The Paris derivatives and structured finance team at global firm Clifford Chance continues to lead in the marketplace, coordinating with its US securities team to provide a comprehensive service to major domestic and international financial institutions (Crédit Agricole CIB, Société Général, Credit Suisse, Bank of America, Morgan Stanley), international financial organisations (IFC/World Bank), insurers (AXA, Covéa), fund managers (Allianz, Prime Capital), and corporates across such sectors as hospitality, energy, transport, utilities, retail and beverages. Headed by practice area authority Jonathan Lewis, trade receivables expert Julien Rocherieux and financial regulation specialist Frédérick Lacroix, the team’s services also extend to repackaging, factoring, alternative financing products and real estate and equity financing. Counsel Fabien Jacquemard brings strength to matters involving ABCP conduits.

The Paris CMS Francis Lefebvre derivatives and structured finance group remains a force in the marketplace, bringing strength to advising major domestic and international financial institutions and private equity firms (Crédit Agricole Corporate and Investment Bank, Société Générale, BNP Paribas, My Money Bank/Cerberus) and corporates in gases, retail and mining, on a comprehensive range of matters. The practice utilises two dedicated groups: securitisation and structured finance (led by Grégory Benteux, who brings extensive experience counselling clients on the arranger or originator’s side, and Alexandre Bordenave, a specialist in distressed financings and banking litigation) and derivatives (part of the capital markets team, led by Rosetta Ferrère, who handles share equity and equity-linked products, and capital markets head Marc-Etienne Sébire). Counsel Pauline Larroque brings expertise to ESG derivative instruments.

The experienced team at Gide Loyrette Nouel A.A.R.P.I. remains a leader in the practice space, advising major domestic and international financial institutions (BNP Paribas, Société Générale, Bank of America Merrill Lynch, HSBC, Barclays) and asset managers, services airlines (Air France) and corporates such as Veolia across such sectors as car rentals, waste management and data and analytics, on a wide range of securitisation transactions and asset-backed finance transactions. The team is headed by Arnaud Duhamel, who focuses on strategic equity derivatives transactions and equity financings, and structured derivative products specialist Laurent Vincent. Counsel Clément Vandevooghel brings expertise to loan portfolio sales (including non-performing loans), asset-backed lending and debt capital markets. Samir Bensaker was promoted to partner in July 2022. Co-practice head Xavier Chassin de Kergommeaux departed in February 2023.

Backed by a global network spanning five continents, the Paris team at Jones Day remains a key market player, utilising experience and deep bench strength to advise major financial institutions (BNP Paribas, Crédit Agricole Corporate and Investment Bank, Goldman Sachs, Morgan Stanley) and multinational corporates (such as EDF) involved in high-value structured financings and securitisation transactions. The team is led by Alban Caillemer du Ferrage (French counsel to the International Swaps and Derivatives Association), Christine Van Gallebaert (an expert in securitisation, covered bonds and debt funds) and Qian Hu (a specialist in ESG derivatives, virtual power purchase agreements and carbon trading). Of Counsel Marie-Fleur Rautou brings strength to financial products regulatory matters.

The Paris derivatives and structured finance group at Latham & Watkins continues to lead in the practice area, combining the experience of its team with the strength of a global network spanning North America, Europe, the Middle East and Asia-Pacific regions, to advise major financial institutions and asset managers (Goldman Sachs, Eurazeo), blockchain companies and corporates in such sectors as energy, travel and packaging (including TotalEnergies, Lagardere, Schoeller Allibert), involved in cross-border, high-value transactions. Thomas Vogel leads the team, displaying expertise in strategic equity solutions and fixed income transactions. Suzana Sava-Montanari brings strength to securitisations and financial regulatory matters. Associate Jaime Hall provides support to complex strategic contingent hedging transactions.

Backed by 30 offices worldwide, the team at the Paris office of Linklaters marshals combined bench strength to assist major financial institutions (European Investment Bank (EIB), Credit Suisse, BNP Paribas) and corporates in fintech, renewables, infrastructure and IT (Meridiam, Accenture), on a wide range of structured finance and securitisation products. Practice head Patrice Doat is a specialist in advising investment banks, private equity and debts funds, project bonds, auto loans, ABCP and receivables securitisation and factoring and car fleet securitisation transactions. Counsel Guillaume Malaty brings expertise to the sale and financing of non-performing loan portfolios, while counsel Agathe Motte departed in January 2022.

The specialists at Orrick bring strength to advising major financial institutions (BNP Paribas, Crédit Agricole, Morgan Stanley, Société Générale) and corporates in aerospace, car rentals, energy, on high-value securitisations and domestic and cross-border structured finance transactions. The team is led by Hervé Touraine (the Chair of the Securitisation Commission of Paris (EUROPLACE). Olivier Bernard brings to the group over 20 years of experience in the practice area. Other key figures include Carine Mou Si Yan, a partner who is a dual-qualified member of the Paris and the New York Bar and of counsel Judith Rousvoal (who assists with the finance of major infrastructure projects) and structured finance expert Laure Seror.

The derivatives specialists in Paris at independent law firm De Pardieu Brocas Maffei brings expertise to advising major financial institutions (BNP Paribas, Crédit Agricole, Société Générale, Barclays, HSBC) and domestic and multinational corporates in advertising services and wine and spirits.  The practice was strengthened by the January 2022 arrival of corporate partner (who has 25 years’ experience in securities law) Etienne Boursican from Orrick, to the firm’s capital markets team, which includes the derivatives and structured finance team, led by Corentin Coatalem, who manages complex matters involving acquisition and syndicated finance and debt restructuring. Associate Aurélie Paneels utilises a banking and finance background.

Powered by the deep bench strength of offices across the Americas, the Asia Pacific and EMEA regions, the Paris team at Hogan Lovells (Paris) LLP advises major financial institutions, funds, leasing companies (LeasePlan), asset managers and corporates in the building materials and automotive sectors. Five members of the capital markets group bring expertise to heading the practice: finance insurance and investment leader Sharon Lewis (who is also based in London and excels in securitisations, derivatives, repackaging and other structured products, corporate bonds), Laura Asbati (a trade receivables specialist who was promoted to partner in January 2022), Vincent Fidelle, Katia Merlini (who brings 20 years’ experience to structured finance regulatory matters) and equity capital markets partner Jean-Marc Franceschi. The group is supported by counsel Reza Mulligan, who utilises a banking background.

The Paris derivatives and structured finance team of global firm White & Case LLP provides a comprehensive range of services to major financial institutions (Barclays, Bank of America Merrill Lynch, BNP Paribas, Crédit Agricole J.P. Morgan, Société Générale), corporates (Air France-KLM, Engie, LVMH, Michelin, Peugeot, Vinci), insurers (AXA, CNP) and sovereigns (Republic of Gabon, Republic of Cameroon). The team is led by Séverin Robillard, a specialist in capital markets securities offerings, and supported by counsel Emmanuel Lebaube, who brings strength to complex securitisations involving consumer loans, auto loans, mortgage loans and credit cards. Tatiana Uskova was promoted to counsel in January 2022.