Nicholas Greenacre | White & Case LLP International Law Firm, Global Law Practice
Nicholas Greenacre
Nicholas Greenacre

Nicholas Greenacre

Partner, London

T +44 20 7532 2141

T +44 20 7532 1000

E ngreenacre@whitecase.com

in LinkedIn profile

Nicholas Greenacre is “adept at handling complex international share scheme mandates, especially those with a transatlantic element. He handles a wide range of work for clients drawn from multiple industries.”

Chambers UK 2014

Overview

Nicholas focuses on employee benefits and pensions advice and has experience in a broad range of matters for clients of all sizes, from technology start-ups to global investment banks.

Nicholas is Global Head of the Employment, Compensation & Benefits group and supports clients globally on the design and international implementation of equity and cash-based incentive plans. This work involves investigation and analysis of the securities, tax, foreign exchange, employment, data privacy and e-commerce issues clients may encounter in each country where they operate.

Nicholas has also handled the incentives and pensions aspects on a variety of major corporate transactions, including advising on UK pensions issues in the context of large leveraged buyouts, and the subsequent restructurings and establishment of new equity incentive plans, in preparation for high profile IPOs. In addition, he regularly advises clients on the establishment of management incentive plans in a private equity context.

Nicholas has particular experience advising banks and other financial services companies on the design, implementation and operation of compensation policies and plans. He ensures compliance with the complex rules and regulations on compensation across the European Union deriving from CRD III, CRD IV and AIFMD, including the FCA and PRA Remuneration Codes in the UK.

Active in professional circles, Nicholas is a former Director of the Global Equity Organisation, and a member of the Global Stock Plans Task Force of the National Association of Stock Plan Professionals. He is also a committee member of Share Plan Lawyers and an associate member of the Association of Pensions Lawyers.

Widely recognized for his insight into the latest employee benefits and pensions issues, Nicholas is a noted author on related topics, and regularly speaks at external seminars and conferences.

Bars and Courts

  • Solicitor of England and Wales

Education

  • Diploma in Legal Practice, The College of Law
  • The College of Law
  • BA, Balliol College, Oxford University

Languages

  • English

Experience

Avast Software – Executive incentive arrangements and employment law matters, 2016

Representation of Avast Software, a private equity-backed security software maker, on the purchase of AVG Technologies NV for $1.3 billion in cash, in a bid to add scale and technological depth. Advising on all aspects of the transaction, including the executive incentive arrangements and employment law matters.

City Link – Successful on major national first prosecution of its kind, 2015

Representation of the directors of City Link, the British next day courier company based in Coventry who were found not guilty of a criminal offence under the Trade Union & Labour Relations (Consolidation) Act 1992.

Mediobanca – Takeover of London based, Cairn Capital, 2015

Representation of Mediobanca S.p.A., Italy's biggest publicly-traded investment bank, on its acquisition of Cairn Capital, a UK credit asset manager with US$5.6 billion of discretionary and legacy assets under management, with a further US$9.1 billion of assets under long-term advice.  This was Mediobanca's first foreign acquisition in its 70-year-history.

Intermediate Capital Group Plc – Global review of incentive arrangements, 2015

Representation of Intermediate Capital Group Plc, a British-based specialist asset manager in relation to the operation of equity based incentive arrangements in a number of jurisdictions.

Infinitas – Advising the management team on incentive issues, 2015

Representation of the management team on the sale of the majority stake in Infinitas Learning, a leading pan European educational publisher providing primary, secondary and higher vocational educational material by Bridgepoint to Compass.

Franklin Templeton – Employee share plans, 2015

Representation of Franklin Templeton, the NYSE-listed investment firm, in relation to its suite of employee share plans, including advising in relation to regulatory issues under the European legislation governing how financial institutions are able to compensate their key individuals.

A major global chemicals business – Global Implementation of employee stock option programme , 2014

Representation of one of the world's leading specialty chemicals companies, with roughly 33,000 employees and sales of €13.6 billion, on the design and implementation of the company's employee stock option programme in Germany, Belgium, Austria, the US, China, Japan, Singapore and Brazil.

A Major global investment bank – International tax and regulatory advice, 2014

Representation of a major global investment bank in relation to international tax and regulatory issues linked to the bank's role as trustee of a large number of the employee benefits trusts and global pensions plans they operate for some of the UK's major global investment banks.

ICBC on £462 Million acquisition of a majority stake in Standard Bank Plc, 2014

Representation of ICBC on executive compensation and incentives matters relating to its £462 million acquisition of a majority stake in Standard Bank Plc.

£320 Million Sale of Shares of Sunseeker International (Holdings) Ltd., 2013

Representation of the management team of Sunseeker Yacht Holdings in the sale of Sunseeker International (Holdings) Ltd., a leading manufacturer of luxury yachts, to Dalian Wanda Group Co. Ltd. for £320 million.

Speaking Engagements

"Is Regulation Affecting Equity Plans Around the World Out of Control? What Can be Done to Stop it?", 14 November 2014: Keynote II, Geo Pan-European Regional Event,
Paris
, (speaker)

"FACTA and beyond: The New challenges of Global Tax Reporting", 1 October 2014: NASPP Annual Conference,
Las Vegas
, (speaker)

"How Good Plan Governance Models can be Effectively Replicated and Used in Plan Design", 7 May 2014: GEO Annual Conference,
Miami
, (speaker)

Publications

  • Employee Share Schemes: the International Considerations, a chapter in the UK's leading text book in Executive Compensation, Sweet & Maxwell, 2013, 2014
  • Shooting in the Dark – A review of the implications of the bonus cap, Market Report, December, 2013
  • International Corporate Rescue Overseas Action by UK's Pensions Regulator: An Update, International Corporate Rescue, 2011
  • International Corporate Rescue: The Questionable Reach of the UK Pensions Regulator, International Corporate Rescue, 2010

Awards & Recognition

Legal 500 2016

"Nicholas Greenacre is noted for his good balance of deep technical knowledge and strong commercial acumen."

Legal 500 2016

"Nicholas leads the 'responsive and practical team' at White & Case LLP."

Leading Lawyer, Chambers UK 2015

Employee Share Schemes & Incentives – UK-Wide

Chambers UK 2015

Nicholas "is very good at making complex concepts understandable."

Recommended Lawyer, The Legal 500 UK 2014

Human Resources

The Legal 500 UK 2014

"White & Case LLP has an 'excellent' practice under Nicholas Greenacre, who led advice for a major Chemicals company on the roll-out of an employee stock option plan in multiple jurisdictions – a rarity in the current economic climate."