The Legal 500

Cleary Gottlieb Steen & Hamilton LLP

12 RUE DE TILSITT, 75008 PARIS, FRANCE
Tel:
Work +33 01 40 74 68 00
Fax:
Fax +33 01 40 74 68 88
Web:
www.cgsh.com
Washington DC, Seoul, Sao Paulo, Rome, Paris, New York and 10 more

France

Top-tier recommendations

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

Recommendations


Latin America: International firms

Recommendations


France

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

Cleary Gottlieb Steen & Hamilton LLP expertly advises leading French corporations on the negotiation of large facility agreements, such as Vivendi and Rexel on the negotiation of their respective €1bn revolving credit facility agreements. The team is also busy handling major debt restructuring deals and assisted the Hellenic Republic with the restructuring of its sovereign debt. Barthélemy Faye, Valérie Lemaitre and Fabrice Baumgartner are the key contacts.

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

Cleary Gottlieb Steen & Hamilton LLP’s ‘reactive team’ gets ‘to the bottom of things’ and ‘finds solutions’. It is currently involved in global investigations and regularly handles antitrust matters before the French and European authorities. The practice recently earned a landmark victory for Euro Cargo Rail in an abuse of dominant position case against SNCF in the railway freight sector. The firm also advised Dexia on state aid and is representing Henkel in the detergent cartel proceedings in France. The team also undertakes merger control work. The 12-lawyer practice includes renowned figure Antoine Winckler, ‘brilliant technician’ François Brunet, newly promoted partner François-Charles Laprévote, and counsel Frédéric de Bure.

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Within Insolvency, tier 4

Cleary Gottlieb Steen & Hamilton LLP has strong experience in sophisticated cross-border restructuring and distressed M&A. It represented Walt Disney in the refinancing of Euro Disney’s debt. Fabrice Baumgartner, François Jonemann and Marie-Laurence Tibi are key contacts.

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

Cleary Gottlieb Steen & Hamilton LLP advises many large French and multinational corporations including ArcelorMittal and BNP Paribas. The practice is regularly involved in France’s most sophisticated transactions and assisted Kering regarding Fnac’s spin-off. Key figures in the team include Pierre-Yves Chabert, who is regarded as being arguably France’s leading corporate adviser, as well as Jean-Marie Ambrosi, John Brinitzer, Fabrice Baumgartner and Amélie Champsaur.

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

Cleary Gottlieb Steen & Hamilton LLP’s nine-lawyer team is highly recommended for corporate and capital markets work. It is ‘very technical’, ‘highly responsive’ and has ‘a broad understanding of issues that goes beyond tax aspects’. The firm, which advises leading corporations and banks, assisted Kering and Fnac with Fnac’s spin-off. Anne-Sophie Coustel and consultant Pascal Coudin show ‘strategic vision’ and give ‘technical yet pragmatic advice’. Senior counsel Gilles Entraygues is one of the most respected tax experts in France. Arnaud de Brosses joined Arsene Taxand.

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France: Capital markets

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

Cleary Gottlieb Steen & Hamilton LLP’s integrated debt capital markets (DCM) and equity capital markets (ECM) practice advises on high-end transactions including Yankee and high-yield bond offerings. Recent work includes assisting BPCE with its €1bn subordinated notes offering. Andrew Bernstein, John Brinitzer, Valérie Lemaître and Marie-Laurence Tibi are the key contacts.

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

Cleary Gottlieb Steen & Hamilton LLP’s integrated debt capital markets (DCM) and equity capital markets (ECM) practice brings ‘high added value and strong comfort to clients’. The team has been involved in most of the few significant recent deals, including representing Numéricable during its IPO and acting for Kering on FNAC’s IPO. The practice also advises on convertibles and has leading US law capabilities.

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France: Dispute resolution

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

Cleary Gottlieb Steen & Hamilton LLP’s ‘excellent and dedicated’ practice is recommended for ‘sophisticated commercial litigation’ and high-end disputes involving large financial institutions or corporations, such as BNP Paribas or ArcelorMittal. Notably, the firm is acting for the EPFR (Etablissement public de financement et de restructuration) in the Tapie case. Jean-Yves Garaud is an outstanding, all-round adviser and counsel Delphine Michot is also recommended.

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

Cleary Gottlieb Steen & Hamilton LLP manages a prominent investment arbitration caseload – often acting in collaboration with other offices – concerning energy and concession issues. The firm is representing the Hellenic Republic in an ICSID dispute with a Slovakian bank regarding the acquisition of sovereign bonds. Gazprom is also a client. Claudia Annacker has ‘very strong, in-depth professional expertise’, Jean-Yves Garaud is ‘highly regarded’, and senior counsel Robert Greig is also recommended. Roland Ziadé joined Linklaters LLP.

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Within Stock market litigation Other recommended firms

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Within White-collar crime Other recommended firms

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France: Project finance and energy

Within Energy Project finance and energy: Energy

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

Cleary Gottlieb Steen & Hamilton LLP represents states or sponsors in some of the largest mining and energy projects in Africa, such as acting for Vale and VBG on the Simandou $10bn iron ore project in Guinea. Oil and gas are also strong areas of expertise and the firm is advising the Lebanese Republic on its first offshore oil exploration project. Key figures in the team include Jean-Pierre Vignaud, Barthélemy Faye and Andrew Bernstein. Gamal Abouali relocated to the Abu Dhabi office.

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Latin America: International firms

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

Cleary Gottlieb Steen & Hamilton LLP provides an ‘excellent quality of service’ and ‘a problem solving attitude’, which places it ‘among the best international firms worldwide’. Clients praise ‘outstanding litigatorJonathan Blackman, who is based in New York, as being ‘authoritative, experienced and reliable’, and Rome-based Ferdinando Emanuele as ‘brilliant, pragmatic and flexible’; they also single out Howard Zelbo in New York, as well as Claudia Annacker and Jean-Yves Garaud, both in Paris. The firm has a broad spread of experience in the Latin American region across corporate, banking, capital markets and dispute resolution matters and is well placed to reap instructions on finance-related disputes. Highlights included representing Argentina in a multibillion-dollar mass claim brought at ICSID under the Argentina/Italy BIT by over 60,000 holders of interests under multiple Argentine bonds, for alleged unfair and discriminatory treatment and expropriation; the work was handled from New York by Blackman, Zelbo and Carmine Boccuzzi, Washington DC by Matthew Slater and Paris by Annacker. Zelbo and Annacker are also acting for DP World in an ICSID arbitration against Peru, brought under a concession agreement for the development and operation of the country’s largest commercial port and the UK/Peru BIT. On the commercial side, Blackman, Emanuele and the London-based Christopher Moore defended Telecom Italia and Telecom Italia International in an ICC arbitration against Opportunity Fund and other claimants over alleged breaches of a settlement agreement. Richard Kreindler, who has experience advising on commercial, construction and investor-state arbitrations, recently joined the firm’s Frankfurt office.

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Further information on Cleary Gottlieb Steen & Hamilton LLP

Please choose from this list to view details of what we say about Cleary Gottlieb Steen & Hamilton LLP in other jurisdictions.

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Belgium

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China

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Germany

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France

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Hong Kong

Offices in Hong Kong

Indonesia

Latin America: International firms

India

Italy

Offices in Rome and Milan

London

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Philippines

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Russia

Offices in Moscow

South Korea

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Taiwan

United States

Offices in New York and Washington DC

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.
  • 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.
  • Legal Newsletter December 2010: EMPLOYMENT LAW

    (1) No pre-dismissal actions are possible during maternity leave (2) Putting a protected employee back into his previous position after an unsuccessful attempt to a promotion requires the employee’s agreement (3) Means of measuring the electoral base of sector-based trade unions validated by the French Constitutional Council
  • Legal Newsletter December 2010: REAL ESTATE LAW

    (1) The general contractor is not liable vis-à-vis third parties for damages caused by his subcontractor (2) Termination by right of a commercial lease by application of a cancellation clause implies a breach of the express obligations contained in that lease (3) A provision in a lease transferring to the lessee the cost of major repairs and of walls and roofs, must be narrowly interpreted
  • Legal Newsletter December 2010: INTELLECTUAL PROPERTY / NEW TECHNOLOGIES

    (1) Patent law: the patentability of computer programs examined by the Enlarged Board of Appeal of the European Patent Office (2) Trademark law: Israel joins the International Trademark System (3) Trademark law: clarifications to the doctrine of exhaustion of rights