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Goodman Derrick Expands Market-Leading Collector Car Practice
Goodman Derrick entered this unusual niche market 16 years ago, when Martin Emmison joined the firm, bringing with him his high-value car practice. Since then Martin has documented hundreds of transactions for collectors and dealers. Over the last three years the firm has handled several sales and purchases in the $30 million range, and this year’s deals alone approach $100 million in value. Clients of the practice include collectors from the UK, USA, the Middle East, Australia, Hong Kong, Germany, France, Sweden, Belgium, Italy and Switzerland.
The firm’s collector car group is joined this week by new partner Damen Bennion, an experienced transactional lawyer and a collector of Aston Martin and Porsche. Damen has most recently been principal in-house lawyer at the John Lewis Partnership and prior to that held senior roles at J Sainsbury PLC.
Announcing the expansion of his team, Martin Emmison said:
“This practice is as unique as the cars we are handling. Over the last 16 years we have applied our legal knowledge and passion for cars to help our clients get what they bargained for, a skill that can’t be learnt at college. I am therefore delighted to welcome Damen to the team.”
Damen Bennion added:
“These are exciting times for the collector car world and I’m really pleased to be joining Goodman Derrick’s market leading practice.”
Tanya Shillingford, head of Corporate at Goodman Derrick:
“This investment in Martin’s team shows the importance we attach to maintaining our leading position in this fascinating market and to growing the practice.”
Notes to Editors
Goodman Derrick - Collector Cars
- Goodman Derrick’s specialist collector car group advise on transactions and disputes in the field of collectors cars.
- We regularly handle the sale and exchanges of expensive vehicles, our work often includes advice in relation to issues of title and provenance, deferred payment and security, import, taxation and registration.
- We also help to resolve disputes, which often relate to transactions that were not properly documented, and disputes about dual identity cars, replicas, fakes and recreations; and problems arising from restoration and race preparation.
- The team maintains close working relationships with knowledgeable lawyers in this field in the USA, Australia, Germany, France, Italy, Spain, the Netherlands, Belgium and Switzerland
The Knight Frank Luxury Investment Index offers a "global perspective on prime property and wealth”. In 2014 it showed a strong ten year upward trend for all luxury assets with aggregate vales increasing by 205%. Over that period the index showed that collector cars returned 487%.
Martin Emmison’s clients are a mixture of dealers, brokers, restorers, race preparers and major collectors from all parts of the world, in this specialised but growing area of commercial activity. Martin handles regularly cross border sales and exchanges of very expensive vehicles, and is experienced in the import, taxation and registration issues. Goodman Derrick also handles resolution of the disputes that inevitably arise in this area.
Damen Bennion was previously principal in-house lawyer at the John Lewis Partnership, and was Head of Commercial Law and then Head of Projects at Sainsbury’s, having spent the early parts of his career at law firms Wragge & Co and Clifford Chance. His motoring history is equally blue chip and he has enjoyed a life long passion for classic cars, having owned and competed with an array of different cars including Citroen 2CVs, Aston Martins and many Porsche.
James Caulfield, Head of Business Development, GOODMAN DERRICK LLP
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