The Legal 500

Cleary Gottlieb Steen & Hamilton LLP

What we say about the firm's legal practice in France

Banking and finance

Within Banking and finance, Cleary Gottlieb Steen & Hamilton LLP is a third tier firm,

Cleary Gottlieb Steen & Hamilton LLP focuses on corporate finance and advises large corporations such as Vivendi and Vallourec on loan facilities and debt restructuring. Valérie Lemaitre and Marie-Laurence Tibi are the key partners.

Capital markets

Within Capital markets, Cleary Gottlieb Steen & Hamilton LLP is a first tier firm,

Cleary Gottlieb Steen & Hamilton LLP provides ‘first-class legal advice’ in the ECM field and ‘full dedication to time-critical projects’, and represented the underwriters on Michelin’s €1.2bn rights offering. It also handles DCM work, notably advising on US offerings and liability management transactions. The team includes the ‘highly dedicated and fully hands-on’ Marie-Laurence Tibi, the ‘very knowledgeable and reliable’ Andrew Bernstein, Pierre-Yves Chabert, John Brinitzer and Valérie Lemaître.

Dispute resolution

Within Commercial litigation , Cleary Gottlieb Steen & Hamilton LLP is a second tier firm,

Cleary Gottlieb Steen & Hamilton LLP’s Jean-Yves Garaud is a highly respected litigator for corporate, post-acquisition and shareholder disputes. Counsels Delphine Michot and Olivier Loizon are also recommended. Long-term clients include BNP Paribas, ArcelorMittal and Sanofi. The practice won several key judgements in 2011 including private enforcement cases.

Within International arbitration, Cleary Gottlieb Steen & Hamilton LLP is a third tier firm,

Cleary Gottlieb Steen & Hamilton LLP’s ‘excellent’ group excels in investment and public international law work, and has acted for state entities and companies in many groundbreaking cases. It is representing the Russian Federation in three UNCITRAL disputes with Yukos’ former shareholders; and the Republic of Slovenia in proceedings launched by Bosnian individuals against the successor states to the former Republic of Yugoslavia. The practice has acted in many ICC cases. The practice is jointly led by Claudia Annacker and Jean-Yves Garaud, an ‘outstanding advocate; very clear, always right to the point and convincing’. Senior counsel Robert Greig and counsels Roland Ziadé and Olivier Loizon are also recommended.

Within Stock market litigation Other recommended firms

Within White-collar crime Other recommended firms

EU competition and distribution

Within EU competition and distribution, Cleary Gottlieb Steen & Hamilton LLP is a second tier firm,

Cleary Gottlieb Steen & Hamilton LLP is strongly recommended for ‘highly technical and strategic EU cases’. The nine-lawyer team is led by Antoine Winckler, who is one of France’s most prominent experts, and François Brunet. Leading corporations turn to the team for high-stakes antitrust and merger control work, and it is representing Lagardère in proceedings launched by Odile Jacob against the EU Commission’s approval of Lagardère and Hachette’s acquisition of Vivendi Universal Publishing.

Insolvency

Within Insolvency, tier 4

Cleary Gottlieb Steen & Hamilton LLP handles complex domestic and global financial restructuring, distressed M&A and insolvency cases. It is a regular adviser to the FSI and recently assisted H2D on the acquisition of the shares of the insolvent Helio Lys. Fabrice Baumgartner, François Jonemann and Jean-Yves Garaud are recommended.

Mergers and acquisitions

Within Mergers and acquisitions, Cleary Gottlieb Steen & Hamilton LLP is a second tier firm,

Cleary Gottlieb Steen & Hamilton LLP is marked by the ‘outstanding technicality, business acumen and attention to details shown by each of its lawyers’. It is a prominent player in French deals and, increasingly, in the emerging markets. The practice advised Groupama on its possible acquisition of a minority interest in Premafin, and Lafarge on its joint venture with PLC. Pierre-Yves Chabert is exceptional, and Marie-Laurence Tibi, John Brinitzer, François Jonemann, Jean-Marie Ambrosi, Andrew Bernstein and Fabrice Baumgartner are also recommended.

Private equity

Within Private equity, Cleary Gottlieb Steen & Hamilton LLP is a second tier firm,

Cleary Gottlieb Steen & Hamilton LLP advises several major private equity players including Arcapita, BC Partners and Qualium Investissement on large-cap transactions. Jean-Marie Ambrosi is the main contact, with Pierre-Yves Chabert also involved in some large transactions. The firm advised Bridgepoint and Eurazeo on the acquisition of Foncia.

Project finance and energy

Within Energy Other recommended firms

Within Project finance, Cleary Gottlieb Steen & Hamilton LLP is a second tier firm,

Cleary Gottlieb Steen & Hamilton LLP is advising on various large electricity, mining and infrastructure projects in Africa, and provides ‘excellent service in terms of knowledge and responsiveness’. It represents governments, contractors, sponsors and lenders, and recently advised the Gambia River Basin Organisation on a construction of a hydroelectric dam project. Jean-Pierre Vignaud, Barthélemy Faye and Gamal Abouali are recommended.

Tax

Within Tax, Cleary Gottlieb Steen & Hamilton LLP is a second tier firm,

Cleary Gottlieb Steen & Hamilton LLP’s ‘top-quality’ practice includes senior counsel Gilles Entraygues, Anne-Sophie Coustel and consultant Pascal Coudin. The team provides ‘very business-oriented’ advice on tax aspects of M&A, restructuring and securities transactions for clients such as Accor, Alstom and BNP Paribas. The practice also represents clients in tax controversies.


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