The team pulled out all the stops in a complex negotiation, and with participants located in the UK, US and Australia.
Penningtons Manches has a wide international reach and a rapidly growing list of overseas clients making inward investment into, or operating in, the UK and Europe. The corporate team is well placed to support UK clients entering into international corporate transactions and undertakes a considerable amount of higher value cross-border work.
We advise many overseas clients on a wide variety of corporate law matters including establishing a presence in the UK; acquiring UK companies or businesses; the UK aspects of multi-jurisdictional corporate reorganisation projects; engaging in joint ventures with UK companies; and all corporate matters concerning UK group companies and their operations.
Our overseas clients value our ability to guide them through UK custom and practice and our knowledge of their own home jurisdiction also enables us to highlight key issues for them at an early stage.
The team also advises many domestic clients on a similarly wide range of corporate transactions in overseas jurisdictions, often in conjunction with local counsel who are well-known to us whether through our non-exclusive membership of Multilaw and the European Law Group or otherwise, or who are already retained by our client.
We have particular expertise in supporting North American businesses seeking to establish, invest or do business in the UK and Europe. Our well-regarded India group also provides expert advice on entry and exit strategies for the Indian market and investments from India into the UK and Europe.
Details of the firm’s international reach can be accessed here >>
Advising on the English law-governed transaction documents for the US$165 million acquisition by the Bharti Group, the largest Indian telecoms company and fifth largest globally, of Qualcomm, a global leader in the 4G wireless sector.
Lead adviser acting for TATA International, a division of the Indian conglomerate Tata Group, on its acquisition from Tata Steel of a global brokerage business trading in rolled steel products.