Bevan Brittan has appointed social investment legal expert Richard Hiscoke as a Senior Associate in its Corporate team. Richard, who is based in the firm’s Bristol office, joins from Veale Wasbrough Vizards where he worked for eleven years.
Richard has worked for many years advising owner managed businesses, social enterprises and multi-nationals on corporate affairs and governance. He has a special interest and expertise in social investment, group restructuring and reorganisations, share capital structures, and other corporate issues.
Richard led the team advising on the first structured charity bond with a social investment tax relief qualifying element. The £1m raised enabled South Bristol Sports Centre to build six five-a-side soccer pitches and have a social impact on over 1,000 community users a week. It also received the 2016 Social Enterprise UK Social Investment Deal of the Year Award.
Earlier in his career, he was also lead advisor for the establishment of, and governance structures for, regional social investor Bristol & Bath Regional Capital CIC.
Richard has already made an impact in his time at Bevan Brittan, hosting a local banking roundtable at the firm’s offices in which the New Economic Foundation, the Royal Society of Arts (RSA) and Bristol & Bath Capital led a discussion on local stakeholder banks and the role they could play in local economies.
Commenting on joining Bevan Brittan, Richard Hiscoke said: “I am very pleased to have joined Bevan Brittan. There is a good fit between my experience and skillset and the firm’s public sector practice. The firm is recognised for the high quality of its work across public and private sector organisations and I am really looking forward to being closely involved with a range of clients.”
Joanne Easterbrook, Senior Partner at Bevan Brittan, commented: “We are delighted that Richard has joined us. Social investment is an important part of creating successful communities and has much to contribute to regional economies. His expertise in the area, alongside other corporate matters, will be of great value to organisations we work with.”
• How can alternative delivery vehicles help with sustainability, transformation and partnership working? • What are the options? Examples from strategy, community health, pharmacy, and estates and facilities (to be confirmed depending on speakers). • What are the benefits, barriers and challenges of new delivery vehicles in the NHS? • How do you investigate and set up a new delivery vehicle? • What lessons can be learned from the use of new delivery vehicles for other public services? • What support is on offer from the Government to explore your options?
For many years local authorities have entered into corporate joint ventures with private and other public sector partners. Limited liability partnerships have become the favoured vehicle for joint ventures, primarily because of tax transparency and the flexibility of governance arrangements. The case of Gordon Peters v London Borough of Haringey with Lendlease Europe Holdings Limited as an interested party  EWHC 192 (Admin) questioned local authority vires to enter into a corporate JV structured as an LLP. However, the High Court ruled on 8 February 2018 that LLPs can lawfully be used where the local authority's primary or dominant purpose is not a "commercial purpose".
Bevan Brittan has been awarded a place on the legal panel of housing association Riverside, in an appointment that will take effect from April and run for a minimum of three years.
A team at Bevan Brittan led by Richard Hiscoke advised on the sale of the business of Buckinghamshire's rural broadband provider, Aylesbury Vale Broadband (AVB), to Gigaclear, the leading provider of full fibre broadband in rural locations.