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Latham & Watkins Advises Financial Advisers in Coinbase Direct Listing

Latham & Watkins represented the financial advisers to cryptocurrency exchange platform Coinbase Global, Inc. in its direct listing on the Nasdaq Global Select Market under the ticker symbol “COIN” on April 14, 2021. Latham previously represented Spotify in its ground-breaking direct listing on the NYSE in 2018 and the financial advisers in the direct listings of Slack and Asana on the NYSE in 2019 and 2020, respectively.

Latham represented the financial advisers to Coinbase in its direct listing with a capital markets team led by New York partners Marc Jaffe, Greg Rodgers, and Benjamin Cohen, with New York associates Brittany Ruiz, Jonathan Hernandez, and Darby Dietrich. Advice was provided on corporate matters by Chicago partner Max Schleusener; on financial regulatory and cryptocurrency matters by New York partner Stephen Wink, with London associate Shaun Musuka; on financial regulatory, payments, and AML matters by Washington, D.C. partner Todd Beauchamp and London partner Stuart Davis, with Washington, D.C. associates Charles Weinstein and Loyal Horsley and London associates Gabriel Lakeman, Sam Maxson, and Sidhartha Lal; on bank regulatory matters by New York partner Alan Avery and New York counsel Pia Naib; on FCPA & sanctions matters by Washington, D.C. partner Eric Volkman, with Washington, D.C. associate C.J. Rydberg; on CFTC regulatory, enforcement, and litigation matters by New York partner Yvette Valdez and Chicago partner Eric Swibel, with New York associates Ashley Weeks, Adam Fovent, and Iris Xie; on tax matters by New York partner Jiyeon Lee-Lim, with New York associate Seung Hyun Yang; on benefits and compensation matters by New York partner Bradd Williamson, with New York associate Anne Bracaglia; on data privacy and security matters by Washington, D.C. partner Jennifer Archie, with Washington, D.C. associate James Smith and London partner Fiona Maclean and London counsel Danielle van der Merwe, with London associate Liz Longster.

Duane Morris Welcomes Corporate Partner Hernan Gonzalez Moneta

Hernan Gonzalez Moneta has joined Duane Morris LLP as a partner in the firm’s Corporate Practice Group in its New York office. Prior to joining Duane Morris, he was an attorney at Reed Smith LLP. Gonzalez Moneta joins on the heels of the addition of three partners from Reed Smith LLP – David M. Hryck, Christopher W. Healy and C. Neil Gray – and economist Theodor J. van Stephoudt in New York on March 15.

“Expanding upon our international platform is a key element of our strategic growth plan, and Hernan will add a new facet of international corporate and tax capabilities to Duane Morris,” said Matthew A. Taylor, Chairman and CEO of Duane Morris. “This is an exciting time for the firm, with strong momentum and talent gains that accelerate our growth opportunities and enable us to more fully serve clients around the world.”

“I’m pleased to develop and grow my practice at Duane Morris, and to utilise the collaborative resources available to deliver the best solutions for my clients,” added Gonzalez Moneta.

Hernan Gonzalez Moneta advises clients with respect to Mexican and international tax and corporate matters, including all aspects of cross-border transactions, interpretation and application of tax treaties, mergers and acquisitions, corporate reorganisations, permanent establishment issues, licensing structures, tax compliance, transfer pricing, foreign tax credit planning and expatriates’ tax regime, as well as research and development of tax incentives. He concentrates his practice on international tax planning and guides clients in the implementation of their multijurisdictional business structures. Gonzalez Moneta also has broad experience in advising individuals and international families, celebrities and entertainers with their international endeavours. He is recognised as a trusted advisor for ultra-high-net-worth individuals and global families with focus on cross-border gift and estate planning structuring and succession governance. In addition, he has substantial experience in representing taxpayers undertaking voluntary disclosures under the IRS Offshore Voluntary Disclosure Program. He also assists clients with the negotiation of private letter rulings concerning international transactions, including the lobbying and prosecution of administrative matters before Mexican federal and state authorities. Gonzalez Moneta has drafted tax reform proposals concerning clients’ benefits, which were discussed and passed by the Mexican Legislature. Likewise, he has advised Mexican federal government agencies regarding compliance given to legal and payment obligations under major media campaigns. Gonzalez Moneta has also determined for the Mexican operations of major international groups value-added tax (VAT)-efficient strategies for imports and exports, as well as assisting them in securing large VAT refunds. In addition, Gonzalez Moneta has successfully handled several tax, administrative and intellectual property litigation procedures.

Gonzalez Moneta is a graduate of Georgetown University Law Center (LL.M., 2010) and the Universidad de Monterrey (J.D., 2001, B.A., 2003).

About Duane Morris

Duane Morris LLP provides innovative solutions to today’s multifaceted legal and business challenges through the collegial and collaborative culture of its more than 800 attorneys in offices across the United States and internationally. The firm represents a broad array of clients, spanning all major practices and industries.

Hogan Lovells advises McCormick & Company on US$1bn debt offering

Global law firm Hogan Lovells advised McCormick & Company, Inc. (McCormick) on an aggregate of US$1bn of new debt issuances.

McCormick, which manufactures, markets and distributes spices, seasoning mixes, condiments and other flavourful products to the entire food industry, offered and sold US$500m aggregate principal amount of 0.900% notes due 2026, and US$500m aggregate principal amount of 1.850% notes due 2031.

The Hogan Lovells team advising McCormick was led by capital markets partners Alex Bahn (Washington DC; Philadelphia) and Eve Howard (Washington DC), tax partner Scott Lilienthal (Washington DC), capital markets senior associate Phillip Schuster (New York), corporate associate Sarah Branch (Washington DC), and tax senior associate Caitlin Piper (Washington DC).

The Hogan Lovells U.S. capital markets team regularly advises clients on complex and high-value offerings of debt, equity, and hybrid securities. Our issuer clients include some of the most recognisable corporate names in America. We are able to structure and execute capital markets transactions in order to maximise client goals, including developing innovative transactional structures.

Jay Williams joins DLA Piper’s Structured Finance practice in New York

DLA Piper announced today that Jay Williams has joined the firm as a partner in its Structured Finance practice, based in New York.

Williams represents issuers, underwriters, investors and other market participants in a wide variety of structured finance transactions – including CLOs; secured lending facilities backed by loans, CRE assets and other asset classes; re-securitisations; and synthetic securitisations – as well as swaps, derivatives and repurchase agreements. He has extensive experience with regulatory capital relief transactions and other types of synthetic risk transfers and also advises private funds and their sponsors with respect to investments in distressed assets. Williams is dual-qualified, practicing both New York and English law.

“Jay is a fantastic addition to the firm who will immediately enhance our structured finance capabilities,” said John Cusack, US chair and global co-chair of DLA Piper’s Finance practice. “His extensive experience handling complex financial transactions increases our ability to meet the evolving needs of the market, and our global platform will be of significant benefit to his practice and clients.”

“We are continuing to build our wider finance practice, including structured finance, in New York and across the firm, and Jay’s skillset and experience providing guidance to highly sophisticated clients across multiple asset classes is an important part of that strategic initiative,” added Richard Hans, managing partner of the firm’s New York office.

“The addition of Jay to our structured finance team will greatly enhance our ability to continue to strengthen our position among the market leaders in US and European CLOs, as well as other important asset classes,” said Rich Reilly, head of DLA Piper’s Structured Finance practice.

Williams joins from Schulte Roth & Zabel LLP. He received his J.D. from Wake Forest School of Law, his LL.M., with distinction, from Georgetown University Law Center, his M.B.A. from the University of Chicago Booth School of Business, and his B.S.F.S. from Georgetown University’s School of Foreign Service.

Eversheds Sutherland announces NYU School of Law Scholarship Fund

Eversheds Sutherland is pleased to announce that it has established the Eversheds Sutherland Tax Scholarship Fund at New York University’s School of Law. The Fund will be used to provide tuition assistance annually to one LLM student in the law school’s Graduate Tax Program to further inclusivity in the study of tax law.

“We are proud to partner with NYU to promote opportunities for underrepresented groups to join the tax profession,” said Jeffrey A. Friedman, Eversheds Sutherland’s US Tax Practice Group Leader and adjunct professor at NYU’s School of Law. “The Eversheds Sutherland Tax Scholarship Fund is an important part of our broader effort to recruit talented lawyers to join the tax community.”

“We are so pleased to be working with NYU Law’s Graduate Tax Program to make this scholarship available to students,” says Vanessa A. Scott, Chief Diversity Officer and Tax Partner at Eversheds Sutherland. “We are committed to promoting diversity both within our firm and within the broader tax community.”

Eversheds Sutherland serves as tax counsel to many of the world’s most prominent corporations—including more than 35 of the Fortune 100—in every area of federal, international, state and local tax law. More than 100 tax attorneys represent taxpayers in federal, international, employee benefits, insurance, tax exempt, and state and local tax matters. Eversheds Sutherland handles intricate federal, international, and state and local tax matters, providing custom solutions to address our clients’ tax needs.

Veronica Relea Named Among Top 100 Female Lawyers in Latin America

Latinvex has named New York partner Veronica Relea to its Latin America’s Top Female Lawyers list for the fourth year in a row. The annual list recognises the top 100 female lawyers from international law firms who are doing business in the region. Latinvex’s selection criteria includes recent track record on major deals and business, prominence of the firm in Latin America, and rankings.

Relea, a member of Latham’s market-leading Project Development & Finance and Latin America Practices, has developed a robust Latin America practice advising clients on a range of complex finance transactions. She represents commercial and investment banks, sponsors, developers, and private equity firms in connection with the development, construction, operation, and financing of energy, oil and gas, and infrastructure projects. Relea also has extensive experience in leveraged finance transactions, including acquisition financings and asset-based facilities.

A native of San Juan, Puerto Rico, Relea is also recognised for her work by The Legal 500 Latin America and The Legal 500 US.