Firm Profile > Jones Day > Paris, France

Jones Day
75001 PARIS

Derivatives and structured finance Tier 1

The 'highly qualified and dedicated' team at Jones Day possesses 'very strong derivatives expertise' and fields 'seasoned experts in equity derivatives'. The 'very committed' practice acts for a diverse client roster, and recent highlights include advising Crédit Agricole Corporate and Investment Bank on amendments to the transaction documents and the €35bn covered bonds issuance programme update of Crédit Agricole Home Loan. Lendix received advice on the creation of its second European Long Term Investment Fund (ELTIF). Alban Caillemer du Ferrage 'is a pre-eminent expert' in derivatives and forms the heart of the practice with 'exceptional professional' Qian Hu and Christine Van Gallebaert, who 'always stays focused' and 'puts herself at the same level of understanding as her clients in order to explain legal issues with simple words'. BNP Paribas, ISDA and new client Tikehau Capital Partners also instruct the team.

Next Generation Partners

Environment Tier 1

Jones Day has expert capabilities to deal with sensitive health, safety and product regulation issues, including dealing with crisis management situations. The 14-lawyer team is entrusted by leading industrial, chemical, energy, mining and life sciences companies. It regularly handles environmental liabilities issues concerning industrial sites. The practice is also sought out by clients to assist with new climate change regulatory issues including the implementation of the Paris Climate Agreement. The team is also active advising on industrial assets in the course of transactions. Practice head Françoise Labrousse is highly respected in the market. Counsel Armelle Sandrin-Deforge is also noted.

Leading individuals

Intellectual property: Patents Tier 1

Jones Day impresses clients with its 'promptness, short turnaround times and clear communication', which one client finds personified in practice co-head Thomas Bouvet. He is currently acting for Coloplast in infringement and preliminary injunction proceedings against its competitor Hollister, and secured a victory for Naos in an aggressive infringement claim. Client such as Merck Sharp & Dohme, Lufthansa and Renault also feature on the firm's enviable client roster. Emmanuel Baud co-heads the team with Bouvet and is also an experienced litigator.

Leading individuals

Intellectual property: Trade marks and designs Tier 1

The intellectual property team at Jones Day 'is always available to provide valuable and comprehensive advice'; 'even though it is a worldwide firm, its strength lies in its ability to advise so well locally', according to one client. Emmanuel Baud leads the department with a particular focus on the wine and spirits industry, where clients instruct him to advise on issues arising from marketing, regulations, disputes and contractual matters. In recent highlights, Baud acted for a number of French administrative entities responsible for the protection of geographical indications and labelling rights in a number of disputes pertaining to the unauthorised use or registration of protected terms as trade marks by competitors. The group also obtained cancellations of European trade marks.

Leading individuals

Private equity: venture/growth capital Tier 1

Jones Day fields one of the 'best teams in Paris' according to one client and its practitioners are 'super responsive, reliable and have an outstanding knowledge of industry practices'. Technology and biotech sector-related matters form the core of the team's busy workload, with instructions spanning all financing stages from seed financing to late stage financing, with the team's experience in initial public offerings and follow-on offering another strength. Renaud Bonnet, Charles Gavoty and Jean-Gabriel Griboul, who are 'extremely talented', jointly head the practice with Geoffroy Pineau-Valencienne. Bonnet recently led advice to Recommerce and its existing investors on its €50m Series C financing round led by Capzanine and Creadev and assisted Bpifrance as co-investor alongside Eurazeo with a €35m financing round for Doctolib. In other highlights, Gavoty advised OpenClassrooms on a $60m financing round led by General Atlantic alongside existing investors Alven Capital, Citizen Capital and Bpifrance Investissement, which included US investment. Deezer, Lunchr and Wellington Partners are also clients.

Next Generation Partners

Administrative and public law Tier 2

Jones Day's five-lawyer team assists the French state and other public sector entities, as well as major French sponsors, with high-profile public law procurement contracts, strategic regulatory issues and litigation. It recently handled highly complex privatisation, energy, banking and public financing regulatory work. The practice is assisting state agency Agence des participations de l'État (APE) with the privatisation of airport operator ADP, as well Confédération Nationale du Crédit Mutuel with managing its conflict with Crédit Mutuel Arkéa. The firm also advised on large new broadband network projects, as well as on some leisure and waste management projects. It assisted CDC, as an investor in Altitude Infrastructure and Marguerite Fund's joint venture, on the joint venture's participation in a high-speed broadband network project in the Haute Garonne region. The practice also handled significant disputes, notably in the transport and telecoms sectors. It is representing RATP in high-profile litigation with Mobit, an Italian consortium of transport companies, regarding the award of a transportation concession contract by the region of Tuscany, which required a preliminary ruling by the Court of Justice of the European Union (CJEU). Bouygues, EDF, Engie and Orange are also clients. The practice is co-headed by the highly recommended Philippe Delelis and Nicolas Brice.

Leading individuals

Next Generation Partners

Capital markets: equity capital markets Tier 2

The 'very effective' team at Jones Day has particular strength in advising life sciences companies on their IPOs, but also excels in handling equity-linked instruments. Practice head Linda A Hesse, who 'provides great support', and Florent Bouyer advised HSBC France and Natixis on automotive supplier Novares' IPO. Jointly with derivatives expert Qian Hu, Bouyer also assisted Crédit Agricole Corporate and Investment Bank on Vivendi's sale of its stake in Ubisoft through equity derivatives transactions and a block trade. Charles Gavoty is another key contact. Clients also include Total, Mainstay Medical International and Tikehau Capital Partners.

Next Generation Partners

Compliance Tier 2

Jones Day's Bénédicte Graulle has extensive knowledge of international corruption issues and advises leading French and international companies on the setting up of compliance programmes. She also assists major companies with dealing with corruption allegations and conducting internal investigations. The firm is also defending a client facing an investigation by the AMF. It has complementary expertise in employment and health and safety compliance.

Dispute resolution: commercial litigation Tier 2

Jones Day ‘is very knowledgeable about complex issues’. The ‘responsive’ practice does ‘an exceptional job of navigating complex situations to get to an optimal result’ and has ‘intimate knowledge of the industrial sector’. The team represents many leading US industrial and multinational companies, especially in the energy and oil and gas sectors, in commercial and corporate litigation. The practice is also representing several IT and technology companies in commercial disputes and manages some industrial litigation. It is acting for Micron Technology in claims for damages brought by Orange over defective telephones. Ozan Akyurek ‘is an exceptional attorney and a great partner to go through complex, long and challenging litigation’. The practice is also acting for Dexia Crédit Local, SFIL and Depfa in a high volume of "toxic loan" cases initiated by public sector entities. Frédéric Gros and of counsel Isabelle Maury are experts in banking litigation. Finally, the hiring of Elie Kleiman from Freshfields Bruckhaus Deringer LLP is a very promising move: he is the ‘ultimate trusted adviser who you can call at any time on any subject matter, and whose unique personal charisma and powers of persuasion are always geared up exclusively to serve the interests of his clients’.

Leading individuals: Banking litigation

EU, competition and distribution Tier 2

Eric Barbier de la Serre and counsel Eric Morgan de Rivery are the main names to note for competition and antitrust work at Jones Day. The team is currently advising Safran on all competition aspects - except EU filing - of its merger with Zodiac, and Deutsche Post DHL instructed the group to oversee its defence against an FCA action concerning an alleged exchange of information between - among others - the four largest post offices in the EU. In other highlights, Barbier de la Serre is currently collaborating with Frédéric Gros to assist SFIL with the state aid aspects of a series of complaints to the Versailles Court of Appeal claiming the client and others benefited from illegal aid from the French state; he also acted for a leading mid-market private equity fund on its acquisition of Vodafone Malta and its merger with Melita. The National Rugby League, JCB and RATP are also key clients.

Industry focus: energy Tier 2

Jones Day is retained by leading French utilities companies to advise on high-profile regulatory issues including tariff regulation. The firm is assisting EDF with the opening up of the operation of French hydropower plants to competitors and with France's tender offer to renew dams and hydropower plants concessions. Philippe Delelis and Nicolas Brice are top public law experts. The practice also advises on domestic renewable projects. It assisted La Banque Postale with the financing of several renewables projects including with the joint financing of a 20MW EDF Energies Nouvelles onshore wind farm. Sophie Chevallier is a key name for project finance work. The firm also handles oil and gas work. Rémy Fekete assisted Chevron with the negotiation of the renewal of a hydrocarbon exploration and exploitation concession in the Democratic Republic of Congo. Litigation and arbitration are also strengths.

Leading individuals: Regulatory and public law

Industry focus: Healthcare and life sciences Tier 2

The healthcare and life sciences team at Jones Day consists of a corporate group with M&A, private equity and capital markets capabilities and a litigation and regulatory sub-team. In recent highlights, Gaël Saint Olive assisted Sanofi with the sale of its infectious disease unit to Evotec as well as the €158m sale to an affiliate of the Cooper-Vemedia Group of a portfolio of over-the-counter pharmaceutical brands. Linda A Hesse acted for Mainstay Medical on a financing matter, and Geoffroy Pineau-Valencienne advised HRA Pharma on its acquisition of Lysodren from Bristol-Myers Squibb. Notable contentious work included Thomas Bouvet's defence of Naos in three separate patent infringement actions brought by Beiersdorf and Derma Concept; he also provided advice on regulatory issues such as market access. Françoise Labrousse and Renaud Bonnet jointly head the practice.

Industry focus: IT, telecoms and the internet Tier 2

Jones Day is currently acting for Sigfox on a review and study of the regulatory and legal framework of the telecoms sectors of several African countries with regard to the licensing, terms and conditions of radio frequencies and connectivity services for the Internet of Things. Telecoms expert and practice co-head Rémy Fekete is assisting a French public investment entity with its minority stake investment in a new French operator, and is representing Djezzy in its challenge to the limitations imposed on it as an internet service provider, its official status as a dominant operator, and its effort to obtain symmetric termination rates. On the IT side, practice co-head and of counsel Olivier Haas is advising Société Générale on the drafting and negotiating of the transitional services agreement for IT and data services in the context of its divestiture of its banking and insurance activities in Croatia. Compliance with GDPR requirements, the provision of digital payment services and high-stakes disputes also feature among the firm's recent work highlights.

Leading individuals: Telecoms

Next Generation Partners: Data protection

Private equity: Fund formation Tier 2

Jones Day is experienced in advising limited and general partners on the creation of funds as well as on secondary transactions. The group fields a strong domestic practice but is increasingly active for clients from other European countries, Asia and North America. In a recent cross-border transaction involving the US and France, practice head Florence Moulin joined forces with Chicago- and New York-based colleagues to act for Ardian on the formation and fundraising of Ardian Growth Fund II, a €230m venture capital fund dedicated to innovative companies. In other work, Moulin advised Brownfields Gestion on the setting up of Brownfields 3, a €250m fund created for the depollution and redevelopment of industrial and tertiary brownfield sites, especially in large conurbations. Truffle Capital, Idinvest Partners and Indigo Capital are also clients.

Leading individuals

Banking and finance: transactional work Tier 3

Jones Day boasts particular strength in project finance and leveraged finance, but is also adept in the fields of real estate and and restructuring finance. Tikehau Capital turned to the firm for advice on its €1.3bn bank and bond financing, consisting of a €1bn unsecured syndicated credit facility and a €300m unsecured inaugural bond issue on Euronext Paris. A recent headline-grabbing matter saw the group assist Deutsche Pfandbriefbank with the financing of the restoration of the Hôtel de l'Artillerie by La Fondation Nationale des Sciences Politiques. Other work came from the French Ministry of Finance and the Caisse Française de Développement Industriel, as well as from Permira Credit Solutions II and Pandios. Sophie ChevallierFrédéric Gros and Diane Sénéchal jointly lead the practice, while counsel Jessica Derocque joined from De Pardieu Brocas Maffei at the end of 2017.

Dispute resolution: International arbitration Tier 3

Jones Day's 15-lawyer team recently strengthened its capabilities after hiring highly regarded arbitration and litigation partner Elie Kleiman, who joined from Freshfields Bruckhaus Deringer LLP in 2018 after serving twice as managing partner. The practice handles both commercial and investment arbitration on behalf of many leading French and international corporations, often relating to Africa and the Middle East. It has particularly strong knowledge of the Organisation for the Harmonisation of Business Law in Africa (OHADA), and recently advised the organisation on the reform of its arbitration act and the creation of a mediation act. The practice is managing a large caseload dealing with energy matters, including gas price, pipeline and plant construction, and solar-related issues. The team is also handling matters in other areas, including construction and telecoms. The practice is co-headed by Michael Bühler, Elie Kleiman and Jean-Pierre Harb.

Next Generation Partners

Employment Tier 3

Jones Day has notable capability handling the employment law aspects of multi-jurisdictional projects including global restructuring, workforce transfers and M&A projects. The practice notably advised Safran on its €8.7bn offering for the shares in Zodiac Aerospace and Lincoln Electric on the €115m acquisition of Air Liquide Welding. The eight-lawyer team also advises on health and safety issues and is handling asbestos mass claims. It also assists with major individual litigation and compliance issues. Emmanuelle Rivez-Domont and Jean-Michel Bobillo are the practice heads.

Mergers and acquisitions Tier 3

Jones Day focuses on cross-border, mid-cap transactions, frequently at the upper end of the bracket. It possesses expertise in a range of sectors, with recent instructions coming from the life sciences, technology and financial services sectors. ABB received advice on the sale of Entrelec, a transaction spanning more than 20 countries, and My Money Bank on the sale of its French auto loans business to Financo. Other matters came from Sanofi, CBRE Global Investors and Euronext. Sophie Hagège heads the practice; other key contacts include Audrey Bontemps, Alexandre de Verdun and Gaël Saint Olive. Of counsel Anne Reffay left to join Ashurst LLP.

Real estate Tier 3

Jones Day’s lawyers act ‘as one team, listen to their clients’ requirements and protect their interests’. The practice advises listed and non-listed international investors, as well as French developers and industrial companies. It recently handled several office building transactions including one of France’s largest investment deals. The practice was also involved in large logistic portfolio transactions, notably for CBRE Global Investors and also advised Catalyst Capital on the acquisition of the A City building complex portfolio near Paris. Commercial leases and litigation are other areas of expertise. Other clients include DWS and EDF Invest. Erwan Le Douce-Bercot  leads the team, which include counsel Carol Khoury .

Tax Tier 3

Jones Day's tax practice stands out for its ‘excellent understanding of the banking area’. The practice regularly advises banks on the tax aspects of structured financings, derivatives, capital markets and also on private equity transactions. The practice recently assisted My Money Bank with the sale of its French auto loans activity to Financo, as well as Cacib with the sale by Vivendi of its stake in Ubisoft through innovative equity derivatives. The tax team also regularly advises on domestic and global M&A transactions and also handles property tax deals. It recently acted for CBRE Global Investors on the sale of a 12 asset logistics portfolio. Emmanuel de La Rochethulon leads the team. Nicolas André is singled out as 'an excellent associate'.

Next Generation Partners

Department Name Email Telephone
Administrative and public law Philippe Delelis
Administrative and public law Nicolas Brice
Arbitration Michael W Bühler
Arbitration Jean-Pierre Harb
Banking and finance Frédéric Gros
Banking and finance Diane Sénéchal
Business restructuring and reorganisation Laurent Assaya
Business restructuring and reorganisation Frédéric Gros
Capital markets Linda A Hesse
Capital markets Florent Bouyer
Commercial litigation and product liability Ozan Akyurek
Energy, projects and infrastructure Françoise Labrousse
Energy, projects and infrastructure Nicolas Brice
Environmental, health and safety Françoise Labrousse
Environmental, health and safety Armelle Sandrin-Deforge
EU and competition Eric Morgan de Rivery
EU and competition Eric Barbier de La Serre
Intellectual property Emmanuel Baud
Intellectual property Thomas Bouvet
Labour Emmanuelle Rivez-Domont
Labour Jean-Michel Bobillo
Mergers and acquisitions Sophie Hagège
Mergers and acquisitions Gaël Saint Olive
Private equity Renaud Bonnet
Private equity Florence Moulin
Real estate Carol Khoury
Real estate Erwan Le Douce-Bercot
Structured and derivative products Alban Caillemer du Ferrage
Structured and derivative products Qian Hu
Tax Emmanuel de La Rochethulon
TMT Rémy Fekete
Investigations and white-collar defence Bénédicte Graulle
Photo Name Position Profile
Dr Michael W Bühler  photo Dr Michael W Bühler
Mr Alban Caillemer du Ferrage  photo Mr Alban Caillemer du Ferrage
Mrs Sophie Hagège  photo Mrs Sophie Hagège
Mrs Linda A Hesse  photo Mrs Linda A Hesse
Mrs Qian Hu  photo Mrs Qian Hu
Mrs Florence Moulin  photo Mrs Florence Moulin
Number of lawyers : 2,500+
at this office : 120
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