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Jones Day

Gaël Saint Olive

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Work +33 1 56 59 38 50
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Jones Day

Work Department

Mergers & Acquisitions; Global Disputes; Africa Practice.

Position

Gaël Saint Olive advises French and foreign clients in the area of international mergers and acquisitions, including multijurisdictional transactions involving coordination of legal teams in multiple countries. He advised Sanofi in the sale of various worldwide pharmaceutical businesses and its acquisition of a leading generics manufacturer in Colombia, as well as the acquisition of pharmaceutical assets in Africa; Lagardère Services in connection with numerous M&A transactions, including its acquisition and subsequent resale of Virgin Megastores SA and its joint ventures with Aéroports de Paris; MasterCard Europe in its acquisition of the control of Europay France and in a multinational joint venture with Accor with respect to prepaid cards; Simon Property Group and Ivanhoe Cambridge in connection with the sale of their French and Polish operations to Unibail; Simon Property Group in connection with the acquisition of a 27.8 percent interest in Klépierre; Société de Financement Local (SFIL) in connection with its creation as part of the market withdrawal of Dexia Crédit Local; and Atlanta's High Museum of Art in its partnership with the Musée du Louvre. Other representative clients include Abbott Laboratories, Procter & Gamble, and Total. Gaël is the Administrative Partner of the Firm's Paris Office.

Languages

English, French.

Member

Admitted to the Paris Bar.

Education

Georgetown University (LL.M. 1985); Institut d'Etudes Politiques de Paris (Sciences Po) (Diploma 1983); Ecole Normale Supérieure (1983); Université de Paris II-Panthéon Assas (DESS in Business Law and Taxation 1983; Maîtrise 1982); Université de Paris I-Panthéon Sorbonne (Licence en droit 1981).


France

Mergers and acquisitions

Within: Mergers and acquisitions

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.

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France: Industry focus

Industry focus: Healthcare and life sciences

Within: Industry focus: Healthcare and life sciences

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.

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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 France

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • 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

    The Kingdom of Morocco is supporting the ambition of becoming the leading financial place for Africa. In this context, a wave of draft laws is to be passed and implemented within the following months, amongst which, the Law No. 53.08, setting up a new financial authority, and the Law No. 54.08, reforming public offering rules, are of paramount importance to Moroccan and foreign issuers, and financial institutions.
  • ACQUISITIONS IN CHINA : ASSET OR SHARE DEAL?

    The opportunities offered to foreign investors by the Chinese mergers and acquisitions market are increasing every year: in 2010, transactions involving foreign companies came to 60.1 billion euros, an increase of 21.2% compared with 2009. Seen from the West, where markets are declining, all sectors of the Chinese economy seem to be undergoing promising development and the statistics indicate that the Middle Empire will be a lasting springboard for growth.
  • 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

    THE PROCEDURE IS CLARIFIED, BUT MAY COMMITMENTS APPLY WITHOUT LIMIT?
  • 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.
  • Réforme fiscale

    À la une Parmi les mesures annoncées par le Premier Ministre dans le cadre du plan de réduction des déficits, deux d’entre elles sont susceptibles d’affecter de nombreuses entreprises