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Freshfields Bruckhaus Deringer LLP

601 LEXINGTON AVENUE, 31ST FLOOR, NEW YORK, NY 10022, USA
Tel:
Work +1 212 277 4000
Fax:
Fax +1 212 277 4001
Web:
www.freshfields.com
Abu Dhabi, Amsterdam, Beijing, Berlin, Brussels, Dubai and 21 more

United States: Antitrust

Cartel
Cartel - ranked: tier 4

Freshfields Bruckhaus Deringer LLP

Domestic and multi-jurisdictional cartel investigations are areas of strength at Freshfields Bruckhaus Deringer LLP, where the antitrust team is led by Paul Yde. The group draws work from clients across a wide range of sectors, such as healthcare, financial services and aviation. Yde is the lead adviser to United Airlines in a DOJ investigation and associated civil litigation connected with an alleged conspiracy with other US airlines over price-fixing and seating capacity. Bruce McCulloch, Tom Ensign and of counsel Terry Calvani are among other key individuals, as is recently promoted partner Mary Lehner.

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Civil litigation/class actions
Civil litigation/class actions - ranked: tier 4

Freshfields Bruckhaus Deringer LLP

Freshfields Bruckhaus Deringer LLP’s US team, which is based across Washington DC and New York, operates as part of a worldwide network, making it well positioned in domestic and international antitrust investigations, associated civil litigation and merger reviews. US antitrust practice head Paul Yde and senior associates Hiram Andrews and Craig Minerva are representing United Airlines in both a DOJ investigation and in a related MDL arising from an alleged conspiracy among four domestic airlines to raise prices through restricting seating capacity. In other matters, Bruce McCulloch recently successfully concluded the defense of Vita Group in the polyurethane class action litigation, while counsel Richard Snyder acted for Hachette Book Group in a number of follow-on actions arising from investigations by the DOJ and state attorneys general into e-books price-fixing. Tom Ensign acts for clients from numerous industries, including agriculture, healthcare and private equity. Other recommended individuals are recently promoted partner Mary Lehner and of counsel Terry Calvani. All named attorneys are based in Washington DC.

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Merger control
Merger control - ranked: tier 3

Freshfields Bruckhaus Deringer LLP

Freshfields Bruckhaus Deringer LLP’s team, under the leadership of Paul Yde, is ‘thorough, reliable and pragmatic’. The ‘insightful and responsiveTom Ensign and Bruce McCulloch are particularly highly regarded. A notable feature of the group is its combined government and private practice experience; recently promoted partner Mary Lehner, of counsel Terry Calvani and senior associates Jan Rybnicek and Justin Stewart-Teitelbaum all held senior roles at the FTC. Recent highlights include Yde and Lehner leading on the global merger control aspects of Rexam’s $7.2bn by Ball Corporation. In another matter, Richard Snyder and counsel Robert Schlossberg were part of a cross-border team which assisted Anheuser-Busch InBev with obtaining multi-jurisdictional clearances of its $108bn acquisition of SABMiller. All named attorneys are based in Washington DC.

Leading lawyers

Paul Yde - Freshfields Bruckhaus Deringer LLP

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United States: Dispute resolution

Corporate investigations and white-collar criminal defense
Corporate investigations and white-collar criminal defense - ranked: tier 4

Freshfields Bruckhaus Deringer LLP

Freshfields Bruckhaus Deringer LLP’s New York-based team, led by Aaron Marcu, played key roles in a number of very high-profile investigations, and several of the world’s largest financial institutions are among its clients. Marcu serves as anti-money laundering compliance monitor to MoneyGram International. Adam Siegel represented Bristol-Myers Squibb in DOJ and SEC FCPA investigations that resulted in a declination of criminal prosecution. Olivia Radin is especially active in representing banks, as is the highly regarded Kimberly Zelnick, whose clients include HSBC Holdings. Daniel Braun joined the firm’s Washington DC office in April 2016 after leaving the DOJ.

Leading lawyers

Aaron Marcu - Freshfields Bruckhaus Deringer LLP

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General commercial disputes
General commercial disputes - ranked: tier 5

Freshfields Bruckhaus Deringer LLP

Extremely knowledgeable in complex litigation’, Freshfields Bruckhaus Deringer LLP’s US dispute resolution department is split across its New York and Washington DC offices and forms part of the firm’s global litigation network. Aaron Marcu leads the team, which includes key litigators Timothy Harkness, Linda Martin and Gabrielle Gould. Marshall Fishman left for Goodwin in January 2017.

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International arbitration
International arbitration - ranked: tier 1

Freshfields Bruckhaus Deringer LLP

The ‘pre-eminent’ five-partner practice at Freshfields Bruckhaus Deringer LLP provides ‘an exceptional service’ and ‘immediate responses’. It is noted for its expertise in energy, natural resources, mining and construction disputes. It is acting for Burlington Resources, a subsidiary of ConocoPhillips, in an expropriation claim against Ecuador arising out of a dispute involving a 99% tax on windfall profits and successfully represented Crystallex International Corporation in an investment treaty claim against Venezuela arising from the expropriation of one of the largest untapped gold mines in the world. It also successfully represented Engie, Aguas de Barcelona and Interagua in an arbitration under the France-Argentina and the Spain-Argentina BITs regarding the expropriation of a water and wastewater treatment concession in Argentina. Tenaris, Johnson & Johnson and Total are other clients. Key names in Washington DC include the ‘eloquent’ and ‘pragmaticNigel Blackaby, who is US and global head of international arbitration, and the ‘well-prepared and client-orientatedCaroline Richard, who was promoted to partner in 2016. In New York, Brian King has ‘tremendous advocacy skills’, Latin America practice co-head Noiana Marigo has ‘solid knowledge’ and Elliot Friedman is ‘first rate’.

Leading lawyers

Brian King - Freshfields Bruckhaus Deringer LLP

Nigel Blackaby - Freshfields Bruckhaus Deringer LLP

Next generation lawyers

Caroline Richard - Freshfields Bruckhaus Deringer LLP

Elliot Friedman - Freshfields Bruckhaus Deringer LLP

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International litigation
International litigation - ranked: tier 2

Freshfields Bruckhaus Deringer LLP

The ‘exceptional’ litigation team at Freshfields Bruckhaus Deringer LLP is ‘excellent in cross-border matters’ and advises global clients on white-collar defense as well as complex commercial, securities and antitrust litigation. In New York, practice head Aaron Marcu is leading work for MoneyGram International alongside colleagues from ten offices worldwide on anti-money laundering compliance matters. Co-head of the global investigations practice Adam Siegel, also based in New York, is defending Bristol-Myers Squibb on a Foreign Corrupt Practice Act (FCPA) investigation conducted by the DOJ and the SEC relating to issues in sales and marketing practices and relationships with officials outside the US. Tim Harkness, who also operates out of New York, has ‘a no-nonsense approach to litigation’ and is leading advice to an international trust structure administered out of Monaco in alleged subsequent transfers in a Madoff clawback action. In New York, Olivia Radin and Kimberly Zelnick are also recommended. In Washington DC, former deputy chief of the fraud section of the criminal division at the DOJ Daniel Braun joined the firm, and counsel Nabeel Yousef joined from Latham & Watkins LLP. Marshall Fishman joined Goodwin in early 2017.

Next generation lawyers

Kimberly Zelnick - Freshfields Bruckhaus Deringer LLP

Olivia Radin - Freshfields Bruckhaus Deringer LLP

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International trade
International trade - ranked: tier 4

Freshfields Bruckhaus Deringer LLP

Led by Kimberly Zelnick out of New York, Freshfields Bruckhaus Deringer LLP provides a ‘knowledgeable and responsive’ one-stop-shop service to multinational clients appreciative of the firm’s international network and ability to provide ‘global advice related to sanctions and export controls’. Counsel Anahita Thoms has a ‘hands-on approach’ and an ability to propose ‘practical solutions’, particularly in matters arising at the intersection of US and EU trade and data protection laws. On the transactional front, Washington DC-based of counsel Robert Schlossberg regularly advises on CFIUS matters and, working alongside colleagues in Europe and Beijing, is advising the Smiths Group on its proposed acquisition of the Morpho Detection business of Safran.

Next generation lawyers

Kimberly Zelnick - Freshfields Bruckhaus Deringer LLP

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Securities litigation: defense
Securities litigation: defense - ranked: tier 5

Freshfields Bruckhaus Deringer LLP

Freshfields Bruckhaus Deringer LLP in New York is leading the defense of a Rothschild Bank affiliate in a class action brought by Lehman Brothers seeking to invalidate collateral positions in CDO contracts. Tim Harkness, who led the oral argument in that case, is also representing structured investment vehicle Tensyr in clawback litigation relating to the Madoff Ponzi scheme. Gabrielle Gould’s highlights included acting for Citigroup in a securities fraud matter arising from unrated junk bond sales. Marshall Fishman joined Goodwin.

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United States: Finance

Capital markets: debt offerings
Capital markets: debt offerings - advice to underwriters - ranked: tier 4

Freshfields Bruckhaus Deringer LLP

Freshfields Bruckhaus Deringer LLP’s ‘excellent full-service capability’ and ‘attractive combination of US capital markets expertise backed by a strong global network’ make it a strong choice for underwriters. Highly rated global co-head Valerie Ford Jacob is also a significant draw, hailed as ‘best in class’ and a ‘recognized leader in complex transactions’. Ford Jacob and Michael Levitt advised the underwriters, led by Bank of America Merrill Lynch, Mizuho Securities and US Bancorp, on a $1.1bn offering by Kroger. The same team also acted for the underwriters in Republic Services’ $500m offering of notes. New York head Paul Tropp is ‘extremely strong and very knowledgeable’; he advised the underwriters on Dollar General’s $500m issuance of senior notes.

Leading lawyers

Valerie Ford Jacob - Freshfields Bruckhaus Deringer LLP

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Capital markets: equity offerings
Capital markets: equity offerings - advice to underwriters - ranked: tier 4

Freshfields Bruckhaus Deringer LLP

Freshfields Bruckhaus Deringer LLP continues to build up its reputation as a sound choice for underwriters’ counsel, following the arrival of highly rated global capital markets co-head Valerie Ford Jacob in 2014. Paul Tropp heads the New York capital markets practice and recently advised underwriters Deutsche Bank Securities and Goldman Sachs on the $500m IPO of special purchase acquisition company Silver Run Acquisition. Tropp also assisted the underwriters with American Farmland’s $48m IPO and Saban Capital Acquisition’s $250m IPO. Michael Levitt is another name to note.

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Project finance
Project finance: advice to lender - ranked: tier 5

Freshfields Bruckhaus Deringer LLP

Project finance: advice to sponsor - ranked: tier 4

Freshfields Bruckhaus Deringer LLP

Melissa Raciti-Knapp and Lisa O’Brien lead Freshfields Bruckhaus Deringer LLP’s New York-based practice, which acts for lenders and sponsors on a wide range of energy and infrastructure projects. Raciti-Knapp, who advises on projects in various jurisdictions with an emphasis on Latin America, was notably active in the telecoms and transport infrastructure space: she assisted Overseas Private Investment Corporation with its $253m financing of Avantel’s deployment of a 4G LTE network in six Colombian cities, and advised the same client on its $336m financing of a network of cell-phone towers and associated infrastructure across Myanmar, with Apollo Towers Myanmar as sponsor. On the sponsor side, Raciti-Knapp assisted Abertis Infraestructuras with transport infrastructure financing, and advised Ferroviaria Oriental on the development of a port in Rosario, Argentina. The practice frequently handles large US projects: O’Brien acted for the Colorado Department of Transportation on the bid and selection process for the $1.1bn I-70 East PPP project, and Raciti-Knapp continued to advise KfW IPEX-Bank on the $400m development financing of the Mississippi Silicon smelter plant. Other lender clients include ArcLight Capital Partners, Goldman Sachs and RBS.

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Structured finance
Structured finance - ranked: tier 3

Freshfields Bruckhaus Deringer LLP

Deeply informed and highly pragmatic’, Freshfields Bruckhaus Deringer LLP handles the gamut of structured finance transactions and also provides regulatory advice regarding EMIR and Dodd-Frank. In 2016, the team was active in the CLO market and also handled securitizations involving some particularly novel asset classes. The ‘strongly recommendedJerome Ranawake advised Isramco and a wholly owned SPV, Tamar Royalties, on the securitization of royalty interests in the Tamar gas field in Israel. The three-partner team serves as external counsel to Citigroup in relation to its CLO work, and newly promoted partner Ryan Suda advised Citigroup Global Markets as initial purchaser and also acted as deal counsel in a $401.5m CLO transaction managed by Guggenheim Partners Investment Management. Focusing on cross-border transactions and regulatory compliance, Brian Rance heads the department and has also been involved in a number of CLO transactions for Citigroup. Other key clients include Inter-American Development Bank, Deutsche Bank, Scotia Bank and Société Générale.

Next generation lawyers

Ryan Suda - Freshfields Bruckhaus Deringer LLP

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United States: M&A/corporate and commercial

M&A: large deals ($1bn+)
M&A: large deals ($1bn+) - ranked: tier 6

Freshfields Bruckhaus Deringer LLP

Freshfields Bruckhaus Deringer LLP has a tremendous record in cross-border M&A, especially US inbound transactions, and is ‘excellent value for money’ for larger transactions. Since 2010, it has advised on more US inbound M&A transactions than any other firm and now frequently advises on deals valued at over $1bn. In 2016, the firm advised Henderson Group on its $6bn all-stock merger of equals with Janus Capital to form Janus Henderson Global Investors. It also advised Formula One Group and CVC Capital on the $8bn sale of a 38.8% stake in F1 to Liberty Media. The team is known for its private equity connections and represented MSD Capital in its investment (alongside WME IMG, KKR and Silver Lake) in the $4bn buyout of UFC. Peter Lyons, the co-head of global M&A, is hugely experienced and has extensive experience in high-value transactions. Matthew Herman is an equally influential member of the team and Mitchell Presser is ‘smart’, ‘thoughtful’, ‘an excellent tactician and negotiator’ and ‘understands both legal and business issues’. All named attorneys are based in New York.

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United States: Tax

Financial products
Financial products - ranked: tier 2

Freshfields Bruckhaus Deringer LLP

Clients of Freshfields Bruckhaus Deringer LLP include MSD Capital, London Stock Exchange Group, AstraZeneca and UBS Securities. Robert Scarborough in New York and Claude Stansbury in Washington DC lead the practice and handle matters concerning structured finance, equity and debt securities, internal tax investigations and the syndication of private investments, and they also serve as counsel to underwriters. Scarborough advised WireCo WorldGroup on its $1bn-plus debt and equity recapitalization, including the refinancing $825m of existing debt and a $260m majority equity investment by Onex Capital. Another one of his highlights was acting for Morgan Stanley, UBS Securities, Keefe, Bruyette & Woods and RBC Capital Markets as underwriters during the issuance of preferred stock worth $145m by Chimera Investment Corporation, in which he was supported by counsel Dennis Caracristi. Stansbury supported ConvaTec in raising $1.8bn through an IPO and listing on the London Stock Exchange.

Next generation lawyers

Dennis Caracristi - Freshfields Bruckhaus Deringer LLP

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International tax
International tax - ranked: tier 3

Freshfields Bruckhaus Deringer LLP

Freshfields Bruckhaus Deringer LLP has a focus on inbound M&A transactions and also handles regulatory changes, investments and tax investigations. Claude Stansbury in Washington DC advised UK-based Henderson Group on its $6bn all-stock merger of equals with Janus Capital to form Janus Henderson Global Investors, while New York-based Robert Scarborough supported Zhongwang USA in its $2.33bn acquisition of Aleris Corporation from a consortium of shareholders led by Oaktree Capital Management and including Apollo Management and Sankaty Advisors. Scarborough, who leads the practice with Stansbury, also assisted Formula One Group and its shareholders with the sale of its 38.8% stake in Formula One to Liberty Media Corporation. Other clients include MSD Capital, Citibank and AstraZeneca.

Leading lawyers

Robert Scarborough - Freshfields Bruckhaus Deringer LLP

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Latin America: International firms

Projects and energy
Projects and energy - ranked: tier 4

Freshfields Bruckhaus Deringer LLP

Very supportive without over-lawyering’, Freshfields Bruckhaus Deringer LLP provides ‘excellent service’, is ‘practical and responsive’ and constantly demonstrates ‘business mindedness’. The firm has an impressive record in infrastructure projects in Latin America and is a growing presence in oil and gas and renewable energy. It is increasingly active in Mexico’s hydrocarbons sector and maintains an impressive record in Chile, Brazil, Colombia and Peru. It continues to advise OPIC on the financing and restructuring of the installation of a 4G LTE network in six Colombian cities. New York partner Melissa Raciti-Knapp is ‘sensitive to the key issues’, ‘avoids over-heating negotiations’ and ‘achieves results’. London partner and Spanish speaker Graham Watson is increasingly active in Latin America’s oil-and-gas sector and was the lead partner on advice to BG regarding its $80bn takeover by Royal Dutch Shell, which involved assets in five Latin American jurisdictions.

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