Content Type (RSS): In the News

  • Key aspects of the 2025 coalition agreement from a real estate and tax perspective

    Key aspects of the 2025 coalition agreement from a real estate and tax perspective

    ARTICLE / CLIENT ALERT

    Key aspects of the 2025 coalition agreement from a real estate and tax perspective

    May 26, 2025

    Read time: 2 min

    Key takeaways
    Overview

    With the 2025 coalition agreement, the German government has set ambitious targets for housing construction, tenancy law, municipal housing policy, and the heat transition in the building sector. The focus is on creating new momentum for the housing market, combined with social responsibility and climate protection.

    In depth
    Authors

    Dr. Maximilian Meyer

    Counsel

    Frankfurt

    More insights

  • The Most Pressing Question for Energy Developers After the House’s IRA Cuts

    The Most Pressing Question for Energy Developers After the House’s IRA Cuts

    COVERAGE

    The Most Pressing Question for Energy Developers After the House’s IRA Cuts

    May 23, 2025

    Read time: 2 min

    About Us

    Heather Cooper

    Partner

    Miami

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  • Trump Tax Bill Could ‘Devastate’ Clean Energy. Here Are the Few Bright Spots.

    Trump Tax Bill Could ‘Devastate’ Clean Energy. Here Are the Few Bright Spots.

    COVERAGE

    Trump Tax Bill Could ‘Devastate’ Clean Energy. Here Are the Few Bright Spots.

    May 23, 2025

    Read time: 2 min

    About Us

    Heather Cooper

    Partner

    Miami

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  • Critics Decry Budget Bill as Clean Energy ‘Attempted Murder’

    Critics Decry Budget Bill as Clean Energy ‘Attempted Murder’

    COVERAGE

    Critics Decry Budget Bill as Clean Energy ‘Attempted Murder’

    May 22, 2025

    Read time: 2 min

    About Us

    Heather Cooper

    Partner

    Miami

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  • McDermott Represents Calvin Ford in Acquiring a Controlling Stake in Livingston Football Club

    McDermott Represents Calvin Ford in Acquiring a Controlling Stake in Livingston Football Club

    DEAL ANNOUNCEMENT / PRESS RELEASE

    McDermott Represents Calvin Ford in Acquiring a Controlling Stake in Livingston Football Club

    May 22, 2025

    Read time: 4 min

    The transaction:

    • International law firm McDermott Will & Emery represented Calvin Ford in connection with his acquisition of a controlling stake in Livingston Football Club (Livingston FC). In connection with the transaction, Mr. Ford was appointed as the Club’s new Chairman.

    Team background:

    • Livingston FC, originally founded as Ferranti Thistle in 1943, relocated from Edinburgh to West Lothian in 1995 and quickly ascended through all three Scottish football sub-divisions before reaching the Championship division in 2001.
    • More recently, after five consecutive seasons in Scottish Premiership division, Livingston FC relegated to the Championship division in 2024.
    • On May 26, 2025, just one week following Mr. Ford’s purchase, Livingston FC secured an historic victory over Ross County in the Scottish Premiership play-off, overturning a two-goal deficit, to return to the Scottish Premiership division.

    Why it matters:

    • Ford’s acquisition of a controlling stake in Livingston FC represents a strategic investment in one of Scotland’s fast improving football franchises. With a focus on sustainable growth, operational excellence, and brand development, Ford’s leadership is poised to unlock new commercial opportunities, enhance the Club’s competitive standing, and deliver long-term value for stakeholders across the football and local business communities.

    The McDermott cross-border team was led by Tom Conaghan (US), Thomas Ammermann (Germany) and Emelia Clode (UK). Graham White (UK) and Greg Berson (US) provided invaluable assistance to the team.

    Scott Bowman is the relationship partner for Calvin Ford.

    Read Livingston Football Club’s announcement.

    About McDermott’s Family Office Capital & Investment Strategies (FOCIS) Group
    FOCIS is a multi-practice team that draws on the experience of our Private Client, Tax, and Transactional lawyers to provide creative and holistic solutions across all levels of a family wealth structure with respect to direct investing across all industries, including sports and entertainment. We take a comprehensive and multi-level approach to achieve enhanced economic returns through optimal planning for families, returns that might otherwise be lost when working with external advisors with a narrower lens.

    About McDermott’s Sports Law Group

    For more than 30 years, McDermott has represented owners, investors, players, teams, and sports venues across the globe in a wide range of leagues—including the Association of Tennis Professionals (ATP), Major League Baseball (MLB), Major League Soccer (MLS), National Basketball Association (NBA), National Hockey League (NHL), National Football League (NFL), and PGA TOUR. We handle their most critical transactional and non-transactional matters.

    Our experience spans from minority investments in teams to the acquisition and sale of controlling stakes in franchises. McDermott brings deep, cross-disciplinary expertise to bear in addressing complex tax, real estate, intellectual property, and labor law challenges. By leveraging our top-tier M&A, tax, and private client capabilities, we deliver a problem-solving, client-focused approach to the evolving landscape of the sports industry.

    About Us

    Leading organizations turn to global law firm McDermott Will & Emery for a better way to address legal challenges, connect with those at the forefront, and drive stronger outcomes. Working across more than 20 offices globally, our 1,400+ lawyers act on data-driven insights, deep relationships, and unmatched industry experience to deliver on our commitment of Always Better.

    Thomas P. Conaghan

    Partner

    Washington, DC, New York – One Vanderbilt Avenue

    Dr. Thomas Ammermann

    Partner

    Düsseldorf

    Graham White

    Senior Partner

    London – 22 Bishopsgate

    Greg C. Berson

    Partner

    Washington, DC

    Scott A. Bowman

    Partner

    Washington, DC, Miami

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  • Receiverships Are a Powerful Remedy for Lenders

    Receiverships Are a Powerful Remedy for Lenders

    COVERAGE

    Receiverships Are a Powerful Remedy for Lenders

    May 20, 2025

    Read time: 2 min

    About Us

    Scott A. Weinberg

    Partner

    New York – One Vanderbilt Avenue

    Joel C. Haims

    Partner

    New York – One Vanderbilt Avenue

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  • McDermott Represents Driftwood Capital in its $1.2 Billion Portfolio Consolidation

    McDermott Represents Driftwood Capital in its $1.2 Billion Portfolio Consolidation

    DEAL ANNOUNCEMENT / PRESS RELEASE

    McDermott Represents Driftwood Capital in its $1.2 Billion Portfolio Consolidation

    May 20, 2025

    Read time: 4 min

    International law firm McDermott Will & Emery represented Driftwood Capital in the formation of Driftwood USA Hotels Portfolio, LP (the Fund). The Fund was formed to consolidate and recapitalize a $1.2 billion portfolio encompassing 18 flagged hotels with 4,203 rooms across 10 states, including California, Texas, Florida, North Carolina, Utah, and New York. Driftwood has invested nearly $370 million in the hotels and this portfolio in recent renovations and new developments.

    The transaction was capitalized with a $330 million securitized mortgage loan from Wells Fargo encumbering 9 properties and $85 million in preferred equity from Acore Capital investing in eight properties. The project progressed over seven months of work from a multi-disciplinary McDermott team to address all aspects of the transaction, including fund formation, tax structuring, securities issues, mortgage financing, and obtaining investor and lender consents. The financing closed notwithstanding, nearly unprecedented market volatility.

    McDermott regularly advises Driftwood Capital and its affiliates in its financing and refinancing transactions, including a $257 million financing package related to the under-development of the 502-key Westin Cocoa Beach Resort & Spa. A portion of which was a $137 million C-PACE financing – the largest ever done in Florida. McDermott also represents Driftwood’s lending arm, which provides mezzanine loans on hotel properties nationwide.

    The McDermott real estate team was led by Jeffrey Steiner and Scott Weinberg with invaluable assistance from Robert Unger, Megan Vallerie, Mohsen Ghazi, Gary Karch, Danny Min, Robert Mower, Alexis Biegen, Hayley Yandoli and Ed Pisacreta.

    The McDermott investment funds team was led by Ian Schwartz with support from Erica Moscarello, Nate Barnett, Lauren Dehasque, Marina Leary, Adam Schoen, Nana Agyeman Taylor, Heidi Steele, Timothy (Ty) Carson, and Brittany Esser.

    Jeffrey Steiner is the relationship partner for Driftwood Capital.

    About Us

    Leading organizations turn to global law firm McDermott Will & Emery for a better way to address legal challenges, connect with those at the forefront, and drive stronger outcomes. Working across more than 20 offices globally, our 1,400+ lawyers act on data-driven insights, deep relationships, and unmatched industry experience to deliver on our commitment of Always Better.

    Scott A. Weinberg

    Partner

    New York – One Vanderbilt Avenue

    Robert M. Unger

    Partner

    New York – One Vanderbilt Avenue

    Gary C. Karch

    Counsel

    Chicago

    Robert S. Mower

    Counsel

    New York – One Vanderbilt Avenue

    Ian M. Schwartz

    Partner

    New York – One Vanderbilt Avenue

    Erica Moscarello

    Partner

    New York – One Vanderbilt Avenue

    Nathan E. Barnett

    Partner

    Wilmington

    Marina C. Leary

    Associate

    Washington, DC, Wilmington

    Heidi J. Steele

    Partner

    Chicago

    Timothy (Ty) Carson

    Counsel

    Washington, DC

    Brittany T. Esser

    Associate

    New York – One Vanderbilt Avenue

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  • Steve de Pew, Mal Serure and Kevin Sher Describe the Way Forward for SoCal Commercial Real Estate

    Steve de Pew, Mal Serure and Kevin Sher Describe the Way Forward for SoCal Commercial Real Estate

    COVERAGE

    Steve de Pew, Mal Serure and Kevin Sher Describe the Way Forward for SoCal Commercial Real Estate

    May 19, 2025

    Read time: 2 min

    About Us

    Mal E. Serure

    Partner

    Los Angeles, New York – One Vanderbilt Avenue

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  • Office Snapshot: McDermott Goes Sky-High in Dallas

    Office Snapshot: McDermott Goes Sky-High in Dallas

    COVERAGE

    Office Snapshot: McDermott Goes Sky-High in Dallas

    May 19, 2025

    Read time: 2 min

    About Us

    Jason D. Krieser

    Partner

    Dallas

    Shawn C. Helms

    Partner

    Dallas

    David Guedry

    Partner

    Dallas, Houston

    David Genender

    Partner

    Dallas, Houston

    Richard Salgado

    Partner

    Dallas, Austin

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  • Battery storage on the rise – Latest legal developments and current legislative changes

    Battery storage on the rise – Latest legal developments and current legislative changes

    ARTICLE

    Battery storage on the rise – Latest legal developments and current legislative changes

    19. Mai 2025

    Read time: 2 min

    Key takeaways
    Overview

    The high fluctuations in electricity prices, coupled with continuing declines in battery cell prices, are creating an attractive environment for battery energy storage systems (BESS) in Germany. In addition, a developing market for PPAs and tolling agreements is making investments in BESS projects increasingly attractive for infrastructure investors.

    The latest energy reform package from the traffic light coalition has also brought in a number of legislative changes that will further promote the growth of BESS, even if some important issues (including grid connection procedures and building permit requirements) still require further adjustment.

    Learn more about the latest developments and their impact on the future of energy storage in Germany in the full article by Dr. Maximilian Uibeleisen and Dr. Simon Groneberg, published in VDI energie + umwelt, Vol. 02 | 2025 | No. 5-6.

    In depth
    Authors
    More insights