The Legal 500

Kremer Associés & Clifford Chance

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

Banking and finance

Within Banking and finance, Clifford Chance is a first tier firm,

Kremer Associés & Clifford Chance boasts strong banking capabilities and is regularly involved in the Luxembourg aspects of the firm’s global deals and has recently acted for a number of German and UK banks. In 2007, the team advised BNP Paribas and JPMorgan on a €1.57m multi-currency senior secured credit facility. The team also recently acted for The Toronto Dominion Bank in relation to the financing of the €218m public takeover bid made by Sierra Wireless for the acquisition of Wavecom. Steve Jacoby is highly recommended. Christian Kremer is also recommended for capital markets work.

Corporate and M&A

Within Corporate and M&A, Clifford Chance is a second tier firm,

At Kremer Associés & Clifford Chance, managing partner Christian Kremer enjoys a good reputation. The team benefits from the strength of the global Clifford Chance network and has strong capabilities in the private equity field, with many deals structured through Luxembourg. The group is active in real estate acquisitions and the setting up on new real estate funds.

Dispute resolution

Within Dispute resolution, Clifford Chance is a first tier firm,

At Kremer Associés & Clifford Chance Albert Moro handles all forms of litigation and arbitration, particularly in the financial and insurance sectors. The team also has a strong employment litigation practice.

Employment

Within Employment, Clifford Chance is a second tier firm,

At Kremer Associés & Clifford Chance, Albert Moro has a good reputation for employment litigation and is a co-founder of ELSA. The group advises on issues such as collective redundancies, discrimination, mobbing and data protection. The client base consists of major corporates and financial institutions.

Insurance

Within Insurance, Clifford Chance is a second tier firm,

Kremer Associés & Clifford Chance handles regulatory and litigation for insurance companies. Albert Moro is recommended.

Investment funds

Within Investment funds, Clifford Chance is a second tier firm,

Jöelle Hauser and her team at Kremer Associés & Clifford Chance boasts strong capabilities in the investment fund arena, with a large market share in regulated real estate funds and funds-of-funds. The team also handles a range of specialised niche funds including carbon funds and micro-finance funds. Christian Kremer leads the firm’s asset management group internationally.

Legal market

Within Legal market,

Biting at the heels of this group is Kremer Associés & Clifford Chance, whose banking expertise is undisputed. Bonn Schmitt Steichen continues to be a recognised leader, not least due to its key role advising on the ArcelorMittal merger. Loyens & Loeff – Avocats à la Cour’s strength in tax stands out, while Wildgen – Partners in Law and Noble & Scheidecker are also key players.

Tax

Within Tax, Clifford Chance is a second tier firm,

Kremer Associés & Clifford Chance benefits from the expertise of counsel Christophe Clément and London-based Richard McIlwee, who is increasingly involved in Luxembourg tax matters. The team advises an impressive list of clients on high-value corporate, capital markets, finance and funds transactions.


What we say worldwide

Please choose another Clifford Chance office to view full details of what we say in that region, or choose from this list to view a specific editorial reference in context.

United Arab Emirates

Offices in Abu Dhabi and Dubai

Belgium

Offices in Brussels

Bahrain

China

Offices in Shanghai and Beijing

Czech Republic

Offices in Prague

Germany

Offices in Dusseldorf, Frankfurt, and Munich

Algeria

Spain

Offices in Madrid and Barcelona

France

Offices in Paris

Ghana

Hong Kong

Offices in Hong Kong

India

Italy

Offices in Rome and Milan

Japan

Offices in Tokyo

Jordan

Kuwait

Lebanon

London

Offices in London and London

Luxembourg

Offices in Luxembourg

Morocco

Netherlands

Offices in Amsterdam

Oman

UK Overview

Philippines

Poland

Offices in Warsaw

Qatar

Romania

Offices in Bucharest

Russia

Offices in Moscow

Singapore

Offices in Singapore

South Korea

Taiwan

Thailand

Offices in Bangkok

Tunisia

US

Offices in Washington DC, New York, and Menlo Park

Legal Developments by:
Clifford Chance

Legal Developments in Luxembourg

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • Getting the Deal Through - Insurance & Reinsurance 2009 - Luxembourg chapter

    Identify the regulatory agencies responsible for regulating insurance and reinsurance companies. The Commissariat aux Assurances (the Commissariat) is in charge of the supervision of insurance and reinsurance undertakings, as well as insurance intermediaries (agents and brokers). It is in charge of examining the applications for licences. The Commissariat also assists the Luxembourg public authorities in European and international negotiations. It takes an active part to the preparation of Luxembourg laws and regulations within its field of competence. The Commissariat is a public establishment vested with legal personality and is financially independent. It is under the authority of the ministry of treasury and budget.
    - KLEYR GRASSO ASSOCIES
  • Getting the Deal Through - Dispute Resolution 2009 - Luxembourg Chapter

    What is the structure of the civil court system? The Luxembourg court system is organised according to the principle of ‘double court instance’, pursuant to which any case may be judged twice by two different courts, both upon the factual and legal merits. As a result, a major distinction is to be drawn up between the first degree courts and the courts of appeal.
    - KLEYR GRASSO ASSOCIES
  • The Handbook of Competition Enforcement Agencies

    A Global Competition Review special report published in association with: Wildgen
    - Wildgen
  • WITHHOLDING TAX ON DIVIDENDS DISTRIBUTED BY A FINNISH COMPANY TO A LUXEMBOURG SICAV IS DISCRIMINATOR

    This judgement gives possibilities to investment funds to claim a refund of withholding taxes unduly paid in the Member States where they made investments.
    - Wildgen
  • THE DE LAROSIÈRE REPORT

    The current financial crisis has highlighted the possible side effects of the globalisation and, to a certain extent, proves a certain weakness of the European Union in this respect.
    - Molitor, Fisch & Associés
  • Luxembourg-Hong Kong Double Tax Treaty: The Best of Both Worlds

    On 20 January 2009, the bilateral treaty for the avoidance of double taxation between the Hong Kong SAR and the Grand-Duchy of Luxembourg (the Treaty) entered into force in both jurisdictions. The Treaty has retroactive effect, and is applicable as from 1 January 2008 with respect to Luxembourg and as from 1 April 2008 with respect to Hong Kong.
    - Wildgen
  • DOUBLE TAX TREATY (“DTT”) BETWEEN LUXEMBOURG AND THE UNITED ARAB EMIRATES

    Luxembourg currently has 52 double tax treaties in force and 22 in the course of negotiation or ratification. An interesting addition to this is the recently ratified double tax treaty between the United Arab Emirates (UAE) and Luxembourg (the “DTT”) which aims to enhance economic cooperation between both countries.
    - Wildgen
  • Unemployment Benefit in Luxembourg

    In these financially precarious times, it is an unfortunate reality that more and more people in Luxembourg (as elsewhere) are having recourse to unemployment benefit as companies downsize to cope with the crisis. It is important therefore to know our rights to unemployment benefit ( chômage ) often for peace of mind as much for anything else. This article shall deal only with employees ( salariés ). Self-employed people can receive unemployment benefit (contrary to popular opinion) but this shall not be treated here. It must be stated from the outset that social security legislation is horrendously complex and intricate and each particular case must be judged on its merits. A general overview shall, however, try to be given here.
    - Wildgen
  • A recently established treaty has eased the passage for investors operating between Asia and Europe

    Earlier this year Luxembourg and Hong Kong put into motion a double taxation treaty offering international investors an interesting tax planning tool for investing into or out of Asia. Structuring investments through these locations has been made easier with this new treaty presenting straightforward opportunities to eliminate or mitigate direct taxes on the flow of income and profits from the countries where the target investment is located to the country where the ultimate investors or their investment vehicles are located.
    - Oostvogels Pfister Feyten
  • Luxembourg and the proposed Alternative Investment Fund Managers Directive (AIFM)

    As part of a legislative package to tackle the financial crisis, the European Commission submitted on 29 April 2009 a Directive on Alternative Investment Fund Managers (“AIFM”) to the European Parliament and to the Council. This proposal emerged rather swiftly following a general consensus across European leaders that AIFM, which managed around EUR 2 trillion in assets at the end of 2008, should be subject to closer regulatory scrutiny. This proposed Directive marks the first attempt to create a comprehensive and effective supervisory and regulatory framework for AIFM in the European Union (“EU”) by imposing on European investment managers of non-UCITS investment funds a common set of rules in terms of licensing and supervision. In return, AIFM would benefit from a European passport for cross-border distribution to EU professional investors. The main innovations focus on the regulatory supervision, the disclosure requirements and the distribution of Alternative Investment Funds (“AIF”). Key elements of the proposed Directive are set out below. However, it should be pointed out that those proposals will only introduce a minimum threshold for Member States, and countries such as France and Germany will probably pass harsher requirements.
    - Chevalier & Sciales