4 Legal Considerations For Raising Capital

Starting a business can be challenging, especially in the real estate world. There are many things to consider, one of which is raising capital for your startup. Although you may be able to build a business with your own money, you’ll likely need some external funds at some point. This setup is especially true when forming a real estate syndication business.  

Essentially, real estate syndication refers to a partnership wherein the investors combine their financial resources to purchase properties for business. Under this business setup, a syndicator or a sponsor is tasked to acquire the property, make repairs, and manage it on behalf of the passive investor. However, raising the necessary capital for this kind of business isn’t easy, especially regarding the legal aspects. You may end up in potential legal trouble when you can’t follow the rules and regulations.  

Read on to learn the four legal considerations for raising capital for your business.  

  • Registration Exemption With The U.S. Securities And Exchange Commission (SEC) 

Raising capital for a real estate business is never easy. Even if private placements can be considered the best alternative for getting funding, there are still rules and regulations that should be followed to prevent investor misinformation, fraud, and other illegal activities. One of these regulations is registering the securities with the SEC of the United States.  

Thankfully, there are exemptions to the said requirement involving private offerings. This is where Regulation D enters the picture. It outlines specific rules and regulations allowing companies that sell securities not to register with the SEC. It aims to help businesses gain easy access to the capital market without paying the costs of an SEC registration.  

Under Registration D, two rules should be kept in mind when it comes to raising capital. These can include: 

  • Rule 506(B): It provides that businesses selling securities can raise any amount of capital from accredited investors, individuals, or entities dealing with securities unregistered by any financial authorities. Moreover, these businesses are prohibited from executing general solicitations or doing any advertising activities for their offerings.  
  • Rule 506(C): It allows businesses to promote private offerings to raise capital but prohibits them from obtaining funding from non-accredited investors.  

Indeed, there are Regulation D rules that should be kept in mind if businesses selling securities want to be exempted from the standard SEC registration. However, some SEC regulations may be rigid or harsh for companies. This is where the enactment of a new piece of legislation that defines the JOBS Act enters the picture. Its primary objective is to loosen the regulations imposed on startups and small businesses. As such, some changes it provides may include making crowdfunding much easier and exemptions available to a wider range of securities issuers. It also simplifies the disclosure and reporting documents required for companies generating less than USD$1 billion in revenue.  

  • Drafting Of A Private Placement Memorandum (PPM) 

Another legal consideration you need to take when raising capital for real estate businesses is drafting a PPM. It’s an essential document that should be filled out to raise funds for real estate. It’s also a document mandated by the SEC for real estate syndication businesses. Without a PPM, you can’t present investment opportunities to accredited and sophisticated investors.  

So, if you want to obtain external funding for your real estate business, make sure to draft a quality PPM.  

  • Avoiding Unregistered Finders  

It’s also essential to stay away from unregistered finders when raising capital for your business. Generally, using a finder classified by the SEC as an unregistered broker-dealer to find investors and sell securities on behalf of the business is prohibited under the securities laws. 

When you violate this condition, your investment offering may become invalid, your business may be required to refund the investors for the money they invested, and your company may incur civil and criminal liability.   

  • Working With Legal Professionals  

Raising capital for a real estate business can be a huge undertaking. Hence, working with legal professionals to avoid mistakes in obtaining funding is crucial. Because it requires compliance with some SEC rules and regulations, you need trustworthy legal professionals who can help you with the process. For example, the lawyer you hire should have valuable securities law experience to help guide you through the capital raising process without legal problems.  

Conclusion  

Indeed, raising capital for businesses in the real estate industry can be a challenging process. With all the rules and regulations involved, it can be easy to lose track and make mistakes. Thus, if you don’t want to get into any legal trouble, keep the information mentioned above in mind, and you’ll be able to obtain funds legally and seamlessly.  

Financial and Business Crime Investigations in Indonesia

Karimsyah Law Firms litigation team has worked together with Thomson Reuters Practical Law on an overview of financial crime and business crime in Indonesia.

Please see the links to the publication below:

KarimSyah Law Firm

KarimSyah Law Firm was established in 1997 as one of very few Indonesian firms with both transactional and contentious practices, and has quickly become recognized as one of Indonesia’s premier law firms, in particular with respect to international dispute resolution.

KarimSyah is universally recognized as Indonesia’s market leader in dispute resolution, financing, and resources. Areas of specialisation on the transactional side include oil and gas, energy and infrastructure matters, insurance, all manner of financing and restructuring, including Islamic financing and capital markets, information technology, land transactions, bankruptcy, joint ventures and other cross-border transactions and business structures, mergers and acquisition, and foreign and domestic investments. On the contentious side, the firm handles commercial litigation and both local and international arbitration and mediation, with unique specialisations in medical malpractice defense and aviation disaster settlements.

KarimSyah’s lawyers are qualified in both civil and common law, with long experience representing foreign companies doing business in Indonesia, and vice versa, and are well attuned to the cultural nuances necessary to make cross-border relationships succeed. Our lawyers use their legal skills and knowledge of Indonesian business practices to arrive at a customised legal solution for each client. Working as a team, both internally and together with external financial and other support-service organisations, KarimSyah can lead the client through all aspects of its transaction of business.

Gowling WLG Further Strengthens Presence in the Middle East

Gowling WLG is pleased to announce an expansion of its presence in the Middle East with the opening of a new office in Abu Dhabi.

The firm has more than 30 years of experience in the region, including an established office in Dubai since 2007. Launching an office in Abu Dhabi is a logical next move for the firm with Abu Dhabi clients already accounting for 30% of the firm’s revenue in the UAE.

David Fennell, Chief Executive of Gowling WLG (UK) LLP, said: “We have considerable experience and strength in the Middle East and establishing an office presence in Abu Dhabi is a natural step in order to bolster our services for our clients.”

Tim Casben, Head of Gowling WLG in the UAE, added: “Opening an office in Abu Dhabi is an important step for us and is driven by the significant increase in work that we have been winning in the city. Abu Dhabi represents a clear opportunity for Gowling WLG. The UAE is at the forefront of innovation and sustainable development and has ambitious plans for growth. Our key target sectors of tech, infrastructure and IP in the Middle East are perfectly aligned with the UAE’s ambitions for the future. The opening of our office in Abu Dhabi will enable us to be closer to a number of our core clients and we look forward to building our presence in the capital.”

Gowling WLG’s UAE team includes multilingual lawyers who combine international expertise with local knowledge and influence supporting clients across sector and practice areas including tech, intellectual property, energy and infrastructure and corporate and commercial.

In July, the firm was pleased to announce the arrival of Imran Mufti as a partner in its Projects Group in the UAE. Imran is leading the firm’s Saudi Arabia practice and will be responsible for its relationship with Al Ghazzawi & Partners, Gowling WLG’s strategic partner firm in Saudi Arabia.

A Brief Guide To Digital Asset Protection

Digital assets come in many forms. They can be documents or any other type of file that has financial value. Cryptocurrencies, like Bitcoin, Ethereum, and Litecoin, are digital assets. With its anonymity and high return, more and more individuals and businesses are now putting a significant percentage of their wealth into it.

However, cryptocurrencies are also prone to risks. In countries that treat crypto as property, cryptocurrency holders must report all of their crypto transactions, and gains are taxable. So, anonymity is not guaranteed. If a business or a crypto holder is involved in litigation, the court may order them to disclose their digital assets. That’s why crypto asset protection plays a significant role, so creditors and other claimants cannot go after your digital assets.

Read on to learn how you can protect your digital assets.

Protecting Your Crypto Assets From Creditors And Other Claimants

If you’re holding many digital assets, you need to take extra care to protect them from creditors and other claimants. One way to do this is to create a trust.

What Is A Trust?

A trust is a legal arrangement where a trustee holds and manages property or assets for the benefit of a third party. The settlor is the person who creates the trust and transfers the estate to the trustee. The beneficiary, on the other hand, is the person who will receive the benefits from the trust.

The advantage of setting up a trust is that it can help you protect your assets from creditors, lawsuits, and other claims. If the settlor is sued, the court cannot go after the assets in the trust since the trustee legally owns it.

Another benefit of setting up a trust is that it can help you minimize taxes. Taxing digital assets doesn’t only exist in the United States. Other countries like Thailand have also implemented taxes on cryptocurrencies. So, regardless of where you live, setting up a trust to minimize or even avoid paying taxes on your digital wealth is crucial.

The settlor can put conditions on how the assets can be used and when the beneficiaries can receive them. This can help you minimize estate taxes since the assets in the trust are not included in your estate.

Different Types Of Trusts

Asset protection trusts have different types that you can set up to safeguard your digital wealth.

  • Domestic Asset Protection Trust (DAPT)

A domestic asset protection trust or DAPT is a trust created under the law of your home country where the settlor can be the beneficiary as well. Some find DAPT a more convenient option because you don’t have to deal with the regulations of another country. Creating a DAPT for your crypto assets will not only safeguard your digital wealth from creditors but also from a soon-to-be ex-spouse and other potential claimants.

  • Foreign Asset Protection Trust Or Offshore Trust

A foreign asset protection trust is a trust created in a jurisdiction other than your home country. People who want more privacy and protection of their assets from their home country’s laws use offshore trusts. The laws of the foreign country where the trust is created will govern the trust. If a claimant from your home country sues you, they will have to deal with the foreign country’s laws that have jurisdiction over the trust.

If you’re thinking of setting up an offshore trust for your digital assets, countries with strong asset protection legislation are the ideal places to set this up. They make it hard for foreign authorities to access information about the trust and its assets.

Safeguard Your Digital Wealth From Hackers

Creating a trust will protect your digital assets from creditors and other claimants. But it won’t safeguard your wealth from hackers. Whether you’ve set up a trust, you need to take extra steps to protect your digital assets from hackers.

Here are some of the best ways to do it:

  • Keep Your Crypto In A Cold Wallet

A cold wallet is a cryptocurrency wallet that stores your private keys offline. Storing private keys offline makes it more difficult for hackers to steal them since they need physical access to your cold wallet.

There are two types of cold wallets: hardware and paper. Hardware wallets are physical devices that store your private keys, like a USB. Paper wallets are simply printouts of your private keys. Both hardware and paper wallets are more secure than hot wallets, which store your private keys online.

  • Limit The Number Of People Who Have Access To Your Wallets

When delegating trustee responsibilities, you must limit the number of people who have access to your wallets—the more people who have access, the greater the risk of theft. Since creating a trust means giving someone else control of your assets, choosing the right trustee is essential. Whichever entity you entrust your digital wealth with must carefully determine who should have access to your wallets and to what extent.

Factors you need to consider when choosing a trustee include their expertise, trustworthiness, and ability to follow their client’s instructions.

Final Words

Crypto asset protection is essential, especially in countries treated as property. Setting up a trust is one of the best ways to protect your digital assets from creditors and other potential claimants. But this won’t be enough. You need to designate a qualified trustee, use a cold wallet, and restrict access to your cold wallets.

 

When Do You Need An Employment Lawyer?

When dealing with legal matters pertaining to work, it is not uncommon to find it beneficial to retain legal counsel. On times, even the most diligent employers will require the assistance of an attorney. Even though you are able to manage many difficulties pertaining to work on your own, there are some situations that are more complex and will require some legal assistance from you.

The legislation governing employment can undergo fast shifts. Every day, the courts and other government agencies release fresh interpretations of these laws, which can sometimes radically invalidate what everyone else thought the law intended.

It is simple to understand why you should seek legal assistance when you find yourself in over your head. When you consider the fact that lawsuits launched by former workers can result in enormous damage awards against the employer, it is reasonable to seek legal help. Follow the link for more https://www.washingtonpost.com/outlook/2022/03/17/labor-law-middle-ages-wisconsin/.

On the other hand, you do not have to consult an attorney every time you review, reprimand, or even terminate the employment of an employee. After all, legal representation is not inexpensive. You will run out of money very soon if you consult a lawyer each time you have to make a choice about your place of employment.

The difficult part is determining which circumstances call for the assistance of a professional and which ones you can manage on your own. The following is a list of activities and concerns that you ought to think about bringing up with an attorney.

Having legal representation at your side can ease the burden of making tough choices about your staff.

Firing

Before you fire an employee for misbehavior, performance difficulties, or any other type of poor behavior, you should seriously consider seeking some legal counsel, and this is especially important if you are concerned that the person could sue you. A lawyer will not only be able to tell you whether or not it will be lawful to fire the employee, but also what actions you may take to reduce the likelihood of being sued for your actions. Find out more on this page.

Classifications of staff members

Classification problems may have a significant impact on a substantial percentage of your employees and open the door to the possibility of greater liability.

Consult an attorney for advice before deciding whether a particular position qualifies as exempt as well as nonexempt, or before designating a group of people as independent contractors instead of employees, since this might have significant legal repercussions. Misclassification usually comes with a heavy price tag, which can include decades of unpaid overtime and fines for several employees.

Other choices 

You should seriously consider getting legal advice before making any employment decision that will have a significant impact on a big number of workers. Before you take any action, it is a good idea to run your plans past a lawyer first, particularly if you want to reduce the number of employees you have, modify your pension plan, or eliminate a benefit that your workers already get.

Your attorney will be able to inform you of any possible legal traps that you may be walking into and provide you with guidance on how to avoid them.

Lawsuits

Get in touch with an attorney as soon as possible if a current or former worker sues you. Employment disputes are sometimes fraught with a great deal of difficulty. You must take specific activities right away to ensure that your rights are protected. You also have to move quickly to protect any evidence that could be used in court.

The time constraints for taking action are quite short, and the majority of courts demand that you submit a formal response to a lawsuit within only a few weeks of receiving notice of the complaint. As soon as you are made aware of a legal action being taken against you, you should start looking for a lawyer.

Statements of fault and claims 

There are situations in which a current or former worker starts a dispute resolution process that is less formal than a lawsuit. An employee, for instance, may submit a claim of administrative discrimination, retaliation, or harassment to the United States Equal Employment Opportunity Commission (EEOC) or a state agency that is analogous in function.

A former worker may also file an appeal against the rejection of unemployment benefits, which, in many jurisdictions, entitles the worker to the right to request a hearing on the matter. In circumstances like these, you should seek the advice of an attorney at the very least, if not actually employ one.

Even though some employers are able to and do handle these administrative functions on their own, the majority of employers could likely benefit from certain legal advice from employment lawyers on the legitimacy of the employee’s claim, how to start preparing a response to the charge, how and where to handle an agency inquiry, as well as how to present the evidence at the hearing.

If any of the following things happen to you, you should seriously consider getting legal representation:

The employee makes several significant allegations, any one of which might lead to a significant damage award being issued against you.

Other current or former workers have made similar complaints, either to the agency or inside the workplace. These charges have been made either directly or indirectly.

The worker has given indications that they want to bring legal action against the company or they have retained the services of an attorney. Click on this link https://www.thesun.co.uk/money/19257787/what-to-do-if-your-pay-is-wrong/.

A few final words

If you have come to the conclusion that it could be in your best interest to consult with an attorney, the next step that you should do is to look for an experienced one. The key is to do enough research until you are confident enough with your decision to hire an employment lawyer. The sooner you start the process, the better.

Employment Lawyers

 

Hogan Lovells Secures Trial Win for Mercedes-Benz in Section 337 Patent Dispute

Washington, D.C., 12 September 2022 – Global law firm Hogan Lovells has secured a trial win for automaker Mercedes-Benz at the International Trade Commission (ITC), which denied claims alleging Section 337 violations surrounding the importation and sale of certain power inverters and converters, and vehicles containing the same. Mercedes was one of several companies named in the complaint, originally filed by Arigna Technology Limited of Ireland 21 May 2021. The ITC’s final decision, issued 12 August 2022, can be found here.

Hogan Lovells’ patent litigation team successfully secured a trial determination of non-infringement and patent invalidity in the matter, effectively terminating the investigation levied against our client.

“We are pleased to have secured this trial win for Mercedes in this matter, in which the ALJ unequivocally found no wrongdoing by our client,” said lead trial attorney for Mercedes, and Intellectual Property, Media and Technology (IPMT) Americas Practice Lead, Celine Jimenez Crowson, based in Washington, D.C. “The trial judge’s decision helps protect healthy lawful competition in the global supply chain, ensuring companies both domestically and internationally can continue to provide crucial manufacturing components and the vehicles that contain them to consumers in the coming months.”

In addition to Crowson, the Hogan Lovells team included IPMT partners Joe Raffetto and Anna Kurian Shaw (both Washington), former ITC judge Ted Essex (Washington), who serves as senior counsel in the firm’s IPMT practice, counsels Scott Hughes (Washington), and Helen Trac and Tej Singh (both San Francisco), senior associates Nick Rotz and Ryan Stephenson (Washington); and associates Eric Wang (New York) and Sally Zhang (San Francisco).

Hong Kong Companies Registry’s New Inspection Regime and Personal Data Protection (Phase 2)

In our previous article[1], we introduced the three phases of the new inspection regime under the Companies Ordinance of Hong Kong. Phase 1 was implemented on 23 August 2021. In this article, we will discuss Phase 2 which will come into effect on 24 October 2022.

New inspection regime

The Companies Register maintained by the Companies Registry contains personal information available for public inspection. Such personal information includes the usual residential addresses and full identification numbers of directors of companies, and full identification numbers of company secretaries and some other individuals such as liquidators and provisional liquidators (collectively, “Protected Information”).  Similar personal information is also required to be contained in the registers kept by companies.

To enhance protection of sensitive personal information, while keeping up the transparency and usefulness of the Companies Register, the new inspection regime is introduced in three phases.

Phase 1: From 23 August 2021, companies may replace usual residential addresses of directors with their correspondence addresses, and replace full identification numbers of directors and company secretaries with their partial identification numbers on their own registers for public inspection. This mainly concerns the Protected Information on the registers kept by companies.
Phase 2: From 24 October 2022, Protected Information on the Index of Directors on the Companies Register will be replaced with correspondence addresses and partial identification numbers for public inspection. Protected Information contained in documents filed for registration with the Companies Registry after such date will not be open to the public.
Phase 3: From 27 December 2023, data subjects could apply to the Companies Registry for protecting from public inspection their Protected Information contained in documents registered with the Companies Registry, and replace such information with their correspondence addresses and partial identification numbers.

Disclosure of Protected Information to Specified Persons

Notwithstanding commencement of Phase 2, the following designated types of persons (“Specified Persons”) can apply to the Companies Registry for access to Protected Information of directors and other persons of companies:

  • a data subject
  • a person who is authorized in writing by a data subject to obtain the information
  • a member of the company (e.g., a shareholder of a company limited by shares)
  • a liquidator
  • a trustee in bankruptcy
  • a public officer or public body
  • a person specified in the Schedule to the Companies (Residential Addresses and Identification Numbers) Regulation (Cap. 622N) as a scheduled person[2]
  • a solicitor or foreign lawyer who practices law in a Hong Kong law firm
  • a certified public accountant (practising)
  • a financial institution or designated non-financial businesses and professions

What do companies need to do?

In filing prescribed forms with the Companies Registry after 24 October 2022, a Hong Kong company still has to provide the Protected Information, but only the correspondence addresses and partial identification numbers will be available for public inspection. The company must also include the correspondence addresses of its natural person directors in its own register of directors.

For a local company and a non-Hong Kong company registered before 24 October 2022, the Companies Registry records the company’s principal place of business in Hong Kong as the correspondence address of its natural person directors. After the commencement of Phase 2, a director’s correspondence address will be updated if a separate form to report such address is filed with the Companies Registry.

Post office box numbers cannot be used as correspondence addresses of directors.

To facilitate the implementation of Phase 2, the Companies Registry has revised 26 specified forms for public use starting from 24 October 2022 in order to facilitate the reporting of correspondence addresses and identification numbers of officers and other relevant individuals. A “PI-sheet” is also added to each relevant form for reporting Protected Information which will not be made available for public inspection.

[1] https://www.eylaw.com.hk/en_hk/publications/our-latest-thinking/2021/aug/company-registry-new-inspection-regime

[2] https://www.cr.gov.hk/en/publications/docs/47-e.pdf

White & Case advises on Rail First Asset Management Acquisition Financing

Global law firm White & Case LLP has advised ING Bank (Australia) Limited, Norddeutsche Landesbank Girozentrale, Singapore Branch (Nord/LB) and Siemens Bank GmbH, Singapore Branch as mandated lead arrangers, underwriters and bookrunners (MLAUBs) on the senior debt facilities for the acquisition of Australian rollingstock leasing company Rail First Asset Management (Rail First), which will be acquired jointly by Amber Infrastructure Group and DIF Capital Partners.

“Amber Infrastructure Group and DIF Capital Partners have secured a high quality growth asset in a unique asset class in Australia,” said White & Case partner Joel Rennie who led the Firm’s deal team. “The Sponsors and MLAUBs drew on recent European experience in this asset class in order to structure and achieve a successful outcome that strongly positions the business for its next phase of growth”.

The debt facilities will be used to partly fund the acquisition, as well as fund Rail First’s ongoing capital expenditure requirements.

Rail First, a supplier of integrated rollingstock and maintenance to the rail industry, owns approximately 1,300 locomotives and wagons, with workshops in Islington (South Australia) and Goulburn (NSW).

The White & Case team which advised on the transaction was led by partner Joel Rennie (Sydney) and included partners Cameron Watson (Sydney) and Caroline Sherrell (London), supported by associate Matthew Weetman (Sydney).

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4 Emerging Trends In Personal Injury Cases

There are varying factors influencing emerging trends in personal injury cases. The changes are becoming more noticeable, so those involved, such as law firms, must consider them to help clients better. Even dealing with the pandemic has brought in some of these trends that have to do with how cases are handled, filed, or settled. And the following are trends to look out for this year.

  1. The Rise Of Distracted Driving

Road accidents are some of the most devastating causes of personal injury cases to the use of mobile phones while driving, which has resulted in some of the worse vehicular crashes in history. Taking your eyes off for five seconds to send a text message was compared to driving at the speed of 55mph with your eyes closed.

Mobile phones give us the advantage of long-distance communication anywhere we go. Texting benefits those who want to keep communication private. But while it offers us the said advantages, it becomes dangerous when driving is involved. The sad thing is that drivers continue to use mobile phones while driving, resulting in car crashes that take too many lives away.

If you are involved in a car crash, you must understand your rights and the measures you must take to prove that the accident is not your fault. If it is, you can still benefit from asking for legal advice from an experienced and reputable personal injury lawyer from an injury network based in Miami or any other network near your place.

  1. Cases Settled Without Reaching Court

When personal injury cases reach court, it typically means that both parties cannot agree on a compromise. Insurance companies and the defendants found that they were willing to settle with victims last 2021. It’s common knowledge that once parties decide to push the case to court, it could drag on for months or years, with everyone suffering from legal fees they must pay. Stress can immensely affect their personal lives and cost them even more money.

A settlement is sometimes the most peaceful solution if you trust that the insurance company will pay the amount you’re asking for or somewhere near it. When facing this situation, you must have a trusted legal representation who will look out for your best interest. Your lawyer would know how much you need and what to ask for. It’s in the lawyer’s best interests to ensure you get the compensation you deserve.

  1. Minimized Lengths Of Trials

Trials can cause stress to both parties. If cases have to proceed to court, the number of days they must be active has been reduced to only five days. In specific cases, parties can petition to extend the trial days. However, it will require some consideration, but the court is not obligated to grant those requests. At the same time, if you’re hiring a lawyer, you can also benefit from lawyers who offer flat-fee services to save on costs.

Defendants should know of this, and their lawyers must provide ample details that their clients can understand. In addition, it only applies to Rule 76 of the Rules of Civil Procedure which was amended and filed on October 23, 2019. The changes were to simplify court procedures in which jury trials will only proceed for litigation not exceeding USD$200,000.

  1. Drones Causing Injuries

Personal injury is not only limited to workplaces, establishments, and car accidents. With the recent popularity of recording videos or taking photos with drones, there have been reports of accidents caused by poorly piloted devices. Drones have also been misused for the invasion of privacy.

A few accidents involved a small drone that caused a power outage in California for 1,600 residents. There was also an incident where a restaurant customer in New York City was severely injured by a drone, resulting in a cut chin and sliced nose. Traumatic experiences can happen due to either reckless flying or product malfunction of drones.

Drones that are commercially used are not the typical toy that hobbyists use. These have sharp blades and can fly up to 50 mph, which can cause harm to anyone it comes in contact with. Those operating the drone, if it causes an accident and injures others, can be liable through negligence.

In Conclusion

These rising trends around personal injury cases are caused by specific behaviors, technology, and streamlining procedures. While some factors are about the causes of injury to victims, others are about making the process simpler and more accessible for those who need legal assistance. When you’re involved in a personal injury case, it’s beneficial to seek an experienced personal injury attorney to help you navigate your case, however unique.

 

 

Clifford Chance Takes Next Step in European Strategy by Appointing New Regional Leaders

Leading international law firm Clifford Chance announces that Giuseppe De Palma and Matt Fairclough have been appointed Regional Practice Area Leaders Global Financial Markets for Continental Europe and the UK respectively, and Thomas Krecek as the firm’s Regional Practice Area Leader for Corporate in Continental Europe.

Charles Adams, Global Managing Partner of Clifford Chance said: “These new roles represent an important investment, which will continue strengthening our position as the leading global law firm in Europe. Giuseppe, Matt and Thomas are strongly positioned to advance our Global Financial Markets and Corporate practices in the region, enabling us to further build on our market leading offering for clients”.

Giuseppe De Palma has been Clifford Chance’s Managing Partner for Italy since 2014. He specialises in acquisition and leverage finance, real estate finance and debt restructuring. He advises international and domestic credit and private equity funds and banks on European high-profile transactions with significant structuring complexities and multiple sources of funding.

Matt Fairclough’s practice covers a broad range of debt and equity capital markets, advising on issuance of debt securities, equity-linked bonds, hybrid and regulatory capital products and on liability management. His clients include underwriters, corporate, financial institution and sovereign issuers and trustees. Matt helped to establish the firm’s Arcus LGBTQ+ and allies affinity network in Asia Pacific during his time working in Hong Kong and is currently the partner sponsor for the Arcus affinity network in the UK.

Thomas Krecek advises on domestic and cross-border transactions including acquisitions, dispositions, mergers, joint ventures and public takeovers, private equity investments with specific focus on financial institutions, as well as Franco-German transactions.