The Legal 500

Twitter Logo Youtube Circle Icon LinkedIn Icon

Orrick Rambaud Martel

31 AVENUE PIERRE, 1ER DE SERBIE, CEDEX 16, 75782 PARIS, FRANCE
Tel:
Work +33 1 53 53 75 00
Fax:
Fax +33 1 53 53 75 01
Web:
http://www.orrick.com

France

Administrative and public law
Administrative and public law - ranked: tier 2

Orrick Rambaud Martel

The ‘responsive and efficient’ team at Orrick Rambaud Martel stands out for its ‘ability to anticipate issues and its high knowledge of the public sector which bring trust to the table’. The firm is also acknowledged for its ‘ability to conciliate stakeholders in tense or even deadlock situations and find compromises even when it was initially thought impossible’. The seven-lawyer team, which is able to ‘perfectly address public sector entities’ expectations’, is the market’s reference for managing large PPP projects including financing and post-project contentious issues. It acts for public-sector entities, state-owned companies and lenders and sponsors. The practice recently assisted lenders with the €400m financing of a high-speed internet network in the Haut de France region, and acted for seven French highway companies in complex negotiations with the French state regarding highways concessions. The team also has top regulatory expertise that is particularly sought after by clients in the energy sector where it acts on some of France’s most high-profile projects. Practice co-heads Jean-Luc Champy and senior counsel Noël Chahid-Nouraï are top advisers who ‘listen carefully to their clients’ needs’ and whose ‘in-depth knowledge and expertise are essential assets’. Of counsel Geoffroy Berthon is also one to watch.

Leading individuals

Noël Chahid-Nouraï - Orrick Rambaud Martel

Next generation lawyers

Jean-Luc Champy - Orrick Rambaud Martel

[back to top]

Derivatives, structured finance and securitisation
Derivatives, structured finance and securitisation - ranked: tier 1

Orrick Rambaud Martel

Orrick Rambaud Martel is especially active in structured finance and securitisation mandates, both specialisms of practice head Hervé Touraine and Olivier Bernard. The pair have a strong track record in cross-border transactions, but also handle domestic work. Arnauld Achard is the key name for derivatives matters, though his experience also spans structured products, debt-and debt-like securities and optimisation products. Highlights included advising Morgan Stanley and several other financial institutions as joint lead managers on SapphireOne Mortgages FCT 2016-2 and SapphireOne Mortgages 2016-3, and acting for commercial fleet specialist Fraikin on the issuance of notes by FCT Eurotruck Lease II and FCT Eurotruck Lease III for subscription by insurance companies and financial institutions as part of Fraikin’s €1.2bn whole business securitisation. Another major highlight was assisting EDF, Natixis and Société Générale with the high-profile monetisation of a compensatory sum owed by the French state to EDF, which required a dual-track structure consisting of a securitisation vehicle issuing bonds and a bank financing. Santander, Veolia and Naturex are other clients.

Leading individuals

Hervé Touraine - Orrick Rambaud Martel

Next generation lawyers

Olivier Bernard - Orrick Rambaud Martel (securitisation)

[back to top]

EU, competition and distribution
EU, competition and distribution - ranked: tier 3

Orrick Rambaud Martel

Orrick Rambaud Martel welcomed the recommended Patrick Hubert and a team including of counsel Marie-Laure Combet and senior associate Malik Idri from Clifford Chance: particularly active in private enforcement and foreign investment deals, the newly established antitrust and competition practice is representing SFR in abuse of dominance proceedings against Orange and in a related private damages claim. Additionally, the group frequently handles merger control and regulatory issues arising from M&A and corporate deals for clients such as Randstad, Europcar and Plastic Omnium. Of counsel Lise Damelet has strong experience in merger clearance and state aid matters, especially related to major corporate restructurings. Of counsel Michel Roseau is another name to note.

[back to top]

Employment
Employment - ranked: tier 2

Orrick Rambaud Martel

Orrick Rambaud Martel is recommended for managing ‘collective or individual employment issues with high social and financial impacts at stake’. The ‘highly responsive, efficient and adaptable’ 13-lawyer team advises leading French and international corporations and recently handled major restructuring projects, mass litigations, sensitive dismissals of top executives, high-profile M&A and bonus and employment contract requalification issues. Highlights included assisting ThyssenKrupp with the reorganisation of its elevator division in France, and representing Orange in a co-employment litigation case involving around 150 former Teleperformance’s employees. Mondelēz, Crédit Agricole, HSBC and Euro Disney are other clients. Practice head Emmanuel Bénard is ‘creative, serious and highly competent’ and the ‘expert’ Hélène Daher made partner. Christine Guillot-Bouhours is now at Degroux Brugère.

Leading individuals

Emmanuel Bénard - Orrick Rambaud Martel

[back to top]

Insolvency
Insolvency - ranked: tier 1

Orrick Rambaud Martel

Orrick Rambaud Martel is ‘first class in insolvency with the additional key strength of understanding capital markets dynamics’. The ‘very efficient’ practice stands out for its ‘great experience in situations involving listed companies’ and its ‘strategic thinking’, meaning it is ‘able to guide its clients through complex and evolving negotiations with efficiency and success’. The team recently advised on nearly all of the market’s most complex debt and equity restructuring matters, often acting for foreign investment funds while also attracting instructions from debtors and banks. It notably assisted DNCA as second largest shareholder with CGG’s debt restructuring, BlueMountain as second largest lender with Vivarte’s restructuring, and the senior lenders with Consolis’ financial restructuring. Practice head and ‘star lawyer’ Saam Golshani is a ‘strategic thinker who offers balanced advice while not shying away from forceful advocacy on behalf of clients’. Of Counsel Alexis Hojabr is also one of the key members of the ‘excellent staff’.

Leading individuals

Saam Golshani - Orrick Rambaud Martel

[back to top]

Mergers and acquisitions
Mergers and acquisitions - ranked: tier 3

Orrick Rambaud Martel

Orrick Rambaud Martel’s ‘excellent’ and sizeable team advises on large-cap and mid-cap transactions, both domestic and cross-border, for clients including investors, often from the technology, aerospace and defence, and energy and infrastructure sectors. Saam Golshani heads the practice which includes key practitioners Jean-Pierre Martel and Alexis Marraud des Grottes. Martel and Marraud des Grottes led advice to the supervisory board of Zodiac Aerospace on Safran’s proposed $8.2bn acquisition offer. The practice also acted for the Réseau de Transport d’Electricité on the sale of an equity stake to CNP Assurances, and advised the Fédération Internationale de l’Automobile on the regulatory aspects, transaction approval requirements and sale of its stake in Formula 1 parent company Delta Topco, in the context of Liberty Media’s acquisition of Delta Topco. Assystem, British Telecom and Groupe Bertrand are also clients. Alexis Hojabr was recently promoted to the partnership.

Leading individuals

Jean-Pierre Martel - Orrick Rambaud Martel

[back to top]

Project finance
Project finance - ranked: tier 1

Orrick Rambaud Martel

Orrick Rambaud Martel ‘always acts swiftly, with great care and effort’ and provides suggestions that bring ‘tremendous value for money’. The 20-lawyer team is among the market’s strongest for large power projects in Africa, while recently developing its involvement in French, African and other international renewables projects. The firm provides comprehensive expertise to sponsors, public sector entities and lenders alike and its domestic PPP expertise also ranks among the best. Highlights included assisting the Democratic Republic of Congo’s Ministry of Energy with the construction of the 4,800MW Inga 3 hydroelectric project, and Azito Energie and the sponsors with the 250MW expansion of Ivory Coast's Azito gas-fired independent power plant. Pascal Agboyibor and Yves Lepage head the practice. Simon Ratledge, who brings UK law expertise, ‘acts timely with keen knowledge of structures’. For domestic projects, senior counsel Noël Chahid-Nouraï, Jean-Luc Champy and finance expert Amaury de Feydeau rank among the top experts in the country. Of counsel Geoffroy Berthon is also noted.

Leading individuals

Pascal Agboyibor - Orrick Rambaud Martel (energy)

Yves Lepage - Orrick Rambaud Martel (energy)

[back to top]

Real estate
Other recommended firms - ranked: tier 1

Orrick Rambaud Martel

[back to top]

Tax
Tax - ranked: tier 3

Orrick Rambaud Martel

Orrick Rambaud Martel has strong expertise in advising on the tax aspects of top M&A transactions. The practice notably assisted RTE with EDF’s sale of an equity stake in RTE, and AXA République with the sale of the company’s shareholding in HIT which controls Sanef. The firm also regularly acts in major companies' debt restructurings. Practice head Anne-Sophie Kerfant is highly recommended, while the recent hiring of Charles Briand from Ernst & Young Société d'Avocats adds further strength to the team.

[back to top]

France: Banking and finance

Transactional work
Banking and finance: Transactional work - ranked: tier 2

Orrick Rambaud Martel

The ‘committed’ team at Orrick Rambaud Martel provides ‘very good service’ and specialises in infrastructure acquisition finance, as well as refinancing, restructuring and direct lending. Key names include practice head Hervé Touraine, Arnauld Achard, Emmanuel Ringeval, ‘very clever adviser’ Amaury de Feydau, who has ‘a solid knowledge of the law and industry sectors’ and ‘negotiates in the interest of the transaction’, and recently promoted partner Carine Mou Si Yan. The team assists large banks and corporates with mid- and large-cap transactions. Recent work includes advising Blue Mountain, as Vivarte’s second largest lender, on Vivarte’s second restructuring, equitising a total of €800m reinstated debt and securing €680m new bonds and capitalised interest through a double trust. The team also advised new client Airbus on the financing of satellites for the Indian Space Research Organisation and handled Rallye’s renewal of a €150m credit facility for Go Sport. Other clients include Edmond de Rothschild Asset Management, Veolia Environnement and Société Générale. Hervé Kensicher left for Mayer Brown and Jean-Jacques Essombè Moussio joined Bird & Bird.

[back to top]

France: Dispute resolution

Commercial litigation
Dispute resolution: Commercial litigation - ranked: tier 1

Orrick Rambaud Martel

Orrick Rambaud Martel’s team stands out for its ‘great efficiency, skills and availability’. The firm handles a broad range of disputes including corporate, shareholders’ conflicts, insolvency, banking and financial cases. The practice successfully obtained a final victory for Consortium de Réalisation before the Cour de Cassation in the landmark Adidas/Bernard Tapie case challenging a €405m arbitral sentence. The firm also successfully defended Arcole Industries in litigation initiated by Mory Ducros’ judicial liquidator in which the court rendered an important decision on shareholders’ liability regarding the insolvency of their subsidiaries. Other work includes obtaining the dismissal of all charges brought against Alec Wildenstein Jr. in the Wildenstein tax fraud case. Practice head Frédéric Lalance is ‘knowledgeable, efficient, available and has excellent interpersonal skills’. Jean-Pierre Martel is highly regarded. Jean-Michel Leprêtre and Marine Lallemand are also noted.

Leading individuals

Jean-Pierre Martel - Orrick Rambaud Martel

[back to top]

International arbitration
Dispute resolution: International arbitration - ranked: tier 3

Orrick Rambaud Martel

Orrick Rambaud Martel’s nine-lawyer Paris team is ‘always timely in responding’ and does an ‘appropriate and meaningful job’ in representing state entities and major private companies in investment and commercial arbitration cases. The group also has ‘deep knowledge of the gas sector and of the mechanisms of ruling price reviews’ and additionally manages cases in relation to mining, energy and infrastructure matters in Europe and Africa. It recently won an ICSID case acting for the Republic of Guinea in a dispute with Necotrans' Getma over the termination of the Conakry port terminal concession and is also representing Voigt & Collegen in ICSID proceedings with Spain pertaining to solar power feed-in tariffs. Engie is another key client. The team is co-led by Laurent Jaeger and Charles Kaplan, ‘an outstanding lawyer and arbitrator who is particularly skilled in preparing appropriate arbitration strategies and knows both the French and the US legal systems and business environment well’.

[back to top]

Stock-market litigation
Dispute resolution: stock-market litigation - ranked: tier 3

Orrick Rambaud Martel

Orrick Rambaud Martel has experience in handling stock-market battle disputes and AMF sanction cases. Jean-Pierre Martel is one of the market’s most respected names. Frédéric Lalance is also involved.

[back to top]

France: Industry focus

Energy
Industry focus: Energy - ranked: tier 1

Orrick Rambaud Martel

Orrick Rambaud Martel has ‘very strong industry knowledge’. The 20-lawyer team is among the market’s strongest for large power projects in Africa, while recently developing its involvement in French, African and other foreign renewables and off-grid projects; it provides a comprehensive expertise to sponsors, public sector entities and lenders alike. Highlights included assisting the Democratic Republic of Congo’s Ministry of Energy with the construction of the Inga 3 hydroelectric 4,800MW project, and Azito Energie and the sponsors with Ivory Coast's independent Azito gas-fired power plant 250MW expansion. Pascal Agboyibor and Yves Lepage head the practice. Simon Ratledge, who brings UK law expertise, ‘has keen knowledge of structures’. The firm also handles highly strategic regulatory and energy work in France and is notably assisting the French ministry of ecological transition with France’s six offshore wind farm projects and with the tender process for the Dunkirk’s offshore wind farm project. Senior counsel Noël Chahid-Nouraï and Jean-Luc Champy are the key contacts.

[back to top]

France: Private equity

LBO
Other recommended firms - ranked: tier 2

Orrick Rambaud Martel

[back to top]

Venture and growth capital
Private equity: venture and growth capital - ranked: tier 2

Orrick Rambaud Martel

The ‘excellent’ and ‘responsive’ Orrick Rambaud Martel ‘has a very strong transatlantic platform’ and ‘a very good knowledge of the industry’. The practice is particularly active in the technology sector, and has recently established a French desk in the firm’s Silicon Valley office, and acts for venture capitalists, angel investors and start-ups. Saam Golshani, Benjamin Cichostepski, who is ‘extremely good at finding balanced solutions and negotiating in a constructive way’, and Olivier Edwards, who is noted for his ‘watertight global vision’, are the practice heads. Highlights included advising the historical investors and funders of adtech start-up Teads on Teads’ acquisition by Altice and advising Qwant on its high-profile €18.5m fundraising from the Caisse des Dépôts et Consignations and publishing house Axel Springer. Other clients include Algolia, Botfuel and Inato.

Leading individuals

Olivier Edwards - Orrick Rambaud Martel

[back to top]


Further information on Orrick, Herrington & Sutcliffe LLP

Please choose from this list to view details of what we say about Orrick, Herrington & Sutcliffe LLP in other jurisdictions.

China

Offices in Beijing and Shanghai

Germany

Offices in Dusseldorf and Munich

France

Offices in Paris

Ghana

Hong Kong

Offices in Hong Kong

Latin America: International firms

Italy

Offices in Milan and Rome

Japan

Offices in Tokyo

London

Offices in London

Switzerland

Offices in Geneva

Taiwan

Offices in Taipei City

United States

Offices in Irvine, Seattle, Portland, Washington DC, Menlo Park, Sacramento, New York, San Francisco, Los Angeles, and Houston

Legal Developments in France

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • The new French regulation applying to national insurance contributions for managers and shareholders

    French insurance contributions on executive and shareholder remuneration (pay + dividends) have been substantially increased by the National Insurance Funding for 2013 Act, No. 2012-1404, of 17th December 2012. Until 31st December 2012, all dividends were subject to national insurance contributions on unearned income but henceforth, under Article L136-3 of the National Insurance Code, amended by Act No. 2012-1404, certain dividends   are considered as pay received by executives and shareholders and are therefore subject to the national insurance contributions on pay. The Act also abolished the ceiling on health insurance contributions payable by the self-employed and all this means that businesses must rethink the way that they have been structured until now.
  • 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.