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Shearman & Sterling LLP

7 RUE JACQUES BINGEN, 75017 PARIS, FRANCE
Tel:
Work +33 1 53 89 70 00
Email:
Web:
www.shearman.com

France

Insolvency
Insolvency - ranked: tier 4

Shearman & Sterling LLP

Shearman & Sterling LLP has strong experience in handling financial restructuring cases, while also dealing with insolvency matters. The four-lawyer team is regularly involved in large cases, advising creditors, investors and some debtors. It represented Altis Semiconductor in its bankruptcy and reorganisation proceedings. Pierre-Nicolas Ferrand, who heads the finance practice, is the key contact. Philippe Wolanski, formerly a counsel with the firm, joined Watson Farley & Williams LLP as a partner in 2018.

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Mergers and acquisitions
Mergers and acquisitions - ranked: tier 3

Shearman & Sterling LLP

Despite its compact team, Shearman & Sterling LLP is regularly involved in high-value transactions for French and international clients, frequently handling cross-border instructions. The ‘well-respected’ team is largely active in the energy, TMT and banking sectors, and acts for buyers and sellers on private and public M&A deals and joint ventures. ‘Excellent and business-oriented’ practice head Guillaume Isautier has ‘impeccable negotiation tactics and is instrumental in bridging the parties’ opposing interests’. Nicolas Bombrun regularly leads on headline deals, such as advising Jin Jiang International Hotels on its investment in Accor and acting for Bpifrance Participations, as part of a consortium, on the purchase of Morpho from Safran. Barbara Le Chapellier and Marie Pouget were promoted to counsel. Other clients include Vivendi, Amundi and Nokia.

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Tax
Tax - ranked: tier 3

Shearman & Sterling LLP

‘Best in class’ Shearman & Sterling LLP provides a unique ‘combination of experience, technical skills and strategic vision’. The three-lawyer team is a top choice for tax advice on complex private and public M&A as well as private equity transactions; the client roster includes the largest French, US and Asian companies as well as private equity funds. The practice recently worked on some high-profile M&A transactions and also handled top international DCM work. Highlights included assisting Japan Nuclear Fuel Limited with its investment in New Areva, Jin Jiang with its majority investment in Accor, and Bolloré with a €500m bond issuance. Practice head Niels Dejean ‘is very analytical, rigorous, opinionated and business-oriented which brings huge value to his advice’. Counsel Anne-Sophie Maes is also recommended.

Leading individuals

Niels Dejean - Shearman & Sterling LLP (transactional/corporate tax)

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France: Banking and finance

Transactional work
Other recommended firms - ranked: tier 1

Shearman & Sterling LLP

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France: Capital markets

Equity
Capital markets: Equity - ranked: tier 2

Shearman & Sterling LLP

Shearman & Sterling LLP’s ‘very responsive’ team stands out for its ‘creative approach to legal issues’ and has broad expertise in IPOs, block trades and right offerings, including the ability to handle cross-border transactions for issuers and underwriters alike. Employee shareholding-related mandates are another strength. Sami Toutounji and the ‘very well-respected’ Hervé Letréguilly, whose ‘innovative mind-set is very valuable’, jointly head the practice. Counsel Séverine de la Courtie has ‘created long-term relationships with banks, advisers and issuers alike’. The team advised the Agence des Participations de l’Etat on an approximately €1.1bn block trade deal in the form of a private placement by way of an accelerated bookbuilding, and assisted Oddo and Gilbert Dupont with the Gensight Biologics’ IPO on the Euronext regulated market. The team also advises on the regulatory aspects of capital market transactions, including assisting various CAC 40 clients, including Amundi and Arkema, with the Market Abuse Regulation. Alstom, L’Oréal and Crédit Agricole Corporate and Investment Bank are other clients.

Leading individuals

Hervé Letréguilly - Shearman & Sterling LLP

Next generation lawyers

Séverine de la Courtie - Shearman & Sterling LLP

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France: Dispute resolution

International arbitration
Dispute resolution: International arbitration - ranked: tier 1

Shearman & Sterling LLP

Shearman & Sterling LLP has established itself as the leading ultimate reference for international arbitration in France: the Paris office is home to the firm’s international arbitration hub and to one of the market’s largest teams with 50 dedicated lawyers, who have a unique track record and consistently attract instructions on multibillion-dollar disputes in relation with the Arabic world, Africa and Europe. The group is managing a diverse and prominent commercial and investment arbitration portfolio spanning construction, telecoms, oil and gas price review and exploration issues. Recent highlights include representing Ukraine in an ICSID arbitration initiated by Emergofin and Velbay regarding an aluminium and alumina production company. The practice also obtained a precedent-setting victory regarding abusive claim definition when defending Algeria in a $4bn ICSID arbitration initiated by Orascom TMT. Areva, Yukos Oil‘s former majority shareholder, Egyptian Natural Gas, the Arab Republic of Egypt, Sonatrach, the Government of Lithuania and EDF are clients. Heading the firm’s global practice, Emmanuel Gaillard is the one and only market's leading figure in France. Yas Banifatemi, who leads the global public international law practice, also stands out. Coralie Darrigade, Jennifer Younan, Maude Lebois and Mohamed Shelbaya are key members, along with counsels Daniel Reich and Benjamin Siino.

Leading individuals: international arbitration

Emmanuel Gaillard - Shearman & Sterling LLP

Yas Banifatemi - Shearman & Sterling LLP

Next generation lawyers

Mohamed Shelbaya - Shearman & Sterling LLP

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Further information on Shearman & Sterling LLP

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

United Arab Emirates

Offices in Abu Dhabi and Dubai

Angola

Belgium

Offices in Brussels

China

Offices in Beijing and Shanghai

Germany

Offices in Frankfurt

Algeria

France

Offices in Paris

Hong Kong

Offices in Hong Kong

Indonesia

Latin America: International firms

India

Italy

Offices in Rome and Milan

Japan

Offices in Tokyo

London

Offices in London

Malaysia

Mozambique

Philippines

Qatar

Asia Pacific: Regional International Arbitration

Singapore

Offices in Singapore

South Korea

Saudi Arabia

Offices in Riyadh, Al-Khobar, and Jeddah

United States

Offices in Washington DC, New York, San Francisco, Menlo Park, and Austin

Vietnam

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