Mercer & Hole (London, England) are delighted to have been able to assist a financially distressed charity client of Clarkslegal (Reading, England - TAGLaw). The charity employed almost 400 staff to care for over 300 vulnerable people in over 40 residential settings on behalf of various local government authorities. Michael Sippitt of Clarkslegal and Chris Laughton, who leads our London Restructuring and Insolvency team, worked together on a strategy using direct communication and PR to have the local authorities recognize their risks and obligations. An accelerated M&A process led to a successful sale within three weeks with absolutely no disruption to the vulnerable people and their carers, and avoided a painful, disruptive and costly collapse."
—Paul Maberly; Mercer & Hole (London, England)
"TIAG gives us a strong position in the international market and mainly in Ecuador through our local firm. In 2013, we have had the opportunity to obtain multiple clients, highlighting an important LPG distributor in Ecuador, which allows us to get involved in the oil market and its derivatives."
—Henry Escalante Ramirez, EsRoBross Cia Ltda (Ecuador)
"We received a call from Old Mill Accountants (Somerset, England) in the UK. One of their clients, a UK citizen, was working and residing in the U.S. during 2013 and was now going to have some last minute income from UK sources. If he was a U.S. tax resident he would not only be taxed in the U.S. but also in the U.S. state that he was residing in. We gathered more information and determined that based on the "days test", if he left the U.S. for the rest of the year (not a long period), he would save a substantial amount of taxes.
After a conference call with Old Mill, their client, and his attorneys, we worked out the best strategy. This all needed to be done very quickly - and it was. He left the U.S. within 2 days."
—Robert Reitman; Cornick, Garber & Sandler, LLP (New York, New York, USA)
Aska & Co (Japan) pitched and won a large listed Japanese company as a client, with requirements for audit in not only Japan but also other countries including China. LehmanBrown prepared a proposal to carry out the quarterly reviews and annual audits of eight factories in China and also a trading company in Hong Kong. LehmanBrown carried out initial site visits with the client and client management team of Aska & Co to become familiar with the client and to confirm the audit process and procedures. This initial investment in time has paid off significantly....
The client has been a mutual client for four years now.
—Russell Brown; Lehman Brown (Beijing & Shanghai, China)
"We have worked with a certain TAGLaw member a number of times over the years and as a result have developed a good working relationship with them. This proved to be beneficial in early 2013 when both companies worked on a deal with a mutual client, Enovate Systems Limited, a leading technology company providing subsea well control equipment. Such excellent cooperation between the two teams brought successful results and the deal ended when Aker Solutions acquired a majority stake in Enovate for £75 million and can now help take the business to the next level. Deals like these really highlight the benefit of the TAGLaw and TIAG alliances."
—Neil Dinnes, Anderson Anderson & Brown LLP (Scotland)