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Jones Day


Germany

Antitrust
Antitrust - ranked: tier 4

Jones Day

Clients are ‘very satisfied with the service level’ at Jones Day and praise the firm for its ‘strong business acumen’. It has core strengths in international merger control proceedings: Carsten Gromotke advised diagnostic company Ambry Genetics on its sale to a joint venture between Konica Minolta and Innovation Network Corporation of Japan and assisted Calgon Carbon with its sale to Japanese special chemicals company Kuraray. Other focus areas are antitrust proceedings and compliance advice, which is often covered by Johannes Zöttl who is ‘an established expert in antitrust and competition law’. Jürgen Beninca joined the practice from Morgan, Lewis & Bockius LLP in July 2017. His areas of specialism include fine proceedings, actions for damages and topics related to distribution antitrust law.

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Employment
Employment - ranked: tier 5

Jones Day

With transactional employment law work at its core, the ‘responsive and flexible’ team at Jones Day advised long-term client Plastic Omnium Group on employment law matters pertaining to the acquisition of Swiss Hydrogen and Belgium company Optimum CPV BVBA. The practice also assisted Emeram Capital Partners with the acquisition of Meona and E.care bvba. Team head Friederike Steininger is ‘an outstanding negotiator’ and ‘picks up the subject matter quickly and has a precise understanding of the client’s situation’.

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Tax
Tax - ranked: tier 7

Jones Day

With ‘a high level of dedicationJones Day focuses on M&A-related tax law assistance and is primarily instructed by the finance industry and property sector. It frequently also advises on securitisation programmes. Practice head Klaus Herkenroth, whose specialist and industry expertise is considered ‘excellent’, advises Volkswagen Bank, among others, on tax law advice pertaining to Driver Master, the securitisation platform for car loans worth a total €10bn. The firm also provided tax law assistance to an investment bank with regards to financing the acquisition of a property portfolio by an investment company worth several billion, and advises a group on a review of transfer prices as well as on issues concerning insuring goods against potential damages. Florian Lechner joined from Linklaters at the beginning of 2019.

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Germany: Banking and finance

Lending and borrowing
Lending and borrowing - ranked: tier 5

Jones Day

Jones Day provides advice on acquisition finance, corporate loans and real estate finance to both lenders and borrowers and, in doing so, frequently acts in co-operation with other offices across the network. Together with its New York office, of counsel Sascha Schmidt advised Auria Solutions USA on matters pertaining to a $350m loan granted by Bank of America consisting of a long-term loan valued at $100m, a $150m revolving credit line and a $100m fixed-term loan with deferred claim. He also assisted the management of Stürtz Maschinenbau with financing matters pertaining to the sale of its majority stake to CGS, a Swiss private equity firm, while team head Sandra-Christiane Kamper advised Emeram Capital Partners on the acquisition and the financing of two parallel transactions in the healthcare sector: firstly, the acquisition of Meona and, secondly, the acquisition of E.care bvba. Hunnewell Partners instructed the team to advise on issues concerning its joint venture with Georgian Co-Investment Fund to found Cement Invest as well as the joint venture’s acquisition of 50% voting rights and 45% of CaucasusCement Holding’s equity from HeidelbergCement Central Europe East Holding. Claudia Leyendecker is the main contact for real estate finance.

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Germany: Capital markets

Structured finance and securitisation
Structured finance and securitisation - ranked: tier 3

Jones Day

The ‘fine’ practice at Jones Day is particularly strong in the securitisation of car loans, leasing receivables and trade receivables alongside banking supervisory matters but the team also handles derivatives, leading to regular instructions from national and international credit institutions, companies and alternative lenders. ‘Very professional and client-oriented’ team head Ulf Kreppel advised FCA Bank on the introduction of a securitisation programme for car loans and leasing receivables. Martin Schulte joined in May 2018 as European counsel and was previously at the European Central Bank (ECB).

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Germany: Corporate and M&A

M&A: large deals (€500m+)
M&A: large deals (€500m+) - ranked: tier 3

Jones Day

Jones Day fields M&A lawyers in Frankfurt, Dusseldorf and Munich, which frequently cooperate with US colleagues on large-cap deals. For example, the group assisted Cardinal Health with the $6.1bn acquisition of some of Medtronic’s businesses, and advised Procter & Gamble on the €3.4bn acquisition of Merck’s global consumer health business, both of which were led by a US team. The German group coordinated advice for Hilti on its acquisition of the Norwegian company Oglaend System. Practice heads Ansgar Rempp and Martin Schulz are noted, and Christian Krebs and Markus Weber made partners in January 2018.

Leading individuals

Ansgar Rempp - Jones Day

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Germany: Dispute resolution

Commercial litigation
Commercial litigation - ranked: tier 5

Jones Day

Firmly integrated into the global partnership, Jones Day’s German practice covers the full range of commercial and contractual disputes, and is experienced in arbitration and product liability cases. The group also provides preventive advice and represents clients in conflicts in the fields of energy, planning, construction and infrastructure projects. Highly regarded practice head Dieter Strubenhoff, together with antitrust lawyer Jürgen Beninca (a new addition from Morgan, Lewis & Bockius LLP in July 2017), defended a group of companies in a dispute concerning the prosecution of antitrust claims for damages. In addition, Strubenhoff was involved in several arbitration proceedings. Johannes Willheim represented an energy company in negotiations with a competitor regarding mutual claims. Anna Masser, who made partner in January 2019, is also singled out.

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Germany: Industry focus

Telecoms
Telecoms - ranked: tier 2

Jones Day

Jones Day’s telecoms practice has a key focus on providing regulatory advice; practice head Holger Neumann has broad experience in this field. The firm’s workload ranges from handling proceedings at the Federal Network Agency on regulation of fees, frequency allocation procedures and termination charges to advising satellite providers and OTT providers. Another pillar of the practice is IoT projects, particularly in connection with drones and autonomous driving. Highlights included representing Google in administrative court proceedings against the Federal Network Agency concerning the reporting requirements of Gmail; the key question was submitted by the Higher Administrative Court of Münster at the ECJ via a referral decision. The team is also able to leverage the firm’s international presence, and recently advised an international technology company on the global regulatory frameworks for a new WAN service. Other clients include Verizon Deutschland, Deutschlandradio and Communication Services Tele 2.

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Germany: Information technology

Data protection
Data protection - ranked: tier 2

Jones Day

Jones Day’s ‘very strong data protection team’ is considered ‘a good partner for multinational corporations due to the high number of offices and the quality of the practitioners’. With ‘excellent response times and extremely good industry expertise’, the group advises on cross-border compliance and data transfer projects, cybersecurity, data protection infringement in the context of internal investigations and in the area of eHealth as well as GDPR implementation. Clients also appreciate that the team ‘always offers good alternative solutions’. The team frequently provides data protection advice on transactions, including assisting Cardinal Health with the acquisition of Cordis from Johnson & Johnson and the acquisition of business units Patient Care, Deep Vein Thrombosis and Nutritional Insufficiency from Medtronic for $6.1bn; it also advises the same client on GDPR implementation. For Cylance, the team is handling data protection and contractual matters concerning the distribution of cloud-based AI IT security measures. Litigation is another strength and the team regularly represents Icann in negotiations with data protection authorities regarding data protection requirements and is handling injunction proceedings at the regional court of Bonn against Epag Domainservices concerning the issue of what personal data registrars such as Epag have to collect and save in the context of the award of internet domains according to the GDPR. Key figure Undine von Diemar is ‘really good’.

Leading individuals

Undine von Diemar - Jones Day

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Information technology (including contracts)
Information technology (including contracts) - ranked: tier 4

Jones Day

As well as placing a great focus on data protection advice, Jones Day’s spectrum of services in the IT area also range from transactional advice and cloud computing matters to IT-related disputes. It has particular expertise in the fintech area; the firm’s global blockchain and technology task force focuses on issues surrounding cross-border technologies, including blockchain technology. The team is advising Deutsche Börse on a cooperation and IT service agreement concerning the development and implementation of a distributed ledger technology-based so-called collateral coin in order to make federal funds available and tradable on the blockchain. Undine von Diemar and Ted Kroke are advising Cylance on contract law matters concerning the distribution of cloud-based AI IT security solutions. Another client is Cray, which the firm is representing in IT tender procedures, while the team advised Rational on the drafting of contracts for the international partner network and global IoT services. The group also provides advice to the market leader in CRM software Salesforce.com, which is a longstanding client.

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Germany: Intellectual property

Patent litigation
Patent litigation - ranked: tier 3

Jones Day

While handling disputes in the pharmaceutical area remains an important pillar of Jones Day’s litigation practice, the team also saw highlights in other sectors, including representating Lufthansa Technik in infringement proceedings against a US supplier regarding cabin electronics; the cross-border proceedings demonstrate the strong international orientation of the German practice. Patent attorney Martin Weber heads the team, which includes key figures Christian Paul and Gerd Jaekel; both are qualified as attorneys at law and a chemist and physicist respectively. Other clients include CJ CheilJedang, Puma Biotechnology and BioMarin Pharmaceuticals.

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Patent prosecution
Patent prosecution - ranked: tier 2

Jones Day

Jones Day is particularly well positioned in the pharmaceutical, chemistry and biotechnology areas, which following the departure of Bojan Savic to K&L Gates in April 2018 is handled by practice head Martin Weber and Olga Bezzubova at partner level. Dorothée Weber-Bruls and Andreas Holzwarth-Rochford are the key contacts for matters related to physics, mechanical and electrical engineering and technology, including artificial intelligence. The firm advised Akebia Therapeutics on its patent portfolio for erythropoietin substitutes, partially in cooperation with firm colleagues in the US in order to use a US discovery procedure for opposition proceedings. The team advised SMR Patents on freedom-to-operate analyses of camera systems and semi-autonomous vehicles; the team is now also acting for several of the client’s subsidiaries. Other clients include Sunrise Medical, Celgene and Rational.

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Germany: Private equity

Transactions
Transactions - ranked: tier 5

Jones Day

Jones Day is experienced advising on medium and large-volume transactions as well as public takeovers, which also led to the group being instructed by market research group GfK on the voluntary public takeover bid of the holding company KKR. The advice was led by Ansgar Rempp, who, along with Ivo Posluschny and Philipp Grzimek, is one of the central figures in the team. Posluschny assisted EagleTree Capital with the acquisition of a majority stake in the German Airtech Group, a printing technology specialist headquartered in Werneck; while it also advised the financial investor, including its portfolio company Corsair, on the acquisition of Elgato Systems’ gaming business. An example of the increasing number of Asia-related instructions is assisting private equity investor PAG Asia Capital with its co-investment in Takata’s airbag business by the Key Safety Systems (KSS) group.

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Germany: Public sector

State aid
State aid - ranked: tier 3

Jones Day

The highly respected Philipp Werner leads Jones Day’s state aid team, which operates at both national and cross-border levels. In a recent domestic highlight, it advised Saxon energy agency Saena on reviewing current financing in light of EU state aid regulation. The group also assisted a clinic with cross-border research and development cooperation in the healthcare sector.

Next Generation Partners

Philipp Werner - Jones Day

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Germany: Real estate and construction

Real estate
Real estate - ranked: tier 3

Jones Day

Sandra Kamper heads the team at Jones Day, which focuses on providing assistance with sales, acquisitions and financings of logistics, office, hotel and residential properties. The practice recently advised Pears Global Real Estate Germany on the sale of a mixed-use portfolio consisting of 49 properties to a specialised fund, and assisted a foreign investor with its German market entry and the acquisition of a logistics portfolio. Nicole Kadel and Christian Trenkel acted for Renewable Energy on the acquisition of a nationwide portfolio consisting of onshore wind farms and solar power plants.

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Germany: Restructuring and insolvency

Restructuring
Restructuring - ranked: tier 4

Jones Day

Jones Day is sought out for advice on out-of-court restructurings, distressed M&A transactions, contract re-negotiations, and the enforcement and defence of liability and rescission claims. A significant proportion of clients are from the automotive industry, including Toyota. Practice head Olaf Benning advised an investment firm on the review of documents relating to the acquisition of debt securities. He also advised a management consultancy on matters relating to Chapter 11 proceedings of the distressed parent company. Ansgar Rempp is ‘very good and clever’.

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Further information on Jones Day

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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 Germany

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