Hope P. Krebs is an international tax partner and the co-chair of the firm's International Practice Group. Prior to joining Duane Morris, Ms. Krebs was a senior manager of International Tax Services for Ernst & Young LLP and, prior to that, was associated with the New York office of another major national law firm.

Ms. Krebs is the co-author of a Bureau of National Affairs, Inc. Tax Management Portfolio titled 915-1 T.M. U.S. Income Tax Withholding - Foreign Persons and the author of numerous tax articles. She is a frequent speaker on international tax topics at tax conferences across the country.

Ms. Krebs is the immediate past Chair of Multilaw, the Multinational Association of Independent Law Firms, and sits on the Management Committee of this legal network with 9,000 members in more than 150 commercial centers around the world. She has served as President of the British-American Business Council of Greater Philadelphia and continues to serve as a Board member of the organization. She is a member of the Planning Board for the annual Philadelphia Tax Conference.

Ms. Krebs is admitted to practice law in New York and Pennsylvania and before the U.S. Tax Court. She is listed in Chambers USA: America's Leading Lawyers for Business, Who's Who in American Law, Who's Who of American Women and Who's Who in Finance and Industry.

Ms. Krebs is a 1992 graduate of New York University School of Law (LL.M., taxation), a 1987 graduate of Villanova University School of Law (J.D.) and a graduate of Drexel University (B.S., Business Administration).

Representative Matters

  • Represented New Hampshire-based Unitil Corporation (NYSE: UTL) in its sale of $30 million aggregate principal amount of 3.70% senior notes to several well-known insurance companies.
  • Represented Iroko Pharmaceuticals, LLC in connection with a $140 million secured loan facility with CRG, a healthcare investment fund, and the simultaneous pay-off of Iroko's loan facility with another lender.
  • Represented the owners of a test engineering and technical staffing services company in its sale for $39 million.
  • Represented the owners of a furniture retailer with approximately 40 locations in several states in its sale for $42 million.
  • Represented an international public energy services company and its U.S. subsidiary based in Houston in the negotiation and documentation of an amended and restated $75 million senior secured revolving credit facility. Converted the credit facility from a single-lender facility to a $75 million syndicated credit agreement, extended its maturity, added a swingline loan facility and restructured the financial covenants and certain other provisions. Certain of the borrower's international affiliates guaranteed the obligations under the facility.
  • Advised concerning year-end multi-country corporate restructuring for South American investors of $72 million in real estate and other assets, which were located in six jurisdictions (France, Panama, Peru, Massachusetts, Florida and Colorado) and transferred to a new South American holding company.
  • Represented a public company in negotiating and documenting its Fourth Amended and Restated Credit Agreement with a syndicate of lenders, increasing the capacity under the senior secured revolving credit facility from $1.3 billion to $1.8 billion. The entire amount of the facility may be used for loans and letters of credit in certain non-U.S. currencies.
  • Represented a specialty chemical company in closing a $175 million credit facility, comprised of revolving credit, term loan, swing line and letters of credit sub-facilities. The credit agreement contains an accordion feature affording the client the right to increase the revolving credit facility size by $50 million.
  • Represented Voxx International Corporation in its $20 million acquisition, through Newco, a Delaware LLC, of 54 percent of the assets of EyeLock, Inc., a Puerto Rico corporation, and EyeLock Corporation, a Delaware corporation, and a wholly-owned subsidiary of EyeLock, Inc.
  • Represented Quanta Services, Inc. (NYSE: PWR) in the sale of five subsidiaries comprising its fiber optic licensing operations to Houston-based Crown Castle International Corp. (NYSE: CCI) for $1 billion in cash.
  • Acted as sole international legal counsel to JM Financial Securities Limited and Bajaj Finance Limited on Bajaj Finance Limited's Rs. 14.0 billion (US$222 million) sale of its shares in a QIP, including a concurrent private placement to QIBs in the United States.
  • Served as the sole international legal counsel on Capital First Limited's recent sale of Rs. 3,000 million (US $48 million) of its shares in a qualified institutional placement (QIP), including concurrent private placements in the United States and other jurisdictions outside India. The team represented Axis Capital Limited and JM Financial Institutional Securities Limited, the Book Running Lead Managers for the offering.
  • Represented Aurigene Discovery Technologies Limited in its collaboration, license and option agreement with Curis, Inc. for immuno-oncology and selected precision oncology targets.
  • Represented a public international energy services company and its U.S. subsidiary in Houston in the negotiation and documentation of a $50 million secured revolving credit facility.
  • Represented TÜV SÜD in its strategic acquisition of RCI Consultants Inc., located in Houston, Texas.
  • Represented Balchem Corporation in a $450 million syndicated credit facility led by Bank of America.
  • Represented a private investment company focused on casino operators and suppliers in (i) rolling up its various gaming equipment finance businesses, (ii) completing a reverse takeover of a Canadian public shell company, and (iii) completing a public offering of $10 million of common stock and $10 million of secured convertible debentures.
  • Represented a Chicago-based private equity fund in the sale of a Michigan headquartered benefits payments processing services company to an Ohio-based private equity firm.
  • Represented a manufacturer of boilers, generators and heaters in its sale to a private equity company.
  • Represented Iroko Pharmaceuticals, a global specialty pharmaceutical company dedicated to advancing the science of responsible pain management, in securing $75 million in debt financing to support general business operations and the commercialization of Iroko's FDA-approved ZORVOLEX™ (diclofenac), a drug that uses iCeutica Inc.’s proprietary SoluMatrix Fine Particle Technology™ to both reduce the dosage of active ingredients ingested by the patient and accelerate the dissolution of the drug in the patient.
  • Represented a French CAC 40 company in connection with the sale of its wind-to-energy subsidiary for $81 million.
  • Represented a major French CAC 40 company as lender and guarantor in connection with a $230 million project syndicated loan to a wind energy project.
  • Represented the lender in obtaining a $55 million secured financing, consisting of U.S. and Dutch credit facilities, provided to a global transportation company.

Admissions

  • Pennsylvania
  • New York
  • U.S. Tax Court

Education

  • New York University School of Law, LL.M. - Taxation, 1992
  • Villanova University School of Law, J.D., 1987
  • Drexel University, B.S., Business Administration, 1984

Experience

  • Duane Morris LLP, Philadelphia, Pennsylvania
    - Partner, 1998-present
    - Co-Chair, International Practice Group, 2001-present
    - Member, Recruitment and Retention Committee, 2000-2007
  • Villanova University School of Law, Graduate Tax Program, Villanova, Pennsylvania
    - Lecturer in Law, 1995-2007
  • Ernst & Young LLP, Philadelphia, Pennsylvania
    - Senior Manager, International Tax Services, 1997-1998
  • Piper Marbury LLP (now known as DLA Piper), New York, New York
    - Tax Attorney, 1995-1997
  • Varet & Fink PC (formerly Milgrim, Thomajan & Lee PC), New York, New York
    - Tax Attorney, 1990-1995
  • Gordon Hurwitz Butowsky Weitzen Shalov & Wein, New York, New York
    - Tax Attorney, 1987-1990

Professional Activities

  • Activities
  • Multilaw, the Multinational Association of Independent Law Firms
    - Immediate Past Chair, 2017-2018
    - Chair, 2015-2017
    - Management Committee, 2014-present
    - Board of Directors, 2011-present
    - Chair, Finance Committee, 2017-present
    - Chair, Future Conferences Committee, 2012-2015
    - Chair, Pro Bono Mission, 2011-2015

  • British-American Business Council of Greater Philadelphia
    - President, 2011-2013
    - Vice President, Membership, 2005-2011, 2014-2015
    - Board of Directors, 2005-present

  • Philadelphia Tax Conference
    - Planning Board and Executive Committee, 2001-present
  • Chair, "Transfer Pricing 101," Executive Enterprise Institute, Chicago, Illinois, June 20, 2013
  • Chair, "International Tax Bootcamp," Executive Enterprise Institute, Chicago, Illinois, June 18-19, 2013
  • Chair, "International Taxation Bootcamp," Executive Enterprise Institute, New York, New York, June 22-23, 2010
  • Co-Chair, Fifth Annual Inbound Tax Conference, "Current U.S. Tax Planning Strategies for Foreign-Controlled U.S. Companies," Council for International Tax Education, New York, New York, May 13-15, 2002
  • Chair, "Advanced International Taxation - Strategic Planning," Executive Enterprise Institute, Chicago, Illinois, October 17-18, 2001; October 4-5, 2000
  • Chair, "Introduction to International Taxation - Conceptual Bootcamp," Executive Enterprise Institute, Chicago, Illinois, October 15-16, 2001; October 2-3, 2000
  • Associations
  • International Fiscal Association
  • American Bar Association
    - Section of Taxation
    -- Committee on U.S. Activities of Foreign Taxpayers
    -- Committee on Foreign Activities of U.S. Taxpayers
  • New York State Bar Association
    - Tax Section
    -- Committee on U.S. Activities of Foreign Taxpayers

Honors and Awards

  • Listed in Chambers USA: America's Leading Business Lawyers, 2017, 2018

  • Listed in Marquis Who's Who in American Law
  • Listed in Marquis Who's Who of American Women
  • Listed in Marquis Who's Who in Finance and Industry
  • AV Preeminent® Peer Review Rated by Martindale-Hubbell®

Selected Publications

Selected Speaking Engagements

  • 2018

  • "Passive Foreign Investment Companies," Introduction to International Taxation, New York University Summer Institute in Taxation, New York, New York, July 17, 2018

  • "Foreign Income & Asset Reporting After TCJA,"  Pennsylvania Society of Tax & Accounting Professionals, Philadelphia Tri-County Chapter, Springfield, PA, June 5, 2018

  • “Foreign Ownership of U.S. Residential and Investment Properties,” 14th Annual International Estate Planning Institute, co-sponsored by New York State Bar Association and Society of Trust and Estate Practitioners (STEP), New York, NY, March 22, 2018

  • 2017

  • "Tax Considerations of REturning Capital to and From Australia, Austria, Brazil, Canada, China, Ireland, the UK and the USA,”  2017 International Bar Association Annual Conference, Sydney, Australia, October 12, 2017

  • “Passive Foreign Investment Companies,” Eisner Amper LLP Partners and Senior Tax Management, North Brunswick, NJ, May 16, 2017

  • 2016
  • "International Issues for Local Practitioners," Internal Revenue Service 2016 Eastern Pennsylvania Working Together Conference, Penn State Great Valley Conference Center, Malvern, Pennsylvania, May 18, 2016
  • 2015
  • "Challenges of International Tax Compliance Facing Accountants Today," Pennsylvania Society of Tax and Accounting Professionals, BuxMont Chapter, Horsham, Pennsylvania, September 29, 2015
  • "Basics of International Tax Compliance," Introduction to International Taxation, New York University Summer Institute in Taxation, New York, New York, July 21, 2015
  • "U.S. Taxation of Foreign Persons," Introduction to International Taxation, New York University Summer Institute in Taxation, New York, New York, July 20, 2015
  • "International Issues for Local Practitioners," Internal Revenue Service 2015 Eastern Pennsylvania Working Together Conference, Penn State Great Valley Conference Center, Malvern, Pennsylvania, May 20, 2015
  • 2014
  • "Challenges of International Tax Compliance," Introduction to International Taxation, New York University Summer Institute in Taxation, New York, New York, July 22, 2014
  • "U.S. Taxation of Foreign Persons," Introduction to International Taxation, New York University Summer Institute in Taxation, New York, New York, July 21, 2014
  • "International Issues for Local Practitioners," Internal Revenue Service 2014 Eastern Pennsylvania Working Together Conference, Penn State Great Valley Conference Center, Malvern, Pennsylvania, May 22, 2014
  • "By the Numbers – Coping with US Tax Reporting for International Matters," PA Society of Tax and Accounting Professionals, Philadelphia Tri-County Chapter, Springfield, Pennsylvania, May 21, 2014
  • 2013
  • "International Tax Issues," Business Tax Planning Guide, National Business Institute, Philadelphia, Pennsylvania, December 9, 2013
  • "Passive Foreign Investment Companies," Introduction to International Taxation, New York University Summer Institute in Taxation, New York, New York, July 17, 2013
  • "U.S. Taxation of Foreign Persons," Introduction to International Taxation, New York University Summer Institute in Taxation, New York, New York, July 15, 2013
  • "Managing Passive Foreign Investment Company Exposure," International Tax Bootcamp, Executive Enterprise Institute, Chicago, Illinois, June 19, 2013
  • "U.S. Tax issues for Foreign Taxpayers," International Tax Bootcamp, Executive Enterprise Institute, Chicago, Illinois, June 18, 2013
  • 2012
  • "Passive Foreign Investment Companies," Introduction to International Taxation, New York University Summer Institute in Taxation, New York, New York, July 25, 2012
  • "U.S. Taxation of Foreign Persons," Introduction to International Taxation, New York University Summer Institute in Taxation, New York, New York, July 23, 2012
  • "International Issues for Local Practitioners," Internal Revenue Service 12th Annual Eastern Pennsylvania Working Together Conference, Penn State Great Valley Conference Center, Malvern, Pennsylvania, May 17, 2012
  • 2011
  • "International Business Issues," Sax Macy Fromm's 7th Annual Bankers Breakfast, Hanover Marriot, Whippany, NJ, September 27, 2011
  • "Passive Foreign Investment Companies," Introduction to International Taxation, New York University Summer Institute in Taxation, New York, New York, July 13, 2011
  • "U.S. Taxation of Foreign Persons," Introduction to International Taxation, New York University Summer Institute in Taxation, New York, New York, July 11, 2011
  • "International Issues and IRS Global High Wealth Industry Exam Program Panel," Internal Revenue Service 11th Annual Eastern Pennsylvania Working Together Conference, Philadelphia, Pennsylvania, May 18, 2011
  • 2010
  • "Passive Foreign Investment Companies," Introduction to International Taxation, New York University Summer Institute in Taxation, New York, New York, July 21, 2010
  • "U.S. Taxation of Foreign Persons," Introduction to International Taxation, New York University Summer Institute in Taxation, New York, New York, July 19, 2010
  • "A Primer on U.S. Taxation of Non-Residents and Foreign Corporations," International Taxation Bootcamp, Executive Enterprise Institute, New York, New York, June 23, 2010
  • "U.S. Tax Issues in Structuring Foreign Operations," Council for International Tax Education (CITE) Annual Conference Series on U.S. International Tax Reporting & Compliance, Philadelphia, April 19-20, 2010
  • "IRS Enforcement Initiatives - Planning and Coping Strategies for Accountants and their Clients with International Activities," Pennsylvania Institute of Certified Public Accountants - Greater Philadelphia Chapter, Philadelphia, PA, January 20, 2010
  • 2009
  • "By The Numbers - Coping with US Tax Reporting for International Matters," New York University 68th Institute on Federal Taxation, New York, New York, October 19, 2009
  • "Passive Foreign Investment Companies," Introduction to International Taxation, New York University Summer Institute in Taxation, New York, New York, July 15, 2009
  • "U.S. Taxation of Foreign Persons," New York University Summer Institute in Taxation, New York, New York, July 13, 2009
  • 2008
  • "By The Numbers - Coping with US Tax Reporting for International Matters," New York University 67th Institute on Federal Taxation, New York, New York, October 23, 2008
  • "Passive Foreign Investment Companies," Introduction to International Taxation, New York University Summer Institute in Taxation, New York, New York, July 16, 2008
  • "U.S. Taxation of Foreign Persons," Introduction to International Taxation, New York University Summer Institute in Taxation, New York, New York, July 14, 2008
  • "Introduction to International Tax," training program for Amper, Politziner & Mattia PC, New Brunswick, New Jersey, June 18, 2008
  • "U.S. Taxation of Foreign Persons," Introduction to International Taxation, New York University Summer Institute in Taxation, New York, New York, July 16, 2007