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Shearman & Sterling LLP

7 RUE JACQUES BINGEN, 75017 PARIS, FRANCE
Tel:
Work +33 1 53 89 70 00
Email:
Web:
www.shearman.com

France

Banking and finance: transactional work
Banking and finance: transactional work - ranked: tier 3

Shearman & Sterling LLP

Shearman & Sterling LLP¬†concentrates on acquisition, asset and energy finance as well as refinancings. Real estate finance and debt restructuring are other key specialisms. A recent highlight saw practice head¬†Pierre-Nicolas Ferrand¬†cooperate with London partner¬†Peter Hayes¬†to advise Nomura as lead arranger on a ‚ā¨1bn-equivalent financing to back Caisse de d√©p√īt et placement du Qu√©bec's acquisition of a minority stake in Sebia from Astorg and Montagu. Another standout instruction came from Deutsche Pfandbriefbank, which the firm assisted with the financing of the acquisition of a Parisian office and retail building by GH Group. BNP Paribas, Nokia and Barclays Capital are also clients.¬†Philippe Wolanski¬†left for¬†Watson Farley & Williams LLP, while counsel¬†Lachlan Poustie¬†joined from¬†Allen & Overy LLP.

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Capital markets: equity capital markets
Capital markets: equity capital markets - ranked: tier 2

Shearman & Sterling LLP

Shearman & Sterling LLP is noted for its strong expertise in management and employee incentive schemes, in addition to its strong track record in IPOs, rights offerings, block trades and securities, both hybrid and equity-linked. Jointly with the corporate team it advised Vivendi on its simplified public tender offer for the remaining Havas Group shares after Vivendi's acquisition of Bollor√©'s 60% stake in Havas Group. Another emblematic matter for the co-operation between the corporate and capital market teams was assisting Japan Nuclear Fuel with its investment in Orano, including a ‚ā¨3bn capital increase conducted in two stages through reserved capital increases. Practice head Herv√© Letr√©guilly and governance, compensation and employee shareholding specialist Sami Toutounji are the key practitioners, alongside counsel S√©verine de la Courtie. Altice USA, Cr√©dit Industriel et Commercial and Saint-Gobain also count among the clients.

Leading individuals

Hervé Letréguilly - Shearman & Sterling LLP

Next generation lawyers

Séverine de la Courtie - Shearman & Sterling LLP

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Dispute resolution: International arbitration
Dispute resolution: International arbitration - ranked: tier 1

Shearman & Sterling LLP

Shearman & Sterling LLP¬†was recently instructed to act in a series of investment and commercial arbitrations for both new and long-established clients, including states and French and international corporations. The 50-lawyer practice remains highly active in high-profile oil and gas, construction and energy matters in relation with North Africa. It is also increasingly visible in cases involving Sub-Saharan Africa, notably on concession issues, and is representing Eastern European states in several matters. Finally, the practice is also dealing with disputes involving the European renewables market and is advising on several matters involving Chinese and Asian parties. Recent highlights include representing Egypt in two long‚Äźterm investment arbitrations relating to gas supply agreements dealing with the export of Egyptian gas to Israel, and Sonatrach in an ICC arbitration brought by Saipem regarding the construction of gas liquefaction facilities. The firm also successfully acted for Croatia in an ICSID arbitration with an Austrian party regarding a food products enterprise, and Lithuania in an ICSID arbitration initiated by Veolia Environnement relating to district heating and power generation. Algeria, Ukraine and Areva are clients. The practice is headed at the global level by the very highly regarded¬†Emmanuel Gaillard.¬†Yas Banifatemi¬†is global head of the firm‚Äôs public international law practice.¬†Coralie Darrigade, Maude Lebois, Mohamed Shelbaya¬†and Jennifer Younan¬†are all up-and-coming members of the team. The Paris hub recently welcomed Jeremy Sharpe from the London office, while newly promoted partner¬†Daniel Reich¬†joined the New York office. Counsel¬†Benjamin Siino¬†also deserves a mention for his expertise in award enforcement procedures.

Leading individuals

Emmanuel Gaillard - Shearman & Sterling LLP

Yas Banifatemi  - Shearman & Sterling LLP

Next generation lawyers

Jennifer Younan - Shearman & Sterling LLP

Mohamed Shelbaya - Shearman & Sterling LLP

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Insolvency
Insolvency - ranked: tier 4

Shearman & Sterling LLP

Shearman & Sterling LLP recently advised on debt restructuring and refinancing transactions for banks, investors and debtors. The firm notably assisted Japan Nuclear Fuel with the restructuring of Areva’s debt including a capital increase. Banque Themis is also a client. Finance practice head Pierre-Nicolas Ferrand also leads the restructuring and insolvency group. Philippe Wolanski, formerly a counsel with the firm, joined Watson Farley & Williams LLP.

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Mergers and acquisitions
Mergers and acquisitions - ranked: tier 3

Shearman & Sterling LLP

Shearman & Sterling LLP's expertise spans a wide range of sectors¬†but the team has a marked focus on the financial services, healthcare and pharmaceutical, TMT and energy sectors. Practice head Guillaume Isautier and Nicolas Bombrun shoulder the majority of the work, with key support coming from of counsel Cyrille Niedzielski and counsels Barbara Le Chapellier and Marie Pouget. Recent highlights include advising Novartis on its¬†$3.9bn acquisition of Advanced Accelerator Applications and assisting Japan Nuclear Fuel with its investment in Orano as part of Areva's ‚ā¨4.5bn global restructuring. Amundi, Jin Jiang and Soci√©t√© G√©n√©rale also count among the team's clients.

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Tax
Tax - ranked: tier 3

Shearman & Sterling LLP

Shearman & Sterling LLP is a top choice for tax advice on complex private and public M&A as well as private equity transactions. Large French, US and Asian companies as well as private equity funds are clients. Practice head Niels Dejean is highly regarded.

Leading individuals

Niels Dejean  - Shearman & Sterling LLP

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Further information on Shearman & Sterling LLP

Please choose from this list to view details of what we say about Shearman & Sterling LLP in other jurisdictions.

United Arab Emirates

Offices in Abu Dhabi and Dubai

Angola

Belgium

Offices in Brussels

China

Offices in Beijing and Shanghai

Germany

Offices in Frankfurt

Algeria

France

Offices in Paris

Hong Kong

Offices in Hong Kong

Indonesia

Latin America: International firms

India

Italy

Offices in Rome and Milan

Japan

Offices in Tokyo

London

Offices in London

Malaysia

Mozambique

Philippines

Qatar

Asia Pacific: Regional International Arbitration

Singapore

Offices in Singapore

South Korea

Saudi Arabia

Offices in Riyadh

Tunisia

United States

Offices in Washington DC, New York, San Francisco, Menlo Park, Austin, and Houston

Vietnam

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 .
  • Actualit√© l√©gislative fiscale

    Au del√† des mesures applicables √† l‚Äôensemble des contribuables (telles que la limitation du report des d√©ficits ou la r√©forme du mode de calcul des plus values sur cessions de participations),le plan de r√©duction des d√©ficits annonc√© le 24 ao√Ľt dernier par le gouvernement comprend des mesures qui int√©ressent sp√©cifiquement les acteurs du secteur financier.
  • R√©forme 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