Clifford Chance > Frankfurt, Germany > Firm Profile
Clifford Chance Offices
MAINZER LANDSTRASSE 46
60325 FRANKFURT AM MAIN
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Clifford Chance > The Legal 500 RankingsClifford 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.
Other key lawyers:
‘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.’
Other key lawyers:
‘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.’
KfW Kreditanstalt für Wiederaufbau
IFC International Finance Corporation
DEG Deutsche Investitions- und Entwicklungsgesellschaft
Global Infrastructure Partners
Canada Pension Plan Investment Board
Ankara Etlik Hastane Saglik Hizmetleri Isletme Yatirim A.S.
- 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.
Other key lawyers:
DekaBank Deutsche Girozentrale
Amundi Real Estate
moderne stadt – Gesellschaft zur Förderung des Städtebaues und der Gemeindeentwicklung mbH
- 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).
‘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 1Clifford 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.
‘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.’
Other key lawyers:
‘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.’
‘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.’
‘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.‘
Other key lawyers:
‘Amazing special knowledge and depth of detail of the lawyers for this special field.’
‘They process qualified overarching and detailed questions.’
‘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.’
‘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.’
Macquarie Infrastructure and Real Assets (MIRA)
Walgreens Boots Alliance
- 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.
Macquarie Infrastructure and Real Assets (MIRA)
Walgreens Boots Alliance
‘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.’
Industry focus > Energy Tier 2Clifford 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.
Other key lawyers:
‘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.’
- 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 2Clifford 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.
Other key lawyers:
‘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 3Clifford 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.
‘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.’
‘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).’
UniCredit Bank AG
Digital Vault Services
- 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.
‘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.’
‘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
‘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. ‘
Clifford Chance > Firm Profile
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
|Bettina Steinhauer||Bettina Steinhauer specialises in acquisition finance and general bank lending, including restructuring.…||View Profile|
Staff FiguresNumber of partners : 550 Number of other fee-earners : 3,300
Advice From Women Lawyers
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.
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.
Competition for competition claims?Until recently, the lion’s share of follow-on claims in relation to large EU-wide cartels were brought in the English courts. The claimant is the one who decides where to bring the claim (subject to the chosen courts having jurisdiction) and the availability of broad disclosure and other aspects of English procedure have made England an …
Securities litigation gathers momentum in the UKClifford Chance’s Ian Moulding, Chris Yates, Jason Epstein and Ryan Byrne consider the rising tide of US-style ‘stock drop’ shareholder class actions in the UK, and offer practical tips for in-house counsel on managing the risk of shareholder litigation Shareholders can bring claims against listed companies to recover losses suffered as a result of a drop …
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- Banking and finance > Investment funds
- Banking and finance > Project finance
- Banking and finance > Real estate finance
- Capital markets > Structured finance and securitisation
- Industry focus > Healthcare and life sciences
- Private equity > Transactions
- Real estate and construction > Real estate
- Restructuring and insolvency > Restructuring
- White-collar crime > Advice to companies
Top Tier Firm Rankings
- Banking and finance > Financial services: regulatory
- Banking and finance > Lending and borrowing
- Capital markets > Debt capital markets
- Capital markets > Equity capital markets
- Compliance > Internal investigations
- Corporate and M&A > Corporate
- Corporate and M&A > M&A: large deals (€500m+)
- Corporate and M&A > M&A: mid-sized deals (sub-€500m)
- Dispute resolution > Arbitration (including international arbitration)
- Dispute resolution > Commercial litigation
- Dispute resolution > Financial services: litigation
- Industry focus > Energy
- Public sector > Commercial administrative law
- Public sector > Planning and environment