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Burges Salmon LLP

Living Wage
ONE GLASS WHARF, BRISTOL, BS2 0ZX, ENGLAND
Tel:
Work 0117 939 2000
Fax:
Fax 0117 902 4400
DX:
7829 BRISTOL
Email:
Web:
www.burges-salmon.com
Bristol, Edinburgh, London

Tom Dunn

Tel:
Work 0117 902 7796
Email:
Burges Salmon LLP

Work Department

Corporate.

Position

Specialist in investment funds and financial services regulatory work and head of the retail funds and financial regulation team at Burges Salmon.  Advises in particular on the structuring, establishment, operation and winding up of UK regulated funds such as OEICs and AUTs.  Has advised on a wide range of high value and innovative matters in this field including specialist funds such as FAIFs and ACSs. 

Career

Trained Bevan Brittan; qualified 2007; Denton Wilde Sapte 2007-2010; joined Burges Salmon 2010; partner 2014.

Member

Law Society.

Education

Attended Nottingham University (Politics), University of the West of England (PGDip and LPC). 

Leisure

Squash, football, golf and running.


London: Corporate and commercial

Financial services: non-contentious/regulatory

Within: Financial services: non-contentious/regulatory

The broad practice of Burges Salmon LLP covers fund and asset management work as well as providing experience in the pensions, insurance and fintech spaces. The non-contentious side is led by innovative transactional specialist Tom Dunn and Kari McCormick, who also leads a contentious offering that has particular expertise in investigations arising from conduct issues. The firm is known as trusted adviser to the Financial Services Compensation Scheme Limited. Sarah Kenshall joined in 2018 from Axiom and is a director in the fintech group.

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London: Investment fund formation and management

Retail funds

Within: Retail funds

Burges Salmon LLP has a standout offering on authorised investment funds, where it provides full-service support to fund managers and distributors. It has a sizeable share of work in the Authorised Corporate Director market and distinguishes itself with Authorised Contractual Schemes and Funds of Alternative Funds. Although the firm is known for its work in the UK market, it also has access to a wider international network of preferred law firms, and is well-placed to serve international clients targeting other key funds jurisdictions. The firm also has a strong profile advising pension fund clients on their investments into open-ended funds; it acts for more than 750 trustee and employer clients in the public and private sectors. In addition to delivering core retail fund and pension fund expertise, the practice is rounded out by the firm's ability to provide additional support in areas such as tax, employment and data protection. Tom Dunn is the head of the retail funds team.

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London: Public sector

Local government

Within: Local government

The Bristol-based team at Burges Salmon LLP offers an impressive array of skills to a national client base spanning corporate, procurement and infrastructure matters and has notable expertise in local authority pensions matters and the provision of children's services. Gary Soloman has a focus on regeneration and compulsory purchase work; John Houlden's work includes procurement, state aid and European funding matters and Tom Dunn  and Gareth Malna advise on funding and investment funds. Marcus Harling is the lead advisor to Greater London Authority and Transport for London.

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Legal Developments by:
Burges Salmon LLP

  • Restoring environmental damage: putting a price on ecosystem services

    On 7 August 2009 a 40-inch pipeline ruptured, spilling 5,400 cubic metres of crude oil into the soil and groundwater of La Crau nature reserve in southern France, a habitat protected under French and European law. The operator had to excavate and replace 60,000 tons of soil, install 70 wells to pump and treat groundwater and 25 pumps to skim oil from surface water, at a cost in the region of ‚ā¨50m. However, this was just the primary remediation (that is, restoring the site to the state it would have been if the damage had not occurred). The operator was also required to compensate for the damage to the habitats and the loss of the ecosystem services that would otherwise have been provided by La Crau nature reserve. Measures included purchasing land outside of the nature reserve and contributing to its management for a period of 30 years (over ‚ā¨1m), monitoring the water table for 20 years (over ‚ā¨500,000), monitoring fauna over three years (‚ā¨150,000) and rehabilitation in accordance with best available ecological techniques (nearly ‚ā¨2m). Overall, the compensatory restoration (to compensate for the amount of time that the ecosystem was impacted) and complimentary restoration (to compensate for elements of the ecosystem that had been permanently lost) came to more than ‚ā¨6.5m. ‚Ä©
    - Burges Salmon LLP

Legal Developments worldwide

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • DO FIDIC RULE APPLY IN CONSTRUCTION CONTRACTS IN UAE?

    Since a very long time, FIDIC (The International Federation of Consulting Engineers) is commonly used a standard for international construction and engineering contracts and is very frequently used in UAE. It mainly governs the construction works within the country and in GCC. 
  • Communiqu√© on Equity Crowdfunding Is Officially Published

    By way of background, in January 2019, the Capital Markets Board (‚Äú CMB ‚ÄĚ) had issued an announcement on its website on the Draft Communiqu√© on Equity Crowdfunding [1] . The CMB has now officially published the Communiqu√© on Crowdfunding No. III-35/A (‚Äú Communiqu√© ‚ÄĚ), on October 3, 2019. The Communiqu√© 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 (‚ÄúFTS‚ÄĚ) 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.
  • Vacancy - Senior Corporate Lawyer

    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.
  • CJEU RULED ON THE APPLICATION OF THE BENEFICIAL OWNERSHIP CONCEPT

    The judgment of the Court of Justice of the European Union (CJEU) on February 26, 2019, in the ‚ÄúDanish Beneficial Ownership Cases‚ÄĚ, 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).
  • 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.
  • ITALIAN RULES ON JOINT VENTURES IN PUBLIC PROCUREMENT AND CONCESSIONS

    Italian rules on jointventures concerning public procurement and concession contracts are set out inlight of the European legal framework provided for in Directive 2014/23/EU and 2014/24/EU of the European Parliament and of the Council. The European rules aim to ensurethe best use of public money so that EU citizens benefit from strategicinvestments and services at fair prices. In this context, public procurementand concessions represent key instruments that need to be regulated and standardisedin order to ensure free movement of goods, freedom of establishment and freedomto provide services.
  • 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.