Posts

Bringing true mettle to complex multijurisdictional deals

Eversheds Sutherland has advised Sims Metal Management Limited (Sims) on the agreed €83.5m sale of its European compliance scheme orientated recycling operations to German-based TSR Recycling, a subsidiary of REMONDIS Group.

Sims is one of the world’s largest metal and electronics recyclers with over 250 facilities, including joint venture operations, in 18 countries.

The operations that have been sold are located in Germany, Austria, the Netherlands, Belgium and Sweden. The deal, which is subject to competition approval by the European Commission, includes the sale of Sims’ waste electrical and electronic equipment (WEEE) treatment facilities in Sweden, Norway, Belgium and the Netherlands.

The sale does not include Sims’ global e-recycling IT asset disposal business.

The multijurisdictional Eversheds Sutherland team was led by corporate Partner James Trevis with Principal Associate Anthony Cross (corporate, Germany) and Senior Associate Thomas Plant (corporate, UK).

The wider team included Partners Peter Harper (competition, UK), Simon Weppner (tax, Germany), David Beswick (employment, UK), Jane Southworth (EHS, UK) and Tom van Wijngaarden (corporate, Netherlands), Consultant Stephen Rose (competition, UK), Principal Associates Evy Verhaeghe (corporate, Belgium), Claire Morgan (competition, UK), Anique Bitterlich and Marieke Koster (both employment, Netherlands), Senior Associates Christian Lindner (corporate, Germany), Michael Hardiman (employment, UK), Lukas Ploesch (corporate, Austria) and Laetitia Goor (real estate, Netherlands) and Associates Jake Perryman (corporate, UK), Rachael Tattersall (EHS, UK) and Dane Stattin (corporate, Sweden).

James Trevis commented: “This was a complex, multijurisdictional deal where strong collaboration and careful project management was absolutely key. We have a long standing 20 year relationship with Sims and we’re delighted to have been able to assist on what is a notable transaction for them. We look forward to continuing to support Sims in the future.”

Josef Malik, Director of Business and Legal Affairs at Sims Metal Management Limited, commented: “This was a strategically important deal for our company and we are pleased with this outcome. The Eversheds Sutherland team was excellent, combining a comprehensive understanding of our business with first class legal advice, commercial nous and innovative solutions to ensure the very best result.”

DORDA establishes multidisciplinary Digital Industries Group

DORDA has always had a strong focus on the digital and technology sector. The team of nine leading and award-winning IT/IP professionals led by partner Axel Anderl has been boasting a strong track record of relevant client relationships for more than a decade. In addition, other expert teams of the firm, such as the M&A group, the corporate law, banking and insurance teams or the antitrust team, also work for technology companies on a daily basis. As a consequence, DORDA has now established a new interdisciplinary Digital Industries Group, which institutionalises the cooperation of DORDA’s experienced, technology-oriented experts in the digital and technology sector. Constant sharing of know-how will further strengthen the expertise and quality of the Group’s services, thus creating further synergy effects for clients.

The Digital Industries Group is headed by Axel Anderl. Attorneys Bernhard Heinzl (IT/IP) and Lukas Schmidt (Corporate M&A) will jointly be responsible for the management. The core team of the group currently comprises 14 experts from the areas of IT/IP/Data Protection, Corporate Law, M&A, Antitrust Law, Litigation and Arbitration as well as Banking and Finance. In addition, the team is also supported by Life Science and public law experts.

“Innovation and ongoing development combined with the use of new technologies are present in all economic sectors. With the new Digital Industries Group, we offer holistic legal advice in a digital world,” says Axel Anderl. “Depending on the technology and areas of application, different areas of the law are concerned. However, companies prefer one contact person and a law firm which can offer competence and, above all, experience in all areas”.

In addition to the basic legal services such as contract drafting, IT and joint venture projects, outsourcing, digitalisation and transaction support, the Digital Industries Group also focuses on emerging technologies such as blockchain, AI, machine learning, digital corporate law (tokenisation of shares, participation certificates), supervisory law in the digital age in the financial and insurance sector, FinTechs and of course start-ups.

“In recent years, there has been a significant increase in the demand for specialized and cross-team advice on M&A transactions regarding tech companies. Especially for companies with digital business models, experience has shown that there are numerous legal issues in the transaction area, which require interdisciplinary work. The Digital Industries Group is able to provide direct and smart solutions and thus further increase the quality of our consulting services for clients,” says Lukas Schmidt.

Bernhard Heinzl continues: “DORDA has been working successfully with tech-related teams in numerous matters. We want to provide our clients with further added value through the synergies of our teamwork and by pooling our strengths across teams.”

DORDA is a leading law firm in Austria, advising in all areas of business law. In addition to Corporate, M&A, real estate and tenancy law, banking and capital markets law, the firm’s practice areas comprise insolvency law and restructurings as well as dispute resolution, tax law, competition/antitrust law, employment law, public law, data protection, IT, IP and media law.

Insights and reports for technology driven visionary leaders

At Management Events, our passion is to create valuable encounters and impactful experiences in a professional setting. At our events, we connect the top decision makers and solution providers, and inspire with great speakers.

Our exclusive, invitation-only event concept offers our clients the opportunity to have pre-booked meetings with the most potential customers and network with the forerunners in their field. The event participants are technology-driven leaders of the largest companies in Europe and Southeast Asia.

Annually, we produce more than 150 business events bringing together 20,000 leaders and 2,000 solution providers in 15 countries generating business opportunities through 50,000 face-to-face meetings. Currently, we operate in Austria, Denmark, Germany, Finland, the Netherlands, Norway, Sweden, Switzerland, Malaysia, UAE, Turkey and Singapore.

For more information about Management Events, please visit: https://managementevents.com/