To deliver this project, we worked collaboratively with the client's tax and accounting advisers.

Corporate Group Restructure

The group had 15 different legal entities in the UK with different intermediate parent companies and in multiple jurisdictions carrying-out overlapping trade. We worked with the client's tax and accounting advisers to plan the different legal steps that were required in order to re-structure the corporate group to ensure that its UK group of companies was well-structured under the same intermediate parent company; merge together the UK entities ensuring no overlap between the activities of its subsidiary companies; and reduce the number of UK entities to reduce the administrative costs. Our multi-disciplinary team advised on the business and asset transfers; pensions and employment law; reductions of capital, declaration of dividends and assignment and repayment of inter-group loans; and share transfers and stamp duty relief applications. Following the reorganisation, the client has a corporate structure that is easier to manage and led to less inter-group competition.

Company details

16 July 2004
Legal services