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Jones Day


Germany

Antitrust
Antitrust - ranked: tier 4

Jones Day

With an ‘excellent level of service, good business understanding and precise adviceJones Day covers damage claims, compliance and merger control proceedings; in the latter area the practice often handles cross-border matters thanks to its firm integration into the global firm network. Under the ‘outstandingCarsten Gromotke’s lead the team advised Randstad Holding on the takeover of Monster Worldwide. It also provided merger control advice to Axiall in connection with the company sale to a US chemical company and Johannes Zöttl assisted the International Automotive Components Group with antitrust matters related to the establishment of a joint venture with Shanghai Shenda.

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Employment
Employment - ranked: tier 5

Jones Day

With ‘flexible and short turnaround times’, Jones Day provides ‘appropriate employment law advice’ including ‘the right amount of detail’. Involved in a number of major transactions, the team advised Plastic Omnium on the sale of its subsidiary SULO Emballagen to PE-Haus Fields, and General Electric on the sale of its financial operations to Wells Fargo. Advice provided by team head Friederike Göbbels is ‘perfectly tailored to the respective company’; she is also praised as ‘considering several approaches instead of following a defined pattern’.

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Private equity
Private equity - ranked: tier 4

Jones Day

Jones Day has vast experience in public takeovers and most recently advised GfK on the public takeover bid by KKR followed by a squeeze-out and delisting with a transaction volume of €2bn. A corporate client was Total, which retained the group for the €3.2bn sale of speciality chemicals subsidiary Atotech to Carlyle, while in the world of funds, clients such as Blackstone, Findos Investor and real estate investor Signature Capital make up the portfolio. Property transactions form a second pillar of the practice, which assisted Pandox with the purchase of a €415m hotel portfolio from Invesco Real Estate. A very large group covers all areas related to private equity transactions – from acquisition financing to antitrust matters; Ivo Posluschny, Ansgar Rempp, Philipp Grzimek and Maximilian Krause, who made partner in December 2016, are highly regarded.

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Germany: Banking and finance

Lending and borrowing
Banking and finance: Lending and borrowing - ranked: tier 4

Jones Day

Clients feel ‘well taken care of’ at Jones Day’s finance practice, which continues to position itself in advising on acquisition finance, corporate loans and real estate financings. On the borrowers’ side it assisted MAHLE with financial matters in connection with the sale of the industrial filtration group division to the Filtration Group, a subsidiary of Madison Industries, and recently also with the financial aspects of the sale of its forging activities to the Frauenthal Group, noted at the Vienna Stock Exchange. The team also acted for SEB as documentation agent regarding the granting of a €210m refinancing for Vetter Pharma. The client portfolio also includes private equity sponsors, such as Aurora Resurgence, a fund by Aurora Capital Group, concerning the financing of the acquisition of Karl Höll via the portfolio company Alltub. In the real estate segment Claudia Leyendecker in Düsseldorf advised Hansteen Holdings on the sale of its German and Dutch real estate portfolio at a purchase price of €1.28bn to the Onyx joint venture by The Blackstone Group and asset manager M7 Real Estate. In Frankfurt practice head Sandra Kamper and the extremely active European counsel Sascha Schmidt are recommended.

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Germany: Capital markets

Structured finance and securitisation
Capital markets: Structured finance and securitisation - ranked: tier 3

Jones Day

Jones Day’s ‘above average’ practice is noted for its ‘good advice’ on structured products, derivatives, securitisations, particularly of auto loans and trade receivables, but also in product-based regulatory law. The team is ‘very good: quick, efficient, direct, without detours and unnecessary additional work’ and focuses on asset-based financings especially with regards to support through new technologies, such as blockchain. It advises key clients Volkswagen Bank and Volkswagen Financial Services not only on the yearly update and extension of the seven securitisation platforms for ABS loans with a total volume of up to €10bn, but now also assists with the structuring and the new development of the Italian securitisation programme in collaboration with the Milan office. Another highlight is the firm’s advice to UniCredit regarding its asset-based commercial paper programme, the multi-seller programme Arabella Finance DAC with an outstanding volume of €4bn for the European and US market. ‘Very experienced’ practice head Ulf Kreppel is ‘very professional and solution-oriented and as transaction lawyer manages a balance of interests between all parties’. Nick Wittek is also recommended.

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Germany: Corporate and M&A

M&A: Large international deals (€500m+)
Corporate and M&A: M&A: Large international deals (€500m+) - ranked: tier 3

Jones Day

Jones Day’s ‘very good’ M&A practice is particularly well known for acting on large US-German transactions and is also very active in public takeovers. One example is advising GfK on the public takeover offer by KKR followed by the squeeze-out and delisting. Of particularly high volume was Total’s €3.2bn sale of specialty chemicals subsidiary Atotech to Carlyle, with a team led by Adriane Sturm acting for the seller. The practice group was strengthened in June 2016 by the addition of Kerstin Henrich from Orrick, Herrington & Sutcliffe LLP and a month later by Christian Trenkel’s addition from Clifford Chance. Ansgar Rempp leads the now 17 partner-strong group, which is spread over three locations, Frankfurt, Düsseldorf and Munich.

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Germany: Dispute resolution

Commercial litigation
Commercial litigation - ranked: tier 5

Jones Day

Jones Day’s strength lies in dealing with matters connected with energy law, regularly representing energy sector clients in price revision proceedings alongside supply and post-M&A disputes. Financial institutions, investment companies and manufacturing groups also instruct the team, which is led by Johannes Willheim.

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Germany: IT and outsourcing

Data protection
IT and outsourcing: data protection - ranked: tier 2

Jones Day

Jones Day’s data protection expertise is clearly the main pillar of the firm’s broad IT practice surrounding the well regarded Undine von Diemar and besides domestic work also generates an impressive number of mandates from Asia and the US. The team advises on GDPR matters and frequently on international data transfers, cybersecurity, employee data protection and group privacy, data protection in connection with internal investigations, transactions and compliance. A highlight in the healthcare sector was advising Cardinal Health on data protection aspects during the acquisition of Cordis from Johnson&Johnson, in the course of the integration and regarding the GDPR. Heilind sought the firm’s advice for data protection issues related to its acquisition of the MPS group of companies and RTI Surgical for data protection during an SAP implementation project, which involves data transfer from different European states to the US. Salesforce.com and ICANN are other clients.

Leading individuals

Undine von Diemar - Jones Day

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Information technology (including contracts)
IT and outsourcing: information technology (including contracts) - ranked: tier 4

Jones Day

Jones Day’s expertise in traditional IT law consists of procurement capabilities, contractual law and software copyright. In recent highlights the team led by Undine von Diemar advised software company Cylance on contractual matters related to the distribution of cloud-based artificial intelligence IT security solutions, acted for computer manufacturer Cray in an IT procurement procedure and assisted the German kitchen device manufacturer Rational with IT law matters in connection with an international partner network and a connected cooking platform. Clients also increasingly seek the firm’s advice on FinTech and MedTech matters. Former of counsel Wolfgang Büchner retired.

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Germany: Industry focus

Telecoms
Industry focus: telecoms - ranked: tier 2

Jones Day

Jones Day has a ‘flexible approach and gives practical recommendations with clear guidelines’ primarily on regulatory matters, while also acting in relation to data protection matters. ‘Very experienced’ practice head Holger Neumann represented Verizon in numerous regulatory and administrative proceedings, with the main focus being regulatory orders, the regulation of alternative subscriber network operators and interconnection and mobile termination rates. The group continued representing Deutschlandradio in litigation against the Federal Network Agency before the Administrative Court of Cologne concerning the newly regulated charges for the transfer of FM radio signals according to the Telecommunications Act. The firm’s international positioning came in handy for drone producer DJI Innovations, which was advised on compliance matters concerning the German and European telecoms regulation as well as on product safety and frequency and aviation regulation. Associate Martin Wortmann has ‘very good analytical skills’; of counsel Wolfgang Büchner left for Memminger LLP in July 2017.

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Germany: Intellectual property

Patent litigation
Intellectual property: patent litigation - ranked: tier 3

Jones Day

Jones Day’s patent litigation practice focuses on advising pharmaceutical companies. The team around practice head Martin Weber, which also includes Christian Paul, represented BioMarin Pharmaceuticals in a patent dispute surrounding Duchenne muscular dystrophy medication together with the London office. Celgene is a regular client regarding proceedings against generic drug manufacturers in the area of cancer medication and the South Korean company CJ CheilJedang sought the firm’s advice in a patent dispute against a Japanese competitor regarding a genetically engineered amino acid. Gerd Jaekel acted for Lufthansa Technik in an international patent infringement proceeding against a US distributor of aircraft cabin electronics. Another client was QA Technologies in inspection, patent infringement and nullity proceedings surrounding test devices for the circuit control of mobile phones.

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Patent prosecution
Intellectual property: patent prosecution - ranked: tier 2

Jones Day

Jones Day’s team ‘gives companies the feeling of being the only client’ and is ‘always available’. Martin Weber advises on a portfolio by biopharmaceutical company Akebia Therapeutics; the firm also represented the client in opposition proceedings at the EPO that involved relying in part on discovery proceedings led in the US. In opposition proceedings the team was also busy acting for Rational, a German manufacturer of combi steamers and ovens suitable for large and commercial kitchens. Dorothée Weber-Bruls handles the global portfolio management for SMR Patents around rear-view mirrors, particularly with regard to the German and US market and related freedom-to-operate analyses for new camera system technologies. The firm also assisted shipbuilding company Ulstein Group with the development of an application strategy in the area of hulls. The ‘particularly goodChristian Paulworks synergetically’.

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Germany: Real estate and construction

Real estate
Real estate and construction: Real estate - ranked: tier 3

Jones Day

Real estate transactions, most notably in the hotel and retail sectors, constitute a key portion of Jones Day’s workload along with financing, project development and asset management matters. Recently, Frankfurt-based Nicole Kadel advised Hansteen Holdings on the sale of its German-Dutch real estate portfolio to a joint venture between Blackstone and M7 Real Estate for €1.28bn. In 2016, Christian Trenkel assisted Pandox with the acquisition of a portfolio consisting of seven hotels in various European locations. Frankfurt-based Sandra Kamper heads the team.

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Germany: Restructuring and insolvency

Restructuring
Restructuring and insolvency: Restructuring - ranked: tier 4

Jones Day

The eight-partner restructuring team at Jones Day not only provides restructuring advice but also covers the enforcement of and defence against claims. The firm predominantly acts for executives and companies in the automotive, construction, retail and fashion industries. With a strong global and particularly pan-European orientation, it regularly handles cross-border matters; the German team around Olaf Benning advised American Apparel on the restructuring and assessment of insolvency risks and the coordination of worldwide insolvency applications, including the insolvency application of the subsidiary American Apparel Germany. Restructuring expert Sandra-Christiane Kamper assisted a well known automotive manufacturer in financial distress due a fine with restructuring matters. Maximilian Krause was promoted to partner in January 2017.

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Further information on Jones Day

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United Arab Emirates

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Australia

Offices in Sydney, Perth, Brisbane, and Melbourne

Belgium

Offices in Brussels

China

Offices in Shanghai and Beijing

Germany

Offices in Frankfurt, Munich, and Dusseldorf

Spain

Offices in Madrid

France

Offices in Paris

Hong Kong

Offices in Hong Kong

Indonesia

Latin America: International firms

India

Italy

Offices in Milan

Japan

Offices in Tokyo

London

Offices in London

Mexico

Offices in Mexico City

Netherlands

Offices in Amsterdam

Philippines

Singapore

Offices in Singapore

Saudi Arabia

Offices in Riyadh, Al-Khobar, and Jeddah

Taiwan

Offices in Taipei

United States

Offices in San Francisco, Houston, Washington DC, Pittsburgh, New York, Irvine, Dallas, Columbus, Cleveland, Chicago, Atlanta, Los Angeles, San Diego, Palo Alto, Boston, Miami, Minneapolis, and Detroit

Legal Developments by:
Jones Day

  • US rules regarding offshore accounts

    The Hiring Incentives to Restore Employment Act 2010, enacted on 18 March 2010, imposes a new US withholding tax and reporting regime, known as the Foreign Account Tax Compliance Act (FATCA). The FATCA regime applies generally to payments made after 31 December 2012, except on obligations (to be defined in future guidance) outstanding on 18 March 2012. Substantial effort is required by foreign entities to bring their worldwide operations and policies into compliance with the FATCA rules as of the effective date.

    - Jones Day

Legal Developments in Germany

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