Posts

Eversheds Sutherland advises Ball Corporation on VPPAs

Eversheds Sutherland is pleased to announce that it represented client Ball Corporation (Ball) in two virtual power purchase agreements (VPPAs) to further the company’s progress in achieving 100% renewable energy in Europe.

The two VPPAs were for wind developments in Sweden and Spain, specifically for the Corral Nuevo project with wpd and for the Brattmyrliden project with Falck Renewables – for a total of 93.4 megawatts (MW) of additional wind energy. They will allow the company to address approximately 63% of the European electricity load utilised in its aluminium beverage packaging plants (excluding Russia) with new renewable energy.

Eversheds Sutherland Global Energy Partner Ram C. Sunkara (US) and Counsel Joshua L. Belcher (US) led the transaction. They were assisted in Europe by a team led by Partner Jean-Pascal Boutin (UK), Counsel Marta Vizcaíno Martín (Spain) along with Senior Associate Ben Brown (UK).

The transaction highlights Eversheds Sutherland’s ability to seamlessly negotiate and execute VPPAs and PPAs for corporate off takers across multiple domestic and international jurisdictions.

The two developments will collectively enable Ball to reduce its Scope 2 greenhouse gas emissions generated in Europe by approximately 60% compared to 2019, equivalent to the carbon reduction that would be provided by removing more than 47,000 passenger vehicles from the road annually. Scheduled to come online in 2021, Ball’s share of the Corral Nuevo and Brattmyrliden wind projects will generate nearly 308,000 megawatt hours (MWh) of renewable electricity in Europe each year—equivalent to the electricity load of approximately 10 Ball beverage packaging plants.

About Eversheds Sutherland’s Global Energy Group

For more than four decades, Eversheds Sutherland’s Global Energy Group has been counselling energy clients in guiding their businesses through an ever-changing landscape. With more than 300 energy and infrastructure lawyers located in business, financial and policy capitals throughout Africa, the Americas, Asia, Europe and the Middle East, Eversheds Sutherland has the in-depth industry knowledge, deep resources and expansive reach necessary to compete in today’s global energy markets.

Eversheds Sutherland’s clean energy and sustainability lawyers work daily in the industry, and are leading the way on the energy transition dialogue. From the 20% renewable energy target set by the European Council, to federal tax incentives in the US, to global corporations’ sustainability initiatives, to the government-imposed bidding process for Chinese wind projects, the market is always changing, and we can advise on this ever-evolving landscape.

Konexo celebrates its one-year anniversary

Konexo, developed by Eversheds Sutherland, today celebrates the one-year anniversary of its official launch.

During this time, the practice has advanced its position through continued global expansion across Europe, Asia, and most recently the United States. It has also strengthened its capabilities in areas including digital transformation, managed legal services, and trade mark and design law.

Konexo works with global clients across multiple sectors including banking and financial services, telecoms, and diversified industrials, offering clients a breadth of services underpinned by cutting-edge technology such as AI and robotics.

Investing in top talent continues to be a strategic priority. Significant hires include Babar Hayat, Head of Technology and Transformation, who leads the digital transformation practice, while Brett Aubin, Managing Director, heads regulatory response managed services focusing on LIBOR transition services and other repapering projects. Trystan Richards recently joined as Legal Services Director, and will support managed service relationships and repapering projects across the global client base.

Earlier this year Konexo launched Resourcing+, an evolution of its existing resourcing service which was rolled out across its global network. Resourcing+ gives clients immediate and high quality legal talent without having to commit to specific timeframes. Clients using the service include Nestlé UK Ltd, Pernod Ricard UK Ltd and Lion Pty Ltd.

This month, Eversheds Sutherland’s UK Branding Group permanently moved to Konexo. Led by Kate Ellis, it comprises specialist trade mark and design lawyers, attorneys and paralegals. The team provides a dedicated service and acts as ‘one stop shop’ for clients throughout the full lifecycle of a brand.

Graham Richardson, Head of Konexo, said: “We set out to challenge the market and offer clients something different. I am so proud of everything we have achieved so far and I’m especially proud of the team for their drive, hard work and tenacity. As we look to the coming year there will be some testing times ahead. However, by combining our talent, technology and expertise, I am confident that we are well placed to meet those challenges and the needs of our clients.”

Eversheds Sutherland attorneys named among best in United States

Eversheds Sutherland is pleased to announce that 19 practice areas and 99 attorneys have been recognised in the 2020 edition of The Legal 500 United States, a comprehensive survey of legal service providers. For more than 25 years, the series has provided feedback on law firms from more than 100 countries.

Also this year, The Legal 500 named 11 attorneys to its elite “Leading Lawyers” list. Lee C. Davis and Jennifer Wheatley Fletcher were recognised in the Construction category; Adam B. Cohen and Vanessa A. Scott were recognised in the Employee Benefits, Executive Compensation and Retirement Plans category; James R. Dwyer and Cynthia R. Shoss were recognised in the Insurance: Non-contentious category; Jeffrey A. Friedman and Jerome B. Libin were recognised in Tax – US Taxes: Contentious; Robert D. Owen was recognised in the Dispute Resolution – E-discovery category; Wade H. Stribling was recognised in M&A/Corporate and Commercial – M&A: Middle-market (sub-$500m); and Peter C. Quittmeyer was recognised in the Technology: Outsourcing category.

Eversheds Sutherland received national rankings in:

  • Dispute Resolution – E-discovery
  • Dispute Resolution – General Commercial Disputes
  • Finance – Financial Services: Regulation
  • Finance – Structured Finance: Derivatives and Structured Products
  • Industry Focus – Energy Regulation: Conventional Power
  • Industry Focus – Energy Regulation: Oil & Gas
  • Industry Focus – Energy: Renewable/Alternative Power
  • Industry Focus – Energy Transactions: Conventional Power
  • Industry Focus – Insurance: Non-contentious
  • Intellectual Property – Patent: Patent Prosecution (including re-examination and post-grant proceedings)
  • Labour and Employment – Employee Benefits, Executive Compensation and Retirement Plans
  • M&A/Corporate and Commercial – M&A: Middle-market (sub-$500m)
  • Media, Technology and Telecoms – Fintech
  • Media, Technology and Telecoms – Technology: Outsourcing
  • Real Estate and Construction – Construction (including construction litigation)
  • Real Estate and Construction – Real Estate
  • Tax – International Tax
  • Tax – US Taxes: Contentious
  • Tax – US Taxes: Non-contentious

About Eversheds Sutherland

As a global top 10 law practice, Eversheds Sutherland provides legal services to a global client base ranging from small and mid-sized businesses to the largest multinationals, acting for 75 of the Fortune 100, 68 of the FTSE 100 and 113 of the Fortune 200.

With more than 3,000 lawyers, Eversheds Sutherland operates in 70 offices in 34 jurisdictions across Africa, Asia, Europe, the Middle East and the United States. In addition, a network of more than 200 related law firms, including formalised alliances in Latin America, Asia Pacific and Africa, provide support around the globe.

Eversheds Sutherland provides the full range of legal services, including corporate and M&A; dispute resolution and litigation; energy and infrastructure; finance; human capital and labour law; intellectual property; real estate and construction; and tax.

Eversheds Sutherland comprises two separate legal entities: Eversheds Sutherland (International) LLP (headquartered in the UK) and Eversheds Sutherland (US) LLP (headquartered in the US), and their respective controlled, managed, affiliated and member firms. The use of the name Eversheds Sutherland is for description purposes only and does not imply that the member firms or their controlled, managed or affiliated entities are in a partnership or are part of a global LLP.

Eversheds supports call for Georgia hate crime legislation

Eversheds Sutherland has signed a letter by the Metro Atlanta Chamber and the Georgia Chamber of Commerce urging the Georgia General Assembly to pass a comprehensive, specific and clear bill against hate crimes in the state of Georgia. Currently, Georgia is one of the few states that does not have such a law in place.

“Our firm values stand against bigotry, hatred and inequality, and we believe the state of Georgia should send the same message by passing a law against hate crimes that protects diverse Georgians – our employees, our clients, and their families,” said Mark D. Wasserman, Co-CEO of Eversheds Sutherland. “Being part of the Georgia business community, we believe in advancing policies that support positive change and are proud to be part of a solution that fights for racial justice and equality.”

Eversheds Sutherland has joined the Metro Atlanta Chamber, the Georgia Chamber of Commerce and more than 60 corporations in support of comprehensive hate crime legislation. Companies interested in joining the growing group should go to www.passhatecrimesga.com where they will find instructions how to join and contact elected officials.

Eversheds Sutherland strengthen projects offering in the Middle East

Eversheds Sutherland has appointed project finance lawyer, Ashley Halewood, as a partner in its Projects team in Dubai. Ashley joins the firm from Linklaters’ Energy & Infrastructure team in Dubai.

With nine years’ experience working in the Middle East, Ashley has advised on a number of high profile transactions in the infrastructure, renewables, oil & gas, petrochemicals and power and water (IWP, IWPP and ISTP) sectors across the MENA region.

He has represented sponsors, developers, commercial lenders, Islamic finance institutions, ECAs and multilateral agencies, in all aspects of project financing, including bids, acquisitions and disposals.

Ashley is named as a ‘Rising Star’ by The Legal 500 in the Infrastructure and Projects (including Project Finance) sector.

Keri Rees, Co-Head of Global Company Commercial, Eversheds Sutherland said: “We’re thrilled to welcome Ashley. His appointment builds on our existing offering in the Middle East, enhancing the capability we already offer to our clients through the technical excellence and wealth of experience that he brings. Whilst Middle East focused, Ashley is part of a global team and it’s great to see this develop with Ashley already connected with colleagues in London, Paris, Germany and Asia in particular. Despite these challenging times, having Ashley on board reaffirms our ongoing long term commitment to meeting the needs of our clients and the increasing demand for service excellence.”

Nadim Kayyali, Regional Head of Eversheds Sutherland’s Corporate and Commercial team in the Middle East commented: “Ashley is a superb lawyer, with a proven track record in the region and his appointment reflects the investment in talent that the firm has made in the Middle East over the past couple of years. He brings with him a wealth of technical experience and client relationships which will develop further our existing projects teams in Dubai and across the region in Tunisia, Qatar, Jordan, UAE and KSA. We are committed to the growth of our practice in the Middle East, and supporting the strategic growth and strength of our global projects offering, and it is my pleasure to welcome Ashley to our team.”

Ashley Halewood commented: “I am delighted to be joining such a highly reputable team, building on what is already a strong offering in the Middle East, and a great platform from which to grow and strengthen my relationships with clients. It’s an interesting time to be joining Eversheds Sutherland amid our clients’ obvious concerns around COVID-19 and its impact on, amongst other things, the energy and infrastructure sectors. I look forward to working as part of the team to help find innovative solutions to our clients’ challenges and opportunities.”

Eversheds Sutherland publishes The State of Cannabis Law

Eversheds Sutherland is pleased to announce the publication of its comprehensive cannabis book, The State of Cannabis Law. Authored and researched by the firm’s Cannabis Industry team and published by Wolters Kluwer, The State of Cannabis Law is a first-of-its-kind book that provides an overview of all 50 states’ marijuana and hemp laws and includes information about key ancillary issues such as intellectual property, real estate and tax implications. The book is now available for purchase at the Wolters Kluwer online bookstore.

“Our Cannabis Industry team was formed to bring cross disciplinary insights to businesses operating in this rapidly growing industry, where state, federal and international regulations are still being developed,” said Mark D. Wasserman, Co-CEO of Eversheds Sutherland. “After working with many clients in the space, our team identified a need for comprehensive guidance on state-by-state laws which will hopefully be helpful to businesses working within and across state lines.”

As developments in the cannabis industry continue to move at rapid speed, current command of a state’s specific regulation, as well as its pending legislation and overall evolution with respect to cannabis, is vital for businesses to meaningfully work in the cannabis space, whether by serving clients, starting a business or as an ancillary service provider or other role. However, material available to make prudent decisions is often piecemeal and inconsistent in identifying various issues relevant in individual states. With this innovative book, the Eversheds Sutherland Cannabis Industry team has created a desk reference that provides industry participants with a streamlined and accessible starting point to understand the cannabis landscape in any given state.

“In the last decade, cannabis has emerged as a powerful tool for health, agricultural, and sociocultural and economic change,” said Anna C. Halsey, special counsel in the Eversheds Sutherland Intellectual Property practice group who co-authored and spearheaded the project. “Currently, more than two-thirds of the states and Washington DC have legalised marijuana for medical use while 11 states and Washington DC have legalised marijuana for adult or recreational use. Still more states have various nuances associated with their cannabis regulatory regimes. Due to these important variations, we have created this book and captured them in a single resource.”

Many significant legal and economic potentialities loom on the horizon that will continue to change the cannabis industry and legal landscape. As those changes happen, this book will evolve as well with upcoming editions.

About the Cannabis Industry Team

The Eversheds Sutherland Cannabis Industry Team is an assembly of experienced attorneys from across our practice groups and offices who serve the expanding and diverse needs of the cannabis industry. We combine deep industry knowledge, a network of relationships and subject matter experience to provide clients with the advice needed to successfully launch, grow, manage and work with cannabis companies. We scan for and study with depth the rising cannabis business questions and challenges—from communications and branding to transportation and banking—and proactively work with clients to develop strategic plans that leverage opportunities and address relevant issues. Our Cannabis Industry Team brings the legal and regulatory frameworks necessary to most any business decision made in the industry.