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Jones Day


France

Administrative and public law
Administrative and public law - ranked: tier 2

Jones Day

Jones Day stands out for its ‘efficiency, in-depth experience and responsiveness’. The six-lawyer team is highly recognised for its public law contract and PPP expertise. It is assisting sponsors and lenders with several high-profile projects in the transport, telecoms and university sectors. The firm notably advised the winning consortium lenders on the financing of Nice Airport’s privatisation, as well as assisting the CDC with Touraine Cher Numérique’s high-speed broadband network project. The practice also has strong litigation and regulatory expertise and advises key players in the energy and transport industries. It is assisting EDF with all its hydropower concession contracts and new regulatory law changes. RATP is another client. Philippe Delelis ranks as one of the market’s most recognisable figures, while Nicolas Brice is also a strong asset.

Leading individuals

Philippe Delelis - Jones Day

Next generation lawyers

Nicolas Brice - Jones Day

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Aviation
Aviation - ranked: tier 3

Jones Day

Jones Day acts mainly for airlines in a variety of litigation matters, but is also active in advisory work concerning corporate policy and regulatory issues. Practice head Ozan Akyurek led the team in assisting an aircraft leasing company with strategic procedural choices regarding, among others, jurisdiction, grounds of action and possible defendants following an aircraft accident. Air France, XL Airways and Turkish Airlines are other clients.

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Derivatives, structured finance and securitisation
Derivatives, structured finance and securitisation - ranked: tier 1

Jones Day

Following Christine Van Gallebaert’s arrival in March 2017 from Gide Loyrette Nouel A.A.R.P.I., Jones Day has considerably broadened its capabilities to handle the full range of structured finance, securitisation and derivatives transactions. Van Gallebaert’s knowledge of asset-backed financings, in particular securitisation including covered bonds and debt funds, adds to Alban Caillemer du Ferrage and Qian Hu’s expertise in OTC derivatives. The team is proficient in handling matters with strong cross-border elements and also acts on high-value domestic work. Recent highlights include advising My Money Bank on the sale of its portfolio of revolving consumer credits to Advanzia Bank. The team is also called on to issue legal opinions for international associations, for example advising the International Swaps and Derivatives Association on the validity and enforceability of the standard agreements governing over-the-counter transactions, repurchase agreements, securities lending and FX transactions, and assisting the French Banking Federation with the drafting of new French legislation, such as the execution annex and the clearing addendum of the FBF Master Agreement. Other clients include GE Capital, BNP Paribas, Euronext and Crédit Agricole.

Leading individuals

Christine Van Gallebaert - Jones Day (structured finance)

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EU, competition and distribution
EU, competition and distribution - ranked: tier 2

Jones Day

Jones Day’s team ‘is excellent in terms of professionalism, business knowledge and response times’ and acts for clients such as Orange, Total and the National Rugby League. On the contentious front, the team is representing Deutsche Post before the FCA in a case arising from allegations of exchange of information between leading European post offices, and of counsel Eric Morgan de Rivery, who jointly heads the practice with Eric Barbier de la Serre, is representing Elf Aquitaine and Total in several longstanding cartel cases in the chemical sector. Working closely with its Brussels counterpart, the Paris group also acted for Wabtec in its acquisition of Faiveley Transport and is currently assisting Apax with its acquisition of Vodafone Malta as well as its merger with Melita. Associate Eileen Lagathu is another name to note.

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Employment
Other recommended firms - ranked: tier 1

Jones Day

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Environment
Environment - ranked: tier 1

Jones Day

Jones Day provides ‘very good service’ featuring ‘deep skills, short response times and a very professional, appropriate and practical approach adapted to the different stakeholders’. The firm advises the largest French and US industrial corporations on M&A transactions, product safety and REACH regulation, as well as environmental and crisis management and frequently handles high-end work related to site pollution and remediation litigation. Highlights included assisting Total with the $3.2bn sale of Atotech B.V, and Wabtec Corporation with its $1.8bn offer for Faiveley Transport. EDF and Lincoln Electric are also clients. Practice head Françoise Labrousse and counsel Armelle Sandrin-Deforge are ‘highly skilled, very responsive and available, as well as very nice and client-oriented’.

Leading individuals

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Mergers and acquisitions
Mergers and acquisitions - ranked: tier 3

Jones Day

Jones Day specialises in M&A in the industrial, high-tech and biotech sectors, but also counts public M&A as a key expertise. Transactions with a strong cross-border element – largely involving other European countries and the USA – are a core strength. Sophie Hagège heads the Paris M&A group and also leads the firm’s EMEA M&A practice. Alexandre de Verdun and Audrey Bontemps are also key practitioners. Highlights included advising Total on the $3.2bn sale of Atotech and its 37 subsidiaries to the Carlyle Group, and assisting Wabtech with the acquisition of Faiveley Transports, where the team was able to leverage the firm’s expertise in antitrust and regulatory issues. Other clients include Safran, Sanofi and Calgon Carbon.

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Project finance
Project finance - ranked: tier 2

Jones Day

Jones Day provides ‘efficiency, responsiveness and in-depth experience ’ in French PPP projects. The firm is currently advising sponsors and lenders on several high-profile projects in the transport, telecoms and university infrastructure sectors and notably assissted an international banks syndicate as lenders to the winning consortium with the financing of Nice airport’s privatisation, as well as CDC on Touraine Cher Numérique’s high-speed broadband network project. The practice can count on Philippe Delelis and Nicolas Brice for public law aspects, as well as Frédéric Gros and Sophie Chevallier who deal with financial matters.

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Real estate
Real estate - ranked: tier 3

Jones Day

Jones Day provides ‘very good service’ including ‘deep skills, short response times, and an appropriate and practical approach’. The ‘knowledgeable, deal-oriented and available’ team advises major property investors and developers on investments and commercial lease negotiations and recently assisted Henderson Park with the €356m acquisition of the Meridien hotel in Paris and dealt with commercial lease litigation involving a high number of tenants in the retail sector. AGC Equity Partners, Unibail Rodamco, Mercialys and Lone Star Funds are also clients. Practice head Erwan Le Douce-Bercot is ‘calm and creative, does not take things for granted, has very good negotiating skills’ and is ‘client oriented’. Of counsel Carol Khoury is ‘highly skilled, very responsive and client oriented’.

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Tax
Tax - ranked: tier 3

Jones Day

Jones Day ‘steps into the shoes of its clients to provide highly skilled and customised advice’. The five-lawyer team advises on the tax aspects of large-cap M&A transactions, high-end IPO and capital markets work and also deals with property, fund formation and privaty equity tax work. Highlights included assisting Safran with its tender offer for Zodiac Aerospace, Wabtec with its $1.8bn offer for Faiveley Transport, as well as BNP Paribas and CACIB with Tikehau Capital’s IPO. Emmanuel de la Rochethulon has ‘wide and deep experience’. Siamak Mostafavi left the firm.

Next generation lawyers

Emmanuel de la Rochethulon - Jones Day (corporate tax)

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France: Banking and finance

Transactional work
Banking and finance: Transactional work - ranked: tier 3

Jones Day

Jones Day ‘combines speed, quality and pragmatism’ and excels in financial litigation, acquisition and real estate finance, as well as in asset and project finance. Key names include practice head Frédéric Gros, Diane Sénéchal, Sophie Chevallier and of counsel Isabelle Maury. The team advised Tikehau Capital Investors on the financing of its subscription to the share capital of Tikehau Capital involving a tailor-made financing for Natixis as the mandated lead arranger. Other work includes assisting International Cookware with a debt refinancing. Cellnovo, Ecore and Henderson Park are also clients.

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France: Capital markets

Equity
Capital markets: Equity - ranked: tier 2

Jones Day

The ‘responsive’ team at Jones Day has ‘a very good’ reputation for work in the healthcare sector, while also being active in the technology industry. Linda Hesse and Florent Bouyer jointly head the team, which has notable expertise advising emerging growth companies and also has the ability to advise on the US aspects of market transactions. The ‘constructive’ and ‘client- and business-oriented’ Renaud Bonnet is noted for his ‘very good knowledge of the tech industry’ and led in advising Prodways on its French IPO and the related pre-IPO subscription round. In a high-profile transaction, the team assisted Safran with its €8.7bn tender offer for Zodiac Aerospace shares in the context of the merger between the two companies, primarily handling the US capital markets aspects of the transaction. Another highlight saw the department assist Citi and Natixis as underwriters with Genfit’s two-step €80m capital increase. Other clients include Sanofi, Orange and Cellectis.

Next generation lawyers

Florent Bouyer - Jones Day

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France: Dispute resolution

Commercial litigation
Dispute resolution: Commercial litigation - ranked: tier 3

Jones Day

Jones Day has ‘a high level of expertise’ and provides ‘high-quality advice’. The firm handles a large and challenging banking litigation caseload, and is managing more than 200 disputes for Sfil and Caffil regarding loans entered into with public sector entities and has recently won a series of landmark victories. The firm acted for Depfa Bank in obtaining a major decision from the Paris Appeal Court that rejected all the claims made by Sidru. Frédéric Gros is the key contact, alongside of counsel Isabelle Maury. Ozan Akyurek handles commercial and product liability cases for major French and international industrial clients. Laurent Martinet is now at Dechert LLP, while Laurent Assaya joined Vivien & Associés.

Leading individuals

Frédéric Gros - Jones Day

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International arbitration
Dispute resolution: International arbitration - ranked: tier 3

Jones Day

Jones Day is particularly well known for its strong arbitration expertise in the energy, infrastructure and construction sectors concerning the Middle East region and Africa. The 12-lawyer practice represents several leading French and international energy players and is predominantly managing an ICC caseload, while also handling some investment cases. Recent highlights include a major dispute in the telecoms sector and acting for Capital Financial Holdings Luxembourg in ICSID proceedings launched against the Republic of Cameroon for expropriation of its shares in CBC bank. Michael Bühler, who ‘knows every trick in international arbitration’, and Jean-Pierre Harb are in charge. Elie Kleiman was a new arrival in April 2018 from Freshfields Bruckhaus Deringer LLP.

Next generation lawyers

Jean-Pierre Harb - Jones Day

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France: Industry focus

Energy
Other recommended firms - ranked: tier 1

Jones Day

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Healthcare and life sciences
Industry focus: Healthcare and life sciences - ranked: tier 2

Jones Day

Jones Day’s healthcare and life sciences offering is globally led by environment and health and safety expert Françoise Labrousse, while the cross-departmental team in France is headed by corporate and private equity partner Renaud Bonnet; further strengthening its comprehensive service offering, the group recently welcomed patents expert Thomas Bouvet from Véron & Associés . In recent highlights, the corporate group advised Nanbiotix on two private placements in Europe and the US, while the environment unit defended a global corporation in criminal proceedings related to two legionella outbreaks. Emmanuel Baud heads the intellectual property team and recently assisted Merck with French aspects of a multijurisdictional patent litigation regarding its blockbuster drug Solvadi. Other key clients include Sanofi, Novartis and Abbott.

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IT, telecoms and the Internet
Industry focus: IT, telecoms and the Internet - ranked: tier 2

Jones Day

The ‘excellent team’ at Jones Day stands out for its ‘professionalism, business knowledge and response times’ and is headed by telecoms expert Rémy Fekete who represents clients such as Orange, Sigfox and Eutelsat; he also advised CBS on a major output deal with Canal+ and oversaw a complex telecoms towers transaction in South America for Millicom. Counsel Olivier Haas leads the group’s notable data privacy practice and recently acted for Solvay in the definition and implementation of their data protection compliance strategy in light of the incoming GDPR, and also assisted a leading food company with legal issues related to a smart data project which included the creation of a data lake of its industrial and customer data.

Leading individuals

Rémy Fekete - Jones Day

Next generation lawyers

Olivier Haas - Jones Day

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France: Intellectual property

Patents
Intellectual property: Patents - ranked: tier 1

Jones Day

Jones Day visibly strengthened its patent litigation offering by welcoming Thomas Bouvet and his team from Véron & Associés. The group represented Yamaha in a patent litigation against its competitor Piaggio concerning the alleged violation of six European patents pertaining to motorcycle and scooter engines, and also represented Vestegaard Fransen in breach of trade secret proceedings against a former consultant and his French company. Other work included representing Star Fruits and the Department of Agriculture and Food of Western Australia in appeal proceedings filed by Pink Lady following a decision by the Community Plant Variety Office to nullify a Community Plant Variety Right to Star Fruits.

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Trade marks, designs and copyright
Trade marks, designs and copyright - ranked: tier 1

Jones Day

Jones Day provides trade marks, designs and copyright advice to clients such as Accor, Shiseido and Pernod Ricard and its affiliates. Recent highlights include acting for the BNIC – the national bureau of cognac producers – in two sensitive matters against major cognac actors with respects to ageing denomination and the listing of cognac as an ingredient, and defending artist Jeff Koons and his company Jeff Koons LLC in copyright infringement proceedings filed by French photographers and their heirs. Other notable work highlights include assisting a client with license agreements related to the proposed development of a hotel chain, and handling intellectual property transfers. Emmanuel Baud is the key contact.

Leading individuals

Emmanuel Baud - Jones Day

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France: Private equity

Fund formation
Private equity: fund formation - ranked: tier 2

Jones Day

Jones Day advises on a large range of fund formation matters, from infrastructure funds to real estate funds, mezzanine funds and funds of funds. The group handles an even split of cross-border and domestic matters, all of which are led by practice head Florence Moulin, who offers a one-stop-shop for the legal, tax and regulatory issues surrounding the formation and structuring of private equity funds. The department was recently active in an impressive number of high-profile matters such as advising Axio Capital on the formation of Axio Croissance, a French Special Limited Partnership (SLP) designed for the microcap market segment, and acting for Bex Capital on the formation of Bex Fund II, another SLP, that will focus on making secondary deals in investments in funds of funds. Other highlights include assisting Quaero Capital with the formation of a €250m infrastructure fund, a first for the client, and advising South Korean internet giant Naver on its investment in European investment fund K-Fund 1, which is aimed at European technology start-ups. Ardian, Truffle Capital and Bpifrance are other clients.

Leading individuals

Florence Moulin - Jones Day

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Venture and growth capital
Private equity: venture and growth capital - ranked: tier 1

Jones Day

Jones Day has ‘an outstanding knowledge of the industry’ and ‘a great team’. It has a clear focus on the life sciences and technology sectors thanks to the expertise of practice heads Renaud Bonnet, Charles Gavoty and Jean-Gabriel Griboul, who are ‘a pleasure to work with’, ‘very responsive’ and ‘always looking for balanced solutions’. Highlights included advising Devialet on its high-profile €100m financing round and assisting French food-tech start-up Frichti with a €30m financing round. In a cross-border matter involving France and the US, the team advised Ivalua on a $70m minority investment by KKR. Goldman Sachs and BNP Paribas are new clients.

Leading individuals

Charles Gavoty - Jones Day

Renaud Bonnet - Jones Day

Next generation lawyers

Jean-Gabriel Griboul - Jones Day

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Further information on Jones Day

Please choose from this list to view details of what we say about Jones Day in other jurisdictions.

United Arab Emirates

Offices in Dubai

Australia

Offices in Sydney, Perth, Brisbane, and Melbourne

Belgium

Offices in Brussels

China

Offices in Shanghai and Beijing

Germany

Offices in Frankfurt, Munich, and Dusseldorf

Spain

Offices in Madrid

France

Offices in Paris

Hong Kong

Offices in Hong Kong

Indonesia

Latin America: International firms

India

Italy

Offices in Milan

Japan

Offices in Tokyo

London

Offices in London

Mexico

Offices in Mexico City

Netherlands

Offices in Amsterdam

Philippines

Singapore

Offices in Singapore

Saudi Arabia

Offices in Riyadh, Al-Khobar, and Jeddah

Taiwan

Offices in Taipei

United States

Offices in San Francisco, Houston, Washington DC, Pittsburgh, New York, Irvine, Dallas, Columbus, Cleveland, Chicago, Atlanta, Los Angeles, San Diego, Palo Alto, Boston, Miami, Minneapolis, and Detroit

Legal Developments by:
Jones Day

  • US rules regarding offshore accounts

    The Hiring Incentives to Restore Employment Act 2010, enacted on 18 March 2010, imposes a new US withholding tax and reporting regime, known as the Foreign Account Tax Compliance Act (FATCA). The FATCA regime applies generally to payments made after 31 December 2012, except on obligations (to be defined in future guidance) outstanding on 18 March 2012. Substantial effort is required by foreign entities to bring their worldwide operations and policies into compliance with the FATCA rules as of the effective date.

    - Jones Day

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.