The Legal 500

Twitter Logo Youtube Circle Icon LinkedIn Icon

Weil, Gotshal & Manges LLP

2 RUE DE LA BAUME, 75008 PARIS, FRANCE
Tel:
Work +33 1 44 21 97 97
Fax:
Fax +33 1 42 89 57 90
Email:
Web:
www.weil.com

France

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

Weil, Gotshal & Manges LLP

Weil, Gotshal & Manges LLP provides ‘exceptional work’, ‘is not scared to innovate’ and has ‘an ability to integrate business aspects into strategic analysis’. The six-lawyer team is recommended for ‘high-level’ matters, particularly public procurement, high-stakes litigation, and complex regulatory and public law issues. The practice is assisting a prominent client base made up of many of France’s leading private and public sector companies in regulated areas such as energy, transport, audio-visual, telecoms and housing. It is advising on high-profile infrastructure projects, as well as strategic state aids and privatisation issues. Highlights included assisting SNCF Réseau, Aéroports de Paris and CDC consortium with the Paris-Charles de Gaulle express rail project, and Compagnie Nationale du Rhône with the renewal of its hydroelectric concessions over the Rhône River. The practice also represented Transdev before the EU Commission regarding EU State aid subsidies, and Engie before the Conseil d’Etat regarding gas transmission networks and regulated tariffs. Frédéric Salat-Baroux stands out for his ‘great understanding of clients’ needs, extremely good skills and strategic vision’: ‘after consulting his advice, clients have no more doubt about the best decision to take’. Counsel Marc Lordonnois has ‘perfect knowledge of concession law and complex projects’.

[back to top]

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

Weil, Gotshal & Manges LLP

Weil, Gotshal & Manges LLP has a proven track record in advising both buyers and sellers on merger control issues: in recent highlight work, practice head Romain Ferla assisted Elsan with its acquisition of competitor Medipôle Partenaires, and advised Ardian on the sale of its disinfectant business to US competitor Ecolab. Ferla’s team also oversees high-stakes antitrust litigation cases: Axereal instructed the group to represent it in the flour cartel case, and the French Professional Football League saw its abuse of dominant position dispute with Numericable successfully settled.

[back to top]

Insolvency
Insolvency - ranked: tier 1

Weil, Gotshal & Manges LLP

Weil, Gotshal & Manges LLP’s ‘excellent’ 12-lawyer team is usually considered as the undisputed leader in the field and provides ‘fast responses and a very deep knowledge and experience of the different proceedings and stakeholders’. Each passing year, it plays a key part in most of the market’s most complex cases, acting for debtors, shareholders or investors. Recent highlights include advising Sequana on its safeguard proceedings, and the main lenders’ ad hoc committee on Solocal’s €1.6bn debt restructuring. Jean-Dominique Daudier de Cassini is the market’s ultimate authority and Philippe Druon is another leading figure. Fabienne Beuzit is another name to note.

Leading individuals

Jean-Dominique Daudier de Cassini - Weil, Gotshal & Manges LLP

Philippe Druon - Weil, Gotshal & Manges LLP

Next generation lawyers

Fabienne Beuzit - Weil, Gotshal & Manges LLP

[back to top]

Mergers and acquisitions
Mergers and acquisitions - ranked: tier 2

Weil, Gotshal & Manges LLP

Weil, Gotshal & Manges LLP specialises in advising listed companies on complex corporate transactions, with expertise in friendly and hostile takeovers, mergers and spin-offs as well as joint ventures and acquisitions, among other areas. The team also assists with related securities regulation issues. Practice head Claude Serra, Arthur de Baudry d’Asson, Yannick Piette and Agathe Soilleux are the key names. Recent work includes advising CGG on the corporate and capital markets aspects of its $2.6bn equity and debt restructuring; assisting JCDecaux with the acquisition of a 15.4% cash stake in Eurazeo from Crédit Agricole; and advising Sanofi on the sale of its subsidiary Merial to Boehringer Ingelheim, which was undertaken through an asset swap with a total value of €11.4bn. In another highlight, the team handled Caisse d’Epargne d’Alsace’s merger with Caisse d’Epargne Lorraine Champagne-Ardenne. Caisse des Dépôts et Consignations, Orange and Vinci are also clients.

[back to top]

Tax
Tax - ranked: tier 3

Weil, Gotshal & Manges LLP

Weil, Gotshal & Manges LLP has strong private equity and M&A tax expertise and regularly advises on large transactions. The team recently assisted Vinci with the remaining sale of IndiGo, Sagard with the sale of Flaktwoods, and Advent with the acquisition of Morpho and combination with Oberthur. The practice also has strong experience in dealing with debt restructuring matters for clients such as Camaieu. The six-lawyer stand-alone practice is also instructed by leading US and UK investment funds, advises managers on personal estate and income matters and takes on litigation. Stéphane Chaouat is a strong pair of hands, while Edouard de Lamy is up and coming.

Next generation lawyers

Edouard de Lamy - Weil, Gotshal & Manges LLP (corporate tax)

[back to top]

France: Banking and finance

Transactional work
Banking and finance: Transactional work - ranked: tier 2

Weil, Gotshal & Manges LLP

Weil, Gotshal & Manges LLP has core strengths in acquisition finance, debt restructuring and leveraged finance, while its expertise in the structuring of build-up or add-on acquisitions is also of note. The group advises traditional finance players alongside alternative debt providers, such as private debt and opportunity funds. Key names include practice head Olivier Jauffret; James Clarke, who provides English law expertise; and Cassandre Porgès. The department advised JCDecaux on the €800m acquisition of a stake in Eurazeo, and assisted CVC and Elsan with the €730m leveraged finance acquisition of Medipole Group and the subsequent repricing of the incremental and existing debt. In an example of the team’s capability to handle add-on financing work, it advised Ceva on financing its acquisition of Hertape and Inova in Brazil, handled the financing of the subsequent acquisition of a Merial product portfolio from Boehringer Ingelheim and assisted with the refinancing of PIK debt; the three financings were structured as successive add-on incremental facilities under the existing senior facilities agreement. Oaktree Capital Management, Montagu Private Equity and Paprec are also clients.

Leading individuals

Olivier Jauffret - Weil, Gotshal & Manges LLP

[back to top]

France: Dispute resolution

Commercial litigation
Dispute resolution: Commercial litigation - ranked: tier 1

Weil, Gotshal & Manges LLP

Weil, Gotshal & Manges LLP is entrusted by some of France’s largest corporations and leading international investment funds to handle high-profile corporate, commercial and insolvency-related cases. The eight-lawyer team is managing an impressive caseload and recently obtained a series of successful outcomes. It represented Engie in a widely publicised case brought by Soper as minority shareholder of La Compagnie du Vent, as well as acting for Cdiscount in an unfair competition dispute with Amazon. Casino, Atos, Vivendi, Bolloré and Rothschild & Cie Banque are other clients. The firm also handles commercial arbitration. Didier Malka heads the practice and Claude Serra is also a key name. Former counsel Kyum Lee joined BDGS Associés as partner.

[back to top]

Stock-market litigation
Dispute resolution: stock-market litigation - ranked: tier 2

Weil, Gotshal & Manges LLP

Weil, Gotshal & Manges LLP has been involved in the market’s leading public takeover cases over the past few years. In recent highlight work, the group defended Eurosic against claims brought by Gecina and Adam regarding Foncière de Paris’ high-profile stock-market battle. Didier Malka and Claude Serra are the key contacts.

[back to top]

France: Private equity

LBO
Private equity: LBO - ranked: tier 1

Weil, Gotshal & Manges LLP

Weil, Gotshal & Manges LLP stands out through its ‘industry knowledge, quick answers and very strong advice’. The team undertakes domestic and cross-border work and handles transactions ranging from small-cap to large-cap matters. David Aknin heads the department, with Jean Beauchataud, Emmanuelle Henry, Frédéric Cazals and Alexandre Duguay also key practitioners. Recent highlights including advising PAI Partners on the sale of Cerba HealthCare to the Canadian Public Sector Pension Investment Board and assisting Advent International with its over €2.4bn acquisition of identity and security solution player Morpho from Safran. The group also acted for Advent International on two other mandates, the acquisition of IPH from PAI Partners and the sale of Corialis to CVC Capital Partners. Other work includes advising Vinci Concessions on the sale of a 24.6% stake in Indigo to Ardian and Crédit Agricole Assurances. Other clients include Montagu Private Equity, Antin Infrastructure Partners and Oaktree.

Leading individuals

David Aknin - Weil, Gotshal & Manges LLP

[back to top]


Further information on Weil, Gotshal & Manges LLP

Please choose from this list to view details of what we say about Weil, Gotshal & Manges LLP in other jurisdictions.

China

Offices in Shanghai and Beijing

Czech Republic

Offices in Prague

Germany

Offices in Munich and Frankfurt

France

Offices in Paris

Hong Kong

Offices in Hong Kong

London

Offices in London

Poland

Offices in Warsaw

United States

Offices in Miami, Washington DC, Redwood Shores, Houston, Dallas, New York, Boston, and Princeton

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.
  • 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.