Clifford Chance > Frankfurt, Germany > Firm Profile

Clifford Chance
MAINZER LANDSTRASSE 46
60325 FRANKFURT AM MAIN
Germany

Banking and finance > Investment funds Tier 1

Due to its combined investment, regulatory and tax capabilities,a similarly broad client base instructs Clifford Chance to advise on matters across the entire fund cycle. This includes investment companies, financial institutions, asset managers and insurance companies, which the group assists with fund structuring and implementation as well as with investments and portfolio transactions. Advice covers all asset classes; most recently however, the team was particularly active in the PE and VC sphere as well as in the infrastructure, energy, real estate and technology sectors. Key lawyers Josef Brinkhaus and Marco Simonis cover the field comprehensively.

Testimonials

‘Close integration of supervisory and tax law expertise.’

‘Marco Simonis is extremely competent and well connected.’

‘Holistic view and know-how in fund structuring as well as excellent knowledge of the interests of German investors.’

‘Marco Simonis and team: Unique knowledge of tax law, investment law and the regulations specific to German investors from a single source. Absolute planning security with regard to adherence to deadlines and billing transparency. Very strong in solution orientation and with regards to what is feasible.’

Banking and finance > Project finance Tier 1

Clifford Chance maintains numerous longstanding client relationships with lenders, infrastructure and pension funds as well as companies and development companies, which mirrors the team’s in-depth expertise in the financing of large national and international projects. In June 2021, the practice’s international character was further underlined by Jared Grubb‘s move from the firm’s Istanbul to the Munich office; he is a key contact for the assistance with projects under English law and at the same time continues to support clients and projects in Turkey. The group’s main focus lays on PPP projects as well as on projects in the energy, including renewable energy, and infrastructure sectors, with particular expertise in the financing of projects secured by export credit agencies or governments. This offering is complemented by in-depth asset finance capabilities with a focus on the shipping, rail transport and aviation industries. Florian Mahler heads the Düsseldorf team and – like Christof Häfner – covers project finance and asset finance comprehensively. Project finance and PPP expert Beda Wortmann is also part of the core team, as is counsel Anna Thwaites, who is admitted under English and Australian law.

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Testimonials

‘I think the biggest difference is the know-how in general. Because we structure the financing in-house and perform due diligence with our advisors (including the preparation of financing documents) and make these documents available to selected lenders, Clifford Chance’s reputation is helpful to the extent that banks accept this approach and not require separate due diligence by the banks’ legal counsel.’

‘We value the Clifford team’s extensive know-how when it comes to complex issues, as well as their passion for performance and adherence to schedules.’

‘Excellent networking in the industry, very strong track record and global network with sector experts in a wide variety of jurisdictions.’

‘Dr Florian Mahler is very accessible, experienced, has an excellent understanding of his clients’ commercial priorities and is very solution-oriented. ‘

‘The CC team reliably delivers high-quality input and is readily available and accessible. I’ve worked with a variety of colleagues from the team and the quality has always been consistently high.’

‘We appreciate Mr Mahler’s always calm, objective manner and his direct communication style. Things that cannot be enforced at banks are addressed directly. In addition, Mr. Mahler has very good leadership skills which, together with his experience/expertise, bring extremely satisfactory results compared to others.’

‘Extraordinarily broad experience in the area of legal advice on project financing.’

‘The interdisciplinary approach, in which different departments of Clifford Chance are involved in order to get the best possible result for the client. For our project, the interaction between corporate, real estate, finance and energy was particularly noteworthy. The knowledge gained from this was processed in the form of a legal fact book and made available to the banks.’

Key clients

KfW Kreditanstalt für Wiederaufbau

IFC International Finance Corporation

Encavis AG

DEG Deutsche Investitions- und Entwicklungsgesellschaft

Deutsche Bank

Global Infrastructure Partners

Macquarie

Canada Pension Plan Investment Board

Credit Suisse

Ankara Etlik Hastane Saglik Hizmetleri Isletme Yatirim A.S.

Gunvor S.A.

UniCredit

Work highlights

  • Advised International Finance Corporation (IFC) on a $165m financing for five new ceramic tile plants in Senegal, Zambia, Cameroon, the Democratic Republic of the Congo (DRC) and Mozambique and for the expansion of a ceramic tile plant in Ghana.
  • Advising Encavis AG, the producer of electricity from renewable energies listed in the SDAX, on the refinancing of a 30MW solar park portfolio in Italy. The refinancing was provided by BayernLB as lender.
  • Advising lenders on Export Credit Agency (ECA) supported financing of a pan-European subsea power cable, known as an interconnector, between the UK and Denmark.

Banking and finance > Real estate finance Tier 1

Clifford Chance provides its client base, made up of borrowers and lenders, with a full service offering that is based on cross-practice and cross-locational cooperation, resulting in regular instructions on German and cross-border real estate financing, structured financing and refinancing as well as securitisation; matters cover all asset classes such as logistics, offices and shopping centres. In addition to practice head Beda Wortmann, Tobias Schulten is one of the key contacts; both assist with the entire range of structured finance transactions.

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Key clients

DekaBank Deutsche Girozentrale

Europa Capital

Amundi Real Estate

moderne stadt – Gesellschaft zur Förderung des Städtebaues und der Gemeindeentwicklung mbH

Morgan Stanley

Work highlights

  • Advice to DekaBank Deutsche Girozentrale one the financing of a multi-jurisdictional logistics center portfolio.
  • Advising a large US hedge fund on a high-volume acquisition and development of a property in Berlin.
  • Advised Europa Capital in connection with the financing of the €280m acquisition of a European real estate portfolio for Europa Capital ‘s open-ended vehicle, the Europa Diversified Income Fund (EDIF).

Capital markets > Structured finance and securitisation Tier 1

Clifford Chance‘s structured financing advice is based on the close cooperation with the fund structuring and alternative investments group led by Gregor Evenkamp and attracts a versatile client base consisting of credit and financial service institutions, asset managers, originators, investors and companies. In addition, clients benefit from the team’s supervisory and cross-border capacities in relation to securitization transactions which regularly results in instructions pertaining to true sale securitisations, synthetic securitizations, trade receivables and portfolio transactions as well as the establishment of ABCP conduit programs and their restructuring. Although the practice covers various industries, recent matters all related to the healthcare, automotive, fintech and real estate industries. Oliver Kronat heads the group, which also includes counsel Hannes Deusch; both cover the subject area comprehensively. Counsel Kerstin Schaepersmann is recommended for synthetic and cash flow securitisations as well as for secured loan structures.

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Testimonials

‘Imaginative team. Successful at solving problems.’

‘Hannes Deusch: well-founded, efficient and pragmatic.’

‘Clifford’s colleagues are active of their own accord, especially when it comes to new developments and structures, and have always focused on the interests of their clients.’

‘The colleagues are always easy to reach, the quality of questions on banking supervisory issues is great. Great help also with restructuring when tax issues are important. The international cooperation between various units is also great.’

‘Absolutely reliable partner with excellent knowledge in the field of securitization solutions with the necessary view of what is feasible and very solution-oriented.’

‘Dr. Gregor Evenkamp and team: Availability, proximity to the market, expertise. Understanding of transactions, goal orientation, adherence to fees, clear communication.’

Compliance Tier 1

Clifford Chance's 'straightforward and on-target' team focuses on compliance pertaining to money laundering, anti-corruption, financial sanctions, export control and data protection. The latter includes e-mail monitoring, data protection issues associated with internal investigations and data deliveries to authorities. Ines Keitel, who often advises at the interface between employment law and data protection, is a key contact here. Other prominent topics include product compliance and preventive corporate governance advice. The team frequently cooperates with other practices such as employment, banking, real estate and tax law as well as the litigation team. Stefan Menner offers tax compliance expertise, while David Pasewaldt combines his compliance expertise with commercial criminal law. Criminal lawyer Heiner Hugger jointly heads the team with managing partner and healthcare compliance specialist Peter Dieners. Marc Besen and Michael Dietrich cover all antitrust compliance issues.

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Testimonials

‘Extremely competent and friendly colleagues, always approachable, uncomplicated and accurate.’

‘Dr. Peters Dieners is the contact person for healthcare compliance in Germany, which is also reflected in his compliance handbook.’

Industry focus > Healthcare and life sciences

In 2020, Clifford Chance was extensively active in matters pertaining to the Covid-19 pandemic, the digitisation of the healthcare sector and the regulatory framework for medicinal cannabis-based products. The team advised on vaccine development and distribution agreements, the development of health platforms and digital health applications, as well as product compliance issues. Other growth areas include compliance-related advice on social corporate governance (ESG) standards, including supply chain requirements, strategic contentious pharmaceutical advertising issues and transactional matters in the private equity space. Headed by the renowned Peter Dieners and Ulrich Reese, both in Düsseldorf, the internationally-oriented team is among the top firms in Germany due to its expertise in the healthcare and life sciences sector and thus regularly receives instructions from the German government as well as industry associations. The full-service advice, evident in the close cooperation with experts in data protection and IT, antitrust law, litigation and real estate law, offers comprehensive support for clients. Another key contact is Gunnar Sachs, he regularly advises the German government and is specialised in digitisation as well as IP matters.

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Testimonials

‘Very good division of activities between partners and associates, which makes the respective work result appear to be of one piece.’

‘Ulrich Reese has an impressive understanding of medical and biological issues, which forms the basis for advising and then representing in court proceedings. Crystal-clear analysis, concentration on the essentials and impressive experience in drug advertising combined with eloquence in pleadings and in court characterize his work.’

‘High level of technical expertise, strategic and very analytical thinking, which allows solutions to be developed quickly. Various departments and expertise are used within the law firm.’

‘Ulrich Reese: Always approachable, gets back to you quickly. Good problem solutions are developed on the basis of his technical expertise and his analytical thinking.’

‘Able to efficiently process and get to the heart of complex issues and issues in the healthcare market.’

‘Peter Dieners has an overview of the entire healthcare market. Ulrich Reese works on special topics with the necessary depth. Both are perfect in client communication.’

‘Unique: the law firm appears uniform to the outside world, very coordinated and collegial; Clifford Chance covers all relevant legal and compliance areas for the healthcare/pharmaceutical industry and has the greatest possible expertise; very collegial dealings with clients: advice on a human eye level.’

‘Gunnar Sachs:Extreme industry knowledge of the healthcare/pharmaceutical market; very good accessibility; identifies with the clients and sits on the client’s projects. Looks for and finds creative contract models and innovative solutions for pharmaceutical projects; highly competent, solution-oriented advice, pragmatic with appropriate willingness to take risks; human; sympathetic, humorous.’

Private equity > Transactions

Clifford Chance maintains strong relationships with large and mid-cap private equity houses and their portfolio companies and has a sector focus on healthcare, infrastructure, energy, financial services and technology. It also works closely with the firm's capital markets, ESG, antitrust and restructuring teams. Practice head Anselm Raddatz has longstanding experience in private equity investments, while Sonya Pauls is the main contact for fund structuring issues and Frederik Mühl counts infrastructure investors among his clients. Markus Muhs, who also specializes in infrastructure, joined Milbank in December 2020 and Joachim Hasselbach became self-employed in October 2020.

Real estate and construction > Real estate Tier 1

In the real estate sector, Clifford Chance covers the entire spectrum of investment and transactional advice. The team advises on acquisitions by way of share and asset deals, on project developments including forward deals, on financing and tax structuring as well as sales. The group is well versed in all asset categories, including special properties such as data centres and hospitals, and also advises on property repositioning and investment restructuring. Practice head Christian Kelich routinely assists with large portfolio transactions, while Fabian Böhm has particular experience in sale-and-leaseback transactions and Philipp Stoecker, who made partner in May 2021, is a key advisor for real estate investments. This service spectrum is further enhanced with cross-practice competencies, particularly at the interface with public law as well as tax and capital markets law.

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Testimonials

‘Christian Keilich is a strong negotiator with a lot of experience.’

‘High level of competence, adherence to schedules and good interdisciplinary cooperation.’

‘Excellent know-how and availability!’

‘Decades of experience in a broad-based real estate team. Very good internal cooperation with other relevant disciplines such as taxes, fund structuring and Luxembourg.’

Restructuring and insolvency > Restructuring Tier 1

Clifford Chance offers a wide range of insolvency and restructuring services, particularly with regard to financial restructuring. The team's mainstays include refinancing, the silent liquidation of real estate companies, advice on mezzanine structures under shareholder and financier participation, as well as negotiating and applying for federal and state guarantees. Consisting of financiers, capital management companies, insolvency administrators and managing directors, the client portfolio is similarly broad,  which is not least due to its capacities across practices and locations. Practice head Stefan Sax specialises in advising national and international financial institutions as well as the management of companies in crisis. Cristina Weidner, experienced in cross-border distressed M&A transactions and the settlement of real estate portfolios, made partner in May 2021.

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White-collar crime > Advice to companies Tier 1

Clifford Chance combines 'strategic and pragmatic thinking' with impressive expertise and experience across the entire spectrum of white collar crime. The practice has a traditional focus on representing banks and international industrial companies in criminal and offence proceedings, including stock exchange sanction proceedings, as well on advising damaged companies. While its case load is in line with current market developments and therefore continues to be increasingly characterised by cum-ex matters, the practice has recently also been entrusted with complex instructions relating to allegations of trust breaches, money laundering, data protection violations, tax evasion and the emissions scandal. In addition to its criminal law expertise, the firm is also renowned for its capacities in national and international investigations, in the context of which clients can rely on the expertise of the firm's internal IT forensic team, among others. Occasionally, the practice also assists with foreign trade, medical and environmental criminal law issues. The internationally renowned Heiner Hugger heads the team, which also includes David Pasewaldt and counsel Julia Baedorff, both of whom advise extensively on white collar crime matters and compliance.

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Testimonials

‘Top advice and support. Are always there for the client.’

‘Julia Baedorff and David Pasewaldt: Lots of experience, excellent service.’

Banking and finance > Financial services: regulatory Tier 2

Within its international firm network, Clifford Chance's team has established itself as the central point of contact for continental European instructions which are routinely handled across practices and locations. Under the leadership of practice head Marc Benzler, numerous major international banks seek assistance with bank incorporations in Germany, the implementation of Brexit-related restructuring and M&A transactions in the financial sector and related owner control procedures. Benzler's expertise also encompasses derivatives and financial market infrastructure regulation where he is supported by counsel Kerstin Schaepersmann, among others; this field represents one of the practice's central pillars along banking and capital market litigation as well as supervisory proceedings and investigations. The advice offering is further complemented by expertise in the fintech sector, where the team assists with cryptocurrencies, payment services and blockchain matters.

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Testimonials

‘Very high level of expertise and extensive knowledge of the market.

‘Constructive.’

Banking and finance > Lending and borrowing Tier 2

Banks, private equity investors, direct lending funds and companies instruct Clifford Chance to assist with acquisition and corporate financing, restructuring and refinancing as well as with the financing of takeovers of listed companies under German and English law. Recently, the group advised on an increasing number of regulatory-related issues, for example when advising KfW on the implementation of its Corona special program 'Direct Participation for Syndicated Financing'. The group is led by Bettina Steinhauer, whose expertise includes mezzanine and high-yield financing as well as public-to-private transactions. At the end of 2020, former practice co-head Barbara Mayer-Trautmann joined Milbank with a team of senior associates.

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Capital markets > Debt capital markets Tier 2

Clifford Chance was recently increasingly active in relation to ESG-related bonds, which the team regularly advises on in cooperation with the London office and now represents an integral part of its advice portfolio. Other typical instructions include straight debt and standalone bond offerings, as well as the creation and updating of EMTN programs and commercial paper programs. In addition, Gregor Evenkamp is well equipped to assist with promissory note loan platforms in the fintech and blockchain sectors, while practice head Sebastian Maerker was recently particularly often instructed by banking syndicates.

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Testimonials

‘Sebastian Maerker: Very good knowledge of market standards and trends.’

‘Highly regarded by customers and in the market with substantial market share and deal flow in Germany. Almost always on the bank or issuer side.’

‘Ability to successfully structure and think along with new structures, for example green bonds.

‘Sebastian Maerker is highly regarded in the market and his opinion matters to the issuer, even if he acts on the bank side.

‘Sebastian Maerker is calm and level-headed in any situation and always has a pragmatic view of how to solve a problem or how to close a deal successfully.

Capital markets > Equity capital markets Tier 2

Clifford Chance's team, consisting of German and US lawyers, offers integrated ECM and DCM advice and, thanks to its close cooperation with the private equity practice, has further been able to expand its issuer-side advice. Recently, the group subsequently oversaw various private equity IPO exits and advised consortium banks – which make up a significant part of its client base – on IPOs of private equity-invested companies. In addition, the team was instructed to assist with rights issues and capital increases as well as with pre-IPO issues such as pre-IPO financing rounds and accelerated bookbuilding processes. George Hacket heads the practice and regularly applies his US securities law expertise to assist with international securities transactions.

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Compliance > Internal investigations Tier 2

Clifford Chance offers a wide range of multidisciplinary advice, with companies from the manufacturing industry and the financial market among its client roster. The key topics are money laundering and cum-ex as well as allegations of tax evasion, while the team increasingly advises on data protection, electronic communication with authorities and ESG-related issues. The practice is jointly led by criminal lawyer Heiner Hugger and healthcare expert Peter Dieners. Ines Keitel covers the intersections with employment law and data protection, whereas Thomas Voland has longstanding experience in European regulatory law. David Pasewaldt specialises in criminal law compliance.

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Testimonials

‘Amazing special knowledge and depth of detail of the lawyers for this special field.’

‘They process qualified overarching and detailed questions.’

Corporate and M&A > Corporate Tier 2

Clifford Chance ‘s team stands out thanks to ‘reliability and competence’. The practice has a strong international focus and cooperates seamlessly with the firm’s network. The team focuses on regulatory and capital markets issues as well as compliance, joint ventures, annual general and shareholder meetings, and generally covers all corporate-related matters. The client roster includes German as well as international companies, which often are from the pharmaceutical, financial, technology and automotive sectors. Practice head Thomas Krecek is well versed in advising on joint ventures and public takeovers. Christian Vogel is a contact for corporate law and Anselm Raddatz focuses on PE mandates.

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Testimonials

‘A very competent but also very pleasant team. Reliability and competence together with joy and fun working together make a very good overall package.’

‘Thomas Krecek is a competent corporate lawyer with extensive M&A experience. In addition to the professional competence, his appearance is to be emphasized. His numerous foreign language skills in addition to English sometimes help to loosen up situations with negotiating partners. In addition, Thomas Krecek always hits the right note, doesn’t push himself to the fore, but makes an appropriate contribution depending on the situation.’

Corporate and M&A > M&A: large deals (€500m+) Tier 2

Clifford Chance‘s team offers combined transactional and regulatory expertise, evident in recent technology-driven transactions in particular as well as in international cooperations and reorganisations. In this space, the team mainly advises companies, financial investors and banks from the automotive, healthcare, energy and infrastructure sectors. Practice head Thomas Krecek is an experienced contact for financial institutions and Anselm Raddatz covers the interface with PE transactions.

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Testimonials

‘Excellent and experienced lawyers; Efficient team building with lead contacts and very good internal coordination with experts from other working groups/offices; excellent and proactive project management.

‘Good availability; always responsive; solution-oriented.’

‘Clifford Chance Germany combines real know-how in re/insurance and M&A – that’s actually a very rare ability.’

‘Jörg Rhiel is exceptionally good. He has all the qualities we need – creative, solid legal risk assessment, responsive, collaborative and solution-oriented.’

Key clients

DMK

Euroports

Huntsman Corporation

Norsk Hydro

Macquarie Infrastructure and Real Assets (MIRA)

Oldenburgische Landesbank

Pfizer

RWE

Swiss Re

Symrise

Trinseo

Volkswagen

Walgreens Boots Alliance

Work highlights

  • Advising Pfizer Inc. on the global carve-out and merger of its Upjohn generics business with global generics manufacturer Mylan NV
  • Advised Norsk Hydro ASA on the €1.38 billion sale of its rolling business to private equity investor KPS Capital Partners.
  • Advising Trinseo SA on the sale of its synthetic rubber business to Synthos SA of Poland at an enterprise value of $491 million.

Corporate and M&A > M&A: mid-sized deals (sub-€500m) Tier 2

German and international companies as well as financial investors and banks regularly call upon Clifford Chance‘s expertise in M&A transactions. The practice, led by Thomas Krecek, focuses on advising companies in the automotive, finance and healthcare sectors and particularly their technology-driven transactions. Markus Stephanblome complements this offering with specialised expertise in energy and infrastructure, while Anselm Raddatz is an experienced contact for private equity clients. Markus Muhs, who specialises in M&A and private equity, joined Milbank in November 2020.

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Key clients

DMK

Euroports

Huntsman Corporation

Norsk Hydro

Macquarie Infrastructure and Real Assets (MIRA)

Oldenburgische Landesbank

Pfizer

RWE

Swiss Re

Symrise

Trinseo

Volkswagen

Walgreens Boots Alliance

Dispute resolution > Arbitration (including international arbitration) Tier 2

Clifford Chance has strong expertise in the areas of post-M&A, energy and construction as well as investor-state arbitration and regularly advises financial services providers, pharmaceutical, energy and construction companies in national and international proceedings. In cross-border matters, the group frequently cooperates with other offices across the firm. Practice head Michael Kremer is well versed in international arbitration and ADR, while Moritz Keller's expertise includes investment arbitration and post-M&A disputes. Tim Schreiber is increasingly active as an arbitrator and Sebastian Rakob has extensive experience in civil and arbitration proceedings.

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Testimonials

‘Having some experience with external counsels, I must stress that working with Clifford Chance has been arguably the most positive to date. Aside from their strong expertise and experience in investor-state arbitration, settlement negotiations and dispute resolution (which other firms also offer), I was impressed by their willingness to listen to clients’ needs, opinions and related circumstances. They are used to working in an international environment, they accept different opinions and are willing to discuss details.’

‘We mainly worked with Moritz Keller as a team leader. He is very flexible, willing to respond to different opinions of his team or the client’s perspective and change the initial strategy if necessary. As there are different legal, political, social and cultural traditions on the international stage, it is very important that an external counsel considers these factors, which Mr. Keller successfully achieved.’

‘Handshake quality; short and concise information; no legal lectures, but knowledge brought to the point.’

Very good commercial understanding; industry knowledge; pleasant way of working together.’

‘Clifford Chance’s advisory team has been with us for a long time and this is a great advantage for case management. All team members have the best professional training. They also have a basic understanding of our company and the way we work.’

Dispute resolution > Commercial litigation Tier 2

Clifford Chance offers a broad spectrum of advice on contentious matters to German and global companies. Through its close cooperation with the antitrust, corporate, banking and commercial practices, the group is able to cover contentious issues relating to D&O, post-M&A and compliance violations as well as capital markets comprehensively. The practice is also increasingly active in data litigation, with practice head Michael Kremer and counsel Jan Conrady being particularly well versed. Christine Gärtner has extensive experience in advising on corporate and banking disputes, which is similar to the advisory portfolio of Burkhard Schneider, who complements this expertise with his experience in arbitration proceedings. Sebastian Rakob specializes in the technology and energy fields, while Uwe Hornung focuses on post-M&A proceedings and auditor liability.

Dispute resolution > Financial services: litigation Tier 2

Clifford Chance's combined expertise in banking, tax and commercial criminal law issues results in regular instructions from financial services providers, insurers and asset managers from Germany and abroad, while the team was recently particularly active in banking supervisory law-related matters. The team is led by Michael Kremer and has extensive experience in cum-ex and cum-cum transactions and subsequent disputes where it often cooperates with litigator Burkhard Schneider and tax lawyer Felix Mühlhäuser. Other key figures include criminal lawyer Heiner Hugger and senior associate Sibylle Haas (litigation and arbitration).

Industry focus > Energy Tier 2

Clifford Chance enjoys an excellent reputation for its strong transactional practice. Anselm Raddatz and Markus Stephanblome are the key contacts for M&A matters pertaining to the energy sector and the team, led by Düsseldorf practice head Björn Heinlein, was active in several large transactions in the offshore wind sector in 2020. The firm is also well versed in project work and project financing, including advice on the planning and operation of liquefied gas terminals. Other key consulting areas were hydrogen energy, strategic international gas pipeline projects and investments in energy infrastructure. Clients benefit from the practice's international outlook and are offered sector-specific expertise in related areas such as antitrust, competition and employment law, both in Germany and its offices abroad. Markus Muhs joined Milbank at the end of 2020.

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Testimonials

‘Excellent coordination of complex projects, especially with combinations of energy law, corporate and financing issues.

Public sector > Commercial administrative law Tier 2

Clifford Chance focuses on complex constitutional issues but also offers 'outstanding expertise in administrative matters'; particularly noteworthy here is the future-oriented work in the field of ESG and new technologies, as well as the team's commercial and administrative advice on transformations in the energy sector. Thomas Voland has expertise in constitutional law, German and European regulatory law and compliance issues, while Düsseldorf-based practice head Mathias Elspaß focuses on advising in the telecommunications and energy sectors as well as on gaming law and general public law issues.

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Testimonials

‘Outstanding expertise with regard to administrative law issues, also with regard to the dynamically developing area of telco and tech regulation and administrative law.’

‘Thomas Voland: In addition to professional expertise – great vision and excellent strategic understanding.’

Public sector > Planning and environment Tier 2

Clifford Chance's practice around Mathias Elpass focuses on project-related advice, especially in the energy, infrastructure and chemical industries. For instance, the group advises network operators in the electricity and gas sectors as well as representing them in contentious proceedings and also assists with the first LNG terminal project in Germany. Another focus is M&A-transactional advice, for example to chemical parks. Off-setting represents an additional mainstay, as well as environmental law advice to banks that finance projects. The practice cooperates closely with its international project finance group and increasingly with the firm's real estate practice.

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Work highlights

  • Accompanying the Alegro project for Amprion, a joint project by Amprion and Elia and the first gliding current connection between Germany and Belgium.
  • Advising Iberdrola Energie Deutschland GmbH on the implementation of new business areas in Germany, in particular in connection with the development of renewable energy generation systems (onshore PV and wind).
  • Advising German LNG GmbH, a joint venture of Vopak, Oiltanking and Nederlandse Gasunie, on the planning, construction and operation of one of the first German liquefied natural gas (LNG) terminals in Brunsbüttel.

Germany > Tax Tier 2

Clifford Chance's German tax team is embedded within the firm's international tax practice, making cross-border advice part of its day-to-day business. The group focuses on the interface between tax law, fund regulation and real estate, which is reflected in instructions on tax structuring issues in the fund and asset management area – Marco Simonis is known for this – as well as in connection with real estate, M&A and PE transactions. This expertise has resulted in a client portfolio made up of domestic and foreign banks, companies, institutional investors, funds and asset managers. The setting up tax compliance systems and the representation before authorities and in courts represent other core segments of the practice which are also handled by practice head Felix Mühlhäuser, although he also provides tax advice on financing transactions, real estate and company acquisitions.

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Testimonials

‘Market overview and acceptance, proximity to legal developments.’

‘Marco Simonis and team: excellent expertise in all relevant areas of law when advising structures in the area of alternative investments, absolute planning security with regard to on-time delivery and billing of mandates.’

Germany > Antitrust Tier 3

Clifford Chance's practice spans merger control proceedings, also at European level, antitrust investigations and litigation, as well as a wide range of antitrust advice, whether on market dominance, joint ventures, strategic cooperation or distribution. The team particularly frequently assists clients with matters pertaining to international transactions, while the firm's specifically developed compliance programs to avoid antitrust conflicts are noteworthy as well. The team has deep industry expertise in the automotive, telecommunications and energy sectors. Marc Besen in Düsseldorf is very adept at national and European merger control proceedings among others, while Michael Dietrich applies his 'professional excellence' in versatile antitrust issues. In May 2021, Dmitri Slobodenjuk, who is also well versed in foreign trade law, made partner, while Joachim Schütze has been supporting the team as of counsel since May 2021.

Testimonials

‘Dr. Michael Dietrich, partner: one of the top antitrust lawyers in Germany, technically outstanding; very experienced, in the management of matters as well as in negotiations with opponents and antitrust authorities.

‘Corporate focus with clear and precise advice .’

‘We have worked closely with Marc Besen, a first class lawyer and expert in his field.’

‘Very distinguished team that responds to complicated issues very quickly and with clear advice.’

‘Marc Besen is extremely good at communicating and knows how to phrase legal advice clearly and precisely without frills. He is well connected in the antitrust community and has impressive knowledge of German and European antitrust law.’

Banking and finance > Fintech Tier 3

At Clifford Chance, the interaction between various practice groups results in strong regulatory capacities related to the development of fintech and crypto projects, such as the tokenization of assets and the development of digital financial platforms. Gregor Evenkamp is one of the key contacts here while Marc Benzler regularly leads advice on authorization and approval proceedings as well as on M&A-related regulatory issues. The case load also includes sector-specific M&A, corporate and financing matters as well as investments. Oliver Kronat is the key contact for structured financing.

Testimonials

‘For us, the most relevant point by far: the ability to creatively transfer solutions from the “established world of finance” to new business models in the fintech environment.’

‘CC was able from the onset to understand our commercial intentions (which definitely cannot be said of every law firm) and to explain to us “what works and what doesn’t” using specific practical examples, among other things. The team’s great interest in new applications is also very pleasant.’

‘CC always seems extremely enthusiastic to see what new business models can be realized with “existing legal solutions” in the fintech environment.’

‘Oliver Kronat: Extremely comprehensive technical expertise and “mental flexibility” to engage in new business models. Not only with regard to “good solutions” but above all solutions that can be implemented in a start-up in terms of resources (e.g. not every fintech company has its own KWG license right from the start). Very high availability (also via Whatsapp).’

Key clients

Postera Capital

UniCredit Bank AG

SSW Trading

Flatex

Digital Vault Services

Block.one

Work highlights

  • Advising UniCredit in connection with (potential) issuance of digital securities under the new e-securities regime.
  • Advised Block.one on the financing, cooperation and acquisition of a stake in a joint venture company to develop cryptocurrency mining solutions and other HPC activities and to invest in blockchain technology and related areas of information technology.
  • Advising Swiss Re on the establishment of a joint venture with Daimler to operate digital insurance platform Movinx and on their investment in InsurTech company Getsafe GmbH.

Trade and distribution > Foreign trade law Tier 3

Clifford Chance pursues a full-service approach, comprehensively covering all aspects of foreign trade law. Companies and the public sector instruct the team on antitrust, export control and sanctions law as well as compliance issues. International contract design, international law and ESG issues, especially in the context of supply chain monitoring, constitute further key topics of the group. Dimitri Slobodenjuk made partner in May 2021 and has particular expertise in investment control, which is complemented by Moritz Keller in the area of investment protection. Matters pertaining to dual-use goods, European and WTO law are handled by Thomas Voland.

Testimonials

‘Great experience and expertise in international commercial law!’

‘Thomas Voland provides outstanding insight and customer service and clearly has access to a strong internal network. He has a deep understanding of the context of EU developments and therefore helpful views on possible developments.’

Insurance > Advice to insurers Tier 4

Clifford Chance's advice to insurance companies focuses on transactional matters, including asset management, real estate investments, portfolio transfers and capital and insolvency issues. The team's strong international orientation enables it to seamlessly support cross-border M&A transactions and restructurings. Thomas Krecek has particular expertise in M&A and corporate law. Marco Simonis advises insurers and reinsurers on investment funds and asset management structures.

Testimonials

‘Clifford Chance Germany can combine real know-how in the areas of re/insurance and M&A – that’s actually a very rare skill.’

Public sector > Public procurement Tier 4

Clifford Chance focuses its procurement practice on the healthcare sector, where its advises drug manufacturers as well as on matters pertaining to medical devices and medtech. The group further focuses on infrastructure PPP procurement, in which context it often cooperates with the firm's project financing team, and also increasingly assisted with procurement aspects of transactions in the public sector. Frankfurt-based counsel Steffen Amelung primarily acts in the healthcare sector, but is also singled out for his expertise 'in awarding electricity concessions' and for his 'excellent knowledge of municipal law'.

Practice head(s):

Testimonials

‘High competence in procurement law issues, always available by phone or e-mail with prompt replies, convincing and generally understandable presentation of complex legal issues for city councillors, magistrates and the employees of the municipal procurement office, who have little or no knowledge of procurement procedures, especially electricity concessions. In addition, excellent litigation with competent representation of the city in oral negotiations.’

‘Attorney Steffen Amelung, who is responsible for the city at the law firm Clifford Chance, is characterized by a high level of competence in public procurement law, particularly in the awarding of electricity concessions. He also shows a lot of understanding for the needs of his clientele from the city for comprehensible representations of complex legal issues. He also showed excellent knowledge of municipal law – HGO – in cooperation with the municipal committees and the awarding authority.’

Public sector > State aid Tier 4

Real estate and construction > Construction (including construction litigation) Tier 4

Clifford Chance is well versed in advising on plant construction and project development. The advisory offering includes the drafting of contracts, claim management and clients' representation in court. Due to the interdisciplinary cooperation, the team is well positioned for interface matters such as project management contracts and joint venture agreements as well as forward funding and forward purchase contract models. Practice head Michael Kremer specialises in cross-border plant construction in the pharmaceutical, chemical, oil and gas sectors. Plant construction and infrastructure matters constitute the practice's cornerstone, but the group also advises on the development of entire residential areas and on specialist properties.

Practice head(s):

Testimonials

‘The team always reacts very competently and very quickly.

‘If necessary, resources are available to expand the team at short notice.

‘The advice and negotiation is goal-oriented with the aim of reaching agreements, as far as these are justifiable for the client.

Trade and distribution > Trade, distribution and logistics Tier 4

Clifford Chance ‘s sector-specific approach enables the firm to precisely tailor its advice to the needs of clients with regard to commercial and distribution law. Thus, the expertise from across practices and topics, such as commercial agency, official distributor, franchise, license and distribution antitrust law can be bundled into combined solutions. Among the most recent topics are matters pertaining to ESG. The distribution law group is headed by Gunnar Sachs, who has particular expertise in IP-related matters and is well versed in the healthcare and tech sectors. Marc Besen assists clients with distribution antitrust issues.

Practice head(s):

Testimonials

‘Good availability, efficient communication, high level of technical expertise.’

The firm: Clifford Chance is one of the world’s pre-eminent law firms, with significant depth and range of resources across five continents. As a single, fully integrated, global partnership, it prides itself on its approachable, collegial and team-based way of working. The firm always strives to exceed the expectations of its clients, which include corporates from all the commercial and industrial sectors, governments, regulators, trade bodies and not-for-profit organisations. It provides them with the highest quality advice and legal insight, which combines the firm’s global standards with in-depth local expertise.

Types of work undertaken
Capital markets: the capital markets practice concentrates on securities transactions and other products sold into the capital markets. The practice is founded on a full-service US and UK securities law capability, complemented by local securities law expertise in each of the key financial centres. It provides practical, integrated legal advice covering the full spectrum of global capital raising activities including public and private domestic and international offerings of traditional debt and equity securities as well as convertible and other derivative and structured securities.

Corporate: the corporate practice handles some of the world’s largest and most complex M&A transactions. It combines global transaction capability with a full service of English, US and civil law expertise in the key financial centres across Europe, the Americas and Asia Pacific. In addition to mainstream M&A, the firm also encompasses leading specialist practices in: commercial contracts, competition and antitrust, communications, energy, healthcare, financial institutions, funds, investment banking, insurance, media and technology, and private equity.

Finance: Clifford Chance’s finance practice is the leading international finance practice of any law firm. The practice provides highly commercial and practical advice across the full spectrum of financial products including syndicated lending and leveraged and acquisition finance, asset finance, derivative products, project finance, financial regulatory, insolvency, restructuring and structured finance.

Litigation, dispute resolution and risk management: the firm has experience in virtually all segments of the business and financial markets across multiple jurisdictions. The lawyers work with clients to resolve disputes efficiently and effectively – whether through arbitration, litigation or other techniques.

Real estate: Clifford Chance’s leading real estate practice offers UK, European, Asian and US real estate capability. The practice advises the real estate industry’s leading players on the entire property ‘life-cycle’ from the initial acquisition, development, leasing, joint venturing and financing through to the final exit, as well as tax structuring, PFI/PPP, corporate outsourcing, planning, environment and litigation.

Tax, pensions, employment and incentives: Clifford Chance has one of the world’s largest international tax groups within a single law firm. The firm is uniquely placed to provide leading edge advice to clients, and the practice is structured on an integrated global basis. Local tax groups within the practice work closely with areas such as securitisation, securities, M&A, corporate restructuring, private equity, real estate and funds.

The pan-European VAT group advises on all areas of VAT and has particular strength advising on novel and complex issues in the structured finance, financial services, corporate finance and real estate sectors.

The team of experienced employment, employee benefits, ERISA, immigration and pensions specialists work with clients from a wide range of sectors to address local and cross-border issues.

International offices:Abu Dhabi, Amsterdam, Bangkok, Barcelona, Beijing, Brussels, Bucharest, Casablanca, Dubai, Düsseldorf, Frankfurt, Hong Kong, Istanbul, Jakarta*, London, Luxembourg, Madrid, Milan, Moscow, Munich, New York, Paris, Perth, Prague, Rome, São Paulo, Seoul, Shanghai, Singapore, Sydney, Tokyo, Warsaw, Washington, D.C., Riyadh**

*Linda Widyati & Partners in association with Clifford Chance

**Clifford Chance has a co-operation agreement with Abuhimed Alsheikh Alhagbani Law Firm in Riyadh

PhotoNamePositionProfile
 Bettina Steinhauer  photo Bettina SteinhauerBettina Steinhauer specialises in acquisition finance and general bank lending, including restructuring.…
Number of partners : 550
Number of other fee-earners : 3,300

Advice To My Younger Self: Reflections of Successful Women Lawyers

Women lawyers open up about their careers and defining choices

Advice To My Younger Self: Reflections of Successful Women Lawyers is published by The Legal 500‘s GC Magazine in collaboration with Clifford Chance. Now in its second release, the book is a practical resource for anyone interested in charting a successful career path at a law firm or by moving in-house. It features interviews with 20 women partners, alumnae and in-house counsel, with additional contributions from members of Clifford Chance’s senior management and US-based recruiting team. Visit our website to learn more about practical tips for building your career.

http://www.legal500.com/clifford-chance/advice-to-my-younger-self


RISING LAWYERS open up about their priorities and strategies for success

Their Voices: Insights from Today’s Rising Lawyers by The Legal 500‘s GC Magazine in collaboration with Clifford Chance. Geared primarily for students and junior lawyers, the book is a practical resource for those considering law school or just beginning a legal career. Twenty junior lawyers offer diverse perspectives on what inspires them about the law, and the strategies that are helping them stay in touch with their priorities and define the future of their careers. Their Voices also provides insights for senior lawyers as they mentor the next generation of leaders.

http://www.legal500.com/clifford-chance/their-voices