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The ‘highly professional, competent and available’ team at Clyde & Co LLP often advises insurers, shipyards and shipowners in high-profile cases dealing with events at sea, ship arrests, construction and insurance coverage matters, with a notable niche in yacht insurance. It is representing the shipyard and its insurers in the proceedings following the sinking of the Estonia. Gildas Rostain is highly recommended and Rozenn Lopin is another name to note.

Holman Fenwick Willan France LLP’s ‘highly responsive and available’ team is recommended for handling complex and multi-jurisdictional matters. The 12-lawyer team deals with a broad range of matters, including events at sea, international trade and commercial matters. Clients include shipowners, shipping companies, P&I clubs and insurers. The firm is representing the owners and P&I club of container ship MSC Flaminia in dealing with the proceedings arising from an explosion on board. It also assisted SNCM with the transfer of ownership of six vessels. Gard and Louis Dreyfus Armateurs are also clients. Practice head Guillaume Brajeux is ‘a great negotiator who fully understands his clients’ needs’. Other names to note are Stanislas Lequette, Stéphanie Schweitzer and Timothy Clemens-Jones, who has ‘great experience and brings UK law expertise’. Associate Vincent Bénézech is ‘brilliant and very competent’.

Ince & Co France SCP’s 15-lawyer team has ‘high-level expertise’, including ‘equal mastery of French and UK law’. The practice ‘is able to deal with a whole range of issues’ and ‘benefits from its international network’. Work covers events at sea, yachting and strong expertise in insurance, commercial matters and maritime construction. The firm recently assisted the charterer in dealing with the aftermath of the rescue of the Modern Express. Key names in the practice include: Jérôme de Sentenac, Gilles Gautier, Mathieu Croix, the ‘wise and practicalAlexandre Besnard, Vy-Loan Olivieri and Freddy Desplanques, who has ‘great technical skills’. Andrew Charlier and senior associate Aymeric de Tapol advise on financing. The firm, which has office in Paris and Le Havre, opened in Marseille in early 2017 with the hire of Fabien d’Haussy and Laurianne Ribes, who previously ran their own practice.

Lewis & Co AARPI provides ‘a top-notch service’. The ‘very responsive and attentive’ team has ‘excellent industry knowledge’ across French and UK law, with experience of handling French and cross-border litigation, including arbitration cases. The practice regularly acts for clients in commercial disputes and vessel arrests. It is currently involved in a headline case in relation with a major maritime casualty. The team is headed by ‘masterfully skilled negotiator’ Lars Lewis. Peter Iglikowski is also highly experienced and is recommended along with Guillaume de Bascher and Leïla Esnard, who has ‘a very professional and proactive approach’.

Reed Smith advises on transport and international trade matters and recently has been busy with port-related matters in Africa. Litigation and arbitration are also dealt with by the very experienced team, which is led by Ana Atallah and Luc Grellet. Counsel Andrew Tetley is also highly involved.

The ‘highly reliable’ team at Richemont Nicolas & Associés combines ‘responsiveness and efficiency and cares for its clients’ commercial needs’. The five-lawyer team deals with a whole range of issues, including events at sea, insurance and arbitration. It is highly involved in ship arrest and cargo work. The practice is led by Henri de Richemont and Christophe Nicolas, whose efficiency and personal commitment are particularly noted.

Villeneau Rohart Simon often advises on events at sea, and also deals with shipyard and insurance matters. Jean-Serge Rohart, Patrick Simon, Benoît Pincemin, Bertrand Coste and Sébastien Lootgieter are the key contacts.

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  • The new French regulation applying to national insurance contributions for managers and shareholders

    French insurance contributions on executive and shareholder remuneration (pay + dividends) have been substantially increased by the National Insurance Funding for 2013 Act, No. 2012-1404, of 17th December 2012. Until 31st December 2012, all dividends were subject to national insurance contributions on unearned income but henceforth, under Article L136-3 of the National Insurance Code, amended by Act No. 2012-1404, certain dividends   are considered as pay received by executives and shareholders and are therefore subject to the national insurance contributions on pay. The Act also abolished the ceiling on health insurance contributions payable by the self-employed and all this means that businesses must rethink the way that they have been structured until now.

    The People's Republic of China has initiated an overhaul of its social security system, reformed the personal taxation regime and has extended the scope of these laws to foreigners residing in China.

    The Kingdom of Morocco is supporting the ambition of becoming the leading financial place for Africa. In this context, a wave of draft laws is to be passed and implemented within the following months, amongst which, the Law No. 53.08, setting up a new financial authority, and the Law No. 54.08, reforming public offering rules, are of paramount importance to Moroccan and foreign issuers, and financial institutions.

    The opportunities offered to foreign investors by the Chinese mergers and acquisitions market are increasing every year: in 2010, transactions involving foreign companies came to 60.1 billion euros, an increase of 21.2% compared with 2009. Seen from the West, where markets are declining, all sectors of the Chinese economy seem to be undergoing promising development and the statistics indicate that the Middle Empire will be a lasting springboard for growth.
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    Le dispositif L’article 1er de la loi de financement rectificative de la Sécurité sociale pour 2011 oblige les sociétés commerciales de 50 salariés et plus, dont les dividendes par part sociale ou par action sont en augmentation par rapport à la moyenne des deux années précédentes, à verser une prime à l’ensemble de leurs salariés

    Types of investors The private equity (PE) funds that are active in Bulgaria are not raised or registered in the country. Some Bulgarian PE funds were raised recently, but there are no statistics as to the sources of their funding, their number, the funds that were accumulated, etc.

  • Landmark decision by French Competition Authority in conditioned LPG case

    cartel case closed after discovery that leniency application was largely based on forgeries and rejection of collective dominant position objection.
  • 2012 supplementary budget

    The second supplementary budget published in the Official Gazette September 19, 2011 provides for two key measures that affect the deferral of tax losses and taxation of capital gains realized on the sale of equity securities .
  • Actualité législative fiscale

    Au delà des mesures applicables à l’ensemble des contribuables (telles que la limitation du report des déficits ou la réforme du mode de calcul des plus values sur cessions de participations),le plan de réduction des déficits annoncé le 24 août dernier par le gouvernement comprend des mesures qui intéressent spécifiquement les acteurs du secteur financier.

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