News

BD Newsflash: Wins and referrals

Editorial Team 16 Dec 2024

We are delighted to report on a number of exciting successes and referrals. These achievements not only highlight the exceptional outcomes we’ve achieved but also underscore the strength and synergy of our collaboration across the organisation. Here we share a snapshot of deal activity over the last three months. 

• The Taxand Global team has been supporting a new RFP for a Dutch Energy Fund Client, focussed on the Asian market. A team from eleven Taxand firms including Taxand Netherlands, Corrs Chambers Westgarth, Australia; Hendersen Taxand, China; DFDL, Vietnam and Thailand; Al Tamimi, United Arab Emirates; Economic Laws Practice, India; PB Taxand, Indonesia; Yulchon, South Korea; IQEQ, Mauritius; Withers KhattarWong, Singapore and Nagashima Ohno & Tsunematsu, Japan.

• Flick Gocke Schaumburg, Germany, has advised on the merger of two major German insurance groups, collaborating with eleven firms on the deal. The work involved an analysis of the international tax aspects and included LeitnerLeitner, Austria and Czech Republic; Arteo, Belgium; Bech Bruun, Denmark; Alvarez & Marsal, UK; Arsene, France; William Fry, Ireland; ALMA-LED, Italy; Crido, Poland; Garrigues, Spain and Skeppsbron Skatt, Sweden. For more information, contact Frieder Mörwald, Partner, Flick Gocke Schaumburg. 

• A fantastic team effort across six Taxand jurisdictions contributed to Joachim Herz Stiftung’s acquisition of a minority stake in Weidmüller Group, Taxand teams from, Leo Berwick, USA; Arsene, France, Garrigues, Spain; Alvarez & Marsal, UK, and Taxhouse, Romania supported Flick Gocke Schaumburg, Germany, on the Tax Due Diligence aspects of the deal. For more information, contact Matthias Full, Partner at Flick Gocke Schaumburg. 

• U.S. member Covington is working to support Flick Gocke Schaumburg, Germany, in its representation of a mutual client in the advertising industry in the United States. 

• Covington and Leo Berwick, U.S., are working together for an Italian company on a potential acquisition, in a matter referred by Maisto e Associati, Italy.  

• Covington, U.S., is working on a tax compliance project for a Spanish bank, referred by Garrigues, Spain. 

• Covington collaborated with Yulchon, South Korea, on a pitch for a project related to the advanced manufacturing investment credit, which on this occasion was not successful.  In addition, the team recently pitched a project related to EV tax credit compliance for another Yulchon client and is waiting to hear the outcome.  

• The team at Covington, U.S., has sent a mandate to Bordern Ladner Gervais, Canada, regarding employee benefits.  

• Several members of Taxand Global supported Covington in a pitch for additional work on APAs and MAP cases for a large U.S. technology company, where Covington is looking to expand its relationship and that of Taxand Global.
• Covington has proposed ENS Africa, South Africa, for two separate mandates from U.S.-based multinationals with respect to transactions in sub-Saharan Africa, and we are awaiting responses from the clients.

• Following meetings at the Taxand Global Conference in Malaga, Al Tamimi, United Arab Emirates, has been approached by the team at Kering to discuss tax issues and by Cosentino for a proposal (still pending formal engagement). 

• Demarest Advogados, Brazil, has a mandate with Adeo Group following the Taxand Global Conference.

• Demarest Advogados, Brazil, is leading regulatory and tax legal consulting work regarding the sale of insurance products in various LATAM jurisdictions. Other firms involved are Gómez-Pinzón, Colombia; Barros & Errázuriz Abogados, Chile; and Garrigues, Peru. The scope of the work is in progress and includes a consolidated legal opinion and a Q&A spreadsheet that addresses the client’s questions. 

Congratulations to everyone involved in these exciting collaborations! If you have examples of referrals and cross-border deals to share, please do contact Sophie Touzet, BD, Taxand Global Team, and we will be delighted to feature these in our BD Newsflash.