Practice & Background

Sophie Donnithorne-Tait advises on all aspects of UK corporate tax, with a focus on financial restructurings, group reorganizations, structured finance arrangements and value added tax. She has particular experience in the tax implications of restructuring UK oil and gas companies.

She works closely with her counterparts in the firm’s U.S. offices and frequently advises U.S. funds on the tax efficient structuring of their investments into Europe.

Representative Matters

Ms. Donnithorne-Tait’s recent engagements include advising:

  • in connection with the financial restructuring and administration of Iona Energy Company (UK) Plc
  • the bondholders of First Oil and Xcite Energy (North Sea oil companies) in relation to financial restructurings
  • the mezzanine lenders in the debt restructuring of Northgate Information Solutions, a privately-owned UK-based software systems group which provides human resources management services
  • Torm A/S, a Danish shipping company listed on Nasdaq Copenhagen, on its inversion to the UK and potential dual listing on the New York Stock Exchange
  • Old Mutual plc and OM Asset Management plc on the IPO, New York Stock Exchange listing, and UK inversion of Old Mutual’s c. $2bn US asset management business
  • Strategic Value Partners and funds managed or advised by them in connection with a senior lender-led restructuring of the Cory Environmental group by way of an English law scheme of arrangement
  • private placement noteholders on the administration sale of the Tensator group, a manufacturer of queuing barriers and systems
  • a major investor on the IPO of Game Digital plc
  • the ad hoc committee of senior noteholders on the debt restructuring of Wind Hellas, a Greek telecommunications operator, in respect of the committee’s successful bid to purchase the company via a prepackaged administration sale
  • the noteholders on the €1.3 billion financial restructuring of the Quinn Group, one of the largest multi-jurisdictional corporate groups in Ireland
  • a U.S.-based distressed debt firm in connection with the restructuring of £500 million of debt in Crest Nicholson Holdings Limited, the parent of one of the U.K.’s largest house-builder groups
  • a major U.S. bank as investor and swap counterparty in a £300 million-equivalent financing of dealer floorplan receivables generated by a major car manufacturer through its U.K. dealer network.

Awards & Accolades

  • Ranked in Chambers UK, Up and Coming for Tax, 2018
  • Legal 500 UK, Corporate Tax, 2017
  • Recognized in International Tax Review’s, Women in Tax Leaders guide, 2017
  • Euromoney Expert Guide: ‘Rising Stars 2017’ listed as a Rising Star for Tax
  • Ranked in Chambers UK, Associates to Watch for Tax, 2014-2016
  • Super Lawyers, Rising Star, 2013-2014