||Although the tax practice was only established in late 2004, it has already established itself as one of the leading financial services tax practices in the country. Our Tax team is multi-disciplinary and is comprised of a combination of tax, legal and accounting professionals providing a comprehensive range of tax services to domestic and international clients across all areas of international financial services in particular in the areas of Asset Management & Investment Funds, Securitisation and Structured Finance, Private Equity, Capital Markets, Banking, Treasury and Reinsurance working closely with the firm's other practice groups.
Cross border transactions are conducted in conjunction with tax counsel in other jurisdictions based on extensive relationships built up over many years including working closely with our alliance firm Arendt & Medernach on many transactions.
The Tax team has also acted as Irish tax counsel for a number of international private equity promoters. For example in 2008 the group has acted as Irish legal and tax counsel in the financing of the US$2.4 billion acquisition by Japan's largest buyout fund of a Japanese regional bank. The transaction was Japan's biggest bank takeover in recent years.
Finally, the team has advised on numerous investment fund establishments and a multitude of onshore/offshore fund reconstructions and amalgamations as well as restructuring advice in relation to an array of fund service providers.