Picture of Sam Dames

Sam Dames


CMS Cameron McKenna Nabarro Olswang LLP
24 Upper Brook Street
United Kingdom
CMS Cameron McKenna Nabarro Olswang LLP
Cannon Place
78 Cannon Street
United Kingdom
Languages English

Sam Dames is a partner specialising in Tax. She has been with the firm since 1996.

She is primarily involved in the tax aspects of UK and cross-border structured finance, mergers and acquisitions, and general corporate tax including stamp taxes and VAT.

Sam has advised on a wide range of tax issues across a variety of industry sectors, in particular advising clients in the Financial Services, Hotels & Leisure, Infrastructure & Project Finance, Lifesciences and Technology, Media & Telecommunications sectors.  Sam advises on a wide variety of transactions, from the innovation required in order to implement structured finance transactions to the skills needed to marshal due diligence exercises across several jurisdictions on global acquisitions.

Sam is a member of the tax committee of the Quoted Companies Alliance, which focuses on issues for smaller quoted companies.  Sam is also a member of the PPP Forum and The Infrastructure Forum tax groups and the Association of the British Pharmaceutical Industry tax committee.

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Relevant experience

  • Diageo on the UK aspects of the sale of its major wine interests in an agreement with Treasury Wine Estates relating to the US based Chateau and Estate Wines and the UK based Percy Fox businesses for a consideration of USD 552m.
  • Viatel on the sale of its infrastructure and non-Irish enterprise businesses to Zayo Group Holdings, Inc. for approximately EUR 95m involving multiple sellers and a target group covering Ireland, Belgium, UK, France, Netherlands, Germany and Switzerland.  
  • BG on a GBP 562m deal for the disposal of its CATS pipeline business to Antin Infrastructure Partners.
  • MetLife, Inc. on the tax aspects of the disposal of MetLife Assurance Limited (a leading specialist bulk annuity pension provider, with approximately GBP 3bn in assets under management) to Rothesay Life Limited.
  • Unipapel on the acquisition of the Spicers group of companies from DS Smith, the partition of the continental European and UK/Irish businesses and simultaneous sale of the UK/Irish businesses to private equity fund Better Capital.
  • LRG on the sale of a portfolio of 18 full-service UK hotels to Cerberus Capital Management via a combination of asset and share sales and the sale of a portfolio of 21 UK hotels to Kew Green Hotels.
  • Aviva Investors on a groundbreaking transaction to provide GBP £36m of funding for a new energy innovation centre for Cambridge University Hospitals NHS Foundation Trust at Addenbrooke's Hospital.
  • A local Education Partnership (the Thames Partnership for Learning Regeneration) in relation to the innovative Barking and Dagenham social housing project, which won the award for "Best Alternative Deal Structure" at the Partnerships Awards 2013.
  • Various financial institutions on tax efficient methods of dealing with outstanding debt on the refinancing or insolvency of debtors and advising on the tax implications of various borrower restructuring arrangements.
  • Various financial institutions in relation to various (UK and multi-jurisdiction) leasing and structured finance transactions involving shares, securities, real estate, aircraft, ships and films
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1995 - BA (Hons) Law, Cambridge University, Cambridge

1996 - LPC, College of Law, York

1999 - MA, Cambridge University, Cambridge

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Member, the tax committee of the Quoted Companies Alliance. 

Member, the PPP Forum tax group.

Member, The Infrastructure Forum tax group.

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CMS ad­vises Vi­a­tel on the sale of its in­fra­struc­ture...
HM­RC Is­sues Fi­nal Guid­ance on the Cor­por­ate Of­fences of Fail­ure to...
On 30 Septem­ber 2017, the new cor­por­ate crim­in­al of­fences of fail­ure to pre­vent the fa­cil­it­a­tion of both UK and for­eign tax eva­sion (the “New Of­fences”) un­der Part 3 of the Crim­in­al Fin­ances Act 2017 (the “Act”) will come in­to force.
The An­ti­dote - Spring 2014
Tak­ing a look at "pharm­er­ging" mar­kets and the re­sur­gence...
Pro­posed changes to the UK’s Non-Dom­i­cile Tax Re­gime to take ef­fect...
In the af­ter­math of the UK’s snap gen­er­al elec­tion on 8 June 2017, the pro­posed changes to the UK’s non-dom­i­cile tax re­gime (the “Pro­posed Rules”), which were due to come in­to force on 6 April 2017, were dropped from the Fin­ance Bill 2017 (now “Fin­ance Act.
The An­ti­dote - Pre­dic­tions for the Lifes­ci­ences sec­tor...
Con­tin­ued un­cer­tainty sur­round­ing the pro­posed changes to the UK’s...
In the af­ter­math of the UK’s snap gen­er­al elec­tion on 8 June 2017, there is still no con­firm­a­tion as to what will be­come of the pro­posed changes to the UK’s non-dom­i­cile tax re­gime (the “Pro­posed Rules”).
The Chan­cel­lor's Au­tumn State­ment 
The Chan­cel­lor will de­liv­er his Au­tumn State­ment this Wed­nes­day, 23 Novem­ber 2016. Read ex­pert com­ment­ary on how changes to the UK's tax rules may af­fect you from the tax team at CMS to­geth­er with their fu­ture col­leagues from Nabar­ros and Olswang (see be­low.
Pro­fes­sion­al con­duct guidelines in re­la­tion to tax­a­tion
Back­ground On 19 March 2015, HM Treas­ury asked lead­ing UK ac­count­ancy and tax bod­ies to re­view the ex­ist­ing Pro­fes­sion­al Con­duct in Re­la­tion to Tax­a­tion (PCRT) with the aim of strength­en­ing the guid­ance to play a key role in the set­ting of, and en­for­cing, clear.
Im­pend­ing UK In­her­it­ance Tax Changes
In the 2015 Sum­mer Budget, pro­pos­als were an­nounced to change the UK tax re­gime for non-dom­i­ciles. These pro­pos­als were the sub­ject of a con­sulta­tion pa­per Re­forms to the Tax­a­tion of Non-dom­i­ciles: fur­ther con­sulta­tion which was pub­lished on 19 Au­gust 2016.
Tax trans­par­ency - the UK goes the ex­tra mile
Pub­lic Coun­try By Coun­try Re­port­ing The Fin­ance Act 2016 al­lows the Treas­ury to re­quire by reg­u­la­tions that mul­tina­tion­al en­ter­prises (“MNEs”, ie groups with more than £200m turnover and/or more than £2bn of bal­ance sheet total) make pub­lic their Coun­try.