The Legal 500

Within Banking and finance, Elvinger, Hoss & Prussen is a first tier firm,

Although Elvinger, Hoss & Prussen handles the full range of financing mandates, it has been particularly active advising issuers and arrangers on the debt capital markets in the last 12 months. The ‘hands-on and dynamic’ Karl Pardaens advised Deutsche Bank on the issuing and listing of several series of notes by Palladium Securities. Philippe Prussen advised PagesJaunes Finance on its €300m high-yield bond offering. André Hoffmann has ‘broad knowledge of the legal and practical aspects of the Luxembourg banking industry’, and Pit Reckinger is ‘responsive and to the point’. Philippe Hoss is also recommended.

Within Corporate and M&A, Elvinger, Hoss & Prussen is a first tier firm,

The ‘committed and rigorous’ team at Elvinger, Hoss & Prussen has a deeply entrenched reputation as a firm that provides the ‘highest quality’ partner-led advice to private equity sponsors and corporates in some very high-profile M&A mandates. Recent highlights include advising the Quilvest group on merging its two wealth management units in France and Switzerland with Compagnie de Banque Privée, a Luxembourg-based private bank. Philippe Hoss, André Elvinger and Pit Reckinger are recommended.

Within Dispute resolution, Elvinger, Hoss & Prussen is a first tier firm,

Elvinger, Hoss & Prussen has an excellent track record for handling shareholder disputes and private equity-related cases. André Elvinger and Myriam Pierrat recently represented Kredietbank in litigation relating to alleged breaches of bank secrecy. The team also continues to be engaged in Madoff-related cases, as well as other investment funds litigation. Marc Elvinger is also recommended.

Within Employment, Elvinger, Hoss & Prussen is a second tier firm,

Headed by Pierre Elvinger and Léon Gloden, Elvinger, Hoss & Prussen’s employment practice has been particularly active advising clients on the employment issues associated with transfers of undertaking and cross-border mergers. The team continues to advise Banque Havilland on the employment issues associated with the reorganisation of its business. Other clients include Citibank, Oracle, Vodafone and Intelsat.

Within IP and IT, Elvinger, Hoss & Prussen is a third tier firm,

Although the firm does not have a dedicated IP and IT practice, Elvinger, Hoss & Prussen handles such work out of its corporate and commercial, banking and finance, and litigation departments.

Within Insurance, Elvinger, Hoss & Prussen is a third tier firm,

Elvinger, Hoss & Prussen handles insurance matters out of its banking and finance department, including restructurings and takeovers.

Within Investment funds, Elvinger, Hoss & Prussen is a first tier firm,

Elvinger, Hoss & Prussen has ‘excellent knowledge’ of the market and is instructed by a vast number of funds across a range of matters. The team recently advised a Swiss Singapore-based private equity manager in the structuring of a SICAR investing in China district energy funds. The firm is also actively involved at a policy level, both at the European and national level, in relation to the AIFM Directive, and has also advised a number of funds on compliance measures pursuant to the new UCITS IV regime. Gast Juncker gives ‘solid advice’, and Jacques Elvinger has ‘extremely deep industry knowledge’.

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.

Within Real estate, Elvinger, Hoss & Prussen is a first tier firm,

Elvinger, Hoss & Prussen regularly handles a number of headline mandates. As well as continuing to advise AGORA on the development of land previously occupied by the steel industry in the south of the country, the team is involved in the urban development of the ‘area of Aldringen’, located in the heart of the capital. Léon Gloden is praised for his ‘professionalism and availability’ and expertise across a range of real estate matters. Patrick Reuter is particularly well versed at advising on regulated real estate fund structures.

Within Tax, Elvinger, Hoss & Prussen is a second tier firm,

Elvinger, Hoss & Prussen’s Dirk Richter is the main tax contact and recently advised on the listing of Russian food retailer O’Key, in what was one of the first London listings of a Russian group’s Luxembourg holding company since the financial crisis. Richter also provides tax structuring expertise regarding the establishment of funds.