Laura Hoyland is a partner in our global Tax practice based in London.
Laura has a wide range of transactional and advisory experience advising corporate clients on direct and indirect tax aspects of financing and corporate transactions, including asset and share transfers, corporate structuring, accessing the capital markets, securitizations and the granting of alternative capital and bank finance.
Her clients include financial institutions, multi-national companies, private equity houses and sovereign wealth funds. She has advised governments on the crafting of new legislation, in particular, the UK Government on the introduction of a UK withholding tax exemption for privately placed debt.
Laura was seconded for 14 months to Standard Chartered Bank where she specialized in financial services VAT. As a junior lawyer, she spent six months in Moscow and, in summer 2018, was seconded to our Frankfurt office. She advises on UK criminal corporate tax offence prevention procedures, is co-devising policy and procedure to ensure White & Case's compliance with EU tax disclosure rules (DAC 6) and often responds to UK tax authority consultations.
Representation of Encore Capital Group, Inc. on its new US$1.5 billion global funding structure. The transaction involved combining Encore's restricted group with that of its subsidiary, Cabot Credit Management, and included an amended multi-currency revolving credit facility with an increased total commitment of US$1.05 billion, the issuance of €350 million in 4.875% senior secured notes due 2025 by Encore, the consent solicitation of the holders of Cabot's existing £513 million 7.5% senior secured notes due 2023 and €400 million senior secured floating rate notes due 2024 and the amendment and restatement of Encore's private placement notes purchase agreement.
Representation on the structuring of the multi-jurisdictional pre-sale reorganisation and group formation for the $1.6 billion disposal by the Sagol family of the Keter Group to BC Partners and PSP, Israel's largest ever leveraged buy-out
Representation of MOL Hungarian Oil and Gas PLC on its US$1.57 billion deal with Chevron to acquire a 9.57% stake in the Azeri-Chirag-Gunashli (ACG) oil field in the Caspian Sea off Azerbaijan and an effective 8.90% interest in the Baku-Tbilisi-Ceyhan (BTC) pipeline running across Azerbaijan, Georgia and Turkey to port facilities near Ceyhan, Turkey
Representation of Nestlé S.A. on the sale of its 60%stake in Herta to Casa Tarradellas and the creation of a joint venture for Herta with their respective stakes of 40%and 60%
Representation of Anchorage Capital Group LLC, GIC Private Limited and Davidson Kempner Capital Management LP in the sale of their interests in Eir, the principal provider of fixed-line and mobile telecoms services in Ireland, to Toohil Telecom Holdings Limited
Representation of PPF Group on its multi-billion Euro bid to purchase a group of eastern European beer brands, including Czech market leader Pilsner Urquell, from Anheuser-Busch InBev
Representation of Welcome Break group on the acquisition of 35 motorway and trunk road service areas in the UK and representation of Arjun Infrastructure Partners in increasing its investment in the Welcome Break group
Representation of Bridgepoint in its £1 billion bid for the Zenith Group, a leading vehicle leasing, fleet management and vehicle outsourcing business, from Hg Capital
Representation of EPH, the Czech energy group, on numerous matters including its multi-billion Euro disposal of a 30% stake in its infrastructure arm to investors led by MEIF 5, the Macquarie infrastructure fund, and its acquisition from the Centrica group of two combined cycle gas turbine power stations for £318 million
Representation of IFM Investors, an Australian-headquartered global institutional investment manager, on its acquisition of a 40% stake in Mersin International Port, a Turkish commercial port, from the Akfen Group for US$869 million
Representation including structuring and obtaining final approval from the Cyprus Securities and Exchange Commission for the regulation of two investment funds for multi-national cross-sector groups, including a capital reorganization
Representation on a cross-border merger of European packaging operations, back-to-back branch transfers and subsequent amalgamation of branch operations*
Representation as part of a multi-jurisdiction team on the pre-sale reorganisation and transfer of a Bulgarian and Macedonian telecommunications business*
Representation of a German head-quartered asset manager on the UK tax implications and formalities of a holding company merger and subsequent shareholder debt restructure
Representation on the applicability and practical consequences of international information exchange regulations in relation to high net worth individual, corporate and trust global structures
Representation on the UK tax aspects of bank financing, refinancing, private placements and debt restructures (both pre and post IPO), with lending through fund structures such as Canadian limited partnerships and Cayman aggregating platforms
Representation of placement agents, underwriters and issuers in relation to debt and equity capital market transactions, including high-yield bond issues and consent solicitations
Representation and opining on the applicability of the UK securitization companies regime to the RMS 28 securitization by the Kensington Group of debt secured on UK real estate
Representation on the liability to UK taxation in relation to Dutch and Irish securitizations for European investment manager Tikehau and others
*Experience prior to joining White & Case
"FATCA in the UK—securitisation vehicles" LexisNexis, November 2020
"Navigating DAC6" International Tax Report, July 2020
"The UK tax pitfalls of the foreign company" Tax Journal, 29 May 2020 (lead article)
"The Notion of Tax and the Elimination of International Double Taxation or Double Non-Taxation" International Fiscal Association 2016 Madrid Congress UK Branch Report
"Privately placed debt: A new UK withholding tax exemption to stimulate a latent UK private placement market" Financial Instruments Tax and Accounting Review
"Ocean Finance: The death knell for legal formalities in VAT?" Financial Instruments Tax and Accounting Review