DLA Piper advises Birmingham City Council on Amey exit deal
DLA Piper’s Leeds office has advised Birmingham City Council in relation to the restructuring of the Birmingham Highways PFI and the settlement of a long-running dispute with outsourcing infrastructure company, Amey. The restructuring involved a settlement to facilitate the exit of the Amey and the implementation of a platform for the future of the Project. DLA Piper acted for the Council on the original procurement which reached financial close in May 2010 and have been supporting the Council on disputes and operational issues since late 2014. This included obtaining a Court of Appeal judgment against the Project’s SPV in relation to the extent of the works obligations and a subsequent summary judgement for the payment of a debt in relation to the appeal judgement in the region of £55 million.
The DLA Piper team was led by projects and Leeds office managing partner, Allison Page, supported throughout by legal director, Carla Hancock, who played a significant role on the transaction and along with Allison acted on the original procurement. Restructuring partner Mark Jackson led on this aspect of the deal supported by partner, Barney Smedley, and senior associate, Ruth Ranton. The wider team consisted of litigation specialists, Paul Stone and Martyn Scott, finance legal directors Laura Gordon and Ben Roden and trainees Lewis Elliott and Hannah MacIntosh.