The Legal 500

Arendt & Medernach

14, RUE ERASME, 2082 LUXEMBOURG
Tel:
Work +352 40 78 78 1
Fax:
Fax +352 40 78 04
Web:
www.arendt.com
Email:

What we say about the firm's legal practice in Luxembourg

Banking and finance

Within Banking and finance, Arendt & Medernach is a first tier firm,

Arendt & Medernach provides ‘extensive and in-depth’ advice to banks, funds and corporates across the spectrum of transactional and regulatory work. The team advised and assisted various banks and PFS in their establishment and authorisation process in Luxembourg. The practice has also handled a raft of acquisition finance for lenders throughout the capital structure. Philippe Dupont and Ari Gudmannsson both have an excellent reputation for structured finance matters. Founding partner Paul Mousel is also recommended.

Corporate and M&A

Within Corporate and M&A, Arendt & Medernach is a first tier firm,

Arendt & Medernach advises a range of corporates, financial institutions and sponsors across the full spectrum of corporate transactions. Guy Harles has an excellent reputation on the private equity side, and recently represented a major private equity sponsor on the sale of its majority stake in a European juice maker. Jean-Marc Ueberecken is more active advising on industrial M&A transactions.

Dispute resolution

Within Dispute resolution, Arendt & Medernach is a first tier firm,

Arendt & Medernach handles a significant amount of sophisticated litigation on behalf of its ‘top-notch’ roster of corporate and banking clients. Recent highlights include achieving favourable settlements for a bank in a range of liability actions commenced for an alleged mismanagement of client monies. The team is also representing a foreign claimant in an enforcement action against a sovereign bond issuer. François Kremer handles a broad range of corporate and commercial disputes, and Christian Point specialises in real estate and construction litigation.

Employment

Within Employment, Arendt & Medernach is a first tier firm,

Arendt & Medernach represents clients from a broad array of industry sectors, although it is best known for its work on behalf of banking and industrial sector clients. The team is involved in M&A schemes and related restructuring measures, in addition to collective dismissals and social plans. Louis Berns is recommended.

IP and IT

Within IP and IT, Arendt & Medernach is a first tier firm,

Arendt & Medernach is very well regarded for IP litigation and also has significant capability within the IT arena. Recent litigation highlights include representing a car manufacturer in a trade mark dispute. On the non-contentious side, the firm often handles the IP elements related to M&A transactions, and also licensing work. Héloïse Bock heads the team and handles a broad spectrum of IP and IT matters.

Insurance

Within Insurance, Arendt & Medernach is a first tier firm,

Arendt & Medernach has ‘good knowledge of the insurance sector’ and acts for the full spectrum of players in the field across a range of regulatory, M&A and litigation. The team recently advised a major North American group on a project for establishing its European life insurance operations in Luxembourg. Transactional insurance specialist Carine Feipel has ‘a great level of practice and knowledge’, and founding partner Paul Mousel has unrivalled experience of the financial services industry.

Investment funds

Within Investment funds, Arendt & Medernach is a first tier firm,

The best for work in the investment funds arena’, Arendt & Medernach provides a full service for the structuring and formation of regulated and unregulated funds including UCITs, real estate and private equity funds, and also acts on subsequent investments. ‘Very accomplished within the UCIT field’, the team is representing a French-based investment company in the creation of an exchange tracking fund, as well as in relation to the expansion of its range of Luxembourg UCITs. Claude Kremer, Claude Niedner, Isabelle Lebbe and regulatory specialist Michèle Eisenhuth are recommended.

Legal market overview

Within Legal market overview,

The status quo remains largely unchanged for the leading firms in the market. Traditional independent Luxembourg firms Arendt & Medernach and Elvinger, Hoss & Prussen excel in most areas of law, while UK ‘Magic Circle’ firms Allen & Overy Luxembourg, Linklaters LLP and Kremer Associés & Clifford Chance are a natural choice on many of the more sophisticated mandates in the market, particularly those requiring a significant cross-border element. Although there has been limited disruption in the market, Bonn Schmitt Steichen split up, and two new firms were created, namely Bonn & Schmitt and Bonn Steichen & Partners.

Real estate

Within Real estate, Arendt & Medernach is a first tier firm,

At Arendt & Medernach, real estate work is handled by a multidisciplinary group with lawyers deployed from the banking, investment funds, tax, administrative, and property and construction groups. The team handles a broad scope of work for domestic and international clients including structuring investment vehicles, financing, planning and litigation. The team is advising a Luxembourg-based developer on the development of a large office, residential and retail building complex. Claude Niedner and tax partner Eric Fort are recommended.

Tax

Within Tax, Arendt & Medernach is a first tier firm,

As befits a firm that benefits from very strong corporate and finance practices, a substantial amount of Arendt & Medernach’s tax work relates to the structuring of transactions, new money financings and restructurings. The team is also integral to the firm’s investment funds structuring work. Thierry Lesage and Eric Fort both have a prominent reputation in the market.


Legal Developments by:
Arendt & Medernach

Legal Developments in Luxembourg

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • Towards a stronger enforcement of competition law in Luxembourg from 1 February 2012

    Seeking to improve the efficiency of its Competition authority, the Grand Duchy of Luxembourg adopted last 23 October 2011 a new competition law.
  • Luxembourg Alternative Investment Funds

    Asset Classes - Hedge; Real Estate; Private Equity; Venture; Mezzanine; Infrastructure
  • New Germany - Luxembourg double tax treaty signed

    On 23 April 2012, the Grand Duchy of Luxembourg and the Federal Republic of Germany signed a new double tax treaty (the "New Treaty") which will replace the double tax treaty currently in force dated 23 August 1958. The New Treaty basically follows the provisions of the OECD Model Tax Convention, but certain specific provisions have been added.
  • Tax Update April 2012

    Our April tax update highlights the latest important changes in Luxembourg tax law, including the enactment of the law relaxing the conditions to be met in order to benefit from the SPF tax status. Other topics include inter alia recent case law on the exemption of income deriving from the sale of preferential subscription rights and the first decisions of the Luxembourg administrative courts relating to the exchange of information upon request based on the law of 31 March 2010.
  • European Commission publishes AIFMD level 2 implementation proposals

    The European Commission’s proposals for level 2 implementation measures for the Alternative Investment Fund Managers Directive has been circulated to European Union member states and to the European Parliament. The Commission’s draft has prompted criticism from hedge fund managers quoted in media reports and from a hedge fund industry body, the Alternative Investment Management Association, that in certain areas its proposals differ significantly from those put forward by the European Securities and Markets Authority (Esma) in its advice delivered to the Commission on November 16.
  • Luxembourg’s amended SIF law comes into force

    Luxembourg’s legislation amending the February 2007 law on Specialised Investment Funds came into force on April 1, following publication in the country’s official gazette, the Mémorial, on March 30. It is now identified as the law of March 26, 2012, the date on which it received royal assent.
  • ESMA refines proposed framework to deal with complexity of ETFs and other Ucits

    The European Securities and Markets Authority has published on January 30 a consultation paper proposing future guidelines for exchange-traded funds established as Undertakings for Collective Investment in Transferable Securities and other issues related to the Ucits regime. The Esma proposals cover both physical ETFs, which replicate the performance of stock, bond, commodity, currency or other indices by holding shares or other securities in the proportions that make up the index in question, or a sample thereof, and synthetic ETFs, which use swap transactions to obtain the economic performance of the index, using a basket of securities as collateral.
  • Publication of the new law on SIFs

    The law of 26 March 2012 amending the law of 13 February 2007 relating to specialised investment funds (“SIFs”) was published today in the Mémorial A-063 and will enter into force on 1 April 2012. 
  • ACCOUNTING ASPECTS

    I. Law of 10 December 2010 relating to the introduction of the International Financial Reporting Standards (IFRS) II. Grand-Ducal Regulation of 14 December 2011 relating to the procedure for filing financial information electronically with the Luxembourg Trade and Companies Register
  • ESMA launches discussion paper on AIFMD technical standards

    The European Securities and Markets Authority has published on February 23 a discussion paper on key concepts of the Alternative Investment Fund Managers Directive and types of alternative fund manager to initiate a consultation process aimed at finalising its policy approach.