The Legal 500

Twitter Logo Youtube Circle Icon LinkedIn Icon

Jones Day

2 RUE SAINT-FLORENTIN, 75001 PARIS, FRANCE
Tel:
Work +33 1 56 59 39 39
Fax:
Fax +33 1 56 59 39 38
Web:
www.jonesday.com

France

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

Jones Day

Jones Day's five-lawyer team assists the French state and other public sector entities, as well as major French sponsors, with¬†high-profile public law procurement contracts, strategic regulatory issues and litigation. It recently handled highly complex privatisation, energy, banking and public financing regulatory work. The practice is assisting state agency¬†Agence des participations de l'√Čtat (APE) with the privatisation of airport operator ADP, as well Conf√©d√©ration Nationale du Cr√©dit Mutuel with managing its conflict with Cr√©dit Mutuel Ark√©a. The firm also advised on large new broadband network projects, as well as on some leisure and waste management projects. It assisted CDC, as an investor in Altitude Infrastructure and Marguerite Fund's joint venture, on the joint venture's participation in a high-speed broadband network project in the¬†Haute Garonne region. The practice also handled significant disputes, notably in the transport and telecoms sectors. It is representing RATP in high-profile litigation with Mobit, an Italian consortium of transport companies,¬†regarding the award of a transportation concession contract by the region of Tuscany, which required a preliminary ruling by the Court of Justice of the European Union (CJEU). Bouygues, EDF, Engie and Orange are also clients. The practice is co-headed by the highly recommended¬†Philippe Delelis¬†and Nicolas Brice.

Leading individuals

Philippe Delelis - Jones Day

Next Generation Partners

Nicolas Brice - Jones Day

[back to top]

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

Jones Day

Jones Day¬†boasts particular strength in project finance and leveraged finance, but is also adept in the fields of real estate and and restructuring finance. Tikehau Capital turned to the firm for advice on its ‚ā¨1.3bn bank and bond financing, consisting of a ‚ā¨1bn unsecured syndicated credit facility and a ‚ā¨300m unsecured inaugural bond issue on Euronext Paris. A recent headline-grabbing matter saw the group assist Deutsche Pfandbriefbank with the financing of the restoration of the H√ītel de l'Artillerie by La Fondation Nationale des Sciences Politiques. Other work came from the French Ministry of Finance and the Caisse Fran√ßaise de D√©veloppement Industriel, as well as from Permira Credit Solutions II and Pandios.¬†Sophie Chevallier,¬†Fr√©d√©ric Gros¬†and¬†Diane S√©n√©chal¬†jointly lead the practice, while counsel¬†Jessica Derocque¬†joined from¬†De Pardieu Brocas Maffei¬†at the end of 2017.

[back to top]

Capital markets: equity capital markets
Capital markets: equity capital markets - ranked: tier 2

Jones Day

The 'very effective' team at Jones Day has particular strength in advising life sciences companies on their IPOs, but also excels in handling equity-linked instruments. Practice head Linda A Hesse, who 'provides great support', and Florent Bouyer advised HSBC France and Natixis on automotive supplier Novares' IPO. Jointly with derivatives expert Qian Hu, Bouyer also assisted Crédit Agricole Corporate and Investment Bank on Vivendi's sale of its stake in Ubisoft through equity derivatives transactions and a block trade. Charles Gavoty is another key contact. Clients also include Total, Mainstay Medical International and Tikehau Capital Partners.

Next Generation Partners

Florent Bouyer - Jones Day

[back to top]

Compliance
Compliance - ranked: tier 2

Jones Day

Jones Day's Bénédicte Graulle has extensive knowledge of international corruption issues and advises leading French and international companies on the setting up of compliance programmes. She also assists major companies with dealing with corruption allegations and conducting internal investigations. The firm is also defending a client facing an investigation by the AMF. It has complementary expertise in employment and health and safety compliance.

[back to top]

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

Jones Day

The 'highly qualified and dedicated' team at Jones Day possesses 'very strong derivatives expertise' and fields 'seasoned experts in equity derivatives'. The 'very committed' practice acts for a diverse client roster, and recent highlights include advising Cr√©dit Agricole Corporate and Investment Bank on amendments to the transaction documents and the ‚ā¨35bn covered bonds issuance programme update of Cr√©dit Agricole Home Loan. Lendix received advice on the creation of its second European Long Term Investment Fund (ELTIF). Alban Caillemer du Ferrage 'is a pre-eminent expert' in derivatives and forms the heart of the practice with 'exceptional professional' Qian Hu and Christine Van Gallebaert, who 'always stays focused' and 'puts herself at the same level of understanding as her clients in order to explain legal issues with simple words'. BNP Paribas, ISDA and new client Tikehau Capital Partners also instruct the team.

Leading individuals

Alban Caillemer du Ferrage - Jones Day

Christine Van Gallebaert - Jones Day

Next Generation Partners

Qian Hu - Jones Day

[back to top]

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

Jones Day

Jones Day's 15-lawyer team recently strengthened its capabilities after hiring highly regarded arbitration and litigation partner¬†Elie Kleiman,¬†who joined from Freshfields Bruckhaus Deringer LLP in 2018 after serving twice as managing partner. The practice handles both commercial and investment arbitration on behalf of many leading French and international corporations, often relating to Africa and the Middle East. It has particularly strong knowledge of the Organisation for the Harmonisation of Business Law in Africa (OHADA), and recently advised the organisation on the reform of its arbitration act and the creation of a mediation act. The practice is managing a large caseload dealing with energy matters, including gas price, pipeline and plant construction, and solar-related issues. The team is also handling matters in other areas, including construction and telecoms. The practice is co-headed by¬†Michael B√ľhler, Elie Kleiman¬†and Jean-Pierre Harb.

Next Generation Partners

Jean-Pierre Harb - Jones Day

[back to top]

Dispute resolution: White-collar crime
Dispute resolution: White-collar crime - ranked: tier 4

Jones Day

[back to top]

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

Jones Day

Eric Barbier de la Serre and counsel Eric Morgan de Rivery are the main names to note for competition and antitrust work at Jones Day. The team is currently advising Safran on all competition aspects - except EU filing - of its merger with Zodiac, and Deutsche Post DHL instructed the group to oversee its defence against an FCA action concerning an alleged exchange of information between - among others - the four largest post offices in the EU. In other highlights, Barbier de la Serre is currently collaborating with Frédéric Gros to assist SFIL with the state aid aspects of a series of complaints to the Versailles Court of Appeal claiming the client and others benefited from illegal aid from the French state; he also acted for a leading mid-market private equity fund on its acquisition of Vodafone Malta and its merger with Melita. The National Rugby League, JCB and RATP are also key clients.

[back to top]

Employment
Employment - ranked: tier 3

Jones Day

Jones Day¬†has notable capability handling the employment law aspects of multi-jurisdictional projects including global restructuring, workforce transfers and M&A projects. The practice notably advised Safran on its ‚ā¨8.7bn offering for the shares in Zodiac Aerospace and Lincoln Electric on the ‚ā¨115m acquisition of Air Liquide Welding. The eight-lawyer team also advises on health and safety issues and is handling asbestos mass claims. It also assists with major individual litigation and compliance issues. Emmanuelle Rivez-Domont¬†and Jean-Michel Bobillo¬†are the practice heads.

[back to top]

Environment
Environment - ranked: tier 1

Jones Day

Jones Day has expert capabilities to deal with sensitive health, safety and product regulation issues, including dealing with crisis management situations. The 14-lawyer team is entrusted by leading industrial, chemical, energy, mining and life sciences companies. It regularly handles environmental liabilities issues concerning industrial sites. The practice is also sought out by clients to assist with new climate change regulatory issues including the implementation of the Paris Climate Agreement. The team is also active advising on industrial assets in the course of transactions. Practice head Françoise Labrousse is highly respected in the market. Counsel Armelle Sandrin-Deforge is also noted.

Leading individuals

Françoise Labrousse - Jones Day

[back to top]

Insolvency
Next Generation Partners

Fabienne Beuzit - Jones Day

[back to top]

Mergers and acquisitions
Mergers and acquisitions - ranked: tier 3

Jones Day

Jones Day focuses on cross-border, mid-cap transactions, frequently at the upper end of the bracket. It possesses expertise in a range of sectors, with recent instructions coming from the life sciences, technology and financial services sectors. ABB received advice on the sale of Entrelec, a transaction spanning more than 20 countries, and My Money Bank on the sale of its French auto loans business to Financo. Other matters came from Sanofi, CBRE Global Investors and Euronext. Sophie Hag√®ge heads the practice; other key contacts include Audrey Bontemps, Alexandre de Verdun and Ga√ęl Saint Olive. Of counsel Anne Reffay left to join¬†Ashurst LLP.

[back to top]

Project finance
Project finance - ranked: tier 3

Jones Day

[back to top]

Real estate
Real estate - ranked: tier 3

Jones Day

Jones Day‚Äôs lawyers act ‚Äėas one team, listen to their clients‚Äô requirements and protect their interests‚Äô. The practice advises listed and non-listed international investors, as well as French developers and industrial companies. It recently handled several office building transactions including one of France‚Äôs largest investment deals. The practice was also involved in large logistic portfolio transactions, notably for CBRE Global Investors and also advised Catalyst Capital on the acquisition of the A City building complex portfolio near Paris. Commercial leases and litigation are other areas of expertise. Other clients include DWS and EDF Invest. Erwan Le Douce-Bercot ¬†leads the team, which include counsel¬†Carol Khoury .

[back to top]

Tax
Tax - ranked: tier 3

Jones Day

Jones Day's tax practice¬†stands out for its ‚Äėexcellent understanding of the banking area‚Äô. The practice regularly advises banks on the tax aspects of structured financings, derivatives, capital markets and also on private equity transactions. The practice recently assisted My Money Bank with the sale of its French auto loans activity to Financo, as well as Cacib with the sale by Vivendi of its stake in Ubisoft through innovative equity derivatives. The tax team also regularly advises on domestic and global M&A transactions and also handles property tax deals. It recently acted for CBRE Global Investors on the sale of a 12 asset logistics portfolio. Emmanuel de La Rochethulon¬†leads the team.¬†Nicolas Andr√©¬†is singled out as 'an¬†excellent associate'.

Next Generation Partners

Emmanuel de la Rochethulon - Jones Day

[back to top]

France: Dispute resolution

Dispute resolution: commercial litigation
Dispute resolution: commercial litigation - ranked: tier 2

Jones Day

Jones Day¬†‚Äėis very knowledgeable about complex issues‚Äô. The ‚Äėresponsive‚Äô practice does ‚Äėan exceptional job of navigating complex situations to get to an optimal result‚Äô and has ‚Äėintimate knowledge of the industrial sector‚Äô. The team represents many leading US industrial and multinational companies, especially in the energy and oil and gas sectors, in commercial and corporate litigation. The practice is also representing several IT and technology companies in commercial disputes and manages some industrial litigation. It is acting for Micron Technology in claims for damages brought by Orange over defective telephones. Ozan Akyurek¬†‚Äėis an exceptional attorney and a great partner to go through complex, long and challenging litigation‚Äô. The practice is also acting for¬†Dexia Cr√©dit Local, SFIL and Depfa in¬†a high volume of "toxic loan" cases initiated by public sector entities. Fr√©d√©ric Gros¬†and of counsel Isabelle Maury¬†are experts in banking litigation. Finally, the hiring of Elie Kleiman¬†from Freshfields Bruckhaus Deringer LLP¬†is a very promising move: he is the ‚Äėultimate trusted adviser who you can call at any time on any subject matter, and whose unique personal charisma and powers of persuasion are always geared up exclusively to serve the interests of his clients‚Äô.

Leading individuals: Banking litigation

Frédéric Gros - Jones Day

[back to top]

France: Industry focus

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

Jones Day

The healthcare and life sciences team at¬†Jones Day¬†consists of a corporate group with M&A, private equity and capital markets capabilities and a litigation and regulatory sub-team. In recent highlights,¬†Ga√ęl Saint Olive¬†assisted Sanofi with the sale of its infectious disease unit to Evotec as well as the¬†‚ā¨158m sale to an affiliate of the Cooper-Vemedia Group of a portfolio of over-the-counter pharmaceutical brands.¬†Linda A Hesse¬†acted for Mainstay Medical on a financing matter, and¬†Geoffroy Pineau-Valencienne¬†advised HRA Pharma on its acquisition of Lysodren from Bristol-Myers Squibb. Notable contentious work included¬†Thomas Bouvet's defence of Naos in three separate patent infringement actions brought by Beiersdorf and Derma Concept; he also provided advice on regulatory issues such as market access.¬†Fran√ßoise Labrousse¬†and¬†Renaud Bonnet¬†jointly head the practice.

[back to top]

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

Jones Day

Jones Day is currently acting for Sigfox on a review and study of the regulatory and legal framework of the telecoms sectors of several African countries with regard to the licensing, terms and conditions of radio frequencies and connectivity services for the Internet of Things. Telecoms expert and practice co-head Rémy Fekete is assisting a French public investment entity with its minority stake investment in a new French operator, and is representing Djezzy in its challenge to the limitations imposed on it as an internet service provider, its official status as a dominant operator, and its effort to obtain symmetric termination rates. On the IT side, practice co-head and of counsel Olivier Haas is advising Société Générale on the drafting and negotiating of the transitional services agreement for IT and data services in the context of its divestiture of its banking and insurance activities in Croatia. Compliance with GDPR requirements, the provision of digital payment services and high-stakes disputes also feature among the firm's recent work highlights.

Leading individuals: Telecoms

Rémy Fekete - Jones Day

Next Generation Partners: Data protection

Olivier Haas - Jones Day

[back to top]

Industry focus: energy
Industry focus: energy - ranked: tier 2

Jones Day

Jones Day is retained by leading French utilities companies to advise on high-profile regulatory issues including tariff regulation. The firm is assisting EDF with the opening up of the operation of French hydropower plants to competitors and with France's tender offer to renew dams and hydropower plants concessions. Philippe Delelis and Nicolas Brice are top public law experts. The practice also advises on domestic renewable projects. It assisted La Banque Postale with the financing of several renewables projects including with the joint financing of a 20MW EDF Energies Nouvelles onshore wind farm. Sophie Chevallier is a key name for project finance work. The firm also handles oil and gas work. Rémy Fekete assisted Chevron with the negotiation of the renewal of a hydrocarbon exploration and exploitation concession in the Democratic Republic of Congo. Litigation and arbitration are also strengths.

Leading individuals: Regulatory and public law

Philippe Delelis - Jones Day

[back to top]

France: Intellectual property

Intellectual property: Patents
Intellectual property: Patents - ranked: tier 1

Jones Day

Jones Day impresses clients with its 'promptness, short turnaround times and clear communication', which one client finds personified in practice co-head Thomas Bouvet. He is currently acting for Coloplast in infringement and preliminary injunction proceedings against its competitor Hollister, and secured a victory for Naos in an aggressive infringement claim. Client such as Merck Sharp & Dohme, Lufthansa and Renault also feature on the firm's enviable client roster. Emmanuel Baud co-heads the team with Bouvet and is also an experienced litigator.

Leading individuals

Thomas Bouvet - Jones Day

[back to top]

Intellectual property: Trade marks and designs
Intellectual property: Trade marks and designs - ranked: tier 1

Jones Day

The intellectual property team at Jones Day 'is always available to provide valuable and comprehensive advice'; 'even though it is a worldwide firm, its strength lies in its ability to advise so well locally', according to one client. Emmanuel Baud leads the department with a particular focus on the wine and spirits industry, where clients instruct him to advise on issues arising from marketing, regulations, disputes and contractual matters. In recent highlights, Baud acted for a number of French administrative entities responsible for the protection of geographical indications and labelling rights in a number of disputes pertaining to the unauthorised use or registration of protected terms as trade marks by competitors. The group also obtained cancellations of European trade marks.

Leading individuals

Emmanuel Baud - Jones Day

[back to top]

France: Private equity

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

Jones Day

Jones Day¬†is experienced in advising limited and general partners on the creation of funds as well as on secondary transactions. The group fields a strong domestic practice but is increasingly active for clients from other European countries, Asia and North America. In a recent cross-border transaction involving the US and France, practice head¬†Florence Moulin¬†joined forces with Chicago- and New York-based colleagues to act for Ardian on the formation and fundraising of Ardian Growth Fund II, a ‚ā¨230m venture capital fund dedicated to innovative companies. In other work, Moulin advised Brownfields Gestion on the setting up of Brownfields 3, a ‚ā¨250m fund created for the depollution and redevelopment of industrial and tertiary brownfield sites, especially in large conurbations. Truffle Capital, Idinvest Partners and Indigo Capital are also clients.

Leading individuals

Florence Moulin - Jones Day

[back to top]

Private equity: venture/growth capital
Private equity: venture/growth capital - ranked: tier 1

Jones Day

Jones Day¬†fields one of the 'best teams in Paris' according to one client and its¬†practitioners are 'super responsive, reliable and have an outstanding knowledge of industry practices'. Technology and biotech sector-related matters form the core of the team's busy workload, with instructions spanning all financing stages from seed financing to late stage financing, with the team's experience in initial public offerings and follow-on offering another strength.¬†Renaud Bonnet, Charles Gavoty¬†and¬†Jean-Gabriel Griboul, who are 'extremely talented', jointly head the practice with¬†Geoffroy Pineau-Valencienne. Bonnet recently led advice to Recommerce and its existing investors on its ‚ā¨50m Series C financing round led by Capzanine and Creadev and assisted Bpifrance as co-investor alongside Eurazeo with a ‚ā¨35m financing round for Doctolib. In other highlights, Gavoty advised OpenClassrooms on a $60m financing round led by General Atlantic alongside existing investors Alven Capital, Citizen Capital and Bpifrance Investissement, which included US investment. Deezer, Lunchr and Wellington Partners are also clients.

Leading individuals

Charles Gavoty - Jones Day

Renaud Bonnet - Jones Day

Next Generation Partners

Jean-Gabriel Griboul - Jones Day

[back to top]


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.‚Ä©
    - Jones Day

Legal Developments in France

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • 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 .
  • Actualit√© l√©gislative fiscale

    Au del√† des mesures applicables √† l‚Äôensemble des contribuables (telles que la limitation du report des d√©ficits ou la r√©forme du mode de calcul des plus values sur cessions de participations),le plan de r√©duction des d√©ficits annonc√© le 24 ao√Ľt dernier par le gouvernement comprend des mesures qui int√©ressent sp√©cifiquement les acteurs du secteur financier.
  • R√©forme fiscale

    À la une Parmi les mesures annoncées par le Premier Ministre dans le cadre du plan de réduction des déficits, deux d’entre elles sont susceptibles d’affecter de nombreuses entreprises