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: International arbitration

Within International arbitration , tier 4

A leading firm in the region across the corporate, banking and capital markets sectors, Cleary Gottlieb Steen & Hamilton LLP opened offices in Buenos Aires (2009) and Sao Paulo (2011), and is strongly committed to developing its Latin American footprint. In the dispute resolution sector, it fields an 80-strong team spread across 16 offices. The team’s investor-state caseload includes ongoing representation of Argentina in ICSID arbitration commenced by bondholders under the Argentina-Italy BIT (the famed ‘Abaclat’ case), and also in its defence against recognition of awards granted to BG Group, Continental Casualty, and National Grid; and, on the investor side, representing DP World in its port concession case against Peru. The team is also advising the Dominican Republic on an ICC case; and, on the commercial side, is counsel to Vale in a dispute with Odebrecht; both cases concern service provision. The ‘deeply knowledgeable’, New York-based Howard Zelbo is first and foremost an internationalist but has managed numerous Latin American matters. ‘Key playerJonathan Blackman has a primarily finance-related arbitral practice. He works extensively with securities specialist Carmine Boccuzzi Jr, particularly on the firm’s Argentine mandates. While largely focused upon criminal defence and civil litigation, particularly for major financial institutions and corporates, Juan Morillo, a lateral hire from Clifford Chance, is also key to the firm’s Latin American practice. The team can also call on ‘exceptionally good arbitration lawyers’ Claudia Annacker and Jean-Yves Garaud in Paris, and Ferdinando Emanuele in Rome.

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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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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

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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

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  • ACQUISITIONS IN CHINA : ASSET OR SHARE DEAL?

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  • 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

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  • 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.