Mr. Brown is acknowledged for adopting a "pragmatic approach" and providing clients with "realistic advice".Chambers UK 2014

Stephen M. Brown

London
  • 99 Bishopsgate
  • London EC2M 3XF
  • United Kingdom
 
 

Stephen Brown, a partner in Latham & Watkins’ London office, leads the Benefits, Compensation and Employment (BCE) Practice in London, and is global Co-chair of the firm’s BCE Practice.

Employment and share-based incentives, including at an international level:

  • Sale and purchase of business
  • Transfers of undertakings
  • Change management and downsizing projects
  • Executive recruitment and severance
  • Employee consultation

He also advises extensively on stock options and other forms of share-based compensation, including international aspects of stock-based incentivization and tax-efficient management incentives for private equity-sponsored companies.

Mr. Brown's matters have included advising:

  • Diageo plc on international executive employment issues
  • Carlyle and other private equity sponsors on tax-efficient structuring of management incentive plans for a number of their high-profile portfolio companies
  • Time Warner on the grant of stock options to employees in its European and Asian subsidiaries
  • A leading global sports apparel company on the application of the Prospectus Directive to its international stock purchase plans
  • Lloyds Banking Group and other leading financial institutions on the renegotiation of multi-jurisdictional outsourcing projects, including those involving employees in the UK, Europe and Far East
  • Yahoo! on the HR, stock option and employment aspects of its purchase of Maktoob.com, the largest internet portal operator in the Middle East. The deal was both an asset and stock purchase. He advised on the assumption of various stock options and the cash cancellation of those stock options, the transfer of employees in Dubai, Jordan, Egypt, KSA and Kuwait and the harmonization of terms and conditions of employment
  • Yucaipa on the employment and management incentive aspects of its purchase of Soho House group
  • Zipcar on its acquisition of Streetcar; and OpenTable on its acquisition of Toptable
  • Emaar Hotels & Restaurants on its High Court litigation with a former executive
  • Carlyle on the European employment, benefits and unions/works council issues in relation to its acquisition of Ortho-Clinical Diagnostics from Johnson & Johnson
  • Manchester United plc on the implementation of its Company Share Option Plan
  • A global pharma company on the downsizing of its consumer healthcare division
  • The Carlyle Group and The Nature’s Bounty Co. on the £1.77 billion sale of Holland & Barrett, one of Europe’s largest health and wellness retailers
 
 
 
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