The Legal 500

Sullivan & Cromwell LLP

Work +33 1 73 04 10 00
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Washington DC, Tokyo, Sydney, Paris, Palo Alto, New York and 6 more



  • France: Capital markets > Debt
  • France: Capital markets > Equity

Latin America: International firms

Top-tier recommendations


Within Insurance, Sullivan & Cromwell LLP is a second tier firm,

As co-head of Sullivan & Cromwell LLP’s worldwide insurance practice, William Torchiana is a reference for complex regulatory and transactional work. He assisted Axa with a groundbreaking deal in the Chinese insurance industry through its investment in Tian Ping.

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Within Mergers and acquisitions, Sullivan & Cromwell LLP is a third tier firm,

Sullivan & Cromwell LLP provides ‘a really good level of service’. Recent transactions include assisting EDF with the acquisition of Dalkia France, acting for Realia Business during the sale of its controlling stake in SIIC de Paris and advising IntercontinentalExchange on its $8.2bn acquisition of NYSE Euronext. Practice co-head Olivier de Vilmorin is the key partner in the practice along with the ‘highly committed’ William Torchiana.

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Within Tax, Sullivan & Cromwell LLP is a second tier firm,

Sullivan & Cromwell LLP’s ‘extremely knowledgeable’ team is particularly recommended for ‘highly complex transfer pricing matters’ and is also retained to handle ‘high-value work involving discussions with the French tax authorities’, as well as M&A and capital markets transactions. It assisted Vivendi with SFR’s spin-off and regularly advises Total and Alcatel-Lucent. The ‘very experienced’ Gauthier Blanluet has ‘excellent credibility with French tax authorities’. The young and ‘technically excellent’ Nicolas de Boynes already ranks among ‘the best tax advisers in France’.

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France: Capital markets

Within Debt, Sullivan & Cromwell LLP is a second tier firm,

Sullivan & Cromwell LLP advises leading French corporations such as Alcatel-Lucent, EDF and Total on large US debt offerings. Olivier de Vilmorin, senior counsel Patrick Bonvarlet, Krystian Czerniecki and William Torchiana form the core of the practice.

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Within Equity, Sullivan & Cromwell LLP is a second tier firm,

Sullivan & Cromwell LLP represented the underwriters on IPOs by GTT and Tarkett, and assisted Alcatel-Lucent with a share capital increase. Olivier de Vilmorin, senior counsel Patrick Bonvarlet, Krystian Czerniecki and William Torchiana are the names to note.

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Latin America: International firms

Within Corporate and M&A, Sullivan & Cromwell LLP is a first tier firm,

While Sullivan & Cromwell LLP operates a comparatively lean team of multi-specialist attorneys focused on Latin America, it has an exceptionally impressive practice and an equally illustrious track record, with the group well integrated with, and able to drawn on the capabilities of, the rest of the global firm. At the helm of the practice, Sergio Galvis is ‘up there’ as one of the elite Latin America focused practitioners in the international legal market; he ‘tries hard to get the deal done’ and is ‘willing to work through the issues’, and is ‘a go-to guy’ for international transactions. He has worked alongside numerous other senior lawyers at the firm on headline transactions, including many recently in the financial institutions sector. The firm acted for Bancolombia, the largest commercial bank in Colombia, on its $2.2bn acquisition of HSBC (Panama) and its subsidiaries, which was the largest ever cross-border acquisition by a Colombian company and saw Galvis leading the advice alongside New York partner Andrew Gerlach, a senior figure in the firm’s financial institutions group. In another highlight, Galvis teamed up with Paris partner William Torchiana to advise Spanish bank BBVA on the sale of its pensions and annuities business in Chile, Colombia, Ecuador, Mexico and Peru, including the $1.74bn sale of its Mexican pension fund administrator. The firm is also active away from financial institutions transactions, in 2013 advising Anheuser-Busch InBev on its $20.1bn acquisition of the 50% stake it did not already own in Grupo Modelo, and also acting for Cementos Argos (Colombia) on its acquisition of Lafarge’s 53% stake in Lafarge Cementos, the Honduran cement company. The firm provides the ‘very best you can get from a New York law firm’; the team is noted for its ‘impeccable responsiveness’, ‘creative thinking’, ‘business acumen’, and ability to ‘resolve difficult issues’. Newly promoted partner Werner Ahlers and established name Christopher Mann are ‘exceptionally hardworking and committed to achieving the right result’. In Washington DC, Robert Risoleo is ‘meticulous’ and ‘practical’.

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Further information on Sullivan & Cromwell LLP

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


Offices in Melbourne and Sydney


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Hong Kong

Offices in Hong Kong

Latin America: International firms


Offices in Tokyo


Offices in London



United States

Offices in Washington DC, New York, Los Angeles, and Palo Alto

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.

    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.

    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.

    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

    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.

  • 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.