, Paul, Weiss, Rifkind, Wharton & Garrison LLP is praised for its ability to ‘seamlessly and efficiently execute deals’ and also to ‘deliver tailored and timely advice on complex issues’. The practice, which is commended as ‘doing a great job for issuers’, routinely advises private equity sponsors and public companies on equity offerings, with notable expertise in the TMT, leisure, apparel and energy arenas. Among its recent headline deals, Tracey Zaccone (‘a great talent and a joy to work with’) advised ADT on its $1.4bn IPO. Group co-head John Kennedy, who is ‘an exceptional securities attorney with a mastery over the entire landscape’, advised Taylor Morrison Home on three common stock offerings totaling over $1bn. Other key contacts in the New York-based group include department co-lead Gregory Ezring, who ‘advocates for his clients, while seeking to get deals done’, and deputy corporate chair Monica Thurmond.

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Capital markets: high-yield debt offerings

Within: Capital markets: high-yield debt offerings

Paul, Weiss, Rifkind, Wharton & Garrison LLP’s ‘supportive, practical and flexible group’ is noted for its ability to ‘maintain a level of partnership that goes beyond a client-provider transactional relationship’. The New York-based practice group, which is hailed by sources as ‘really strong for issuers’, enjoys close links with major private equity firms, such as Apollo, and their portfolio companies. Among its recent highlights, finance co-head Gregory Ezring (‘a very strong capital markets specialist’) acted alongside Catherine Goodall to advise EP Energy, in which Apollo is a significant shareholder, on its $1bn offering of senior notes. Ezring also paired up with Christopher Cummings, who splits his time between New York and Toronto, to advise Stars Group on its $1bn high-yield debt offering to finance its $4.7bn acquisition of Sky Betting & Gaming from CVC Capital Partners and Sky. John Kennedy, ‘a talented and dedicated’ contact, and David Huntington, ‘a very commercial’ lawyer, are other key names in a group, which has also recently undertaken work for Hunt Companies, CDK Global and Garrett Motion.

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Legal Developments worldwide

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  • Communiqué on Equity Crowdfunding Is Officially Published

    By way of background, in January 2019, the Capital Markets Board (“ CMB ”) had issued an announcement on its website on the Draft Communiqué on Equity Crowdfunding [1] . The CMB has now officially published the Communiqué on Crowdfunding No. III-35/A (“ Communiqué ”), on October 3, 2019. The Communiqué entered into force as of October 3, 2019.
  • Beneficial Ownership Concept new interpretation from the Russian federal tax service

    The recent interpretative letter issued by the Russian Federal Tax Services (“FTS”) on 08th August 2019, has provided further guidance as to the application of the Beneficial Ownership Concept, further to the letter initially provided on the 12th of April 2018 which adopted a strict approach of the concept. 
  • Cyprus and Netherlands Double Tax Treaty Update

    Cyprus has concluded the negotiations for the avoidance of double taxation with the Netherlands. The double tax treaty was agreed at technocratic level in Hague. It is expected to be signed by the end of 2019 or early in 2020.
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    The Senior Corporate Lawyer, who will be reporting to Partners, will be working with both the firm’s legal team as well as the financial services team. The successful candidate will be requested to show initiative, take on certain responsibilities within the firm, work in a multinational environment and will immediately be given the opportunity to further advance their career within the law firm.
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    The judgment of the Court of Justice of the European Union (CJEU) on February 26, 2019, in the “Danish Beneficial Ownership Cases”, can be perceived as a landmark on the interpretation of the Beneficial Ownership concept under the Interest and Royalties Directive (IRD) and the Parent-Subsidiary Directive (PSD).
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    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. 
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    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 “Regulations”). It further found that it is not to be applied when Judges assess  Surinder Singh  cases that appear before them.
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    The Immigration Rules require that an applicant for a  sole representative visa  is not “a  majority shareholder in the overseas business”.