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Bredin Prat

53 QUAI D'ORSAY, 75007 PARIS, FRANCE
Tel:
Work +33 1 44 35 35 35
Email:
Web:
www.bredinprat.com
Brussels, Paris

France

Administrative and public law
Administrative and public law - ranked: tier 3

Bredin Prat

Bredin Prat has strong regulatory expertise and expertly handles strategic M&A involving the public sector. The practice advised Agence Française de Développement on a strategic partnership with CDC. The three-lawyer team is also representing Uber in challenging French legislation in court. Practice head Yann Aguila is ‘highly experienced and talented’.

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Banking and finance
Banking and finance - ranked: tier 3

Bredin Prat

Bredin Prat has ‘great experience on the borrower side and in corporate lending transactions’. The ‘intellectually flexible and responsive’ team advises many leading corporations as well as some investment funds with the negotiation of large corporate facilities and acquisition finance. It recently assisted Korian with obtaining a €1.3bn credit facility and advised Rothschild & Co on a €110m facility in connection with its acquisition of Banque Martin Maurel. The practice is led by Raphaële Courtier, Samuel Pariente, and the ‘very experiencedKarine Sultan, who is ‘a good guide in determining an acceptable position for all parties to a transaction’.

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EU competition and distribution
EU competition and distribution - ranked: tier 1

Bredin Prat

The ‘outstandingBredin Prat provides ‘exceptional’ services and ‘tailor-made solutions’. The 20-lawyer team is strong in the different areas of competition law at French and EU levels. It is representing Areva before the European Commission regarding the sale of Areva NP to EDF, and successfully represented Uber before the French Supreme Courts (Cour de Cassation and Conseil d’État) regarding the subject of free competition between taxi operators. Air Liquide, Apple and Orange are also clients. The practice includes high-profile figures in Robert Saint-Esteben, Olivier Billard, Marie-Cécile Rameau and Hugues Calvet who ‘combines legal and strategic analytical skills with the punch of a litigator’; the ‘excellent’ Brussels-based Marc Pittie is another name to note. Yelena Trifounovitch and Pierre Honoré were elevated to the partnership.

Leading individuals

Hugues Calvet - Bredin Prat

Olivier Billard - Bredin Prat

Robert Saint-Esteben - Bredin Prat

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Employment
Employment - ranked: tier 1

Bredin Prat

Leading individuals - ranked: tier 1

Pascale Lagesse - Bredin Prat

Bredin Prat has great experience in advising on employment aspects of large M&A transactions, such as assisting GE with the sale of its equipment and receivables finance businesses. Headed by Pascale Lagesse, the 13-lawyer practice is also highly regarded by French and international clients for undertaking major workforce reduction and restructuring projects. Litigation is another area of expertise, in which the practice is handling a key matter regarding employees’ status in relation to new digitally created services. Recently promoted partners Cyril Gaillard and Laetitia Tombarello are recommended along with counsels Nicolas Bouffier, Jérôme Cordier and Alice Mony-Decroix.

Next generation lawyers

Cyril Gaillard - Bredin Prat

Jérôme Cordier - Bredin Prat

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Insolvency
Insolvency - ranked: tier 2

Bredin Prat

Bredin Prat advises investors and distressed companies. The firm is assisting Groupe Flo with its debt restructuring, representing CGMF and the French state in SNCM’s insolvency procedure, and advising Quiksilver on its financial restructuring. Olivier Puech and Nicolas Laurent are leading names.

Leading individuals

Olivier Puech - Bredin Prat

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Mergers and acquisitions
Mergers and acquisitions - ranked: tier 1

Bredin Prat

With more than 50 lawyer involved, Bredin Prat has one of France’s largest and most highly regarded teams, which is routinely involved in the most strategic transactions. The practice is advising Areva on the restructuring and planned sale of Areva NP, as well as acting for Darty on the French aspects of its proposed acquisition by Fnac. The firm also completed several very large transactions in the US, such as assisting Air Liquide with its acquisition of Airgas. GE and Danone are also clients. The team contains numerous high-profile figures including Didier Martin, Patrick Dziewolski, Sébastien Prat, Olivier Assant and Benjamin Kanovitch. Also recommended are: Alexander Blackburn, Sophie Cornette de Saint Cyr, Barthélémy Courteault, Emmanuel Masset and Kate Romain. Clémence Fallet was promoted to partner.

Leading individuals:

Benjamin Kanovitch - Bredin Prat

Didier Martin - Bredin Prat

Olivier Assant - Bredin Prat

Patrick Dziewolski - Bredin Prat

Sébastien Prat - Bredin Prat

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Tax
Tax - ranked: tier 1

Bredin Prat

Bredin Prat is the market’s leading reference for M&A-related tax advice. Highlights included advising Air Liquide on its acquisition of Airgas and acting for General Electric on the sale of its equipment finance and receivables finance businesses in France and Germany. The 20-lawyer team also handles high-profile litigation. Yves Rutschmann heads the practice, in which Renaud Streichenberger, Sébastien de Monès, Pierre-Henri Durand, Edouard Sicot and Julien Gayral are all recommended.

Leading individuals

Pierre-Henri Durand - Bredin Prat

Renaud Streichenberger - Bredin Prat

Yves Rutschmann - Bredin Prat

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France: Capital markets

Debt
Other recommended firms - ranked: tier 1

Bredin Prat

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Equity
Capital markets: equity - ranked: tier 2

Bredin Prat

Bredin Prat routinely advises large French corporations on capital increases and also assists issuers during IPOs, including advising Direct Energie during its IPO. The key figures are practice head Olivier Saba, Barthélémy Courteault and Patrick Dziewolski.

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France: Dispute resolution

Commercial litigation
Dispute resolution: commercial litigation - ranked: tier 1

Bredin Prat

Bredin Prat represents prominent clients in commercial and corporate disputes. The firm was recently involved in two very sensitive class actions. Sylvie Morabia, Jean-Daniel Bretzner, Sébastien Prat and Florian Bouaziz are high-level litigators.

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International arbitration
Dispute resolution: international arbitration - ranked: tier 2

Bredin Prat

Bredin Prat handles a large commercial and investment caseload, often involving heavy financial claims. The 18-lawyer team is representing several Middle Eastern state entities, as well as many French and international companies and investors. In two ongoing ICSID arbitrations, it is acting for the Kingdom of Jordan against Orange regarding the renewal of a telecoms licence and is counsel to the Lebanese Republic in a case opposite a German investor. Egypt and Croatia are also sovereign clients. Louis-Christophe Delanoy, Raëd Fathallah, Tim Portwood and José María Pérez are the key figures.

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Stock market litigation
Dispute resolution: stock market litigation - ranked: tier 1

Bredin Prat

Bredin Prat has extensive experience handling stock market litigation and was recently involved in several of the market’s recent leading cases. The practice also represents its clients before the AMF’s Enforcement Committee. Eric Dezeuze, Sylvie Morabia, Sébastien Prat and Florian Bouaziz are some of the market’s top advisers.

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White-collar crime
Dispute resolution: white-collar crime - ranked: tier 1

Bredin Prat

Bredin Prat is involved in the market’s most strategic and sensitive cases in the financial services, stock market, commercial and tax spaces. The firm represents several banking institutions, leading companies and their executives. Eric Dezeuze ranks among France’s most brilliant criminal lawyers.

Leading individuals

Eric Dezeuze - Bredin Prat

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France: Private equity

LBO
Other recommended firms - ranked: tier 1

Bredin Prat

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Legal Developments in France

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • 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.
  • CHINA - PERSONAL TAXATION AND SOCIAL SECURITY : CHINESE AND FOREIGN NATIONALS ON AN EQUAL FOOTING

    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.
  • MOROCCO TO BECOME THE LEADING FINANCIAL PLACE IN AFRICA

    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.
  • ACQUISITIONS IN CHINA : ASSET OR SHARE DEAL?

    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.
  • Prime de Partage des Profits

    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
  • BULGARIA MARKET OVERVIEW

    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.
  • RECENT DEVELOPMENTS REGARDING COMMITMENTS

    THE PROCEDURE IS CLARIFIED, BUT MAY COMMITMENTS APPLY WITHOUT LIMIT?
  • 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.