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Hughes Hubbard & Reed LLP

ONE BATTERY PARK PLAZA, NEW YORK, NEW YORK 10004-1482, USA
Tel:
Work +212 837 6000
Fax:
Fax +212 422 4726
Web:
https://www.hugheshubbard.com

United States: Antitrust

Cartel
Cartel - ranked: tier 4

Hughes Hubbard & Reed LLP

Hughes Hubbard & Reed LLP is currently handling investigations for clients in areas such as electronic components, auto parts, financial services and e-commerce. Elizabeth Prewitt in New York, who is one of only a few US lawyers on the IBA Cartel Working Group, chairs the antitrust practice with William Kolasky. Other notable practitioners are Robert Bell and Marc Weinstein; the latter formerly served as co-chief of the Major Crimes Unit at the Attorney’s Office for the Southern District of New York.

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United States: Dispute resolution

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

Hughes Hubbard & Reed LLP

The New York-based Edward Little leads Hughes Hubbard & Reed LLP’s practice, which comprises ‘strong white-collar practitioners, especially in the area of financial markets’. Little acted alongside Marc Weinstein for former JPMorgan Chase trader Julian Grout, who was accused of trying to hide massive losses tied to the 2012 ‘London Whale’ scandal; the firm succeeded in persuading the SEC to dismiss its lawsuit. The firm also represented a large financial institution in a US treasuries investigation. Other key practitioners include Elizabeth Prewitt, whose focus is international cartel and criminal matters, and Washington DC’s John Wood, who specializes in advocacy before government agencies in matters involving the FCPA and FCA.

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International arbitration
International arbitration - ranked: tier 2

Hughes Hubbard & Reed LLP

Hughes Hubbard & Reed LLP successfully represented Roche Molecular Systems in a $30m ICC arbitration concerning the unauthorized sale of medical diagnostic products by Cepheid. The team continues to represent claimants in arbitrations against the Russian Federation under the Russia-Ukraine BIT to recover for the loss of investments by a group of Ukrainian investors in Crimea. Washington DC-based John Townsend and John Fellas, who is ‘a pre-eminent practitioner’ and ‘understands how to read and connect with a tribunal’, chair the arbitration and ADR department. Key contacts also include Steven Hammond, who heads the treaty arbitration team, and Hagit Muriel Elul, who ‘combines exceptional command of forensic detail, with first-class presentation and cross-examination skills’. James Boykin in Washington DC is also recommended. Alexander Yanos joined Alston & Bird LLP in 2017. Named attorneys are based in New York unless stated otherwise.

Leading lawyers

John Fellas - Hughes Hubbard & Reed LLP

John Townsend - Hughes Hubbard & Reed LLP

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International trade
International trade - ranked: tier 2

Hughes Hubbard & Reed LLP

The ‘responsive and practical’ team at Hughes Hubbard & Reed LLP provides an ‘excellent service’ to corporates, governments and trade bodies engaged in high-profile trade remedies disputes. The firm continues to represent the Canadian government in numerous subsidy allegations brought against it by the US including the countervailing duty case relating to supercalendered paper and the long-running softwood lumber dispute. Joanne Osendarp and the ‘exceptionalMatthew Nicely have both had a pivotal part to play in the Canadian work and Nicely also continues to represent Solar Energy Industries Association, the US industry trade association in the solar energy sector, in its opposition to higher tariffs being placed on imported solar panels. The team was strengthened on the sanctions front by the arrival in May 2017 of the ‘excellent’ Sean Kane, who is appreciated for his ‘very good relations with Office of Foreign Assets Control (OFAC)’ due to his former position as its deputy assistant director for policy. Former ITC commissioner Dean Pinkert joined the team in March 2017. In April 2018, former practice head Amanda DeBusk and Melissa Duffy moved to Dechert LLP.

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Product liability, mass tort and class action: pharmaceuticals and medical devices - defense
Product liability, mass tort and class action: pharmaceuticals and medical devices - defense - ranked: tier 2

Hughes Hubbard & Reed LLP

Hughes Hubbard & Reed LLP’s product liability and toxic tort group advises manufacturers on pharmaceuticals and medical devices litigation and has ‘built a mosaic of capabilities in a wide range of activities that is designed to offer a multinational client a wall-to-wall service’. The practice is co-headed by Diane Lifton and Robb Patryk. Led by Patryk and the recommended Theodore Mayer, the team continues to act as national coordinating counsel for long-time client Pfizer in diet drugs litigation and obtained dismissal of three related cases. In other ongoing work, Los Angeles-based David Stern defends Fresenius in litigation involving claims alleging lack of adequate warning about the risk of heart problems from dialysis products GranuFlo and NaturaLyte. The ‘productive and constructiveCharles Cohenis extremely capable in handling disclosure matters’ and James Fitzpatrickhas cutting-edge abilities on the scientific aspects’. All named partners are based in New York, unless otherwise stated.

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Securities litigation: defense
Securities litigation: defense - ranked: tier 4

Hughes Hubbard & Reed LLP

Hughes Hubbard & Reed LLPfocuses on pragmatic, commercial solutions and on ending litigation rather than prolonging it’. New York-based William Maguire and Edward Little and Washington DC-based Kevin Abikoff lead the practice. In New York, Christopher Kiplok continued to advise the trustee in the SIPA liquidation of Lehman Brothers. Sarah Cave handled a securities fraud class action for the former CFO of Global Power Equipment Group. Clients also recommend ‘responsive lateral thinkerChristopher Paparella and ‘pragmatic litigatorMarc Weinstein. Little and Weinstein represented an officer of JPMorgan Chase in matters arising from the $6bn London Whale scandal.

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United States: Finance

Restructuring (including bankruptcy): corporate
Restructuring (including bankruptcy): corporate - ranked: tier 4

Hughes Hubbard & Reed LLP

With a ‘very strong team and good firm backup in non-bankruptcy areasHughes Hubbard & Reed LLP’s reorganization and bankruptcy group ‘provides strategic and practical advice’ particularly in contentious matters. Head of the New York-based practice Christopher Kiplok advised Republic Airways on its complex $3.6bn Chapter 11 restructuring and related litigation. In another company-side matter, Kathryn Coleman led a team which acted for CST Industries both in Chapter 11 proceedings and in litigation against one of its mezzanine lenders. In another highlight, the group was engaged as debtor counsel to Ultrapetrol (Bahamas) in its Chapter 11 proceedings and assisted the company with successfully emerging from bankruptcy in under 60 days. In a lender-side engagement, the practice represented a group of eight banks as joint lead arrangers in the $6.5bn financing to FirstEnergy. As trustee in the Lehman Brothers liquidation, the practice further continues to act in related litigation with recoveries totalling $120bn. Key names to note include dispute resolution partner Meaghan Gragg and senior counsel James Giddens who is recognised for his brokerage firm liquidation expertise.

Leading lawyers

James Giddens - Hughes Hubbard & Reed LLP

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United States: Industry focus

Transport: aviation and air travel - finance
Transport: aviation and air travel - finance - ranked: tier 3

Hughes Hubbard & Reed LLP

Primarily based in New York, Hughes Hubbard & Reed LLP’s aviation finance team advises lessors, fund managers and equity and debt issuers on finance and leasing transactions. John Hoyns advised United Continental Holdings on a number of capital markets issuances, including a public EETC offering and a $300m bond issuance. Hoyns also acted for the client as borrower’s counsel in connection with a $3.5bn syndicated credit facility. In the Washington DC office, Steven Chung counseled Blackbird Capital I on an $800m aircraft lease securitization. Chuck Samuelson assisted AerGen Aviation Finance with the establishment of a joint venture to acquire and lease aircraft, while Ken Lefkowitz acted as borrower’s counsel to Stratos in relation to a $600m revolving credit facility to finance and refinance certain aircraft acquisitions.

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United States: Intellectual property

Patent litigation: full coverage
Patent litigation: full coverage - ranked: tier 6

Hughes Hubbard & Reed LLP

Hughes Hubbard & Reed LLP’s landmark win for sweetener manufacturer TC Heartland before the Supreme Court in the decision of the same name establishes the practice safely in the high-end patent litigation market. The team specializes in providing complex litigation strategy development and implementation. Based in New York, James Dabney, Patrice Jean and former Ropes & Gray LLP litigator Khue Hoang advise an illustrious client base that includes the Institut Pasteur and Costco Wholesale. Since publication, Stephen Rabinowitz has moved to Dechert LLP.

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United States: M&A/corporate and commercial

M&A: middle-market ($500m-999m)
M&A: middle-market ($500m-999m) - ranked: tier 3

Hughes Hubbard & Reed LLP

Hughes Hubbard & Reed LLP’s ‘service is extraordinary; the firm’s lawyers are extremely attentive, smart, knowledgeable, diligent, and responsive’. The practice’s experience covers a broad range of industries, including media, pharma, airlines, utilities, consumer products and financial services. The firm’s lawyers also have extensive experience in international transactions, including advising clients on the US legal aspects of cross-border tender offers, as well as managing the international aspects of M&A deals. The team acted for comic book publisher Millarworld in its sale to Netflix, marking the global streaming giant’s first-ever acquisition; co-M&A practice chair James Modlin led advice to contract research organization Chiltern in its all-cash $1.2bn sale to life sciences company LabCorp; and co-corporate group chair Kenneth Lefkowitz, who ‘epitomizes client service and whose knowledge is broad’, advised Madison Square Garden on its $181m acquisition of a majority stake in nightclub operator Tao Group. In other matters, Charles Samuelson, who is ‘a hardworking machine who excels at contract drafting’, assisted India-based IT company Wipro Enterprises with its $500m acquisition of Appirio, a US-based cloud services company; while Avner Ben-Gera’s M&A experience spans pharma, transportation, technology, media, consumer products and apparel, and David Schwartz regularly advises on private and public deals, domestic and cross-border transactions, and buy-side and sell-side representations.

Leading lawyers

Kenneth Lefkowitz - Hughes Hubbard & Reed LLP

Next generation lawyers

Michael Traube - Hughes Hubbard & Reed LLP

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United States: Media, technology and telecoms

Media and entertainment
Media and entertainment - ranked: tier 4

Hughes Hubbard & Reed LLP

Highlights for the ‘excellent’ practice at Hughes Hubbard & Reed LLP included advising Millarworld on its sale to Netflix, assisting Madison Square Garden with its separate acquisitions of majority stakes in Counter Logic Gaming and Tao Group, and negotiating various endorsement agreements for John Varvatos Enterprises, including an agreement with Warner Music for a new line of Green Day apparel and a merchandising and marketing deal with Bravado relating to Guns N’ Roses merchandise. Matthew Syrkin leads the department; he recently worked with Charles Samuelson to advise AMC Networks on brand license and programming license agreements regarding several proposed investments and joint ventures, and acted for Dave and Eggsy in comic book artist and writer agreements. The Museum of Fine Arts in Boston, MPG Concepts, Soundtrack Your Brand Sweden, Bumble Trading and CBS are also clients. Kenneth Lefkowitz is also recommended; he focuses on M&A deals, hostile takeovers, joint ventures and private equity transactions. All attorneys are based in New York.

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United States: Tax

International tax
International tax - ranked: tier 5

Hughes Hubbard & Reed LLP

The New-York based practice at Hughes Hubbard & Reed LLP advises clients on the tax aspects of multi-jurisdictional mergers and acquisitions, spin-offs, joint ventures, bankruptcies, reorganizations, placement of off-shore investment funds, securitizations and securities offerings. Equipment and aviation finance is another area of strength. Andrew Braiterman acted for Wafra Capital Partners in its acquisition of Oxford Finance, a specialty finance firm that provides senior debt to life sciences and healthcare services companies, and assisted the Republic of Paraguay with its first sovereign bond issuance since early 2016. Spencer Harrison is another key partner.

Leading lawyers

Andrew Braiterman - Hughes Hubbard & Reed LLP

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US taxes: non-contentious
US taxes: non-contentious - ranked: tier 4

Hughes Hubbard & Reed LLP

Hughes Hubbard & Reed LLP’s New York tax practice covers M&A, spin-offs, bankruptcy and restructuring, investment fund work, capital markets offerings, as well as equipment and aircraft finance. Employee benefits, trust and estate planning are other areas of activity for the five-partner team. Andrew Braiterman advised Wafra Capital Partners on its acquisition of Oxford Finance, a service firm specializing in the healthcare industry, and also acted for Madison Square Garden in its $181m purchase of a majority stake in TAO Group. Other highlights included advising the Republic of Paraguay on its sovereign bond issuance worth $500m and the legal guidance provided to Smithfield Group concerning Pure Safety’s simultaneous acquisitions of the British safety-equipment producer Guardian Fall Protection and Houston-based Web Devices.

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Latin America: International firms

Banking and finance
Banking and finance - ranked: tier 2

Hughes Hubbard & Reed LLP

Hughes Hubbard & Reed LLP remains best known for syndicated and bilateral loans in Brazil. The firm has worked on a series of landmark syndicated deals in the jurisdiction and throughout Latin America thanks in part to an illustrious client base of lenders and borrowers such as Banco Santander, Bank of America, BNP Paribas, Citibank, Darnel Group, ING Bank, Natixis, Republic of Paraguay, SER Holding Company, Sumitomo Mitsui Banking Corporation and Ticofrut. In addition to its plentiful international investment and commercial bank relationships, it is also increasingly active on behalf of funds acting as creditors. Outside of Brazil, the team has experienced an uptick in lending engagements in Chile and Argentina and also has a solid record in Peru. In addition, it has broadened its practice to include a series of club loans in 2017 and into 2018. Showcasing the breadth of the practice, the firm also advised the Republic of Paraguay on its $500m sovereign bond issuance in 2017. Co-chair of the banking and financial services practice group and managing partner of the Miami office, Amy Dulin is a market leader for Brazil-related syndicated and bilateral loans; demonstrating ‘good chemistry’ with her clients, she provides ‘personal attention and a lot of experience in the region’ and ‘knows which issues are important’ note peers. Co-chair of the Latin America practice Federico Goudie is a versatile practitioner who operates across various practice areas but has notable experience in acquisition and project finance for Latin American borrowers and sponsors. Mark Denham is another multi-skilled player with an especially impressive record in aviation finance for corporate jet and commercial airlines; he has additional experience in securitisation-type financings and distressed debt work. Ruben Diaz also has a broad practice, with a particular focus on Central America.

Leading lawyers

Amy Dulin - Hughes Hubbard & Reed LLP

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International arbitration
International arbitration - ranked: tier 4

Hughes Hubbard & Reed LLP

Hughes Hubbard & Reed LLP’s team is jointly led by Washington DC-based John Townsend and New York-based John Fellas and Steven Hammond. The team handles a steady stream of investment treaty disputes and a range of commercial arbitration and is growing its regional expertise – at least in Brazil – via a co-operation agreement with the Rio de Janeiro-based Saud Advogados. Recent highlights include representing Huntington Ingalls Industries in its arbitration against the Bolivarian Republic of Venezuela arising from Venezuela’s failure to pay for repairs on two Lupo-class frigates. Co-chair of the firm’s Treaty Arbitration practice, as well as acting as counsel Hammond also frequently sits as an arbitrator. The team lost Alexander Yanos to Alston & Bird LLP in 2017.

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