Former Jones Day partner Martin Bünning is coming on board with Ashurst’s Frankfurt-based tax team, salving what has been a stinging week of partner exits for the international firm. Mr Bünning’s practice spans a range of tax-related matters, including advice for investors in real estate and other alternative investments, advising on tax structures for open-ended closed funds, and private equity/venture capital matters for domestic and cross-border M&A transactions. He has been a partner with Jones Day since 2011.

Building on strengths 

‘Martin Bünning is exceptionally experienced in advising on the tax aspects of national and cross-border real estate, private equity and corporate transactions,’ said Ashurst Germany managing partner Tobias Krug in a statement from the firm. ‘He is ideally suited to Ashurst given the firm’s strength in these areas and we are confident that he will make a significant contribution to the team.’ Mr Bünning’s hire comes several months after Ashurst’s Frankfurt office lost fellow tax partner Heiko Penndorf to Goodwin Procter.