The transaction was approved, subject to conditions, earlier in the year and involved the financial and commercial arrangements relating to the acquisition by TUIC of the HL Cruises’ business, including its luxury and expedition fleet, consisting of two five-star plus category luxury vessels and three expedition cruise ships.
Our international tax group has an excellent reputation for advising on high profile, complex and innovative transactions.
Our team of highly experienced commercial tax lawyers regularly work on complex and cross border transactions, especially in our core markets of Energy, Real Estate and Transport, finding innovative solutions to the most complex problems.
We advise on M&A (buy-side and sell-side), financings, joint ventures, reorganisations, disputes and investigations, and general tax consultancy/advisory matters. Our work includes structuring transactions, reviewing and negotiating contracts, due diligence and advising on modelling assumptions, management incentives and post-transaction matters. Our clients include corporations, private equity houses, banks, funds, institutional investors, family offices, management teams and individuals.
A seabed lease agreement for the project has now been signed with the Crown Estate, following the authority’s call for extension applications from 2017, which resulted in seven projects being approved.
With 69 turbines and a total capacity of 175 MW, the new wind farms will produce circa 450 GWh of renewable energy.