Orrick Rambaud Martel > Paris, France > Firm Profile

Orrick Rambaud Martel
CEDEX 16, 75782 PARIS

France > Derivatives and structured finance Tier 1

Orrick, Herrington & Sutcliffe LLP is known for its longstanding expertise in advising on innovative transactions, especially in structured finance, including in complex cross-border matters, large securitisations of financial assets, and sovereign debt issuances. Practice head Hervé Touraine, who splits his time between Paris and Geneva, is the chairman of the Securitisation Commission of Paris, with Olivier Bernard also involved in the commission’s development of the Paris marketplace.

Practice head(s):


‘Experienced and motivated team, rigour in execution.’

‘A responsive, pragmatic team, attentive to clients and excellent technically, certainly one of the best in Paris in terms of synthetic securitizsation.’

‘Olivier Bernard is always very involved in the files and has surrounded himself with quality associates.’

‘Orrick ‘s securitisation, derivatives and structured finance team has extensive knowledge and experience in securitisation in all its forms.’

‘Olivier Bernard and his team have an excellent knowledge of the specific constraints of an originator in the context of a synthetic securitisation. Olivier is always remarkably available. He and his entire team are fast, efficient and always provide innovative solutions to the problems encountered.’

‘Olivier Bernard and Laure Seror are both excellent professionals, acting as real advisors to their clients.’

‘Hervé Touraine: availability, high level of expertise in many areas, project management. Judith Rousvoal: availability, detailed knowledge of some very specific areas.’

‘We involve Orrick to handle our most complex cases because they bring real expertise and added value. They provide high quality advice. We also value the communication between partners; Olivier Bernard and Hervé Touraine are not in competition, but are complementary and interchangeable, which ensures great fluidity and transparency in the processing of files.’

Key clients

Axa Banque

BNP Paribas


Crédit Agricole Consumer Finance

Crédit Agricole Corporate and Investment Bank (CRÉDIT AGRICOLE CIB)

La Banque Postale

Morgan Stanley


Work highlights

  • Advising the Kingdom of Morocco on its issuance of $3bn in sovereign bonds on the international financial market.
  • CHECKING CONFIDENTIALITY Acting for BNP Paribas on the setting up of the €8bn Resonance 5 synthetic securitisation, the first known case of using an insurance contract as an unfunded credit protection instrument to carry out a securitisation achieving significant risk transfer.
  • Advising the BPCE group on the structuring and setting up of a €1.5bn debt fund dedicated to major renewable energy financings.

France > Dispute resolution: Commercial litigation Tier 1

Orrick Rambaud Martel is often called upon by leading French and international corporations to handle their most challenging cases. The versatile team, led by Frédéric Lalance, acts in complex matters, mixing commercial litigation with notably competition, corporate and insolvency law issues. Lately, the practice has been handling particularly significant cases in relation to major debt restructuring and insolvency cases which have set up several precedents. The team is also handling a high-stakes dispute opposing two of France’s leading telecoms operators. The practice’s range of expertise also extends to securities and criminal matters and includes complex cross-border matters, with the firm’s international capabilities a clear asset in dealing with exequatur matters and other international disputes. The highly renowned Jean-Pierre Martel is another well-known market figure in the team. Senior associate Cécile Biadatti provides key support.

Practice head(s):

Frédéric Lalance


‘The team is made up of very competent and specialised members. The availability of the team is a real plus. The team listens and knows how to adapt to our requests while keeping their role of legal advisor.’

‘Very high level of competence. Extensive experience in arbitration and litigation, and at ease working in an international and multicultural environment.’

‘Strong partner involvement.’

‘Frédéric Lalance has successfully supported us for a long time. The involvement has always been very good.’

‘Frédéric Lalance shows availability, clarity and efficiency.’

‘Frédéric Lalance and Cécile Biadatti are a real safe harbor to navigate through complex jurisdictions in both English and French-speaking African countries.’

‘A wonderful disputes team consisting of Frédéric Lalance (partner) who is extremely good at analysing complex cross-border disputes and formulating legal strategies across a range of jurisdictions.’

‘Frédéric Lalance is extremely knowledgeable, client friendly and a great strategist.’

Key clients

Arcole Industries


Bureau Veritas

Consortium de Réalisation


Crédit Agricole

Diane Wildenstein




Etablissements Peugeot Frères





Officiis Properties

Opel Bank

Production Resources Group


Rothschild & Cie



Work highlights

  • Represented SFR in a €3bn competition law follow-on damages claim against Orange.
  • Successfully represented Arcole Industries in securing the dismissal of almost €400m worth of claims brought by the judicial liquidator of Mory Ducros, the AGS, 1,000 former employees and two trade unions in relation to the insolvency of two of the client’s former subsidiaries, Mory Ducros and MoryGlobal.
  • Obtained major victories for Italian energy company Enel in 2021 after a fierce and long-running battle involving Albanian judgments against the company over a partnership dispute with more than €430m at stake.

France > Dispute resolution: Stock market litigation Tier 1

Orrick Rambaud Martel has outstanding credentials in the field. The firm has extensive experience in takeover disputes and has recently been retained by Veolia to assist with its hostile takeover bid on Suez, one of the market’s recent highlight stock market M&A battles. The team is also adept at assisting leading French companies with governance issues and investigations led by the AMF. The legendary Jean-Pierre Martel and Alexis Marraud des Grottes are excellent. Frédéric Lalance heads the litigation practice.

Practice head(s):

Frédéric Lalance


‘High-performing team with a good knowledge of the AMF.’

‘Alexis Marraud des Grottes has a very good knowledge of AMF regulations (and of the stock market law environment). His intervention facilitates dialogue with the AMF. He is one of the best players in the market on these issues.’

Key clients


Elliott Capital Advisors


Bastide Le Confort Medical




Work highlights

  • Assisted Veolia with reaching a settlement with Suez after successfully challenging the validity of Suez’s takeover defence.
  • Advising Elliott Capital Advisors in ongoing litigation with XPO Logistics arising from the tender offer XPO launched in June 2015 on the French listed company Norbert Dentressangle.
  • Represented Elliott in challenging the tender offer of Capgemini on Altran with ADAM and other shareholders.

France > Employment Tier 1

Orrick Rambaud Martel is particularly active for banks and asset management firms whom the practice notably advises on strategic restructuring and M&A projects, as well as on sensitive individual files, such as the departure of top management executives. The practice is also a key adviser to a prominent airline company whom it is currently assisting with several large-scale restructuring projects. Collective bargaining negotiations and employment law support in the context M&A transactions handled by the firm’s corporate colleagues are other areas of strength. The practice is co-headed by Emmanuel Bénard and Nadège Owen. They are ably supported by of counsel Hélène Boukez.

Practice head(s):

Emmanuel Bénard; Nadège Owen


‘The employment law team is very clearly above average in terms of quality of advice and responsiveness. This team creates a real partnership relationship, is able to provide ‘integrated’ advice. The approach is always extremely pragmatic, very solid technically and in the respect of absolute ethics. The relationship is also very fluid, simple, very pleasant. The team is present in times of emergency or crisis; which is extremely precious and reassuring.’

‘Emmanuel Bénard has this ability to embrace very complex issues, to analyse them and explain them in a simple, clear and very structured way. He knows how to think ‘outside the box’ to find pragmatic, ethical and technically reliable solutions and thus support his clients in the most difficult situations. He is a partner who can be counted on at all times and who is truly at the service of her clients. He has exceptional interpersonal skills and knows how to interact, with the same respect, at all levels of the organisation. He is extremely appreciated and respected. It is a real pleasure to work with him. Finally, he also has the talent of knowing how to surround himself and grow his teams.’

‘The firm’s team is characterised by its great reactivity and its very in-depth analysis of the various situations. I also appreciate their strategic and anticipatory vision.’

‘Very involved team able to handle all aspects of a case under very tight deadlines. Ability to assist in decision-making on complex and organisational matters. Ability to process files in bilingual French and English.’

‘Total availability day, night, WE and vacation of the team. Ability to provide quality services from one day to the next.’

‘High-level advice. Relevance. Top availability and responsiveness.’

‘The employment practice is exceptional because, beyond being technically very good employment law professionals, they are very good advisors in dealing with employee representatives bodies and managing complex negotiations.’

‘Emmanuel Bénard proved to be an exceptional negotiator and solution finder to a complex and sensitive situation. He understood the underlying business and strategic objectives very well. Last but not least, very strong human interaction and communication skills.’

Key clients

Air France

Antin Infrastructures


Crédit Agricole


Forensic Risk Alliance

La Banque Postale

La Banque Postale Asset Management




Work highlights

  • Assisting Air France with three large and complex downsizings as well as Hop!, its subsidiary, with a large scale collective dismissal plan.
  • Advised LBPAM in the context of a transaction that split the asset management subsidiary (LBP AM) into two companies, entailing a joint venture with Natixis, another major player of the asset management industry dedicated to euro-credit and insurance mandates for institutional clients.
  • Advising Antin Infrastructures in the context of a transaction involving the contemplated sale by Antin Infrastructures of its shares in Almaviva Capital, a prominent private healthcare group operating in Ile de France, PACA and Corsica.

France > Administrative and public law Tier 2

Orrick Rambaud Martel particularly stands out for its high-level expertise in large public infrastructure and energy projects. The team assists a prominent client base in that area, namely leading private sponsors and operators, while also receiving mandates from lenders and French governmental entities. The firm has recently been particularly involved in several new motorway projects in the country in addition to advising motorway concession operators on negotiations with the French state to compensate for business revenues loss due to the Covid-19 crisis. The team is regularly also entrusted to deal with regulatory and public contract performance issues spanning various sectors, notably managing a high-stakes file concerning the abrupt termination of a large commercial project. The team is finally highly involved in the French renewables sector, advising the French state on the development of large-scale offshore projects, but also regularly acting alongside the firm's corporate and project teams in greenfield and brownfield work. The team is co-headed by Geoffroy Berthon and senior counsel Noël Chahid-Nouraï.

Practice head(s):

Geoffroy Berthon; Noël Chahid-Nouraï


‘High availability and ability to support the client with creative legal solutions.’

Key clients

Alliages et Territoires (groupe Auchan)

Allianz Global Investors


Azienda Trasporti Milanesi (ATM)

Bolloré Transport & Logistics

Bouygues Construction

Caisse Des Dépôts et Consignations

DIF Capital Partners


EOS Holding


French Government – Ministère de la Transition écologique

Heuliez Bus

ICT France




Société Générale

Societé Générale Equipment Finance

Work highlights

  • Advising the French government on the fourth and fifth tenders concerning the construction and operation of offshore wind farms in Normandy and Brittany.
  • Advising a bidding consortium including Egis Projects and Azienda Trasporti Milanesi (ATM) on the €535m tender process launched by Ile de France Mobilités for the operation of lines 16 and 17 of the ‘Grand Paris Express’ metro system.
  • Representing lenders on tender processes launched on the motorway and toll road concessions in France (A69 route) and in Cameroon.

France > EU, competition and distribution Tier 2

The competition and EU law team at Orrick Rambaud Martel specialises in merger controls, damages claims, anti-competitive practices, cartel and abuse of dominance investigations, and state aid matters. French and EU competition law authority Patrick Hubert leads the team which includes Marie-Laure Combet who handles cartel investigations and compliance programme implementation. Support is provided to the group by abuse of dominance specialist Malik Idri who made partner in February 2022. The team’s sector expertise spans the telecoms, life sciences, engineering, energy, banking and aviation sectors.

Practice head(s):

Other key lawyers:


‘The team at Orrick stands out for its determination to help clients with the most complex legal matters – they have a reputation for being relentless in their approach to find solutions to problems faced by their clients, and they are extremely comprehensive and thorough as well as exceptionally client-focused.

‘Marie-Laure Combet is a stand-out individual in Orrick’s Paris office, with an outstanding reputation for state aid in France, where she has advised clients on a large number of landmark cases. She has an outstanding reputation for her in-depth expertise on state aid matters in the financial services, transport and energy sectors, in particular. Marie-Laure is also exceptionally client-focused and driven. Together with her team, she always goes the extra mile to support her clients in the best way possible, and she is relentless in helping her clients overcome the legal challenges. She is really a stand-out name for state aid matters in the French market.’

Key clients

Axa Reim France



Goldman Sachs



Royal Mail Group Ltd



Biogaran (Servier Group)

Chantiers de l’Atlantique

Work highlights

  • Represented Saint-Gobain Isover in an investigation by the French Competition Authority regarding an allegation of anticompetitive practices, resulting in the complete dismissal of the case with all charges against Saint-Gobain Isover being rejected as baseless.
  • Representing SFR in in an approximately €3bn damages claim against Orange for anticompetitive practice, securing a first-of-its-kind decision in a pre-judgment by the Paris Commercial Court which set up novel access to an evidence system enabling parties to obtain access to evidence and yet ensure protection of sensitive information.
  • Representing Chantiers de l’Atlantique in relation to the merger control review of its contemplated takeover by Fincantieri.

France > Industry focus: Energy Tier 2

Orrick Rambaud Martel offers the full range of expertise, spanning project, finance, regulatory and corporate issues, as well as disputes, acting in matters in France and abroad, notably in Africa. The firm has a strong presence in the French renewables sector, with its work for the French state on the development of large-scale offshore projects and its caseload of acting for operators and sponsors on greenfield and brownfield work standing out. Public law experts Geoffroy Berthon and senior counsel Noël Chahid-Nouraï, as well as corporate partner George Rigo  are the key names for French renewables matters. In Africa, the team’s wealth of experience earns it instructions from sponsors and operators for various projects, including renewables, mini-grid development and more conventional power plant projects. The group is notably active in the Democratic Republic of Congo, Togo and Cameroon. Practice head Yves Lepage and Foucaud Jaulin, who was promoted to partner in 2021, are the key contacts here.

Practice head(s):

Yves Lepage


‘They have a sophisticated understanding of how to present information to governmental counterparties.’

‘Yves Lepage is well connected and has a good feel for what is necessary to make a transaction work. Foucaud Jaulin is dynamic and responsive to client needs.’

Key clients


CDC Group Plc

Crédit Agricole


EOS Holding

Eranove Group

The French Government

Geogas LNG


Republic of Mali

Société Générale


Work highlights

  • Advising the French government on calls for tenders regarding the implementation of several offshore wind farms.
  • Represented Gazprom in two separate arbitrations concerning price revision provisions with major European gas purchasers.
  • Assisted Gridworks, Eranove and AEE Power in the conclusion of concession agreements for the $100m development and financing of mini-grids and power generation plants in Democratic Republic of Congo.

France > Private equity: LBO Tier 2

Orrick Rambaud Martel is well placed to handle complex large-cap transactions, with it being able to handle a myriad of ancillary matters, such as tax, financing and restructuring, among others. The group acts for clients on LBOs, MBOs, secondary buyouts and sale of portfolio companies. Practice head Patrick Tardivy is particularly well known for advising both French and international clients on private equity transactions in the energy, infrastructure and real estate sectors.

Practice head(s):

Patrick Tardivy

Other key lawyers:

Olivier Jouffroy


‘Patrick Tardivy is always available, very business-oriented, knows how to lead and guide his client proactively. He has excellent knowledge of the infrastructure sector and knows how to lead an M&A deal from A to Z. An exceptional partner on a transaction.’

‘Orrick’s M&A team is high performing, extremely committed and experienced.’

‘Patrick Tardivy manages this team expertly and remains fully involved in the cases.’

‘Great team, great international coverage.’

‘Olivier Jouffroy is tech-savvy and hardworking.’

Key clients

3i Infrastructure

Antin Infrastructure Partners



CNP Assurances


EOS Holding


Impax Asset Management

Inter Invest

LBO France

Malakoff Médéric


Société Générale Insurance

TVM Capital Life Science

Work highlights

  • Assisted Axa Investment Managers – Real Assets with (i) the negotiation of circa €2bn strategic partnership with In’li for the delivery of a pipeline in a real estate development; and (ii) with The acquisition of German laboratory group Amedes from French infrastructure investor Antin.
  • Advised CNP Assurances on (i) the negotiation and signing of binding contractual commitment to purchase the new SUEZ; and(ii) the negotiation of a binding agreement with Engie for the acquisition of an additional 11.5% stake in GRTgaz, a deal worth around €1.6 billion.
  • Advised Antin Infrastructure Partners on the contemplated divestment of Almaviva Santé to Wren House Infrastructure alongside SRS and Bpifrance.

France > Private equity: venture/growth capital Tier 2

Orrick Rambaud Martel has a solid presence in the venture and growth capital space in France and represents a mix of start-ups, growth-stage companies, and leading investors. The team routinely advises clients on high-value corporate transactions, both domestic and cross-border. Benjamin Cichostepski  well known for his experience in acting for technology and internet companies and co-heads the team with Olivier Edwards, who has been advising emerging companies and venture capital funds for over two decades. Olivier Vuillod advises start-ups and growth technology companies throughout their life cycle and has significant cross-border transaction expertise.

Other key lawyers:


‘In my experience, the team ‘s exceptional capacity is distinguished by three aspects (i) A perfect knowledge of the mysteries of documentation (ii) Total availability (including  ‘off hours’) (iii) The situational intelligence of the team, which is also able to manage interpersonal issues between leaders, founders, but also to resolve heavy points of tension with the counterparts. I add that the Orrick team does not hesitate to ‘take hits’, including vis-à-vis key fund bosses, and to advise daring strategies, where colleagues remain on a reserve of circumstance.’

‘The most remarkable person is Olivier Edwards. Edwards has a presence and an assurance which allows his clients to take a strong stance during negotiations. Edwards also knows how to convince his clients, if necessary, to return to a compromise position. Olivier Edwards is, in my experience, the best lawyer in his specialty in France.’

‘We benefit from a dedicated team on our subjects. It is made up of experts in all areas of law with an EU and US focus. It is the only firm to have implemented such a dedicated, diversified and easily accessible resource.’

‘Olivier Edwards – always an attentive ear, great creativity and experience to think on a case-by-case basis and ‘out of the box’, passionate about finding solutions that meet consensus, even if unusual. We feel the company’s project is standing on the shoulders of a giant.’

Key clients





Battery Ventures


Cathay Capital


Hardware Club


Idinvest Partners









Volta Medical

Work highlights

  • Advised Dataiku on its $400m Series E financing round and $100m Series D funding round.
  • Advised Upfront Ventures and Footprint Coalition, Ynsect’s historical and largest investor, on the Ynsect’s $372m capital raising extension.
  • Assisted French insurtech startup Alan with its €185m Series D financing round, led by Coatue Management.

France > Project finance Tier 2

Orrick Rambaud Martel‘s practice focuses on infrastructure and energy projects in France and Africa. The team most often assists sponsors, operators and developers, but also acts for lenders and state entities. In the infrastructure sector, the team is advising on several tender projects relating to new French motorway projects and also on road and airport projects in Cameroon and Guinea. The team is highly involved in the energy sector. In France, the practice is advising the French state on the development of large-scale offshore projects in addition to advising sponsors and operators on African renewables, electricity grid and conventional power plant projects. The practice is co-headed by a complementary trio made up of project partner Yves Lepage, public law expert Geoffroy Berthon and finance partner Carine Mou Si Yan. Foucaud Jaulin, who made partner in 2021, is another key member.

Practice head(s):

Yves Lepage; Carine Mou Si Yan; Geoffroy Berthon

Other key lawyers:


‘Very good team, reliable and efficient.’

‘Yves Lepage and his team made project finance accessible and efficient.’

‘Yves Lepage and Foucaud Jaulin show strong legal expertise and commercial sense. They are dealmakers.’

Key clients

3i Group Plc

Allianz Global Investors

Azienda Trasporti Milanesi (ATM)

Caisse des Dépôts et Consignations (CDC)


Egis Projects


EOS Holding



Geogas LNG

Icade Promotion

Jaguar Network

Société Générale

Société Générale Insurance

TERÉGA (formerly called TIGF)

The French Government

The French Government


Work highlights

  • Advising the French government on calls for tenders regarding the implementation of several offshore wind farms.
  • Advising the lenders of the consortium led by FAYAT and EGIS (and which also includes Caisse des Dépôts et Consignations) regarding the bidding process and €500m financing of the construction of the A69 motorway concession.
  • Acting for bidders in the €535m tender process launched by Ile de France Mobilités for the public service contract for the operation of lines 16 and 17 of the ‘Grand Paris Express’ metro system.

France > Banking and finance: transactional work Tier 3

Orrick Rambaud Martel is well-regarded for its ‘significant expertise in VC financing and high-growth companies’. It is also retained by leading financial institutions, investment funds and corporates on a broad range of mandates involving real estate and project finance, fund finance, and debt refinancing and restructuring. Hervé Touraine, whose expertise spans structured finance and securitisations, leads the department.

Practice head(s):

Hervé Touraine


‘Significant expertise in VC financing and high-growth companies. Understand the space very well and is well connected.’

Key clients

Crédit Agricole Corporate and Investment Bank (CA-CIB)

Société Générale

BNP Paribas Groupe Bertrand

Banque des Territoires


Amundi Asset Management

La Banque Postale


Oaktree Capital

The Kingdom of Morocco

GuarantCo Ltd

Work highlights

  • Acted for the Kingdom of Morocco on two large sovereign issuances (of $3bn and €1bn).
  • Advised Axa IM-RA on a €800m mortgage finance programme pertaining to 25,000 housing units in the Île-de-France region.
  • Advised the lenders of the consortium led by FAYAT and EGIS (and which also includes Caisse des Dépôts et Consignations) regarding the bidding process and €500m financing of the construction of the A69 motorway concession.

France > Mergers and acquisitions Tier 3

Founded in California, Orrick Rambaud Martel is acclaimed for its ‘great experience with cross-Atlantic companies operation in the US’. The French practice acts on a mixture of local and cross-border mandates, forming part of a 1000 lawyer team spread across 25 global offices. Practice head Patrick Tardivy  provides the group with M&A, buyout and joint venture expertise. Jean-Pierre Martel is very experienced in multijurisdictional transactions, restructurings and corporate disputes. At the more junior end of the partnership spectrum, Olivier Jouffroy  is cited as ‘tech savvy, accessible and hardworking.’

Practice head(s):

Patrick Tardivy

Other key lawyers:

Jean-Pierre Martel; Olivier Jouffroy; George Rigo; Gergana Rodriguez-Bacarreza


‘M&A expertise, pugnacious, perpetual search for solutions, responsiveness.’

‘A team that adapts to the needs and culture of its clients and actively participates in making deals a reality.’

‘Excellent understanding of our challenges, our businesses and our expectations.’

‘Great team and internationally great coverage.’

‘Olivier Jouffroy is tech savvy, accessible and hardworking.’

‘Georges Rigo is a great professional with exceptional finesse. Very nice, hyper responsive. An iron fist in a velvet glove!’

‘Professionalism in all areas of law, thoroughness, availability, negotiation skills, multilingual skills.’

‘The Orrick team is distinguished by many aspects, but especially by its ability to adapt and its ability to manage complexity in due diligence and negotiations. The names to mention are George Rigo and Gergana Rodriguez.’

Key clients




BT Group Plc

CNP Assurances

EOS Holding


Euro Disney


Groupe Bertrand


Jaguar Network






SIB (Société d’Investissement Bastide)

3i Group plc


Antin Infrastructure Partners



Almaviva Santé

Work highlights

  • Advised Axa Investment Managers – Real Assets on (i) the negotiation of a €2bn long-term strategic partnership with In’li, a subsidiary of Groupe Action Logement, to develop almost 20,000 affordable housing units over the next 10 years and (ii) as part of the buying consortium (which also includes OMERS and GS Infrastructure) on the acquisition of German laboratory group Amedes from French infrastructure investor Antin.
  • Advised CNP Assurances (i) in its capacity as member of a consortium of investors comprising Global Infrastructure Partners, Meridiam and La Caisse des dépôts in connection with the negotiation and signing of binding contractual commitment to purchase the new SUEZ and (ii) the negotiation of a binding agreement with Engie for the acquisition of an additional 11.5% stake in GRTgaz, a deal worth around €1.6bn.
  • Advised Antin Infrastructure Partners on the sale of Almaviva Santé to Wren House Infrastructure, SRS and Bpifrance, as well as Almaviva, its portfolio company and a leading private hospital in southern France, on (i) its acquisition of Centre Médico-Chirurgical Floréal in Bagnolet and (ii) its acquisition of the Maymard group’s hospital facilities in Haute-Corse.

France > Real estate Tier 3

Orrick Rambaud Martel’s real estate practice draws on multidisciplinary expertise to support major clients in a range of market-leading development projects, investments, and top-end financing activities. On behalf of Axa Investment Managers, the team negotiated a long-term strategic partnership with In’li of a value of €2bn for the development of a portfolio of almost 20,000 new affordable housing units in the Ile-de-France region over the next 10 years. The ‘meticulous‘ and ‘diligent‘ team is led by Patrick Tardivy and Carine Mou Si Yan.


‘Orrick’s corporate real estate practice is distinguished by the very high technicality of the M&A team, complemented by the real estate practice. This integrated approach allows us to combine a great deal of finesse in terms of deal structuring and negotiation with perfect knowledge of the underlying real estate and to handle very complex cases.’

‘Patrick Tardivy and Olivier Jouffroy’s team is very diligent, very meticulous, while knowing how to show great pragmatism and agility.’

‘Had the chance to work with Olivier Jouffroy, remarkable professional for creativity and his speed of reasoning.’

Key clients

AXA Investment Managers – Real Assets

LBO France

Société Générale

Allianz Global Investors

CDC-CDC Habitat-Icade Promotion

Equinix Hyperscale 1 Holdings BV

Alliages et Territoires

Work highlights

  • Advised BPCE and Natixis, as joint arrangers, on the €1.125bn public residential mortgage-backed securities transaction of Groupe BPCE, France’s second-largest banking group, via a securitisation mutual fund named BPCE Home Loans FCT 2020.
  • Advised Axa Investment Managers – Real Assets, as majority shareholder of Cronos real estate company, on obtaining a ‘100% responsible’ €800m mortgage financing from a pool of banks.
  • Assisted Axa Investment Managers – Real Assets with the negotiation of a long-term strategic partnership with In’li worth c. €2bn for the development of a portfolio of almost 20,000 new affordable housing units in the Ile-de-France region over the next 10 years.

France > Tax Tier 3

Orrick Rambaud Martel has a strong and complementary team. Anne-Sophie Kerfant offers longstanding experience advising on corporate and finance transactional tax work. She also acts on complex restructuring transactions and the setting up of management incentive plans. Practice head Laurent Olléon has a strong focus on tax litigation and complex tax issues. He is notably appointed by leading French companies to assist them with key issues, including handling several matters in relation to local tax. In July 2021, the team welcomed Jessie Gaston (ex Dentons ), adding expertise in cross-border corporate transactions and insurance-related tax risk. Charles Briand left the firm in July 2021.

Practice head(s):

Laurent Olléon


‘The team explains and advises very clearly. They will collaborate with specialists where needed.’

‘Me Anne-Sophie Kerfant is always easily available and approachable. She explains matters clearly and always provides options of the various scenarios.’

‘Excellent, commercial and technical strength-in-depth in the tax team.’

‘Jessie Gaston is an excellent lawyer who takes time to understand the sector in which we operate.’

‘The team is very professional, responsive and the quality of the work is always very high.’

‘Responsive and close to us, the team’s advice is always the right one. Working with that team allows you to buy peace of mind on risky subjects.’

‘Laurent Olléon is a brilliant tax specialist, particularly excellent in certain subjects, and in particular the litigation field.’

‘Laurent Olléon is a reference in tax law. His way of approaching cases testifies of a rigour and finesse of legal analysis which allows him to have a detailed opinion endowed with a certain weight.’

Key clients



Dassault Systèmes

Cisco Systems

Veolia Environnement





SIACI Saint Honoré


Société Générale


Axa-REIM France

BPCE Group

BT Group


Hachette Livre


Equinix Hyperscale 1 Holdings BV

montanSOLAR GmbH


Toulouse Football Club

Advanced Accelerator Applications

Advent International

Air Liquide


BCBG Max Azria



Dufour Yachts








Work highlights

  • Advised Société Générale and Sogelease on the tax aspects of setting up a synthetic securitisation in respect of lease receivables originated by Sogelease.
  • Advised Lalilo, a France-based Edtech company, on cross-border tax issues relating to its acquisition by Renaissance Learning Inc.
  • Assisting Dassault Systèmes with a major corporate tax litigation.

France > Capital markets: equity capital markets Tier 4


‘Olivier Jouffroy always shows great availability, great responsiveness, great creativity, great reliability and great rigour.’

‘Olivier Jouffroy: Availability, reactivity and ability to understand very technical problems.’

Key clients

Bryan Garnier & Co



Metabolic Explorer


Sequans Communications


XAnge Private Equity

Work highlights

  • Acted for two of Believe’s key investors, XAnge Private Equity and Ventech, on Believe’s €300m IPO via listing on Euronext.
  • Advising UK fintech company PrimaryBid on the structuring of its unique offering in France.
  • ## INSERTED START: 15-11-2021 11:28:19 Advising Metabolic Explorer (a company listed on Euronext Paris) in connection with its €56.6 million capital increase in which preferential subscription rights were waived.

France > Dispute resolution: International arbitration Tier 4

Orrick Rambaud Martel regularly acts in disputes from the energy, natural resources and construction sector. The team is highly experienced and handles commercial and investment arbitration work. Its strong knowledge of the OHADA system frequently earn it instructions involving Africa. Recently, the practice has been mandated to act in an ICSID case involving shareholding attempt expropriation from a major Egyptian cement company in addition to representing a leading French company in a defective product ICC case. The practice’s work for a mining company in dealing with tax claims in relation to an African country fits in well with the firm’s positioning. Michael Bühler directs the Paris practice in addition to serving as global co-head of the firm’s international practice and is also regularly appointed as an arbitrator in large ICC cases. Charles Kaplan, Nicole Dolenz and of counsel Tunde Oyewole are also noted.

Practice head(s):

Michael Bühler


‘Quick response, deep knowledge of the market and high legal standing. Great advice and availability even at a short notice.’

‘Charles Kaplan has profound experience and skills, especially in regards to strategy and tactics. His parallel activity as an arbitrator is also of great assistance in preparing a case.  He has full comprehension of clients’ needs and great knowledge of gas market dynamics and related economics.’

‘They dive deep into the most complex technical issues and have internalised that a meticulous review and strategically thoughtful presentation of the facts is the key to winning a case.’

‘Michael Bühler: strategic thinker, who sees the big picture. Nicole Dolenz  is able to develop a a deep understanding of the most complex technical issues – our engineering colleagues would have loved to offer her a job with them.’

‘Charles Kaplan has our full confidence, after many years of collaboration. He is directly involved in all matters and we know that he will give us an objective analysis of the situation (with the pluses and minuses) and will not seek to please us or take options that are suitable for him.’

‘All members of the team have a great oversight over the legal and factual facts and details of the case off the top of their head. This allows a strong position during negotiations with the other side and/or any tribunal members. The self-organisation of the team is efficient and well ahead of approaching deadlines so that there rarely is a rush for the deadline. This good organisation also manifests in well-structured and thought-through argumentation in the written submissions. The client involvement is very good as all major documents are run by the client with enough time for consideration and commenting on them.’

‘Charles Kaplan and of counsel Tunde Oyewole are extremely smart, speak several languages well enough to know what is going on (besides English and French that is) and are just a pleasure to have lunch or dinner with.’

Key clients

Democratic Republic of Congo





Safran (Groupe)


Voigt & Collegen

Work highlights

  • Representing a French cement company in ICSID arbitration with the Arab Republic of Egypt under the France Egypt BIT in a claim accusing the state of trying to force it to surrender its majority stake in a Cairo-listed subsidiary.
  • Successfully advising Voigt & Collegen/SolEs Badajoz, a German investor, in ICSID proceedings against Spain under the Energy Charter Treaty.
  • Representing the Democratic Republic of Congo in a $100m ICSID arbitration in relation to telecommunication license agreements between the DR Congo Government and the claimant, a Kuwaiti investor.

The firm: Founded in San Francisco 150 years ago, Orrick is a leading global law firm with a particular focus on serving companies in the technology, energy, infrastructure and financial sectors. The firm is recognised worldwide for delivering the highest quality, commercially oriented legal advice.

France – Our Paris team, known as Orrick Rambaud Martel, is one of the premier international law practices in France. Our team is called on by the largest French and international financial institutions, infrastructure funds, CAC 40 companies, high-growth startups and international companies. Clients turn to our team on the deals, projects and disputes that are shaping the French economy.

Our leadership in the French market dates back a decade, when we combined with Rambaud Martel, one of Paris’s pre-eminent corporate law firms.

Corporate and Tech

We have played a role in many of the most innovative French corporate transactions of recent years. We advised Alstom’s board on the $13.5 billion sale of the company’s power generation business to General Electric, one of the most complex and closely watched M&A transactions in France, which was named European M&A “deal of the year” by IFLR. The Peugeot family turned to our Corporate team for a $3.4 billion (€3 billion) capital raise that involved a joint venture with China’s Dongfeng Motor Group. And L’Oréal sought our advice on its $6.8 billion (€6 billion) stock buyback.

We’re also the leading firm in France’s tech market, advising on venture financings and some of the most noteworthy strategic combinations. The French digital marketing software company Neolane called on us for its $600 million sale to Adobe. We advised the restaurant booking platform La Fourchette on its acquisition by U.S.-based service TripAdvisor. And when aerospace, defense and security multinational Thales acquired Bay Area data protection solutions provider Vormetric, it turned to us.

Energy & Infrastructure

Our Paris team is recognized for pioneering work in the energy and infrastructure sector. Recent examples include an innovative sea urbanization project that will increase the size of Monaco, the first bond-financed public-private partnership in France for the Cité de la Musique, and the first project finance transaction in France under the new Juncker Plan for the ports of Calais and Boulogne-sur-Mer. We’ve also advised on many French renewable energy projects, including the financing and acquisition of wind farms and solar power facilities.


Our Africa practice is based in Paris and London. The team advises governments, corporations, private equity funds, major development banks and other lenders on project financings and M&A and private equity transactions. We play an active role in some of the most significant and innovative projects underway on the continent. We represented the Golar Group’s affiliates in a floating liquefaction project in Cameroon – the first in Africa and one of the first in the world. In addition, we play a role in virtually every major mining project underway in Africa. We are also helping our clients develop Africa’s telecoms infrastructure, tech and fintech markets. Where necessary, we act for our clients in dispute resolution, and we have prevailed in some of the largest international arbitration matters in the market.


Our Finance teams act for the leading French and international banks, alternative credit providers, private equity funds, and other corporate borrowers.

Our Structured Finance and Securitization partners have advised on many groundbreaking transactions in France and Europe, including in the area of covered bonds, corporate structured bonds, and the establishment of dedicated origination and refinancing platforms. We also participate in drafting securitization and structured finance legislation and regulations in France. A member of our team is a founder and General Secretary of the Paris Structured Finance Institute (IFSP).

In addition, our Paris lawyers have advised companies on some of the most significant recent restructurings. We advised EuroDisney’s board on a €1 billion restructuring. Club Med turned to us for guidance on a $1.1 billion take-private transaction. And we guided leading wine and spirits company Belvédère Group in negotiating a comprehensive restructuring. We also advised Davidson Kempner on the restructuring of the bank debt of aviation industry leader Latécoère.

Dispute Resolution and Employment

We regularly appear before France’s highest courts and before arbitral tribunals, such as the International Chamber of Commerce, the Swiss Chambers of Commerce and the London Court of International Arbitration. In what The American Lawyer called a “mega win,” our Paris team recently secured a €440 million judgment for the French government entity Consortium de Réalisation in a highly publicized case known as “L’Affaire Tapie.” We also act for the Republic of Guinea in investor disputes, including a $5 billion ICSID arbitration brought by the mining giant BSGR – one of the largest pending arbitrations in the world.

Our Employment team is especially known for representing international companies in French employment matters, including employee representation, collective bargaining, collective redundancies, and mergers and acquisitions. We have a strong record in collective litigation.

Our Office and Our Community

Located in the heart of the city on Avenue Pierre 1er de Serbie, our Paris office occupies a building that previously served as the headquarters of the French Employers’ Federation (MEDEF). Through our long-standing partnership with the European American Chamber of Commerce, we regularly host conversations with leaders of Europe’s civic, cultural and business institutions.

Our Paris lawyers provide pro bono counsel to individuals and nonprofit organizations such as the World Wildlife Federation, RARE, Planet Action, and the Institute for Brain and Spinal Cord Disorders, a research center that one of our lawyers has helped lead since its inception. As part of our Orrick Cares initiative, our Paris team runs together in races that benefit causes such as Action Against Hunger, the Sir John Golding Rehabilitation Centre and breast cancer research.

Office Leader Patrick Tardivyptardivy@orrick.com+33 (0)153537500
Office Leader Emmanuel Bénardebenard@orrick.com+33 (0)153537500