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Simmons & Simmons has a small tax team in Germany with one partner, Heiko Stoll, and two associates, covering indirect, corporate and disputes matters. It acts as a support practice to both the firm's national and international network, assisting ... [more]

Simmons & Simmons has a small tax team in Germany with one partner, Heiko Stoll, and two associates, covering indirect, corporate and disputes matters. It acts as a support practice to both the firm's national and international network, assisting on cross-border work, and has a number of big-name financial clients it is looking to develop itself.

Stoll and Martin Schuh have been advising an international credit institution on a number of structuring projects, including securities lending and tax efficient uses of loss carry-forwards advice.

In indirect work, the two lawyers are advising an insurance company in a case regarding €3 million-worth of VAT reductions, while in disputes a US company has sought the firm's counsel regarding the coordination of voluntary declarations for tax offices, intensive work that included more than 50 employees of the company and which was completed in just nine months.

The tax department at Simmons & Simmons is led by Michele Citarella who leads a team of two fee earners.The firm has increased its work in tax litigation including advising on tax settlement solutions with the tax authority.The team regularly works with ... [more]

The tax department at Simmons & Simmons is led by Michele Citarella who leads a team of two fee earners.

The firm has increased its work in tax litigation including advising on tax settlement solutions with the tax authority.

The team regularly works with financial institutions on an international and national level. The firm's key clients include Barclays, Deutsche Bank, Royal Bank of Scotland and Banca IMI.

Ernesto Caso is providing assistance to Luxottica on tax aspects relating to a significant welfare project that is being implemented by the company. This is among the biggest cases in the country to involve welfare initiatives.

On further notable deals, Citarella and Luisella Quadrelli advised Farmafactoring on tax issues related to a securitisation transaction. The team also advised Banca IMI on a financial transaction involving a series of international parties.

Other work included advising the Emira Group on VAT issues related several real-estate acquisitions.Simmons & Simmons is active on a wide range of domestic and cross-border tax issues, with a particular focus on banking, capital markets and financial ... [more]

Other work included advising the Emira Group on VAT issues related several real-estate acquisitions.

Simmons & Simmons is active on a wide range of domestic and cross-border tax issues, with a particular focus on banking, capital markets and financial services.

Silvia Jiménez, from Deloitte, joined the Madrid practice, led by Juan Sosa Pons-Sorolla, and the firm plans to increase the size of the team further in the short to midterm.

The team has been active on a range of tax structuring deals in the context of employment terminations. This area of work has kept the firm busy over the past 12 months, with work coming from large financial sector clients with operations in Spain, in particular.

Over the past year, Simmons & Simmons increased its focus on the asset management sector. It has added more clients in the hedge fund business in the past few years. These businesses have provided a steady stream of work that usually requires complex and innovative advice.

A client of Simmons & Simmons, a major player in the City of London has high praise for the tax team. "They provide very high quality work, with a high degree of partner involvement, working to solve complex issues in a pragmatic way. I think that their ... [more]

A client of Simmons & Simmons, a major player in the City of London has high praise for the tax team. "They provide very high quality work, with a high degree of partner involvement, working to solve complex issues in a pragmatic way. I think that their commercial sense, flexibility of approach and responsiveness is excellent, and they are effective project managers."

The team is led by Nick Cronkshaw, who oversees five partners and eight fee earners that work in a multidisciplinary manner to cover all tax practice areas. Cronkshaw himself is respected by both peers and clients, as one said: "Nick Cronkshaw leads the Simmons team and is indefatigable, incredibly easy to deal with and a very highly skilled lawyer whom I would highly recommend."

"Simmons is very strong on funds, and funds tax. Good quality," commented one partner.

Among the numerous mandates the firm has been working on this year was the advice required by AnaCap Credit Opportunities, including the establishment and structuring of a distressed debt fund worth $450 million.