COVERAGE
January 24, 2023
Read time: 2 min
Ian Schwartz, Erica Moscarello, Fred Levenson, Roy Larson, Alex Ruiz, Alissa Cardillo, Matthew Stern, Kwabena Yeboah, Emily Jewell and Justin Robinson are featured in Global Legal Chronicle for representing Lorient Capital.
COVERAGE
January 24, 2023
Read time: 2 min
Ian Schwartz, Erica Moscarello, Fred Levenson, Roy Larson and Alex Ruiz are featured in Bloomberg Law for representing Lorient Capital.
COVERAGE
January 19, 2023
Read time: 2 min
London white-collar lawyers, Simon Airey, James Dobias and William Merry explore the latest developments in the potential reform of the law relating to corporate criminal liability. Read more in Compliance & Risk Magazine.
DEAL ANNOUNCEMENT
January 23, 2023
Read time: 4 min
International law firm McDermott Will & Emery represented Destillers United Group S.L. (DUG), a Spanish company, together with certain of its affiliates including in the United States, Panama, Venezuela and Portugal, in the sale of its award-winning super premium Diplomático Rum brand and related assets to Brown-Forman Corporation, the publicly traded international spirits company best known for its Jack Daniels whiskey. The company announced its agreement to purchase the brand in October 2022, giving Brown‑Forman an entry into the growing super-premium+ rum category.
The transaction closed on January 5, 2023 following the completion of a Hart Scott waiting period and negotiations of all ancillary and transitional agreements to assure seamless continuity of the product’s market share.
As part of the acquisition, Brown‑Forman added an aging, bottling and shipping production facility located in Panama to the company. DUG will continue to produce and age the unique, carefully crafted and complex Diplomático Rum in their original distillery at the foot of the Andes mountains.
The McDermott multi-office, multi-disciplinary team was led by Todd Finger, Alva Mather, Mike Silva, Jeff Steiner and Bob Unger and included Graciany Miranda, Greg Weigand, Myia Williams, Christine Dower, Brian Long, Shawn Helms, Michelle Strowhiro, Ryan Smethurst, Alice Chung, Ty Carson, Adam Spiegel, Todd Solomon, Ted Diskant, David Levine, Sarah Bro, Nicole Castle, Jacob Hollinger, Sarah Walters, Sam Neel, Nicole Shustack, Cristell Fortune, Ethan Heller, Alexandra Williamson, Jeronimo Soares de Sousa, Matthieu Adam, Sabine Nauges, Nicolas Faguer, Avrile Guénot, Raminta Dereskeviciute and Karolien Van der Putten.
COVERAGE
January 23, 2023
Read time: 2 min
Jerred Blanchard, Jeff Maydew and Meaghan Wolfe author this article in Tax Notes that continues their part one examination of the new corporate alternative minimum tax, noting issues that can be resolved through guidance, at least in part, and those for which the only remedy is repeal of the new tax.
COVERAGE
January 23, 2023
Read time: 2 min
Heather Cooper is quoted in Bloomberg speaking about how the IRA requires developers to pay both construction workers and project operators prevailing wages
DEAL ANNOUNCEMENT / PRESS RELEASE
January 20, 2023
Read time: 3 min
International law firm McDermott Will & Emery advised Lorient Capital, a healthcare-focused private equity firm, on the formation of a single-asset continuation fund in connection with the recapitalization of its portfolio company ShiftKey, a healthcare technology company valued in excess of $2 billion.
The McDermott team was led by investment funds partners Ian Schwartz and Erica Moscarello, corporate partners Fred Levenson and Roy Larson, and tax partner Alex Ruiz. Associate support was provided by Alissa Cardillo, Matthew Stern, Kwabena Yeboah, Emily Jewell and Justin Robinson.
Read Lorient Capital’s press release here.
McDermott Will & Emery partners with leaders around the world to fuel missions, knock down barriers and shape markets. Our team works seamlessly across practices and industries to deliver highly effective solutions that propel success. More than 1,400 lawyers strong, we bring our personal passion and legal prowess to bear in every matter for our clients and the people they serve.
PRESS RELEASE
January 20, 2023
Read time: 3 min
International law firm McDermott Will & Emery represented CoServ Electric, the largest of the 16 member cooperatives of Brazos Electric Power Cooperative, Inc., the oldest and largest generation and transmission power cooperative in Texas.
Brazos filed for Chapter 11 on March 1, 2021 in the aftermath of Winter Storm Uri, a catastrophic winter storm that blanketed the State of Texas during the week of February 13, 2021. Shortly thereafter, Brazos received invoices totaling over $2 billion from the Electric Reliability Council of Texas (ERCOT) in connection with electrical power Brazos purchased in the ERCOT market during Winter Storm Uri.
After nearly two years, Brazos emerged from Chapter 11 on December 15, 2022. CoServ Electric was an active participant throughout Brazos’ Chapter 11 case and related, contentious litigation, including litigation initiated by Brazos against ERCOT, and litigation initiated by the unsecured creditors committee and Brazos against CoServ Electric. CoServ Electric’s active participation in Brazos’ Chapter 11 case helped achieve several critical goals, which will also benefit the other member cooperatives.
The McDermott team was led by Chuck Gibbs and Maris Kandestin and included Eric Seitz, Shelby Perry, Rob Lamkin, Eli Berman, Ted Alexander, Kelly Shami and Himanshu Patel.
McDermott Will & Emery partners with leaders around the world to fuel missions, knock down barriers and shape markets. Our team works seamlessly across practices and industries to deliver highly effective solutions that propel success. More than 1,400 lawyers strong, we bring our personal passion and legal prowess to bear in every matter for our clients and the people they serve.
PRESS RELEASE
January 20, 2023
Read time: 3 min
International law firm McDermott Will & Emery represented the City of Rock Hill, South Carolina in the Chapter 11 case of GT Real Estate Holdings, LLC (GTRE), a subsidiary of Tepper Sports Holding, Inc.
The Chapter 11 case centered around the failed project to develop a mixed-use, pedestrian-friendly community, which was to be anchored by a new headquarters and practice facility for the Carolina Panthers. GTRE acquired land in Rock Hill for the project but halted construction on the project halfway through its completion and shortly thereafter, filed for Chapter 11.
Rock Hill was one of the largest creditors in GTRE’s Chapter 11 case and had a significant interest in the development and disposition of the project site and removal of the partially constructed practice facility. Following months of contentious litigation and negotiations between Rock Hill and GTRE and its affiliates, Rock Hill successfully obtained possession of, and control over, the project site. GTRE’s Chapter 11 plan went effective on December 20, 2022.
The McDermott team was led by Chuck Gibbs and Maris Kandestin and included Eric Seitz, Shelby Perry, Grayson Williams, Sean Hennessy, Mark Meredith, Debbie Green, Chris Whalen, Brigid McCarthy, Kelly Shami and Erica Lang.
McDermott Will & Emery partners with leaders around the world to fuel missions, knock down barriers and shape markets. Our team works seamlessly across practices and industries to deliver highly effective solutions that propel success. More than 1,400 lawyers strong, we bring our personal passion and legal prowess to bear in every matter for our clients and the people they serve.
COVERAGE
January 20, 2023
Read time: 2 min
Amy Pimentel comments on new shift in policies in the EU-US data privacy framework.
