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Latham & Watkins


France

Derivatives, structured finance and securitisation
Other recommended firms - ranked: tier 1

Latham & Watkins

Leading individuals

Thomas Vogel - Latham & Watkins

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EU, competition and distribution
EU, competition and distribution - ranked: tier 3

Latham & Watkins

Jeantet has particularly strong contentious capabilities as recently demonstrated by its successful appeal against the FCA’s decision to fine dairy producers on the grounds of anticompetitive practices on behalf of Lactalis. In other work, practice head Loraine Donnedieu de Vabres-Tranié teamed up with Thomas Picot to represent several entities belonging to the Elite group – including Elite Model Management – in FCA proceedings arising from allegations of concerted pricing practices, while Florent Prunet is acting for Fnac in a follow-on damages claim related to a competitor’s alleged anticompetitive behaviour and assisting the National Rugby League with home grown players regulations and salary cap issues arising from a complaint filed before the European Commission by a French club. Latham & Watkins attracts praise for its ‘international capacity, strong teams and relevant experience in a wide array of sectors’. The antitrust and competition offering is headed by ‘excellent team leader’ Frédéric Pradelles, who impresses with ‘great style and open disposition’, and Hugues Vallette Viallard, who splits his time between Paris and Brussels and has strong experience in cartel investigations and merger clearance work. Vania and SCA appointed the group to represent it in an appeal against the FCA’s decision to fine thirteen cosmetics and hygiene companies for cartel behaviour, and Pradelles successfully represented American Airlines in litigation proceedings against online travel agent Viaticum regarding the unauthorised redistribution of its data and the subsequent suspension of data flow. Other noteworthy work highlights include merger clearance work for clients such as Nissan and Accor. Edenred, Dachser and Labeyrie Fine Foods also feature in the group’s client roster.

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Employment
Employment - ranked: tier 2

Latham & Watkins

Latham & Watkins, which shows ‘great ability to quickly analyse issues at stake’, is entrusted by many leading French corporations, as well as some large international groups and new major client wins to handle high-stakes matters. The ‘available and responsive’ eight-lawyer team was recently involved in two landmark M&A transactions and has great experience in handling mass litigation. Notably, the practice is defending a bank in a very sensitive case initiated by traders regarding bonuses and is dealing with complex and high-stakes co-employment, international contract status and social security contribution matters. Compliance is another area of expertise. Matthias Rubner, who is in sole charge following Agnès Cloarec-Mérendon retirement, has ‘deep and perfect knowledge of the German language and legislation’. Counsel Emily Grimshaw is also involved.

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Insolvency
Insolvency - ranked: tier 4

Latham & Watkins

Latham & Watkins usually acts for investors and creditors, although the group was recently also retained by banks in a major case. Recent work includes representing Airwell Residential during Airwell's bankruptcy. The firm is also regularly involved in pan-European and cross-border cases. Hervé Diogo Amengual is in charge.

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Mergers and acquisitions
Mergers and acquisitions - ranked: tier 2

Latham & Watkins

The ‘excellent’ Latham & Watkins provides ‘first-class advice’ and fields a strong transactional practice acting for private and public companies on matters ranging from joint ventures to disposals, mergers, acquisitions, and restructurings. In an example of the group’s ability to handle complex matters, it advised FMC Technologies on its €13bn merger with Technip, which involved assisting with EU cross-border merger regime issues. Other highlights include acting for the board of directors of Alcatel-Lucent on its strategic combination with Nokia, and advising Nissan on the acquisition of 34% of the share capital of Mitsubishi. Pomona, the Agence des Participations de l’Etat and Vinci Construction are new clients. Olivier du Mottay, Patrick Laporte and Pierre-Louis Cléro are the key names.

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Tax
Tax - ranked: tier 2

Latham & Watkins

Latham & Watkins is at the market's forefront for large LBO tax matters while also advising on some high-profile M&A deals. Debt and equity capital markets are also dealt with at the highest level: the team recently advised on the tax aspects of a series of major IPOs and is the market's reference for high-yield issuances. The seven-lawyer group acts for leading PE funds and corporations. Highlights included advising FMC Technologies on its merger with Technip, ICG on its €2.8bn LBO of DomusVi, and the Canadian Public Sector Pension Investment Board on its joint acquisition of Cerba HealthCare. Xavier Renard and Olivia Rauch-Ravisé are strongly recommended.

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France: Banking and finance

Transactional work
Banking and finance: Transactional work - ranked: tier 1

Latham & Watkins

Latham & Watkins’ practice focuses on acquisition finance, asset finance, real estate and project finance. Practice head Michel Houdayer, Xavier Farde and Lionel Dechmann advised on an impressive range of matters, handling several large-cap deals in addition to having a strong core in the mid- and upper mid-markets. Recent highlights on the borrower side include assisting Partners Group with its senior and second lien €1.8bn financing of the acquisition of residential real estate company Foncia; and advising Shandong Ruyi Group on a revolving credit facility together with a senior bond offering pertaining to the acquisition of Groupe SMCP, which involved the firm’s offices in China, Hong Kong, London and the US. On the lender side, the team acted for Morgan Stanley on the term loans and revolving credit facility concerning Oberthur Technologies’ debt refinancing and acquisition of Safran’s identity and security company Morpho. Other work includes assisting BNP Paribas, HSBC France, ING, Natixis and Société Générale with the bridge financing for the acquisition of SAG Group by Spie. J.P. Morgan, Goldman Sachs and Nomura are also clients.

Leading individuals

Xavier Farde - Latham & Watkins

Next generation lawyers

Lionel Dechmann - Latham & Watkins

Michel Houdayer - Latham & Watkins

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France: Capital markets

Debt
Capital markets: Debt - ranked: tier 2

Latham & Watkins

Latham & Watkins has strengths handling high-yield debt financing and is able to advise on French, New York and English law from its office in Paris. Practice head Thomas Margenet-Baudry is the key name in a team that regularly cooperates with the firm’s banking department. Highlights included advising Bank of America Merrill Lynch on the issue of 9.5% senior secured notes and assisting Burger King France with the issue of €250m floating-rate senior secured notes and a separate issue of senior secured notes. Other work includes advising Crédit Suisse on the financing of Paprec’s acquisition of Coved where the purchaser’s existing high-yield green bond structure was used to finance the acquisition. Deutsche Bank, BNP Paribas and Cerba HealthCare are also clients.

Leading individuals

Thomas Margenet-Baudry - Latham & Watkins

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Equity
Capital markets: Equity - ranked: tier 2

Latham & Watkins

Latham & Watkins is especially active in IPOs, block trades and accelerated bookbuilding instructions. Practice head Thomas Margenet-Baudry has established the department’s position in the mid-to high-six-figure-sector of the market, as illustrated in its advice to Maisons du Monde on a €360m IPO and three major block trades in 2016 and 2017 with a combined value exceeding €500m. In the bookbuilding sector, the team advised on accelerated bookbuilding offers for Lectra and Lectra shareholder André Harari as well as for Vipshop International Holdings, both mandates that required a close cooperation with the firm’s corporate department.

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France: Dispute resolution

Commercial litigation
Other recommended firms - ranked: tier 1

Latham & Watkins

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

Latham & Watkins

Latham & Watkins has built ‘an excellent team and excellent reputation’. The 13-lawyer Paris group, which handles commercial and investment arbitration cases, is well known for its Latin American capabilities and is dealing with many disputes in the oil and gas and energy sectors; it recently earned a series of new instructions from Latin American companies as well as from some leading French companies. The recent caseload includes representing the Republic of Colombia in an ICSID arbitration with Eco Oro Minerals for expropriation in the gold mining sector and acting for Charanne, Construction Investments, Roadis and Novenergia II in SCC arbitrations with Spain pertaining to the photovoltaic sector. It is also involved in a billion-dollar case in Brazil. Fernando Mantilla-Serrano, who co-chairs the firm‘s international practice, is ‘a great advocat with persuasive and detail-oriented skills’. Fabrice Fages and counsel John Adam are other names to note.

Leading individuals: international arbitration

Fernando Mantilla-Serrano - Latham & Watkins

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France: Industry focus

IT, telecoms and the Internet
Industry focus: IT, telecoms and the Internet - ranked: tier 1

Latham & Watkins

Latham & Watkins’ IT and telecoms offering is led by transactions and contracts specialist Jean-Luc Juhan and experienced litigator Myria Saarinen. A household name client instructed a team led by Juhan to oversee the reorganisation of its telecom infrastructures, the renegotiation of an outsourcing contract and various information technology projects related to e-marketing; on the contentious side, Saarinen successfully represented a healthcare company in litigation which arose from the termination of a public procurement contract for a healthcare IT project and a counterclaim on the grounds of wrongful termination. The practice also provides day-to-day advice on data privacy matters, digitalisation and cloud-based projects, commercial agreements with distributors and third parties, and IT issues arising from corporate transactions in the technology space. LVMH, L’Oréal and Amazon are among the key clients.

Leading individuals

Jean-Luc Juhan - Latham & Watkins

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France: Private equity

LBO
Private equity: LBO - ranked: tier 1

Latham & Watkins

Latham & Watkins advises on LBO transactions of private and public companies, with particular strength in competitive auction and carve-out matters, but the team also has experience in joint ventures, exclusive transactions and club deal mandates. Practice head Gaëtan Gianasso, who along with Thomas Forschbach is qualified in England and Wales, Olivier du Mottay and Denis Criton are the key names; Forschbach is also admitted to the German bar. The department acts for fund sponsors, investors, banks and sellers and has recently been active in a number of high-profile matters, such as ICG’s €2.5bn majority investment in the DomusVi Group involving a pre-emptive offer. Other highlights include advising the Canadian Public Sector Pension Investment Board on the €1.9bn acquisition of Cerba HealthCare from PAI Partners, and assisting Ardian with its 60% investment in the global products solutions division of Assystem, in a complex cross-jurisdictional carve-out matter. Advent International, Blackstone, Bridgepoint and the Carlyle Group are other clients.

Leading individuals

Olivier du Mottay - Latham & Watkins

Thomas Forschbach - Latham & Watkins

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Latin America: International firms

International arbitration
International arbitration - ranked: tier 3

Latham & Watkins

The growing practice at Latham & Watkins handles a mix of investment treaty arbitration and high-stakes commercial disputes. It recently advised on a number of multimillion-dollar construction disputes in the energy sector in countries including Bolivia, Brazil and Colombia, as well as on a range of commercial arbitrations. Group head Fernando Mantilla-Serrano is representing Refinadora Costarricense de Petróleo as the respondent in an ICC arbitration brought by a subsidiary of an Asian state-owned oil-and-gas company regarding a joint venture dispute; he is also defending the Republic of Colombia in an ICSID arbitration brought by Eco Oro Minerals concerning the adoption of regulatory measures in the gold mining sector. The team operates from across the firm’s geographic footprint, with key practitioners based in Paris, Madrid, London, New York, San Francisco and San Diego. Notable practitioners include counsel John Adam, who is a barrister with Spanish and Portuguese language capabilities, and the London-based Charles Claypoole and Sophie Lamb.

Leading lawyers

Fernando Mantilla-Serrano - Latham & Watkins

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Further information on Latham & Watkins LLP

Please choose from this list to view details of what we say about Latham & Watkins LLP in other jurisdictions.

United Arab Emirates

Offices in Dubai

Belgium

Offices in Brussels

China

Offices in Shanghai and Beijing

Germany

Offices in Hamburg, Frankfurt, Munich, and Dusseldorf

Spain

Offices in Madrid and Barcelona

France

Offices in Paris

Hong Kong

Offices in Hong Kong

Indonesia

Latin America: International firms

India

Italy

Offices in Milan and Rome

Japan

Offices in Tokyo

Malaysia

Philippines

Russia

Offices in Moscow

Singapore

Offices in Singapore

South Korea

Offices in Seoul

Saudi Arabia

Offices in Riyadh

United States

Offices in Chicago, Washington DC, Silicon Valley, Orange County, Newark, New York, San Diego, San Francisco, Los Angeles, Houston, Boston, and Century City

London

Offices in London

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 .
  • 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.
  • Réforme 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