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    01-11-2019

    Eversheds Sutherland advises NOC on its spinout from UKRI

    Eversheds Sutherland has advised the National Oceanography Centre (NOC) on its spinout from United Kingdom Research and Innovation (UKRI).

    NOC, which becomes officially independent of UKRI, today, 1st November, 2019, is part of the UK government’s current policy to create independent research institutes and is thought to be the largest charity set up so far this year.

    As the UK’s centre for excellence for oceanographic sciences, the NOC boasts a large research base in Southampton, two deep ocean ships – RSS Cook and RSS Discovery – and underwater research drones including the infamous Boaty McBoatface.

    The Eversheds Sutherland team was led by corporate education Partner Glynne Stanfield with significant support from Legal Director Stephen O’Reilly (charities) and Principal Associate Morag Roddick (corporate education).

    The project has taken two years to complete and included the transfer of physical infrastructure, IP rights and staff to the newly set up charity.

    Glynne Stanfield said:

    “We are proud to have been involved in such an interesting and intricate project, which comprised so many novel aspects. To have actively been part of and to see the creation of a new independent world class institution at the end of this huge process couldn’t be more satisfying.”

    Professor Ed Hill OBE, founding CEO of NOC, said:

    “We are delighted that the set up of the NOC has been successfully completed. With continued support from UKRI, it will have an integral role to play, serving the interests of the UK and the world more generally. I would like to thank all of the Eversheds Sutherland team for providing invaluable, first class, support and advice. We would not have been able to do it without them and we look forward to receiving their continued support and guidance on future matters.”

    Led by Glynne Stanfield, Eversheds Sutherland also acted on the spinouts and creation of the Francis Crick, Alan Turing and Dementia Research institutes.

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