We advised Maxwell Oil Tools in connection with a re-financing, whereby a new joint-venture partner as brought in and the operations of the group's subsidiaries moved to Germany. The international nature of the business required the co-ordination of multiple stakeholders, as well as overseas legal advice. The relevant subsidiaries are Maxwell Oil Tools (North Sea) Limited, Maxwell Oil Tools GmbH, Maxwell Oil Tools Italy Srl and Maxwell Oil Tools LLC.
We were instructed in this matter, because of a long-standing relationship with the team at Brodies who have acted for the principal shareholder in many corporate matters. The client trusted the team and recognised that our pragmatic user-friendly approach was what they wanted for their internal team on what could, at times, be a complex and demanding project for them. They understood that our level of experience and no-nonsense project management could get the job done, notwithstanding the geographical spread of their footprint.
Key highlights
- This matter was cross-jurisdictional, including England and Wales, Scotland, Germany, Italy and the USA.
- It enabled us to showcase our core UK corporate law skillset, as well as our project management capabilities.
We found the practical no-nonsense support of Brodies to be a great help in our transaction. There were various international legal elements which they project-managed for us and they got the job done. Using a law firm based in Scotland presented no obstacles to us, despite the fact that our stakeholders in the transaction were in Germany, Switzerland and elsewhere internationally. Dave Levie, Maxwell Oil Tools
Outcome
The transaction provided the client group with a corporate structure that will enable them to pursue further global expansion in their target markets.
It demonstrated our ability to support international clients with whom we have established trusted-adviser relationships across their global footprint (with specific overseas legal advice, where required).
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