The Legal 500

Twitter Logo Youtube Circle Icon LinkedIn Icon

Clifford Chance

1 RUE D'ASTORG, 75008 PARIS, FRANCE
Tel:
Work +33 1 44 05 52 52
Email:
Web:
www.cliffordchance.com

France

Administrative and public law
Administrative and public law - ranked: tier 1

Clifford Chance

Clifford Chance¬†has an impressive track record when it comes to advising on France's largest PPP and infrastructure projects, including handling complex post-performance and execution issues. Headed by one of the market's most respected figures,¬†David Pr√©at, the practice recently advised clients in the transport, renewables and energy sectors on landmark greenfield projects. It notably assisted Eiffage Concessions as a bidder for the¬†Route Centre Europe Atlantique (RCEA) motorway project, and a Transdev-led consortium as a candidate to operate the future Charles de Gaulle Airport express rail link (CDG Express). The team is also advising EDF¬†√Čnergies Nouvelles on a floating offshore wind test project. The firm also assisted banks with motorway and rail refinancing projects, and advised sponsors on several domestic high-speed broadband network projects. It is also assisting the Transport Ministry with complex issues raised by the government's abandonment of the Notre-Dame-des-Landes airport project, as well as with the potential privatisation of Paris airports owner and operator ADP. Finally, the firm also advised on large-scale offshore brownfield projects. Counsel Gauthier Martin¬†is the other key name in the practice.

Leading individuals

David Préat - Clifford Chance

[back to top]

Aviation
Aviation - ranked: tier 2

Clifford Chance

Clifford Chance has a broad aviation practice, with a team whose 'members complement each other'. The practice has a strong corporate and commercial focus, with Dessislava Savova and Fabrice Cohen forming the heart of the group, as well as a strong litigation and arbitration component alongside regulatory expertise. In a recent corporate highlight, Cohen advised Airbus on its $750m disposal of Vector Aerospace to StandardAero Aviation Holdings, while Savova acted for Airbus on the implementation of a new industrial and commercial strategy for the insourcing of key aircraft components. Thibaud d’Alès represented the Cessna Citation European Service Center in litigation against owners and managers of airplanes arising from the non-payment of repairing works. Other key contacts include Jason Fry, Simon Greenberg and Thomas Baudesson. Charles-Henri Boeringer was promoted to partner in May 2018.

[back to top]

Banking and finance: Bank regulatory
Banking and finance: Bank regulatory - ranked: tier 1

Clifford Chance

Clifford Chance is especially active in high-profile restructuring matters, while also shouldering a busy workload in the fintech sector. Mandates related to issues stemming from the Markets in Financial Instruments Directive II (MiFID II) also provide a steady flow of instructions. In addition, practice head Frédérick Lacroix regularly advises on Brexit-related matters. Counsel Sébastien Praicheux is also noted. Clients include Caceis, World Bank and Bank of America Merrill Lynch.

Leading individuals

Frédérick Lacroix - Clifford Chance

Next generation lawyers

Sébastien Praicheux - Clifford Chance

[back to top]

Banking and finance: transactional work
Banking and finance: transactional work - ranked: tier 1

Clifford Chance

At Clifford Chance, acquisition and leveraged finance are a core part of the firm's caseload, with infrastructure financing and refinancing other especially busy areas. Financings involving capital markets and securitisation are also part of the team's portfolio of expertise. The practice regularly leverages the firm's international footprint for cross-border work, such as advising JP Morgan Securities on the financing of AXA's ‚ā¨12.4bn acquisition of Groupe XL, a deal which saw Thierry Arachtingi work in tandem with his counterparts in New York.¬†Daniel Zerbib, who leads the practice with Arachtingi and project finance specialist¬†Nikola√Į Eatwell, also advised BNP Paribas as lender on the ‚ā¨90m refinancing of InfraVia's acquisition of Swiss data centre business Green Datacenter. Cr√©dit Agricole, Goldman Sachs and EDF also feature on the client list.¬†Benjamin de Blegiers¬†left for¬†Weil, Gotshal & Manges LLP¬†in 2019.

Leading individuals

Daniel Zerbib - Clifford Chance

Thierry Arachtingi - Clifford Chance

[back to top]

Capital markets: debt capital markets
Capital markets: debt capital markets - ranked: tier 1

Clifford Chance

Clifford Chance¬†provides French, US and English law expertise, acting for French and international banks as well as for issuers, including corporates, financial institutions and public sector clients such as municipalities.¬†Alex Bafi,¬†C√©dric Burford¬†and¬†Jonathan Lewis¬†are the names to note, with counsel¬†Auriane Bijon¬†and newly promoted counsel Olivier Plessis¬†providing key support. Recent highlights include advising the banks, including BNP Paribas, Soci√©t√© G√©n√©rale and UniCredit Bank, on Sanofi's ‚ā¨8bn bond issuance, assisting Unibail-Rodamco with its ‚ā¨2bn dual tranche hybrid bond issuance and advising the government of the Sultanate of Oman on the English and US law issues regarding its potential Rule 144A offering of debt securities and simultaneous sukuk offering. Natixis instructed the group to assist with Fonci√®re de R√©gion's cash tender offer on existing bonds and new issue of bonds. Cr√©dit Agricole Corporate and Investment Bank, Morgan Stanley and Carrefour also count among the team's clients.

Leading individuals

Cédric Burford - Clifford Chance

Next generation lawyers

Auriane Bijon - Clifford Chance

[back to top]

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

Clifford Chance

Clifford Chance is particularly active in IPOs, but also demonstrates strength in rights offerings, convertible bonds, block trades and equity derivatives. Employee shares schemes and stock option schemes are another area of focus. US securities specialist Alex Bafi and Aline Cardin, an expert in French and international securities offerings, head the practice. Jointly with regulatory specialist Fr√©d√©rick Lacroix¬†the team advised¬†Soci√©t√© G√©n√©rale as shareholder and ALD as issuer on ALD's ‚ā¨1.2bn Rule 144A IPO on the Euronext Paris, assisting with both French and US law issues. On the block trade side, recent highlights include advising Altrafin on the sale of 8.4% of Altran's share capital by way of accelerated bookbuilding. Olivier Plessis made counsel and Julien Rocherieux was promoted to partner.

Leading individuals

Alex Bafi - Clifford Chance

[back to top]

Compliance
Compliance - ranked: tier 1

Clifford Chance

Clifford Chance is assisting many leading French and international corporations with the establishment of anti-corruption programmes, including high-profile names in the pharmaceutical, aviation and defence sectors. The 16-lawyer team is also advising several clients on audits by the new French anti-corruption agency, Agence française anticorruption (AFA), and on conducting internal investigations in connection with or independently from government-led investigations. It also offers antitrust compliance advice. Thomas Baudesson, newly promoted partner Charles-Henri Boeringer and Katrin Schallenberg are recommended.

Next generation lawyers

Charles-Henri Boeringer - Clifford Chance

[back to top]

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

Clifford Chance

Clifford Chance handles the full range of structured finance, including securitisation, repackaging, derivatives and alternative market financing products, and possesses French, English and US law expertise. Jonathan Lewis heads the practice jointly with newly promoted partner Julien Rocherieux; Lewis assisted the European Investment Fund with multiple matters, including the provision of guarantees to the ENABLE funding programme of the British Business Bank and the provision of guarantees to securitisations in Spain, Italy, Germany, the Netherlands and the UK in the context of the European Commission and EIB Group's SME Initiative. Other work came from Elior, XPO Logistics and Crédit Foncier. Olivier Plessis made counsel.

Leading individuals

Jonathan Lewis - Clifford Chance

Next generation lawyers

Julien Rocherieux - Clifford Chance

[back to top]

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

Clifford Chance

Clifford Chance's ‚Äėhugely experienced‚Äô 16-lawyer Paris-based team has first-hand knowledge of the ICC Court. The practice acts for French and international corporations facing shareholder, partnership, mining and construction disputes. It is handling a series of cases for a key client in the aviation sector, and is also acting in investment cases, including representing a state in its first treaty claim. Practice head¬†Jason Fry is highly recommended, along with the ‚Äėdetermined, brilliant and reasonable‚Äô Simon Greenberg. Counsel Sandrine Colletier¬†is also noted.

[back to top]

Dispute resolution: White-collar crime
Dispute resolution: White-collar crime - ranked: tier 3

Clifford Chance

Clifford Chance is instructed by international banks and financial institutions to advise on sensitive money-laundering and tax fraud cases. The eight-lawyer team is also representing a major client facing high-profile anti-corruption investigations and defending a leading pharmaceutical company. Thomas Baudesson and newly promoted partner Charles-Henri Boeringer are recommended.

Next generation lawyers

Charles-Henri Boeringer  - Clifford Chance

[back to top]

EU, competition and distribution
EU, competition and distribution - ranked: tier 2

Clifford Chance

Clifford Chance's antitrust practice combines national and European expertise to cover the full gamut of competition matters through the experience of Katrin Schallenberg and David Tayar. The pair jointly head the practice, supported by of counsel Michel Petite. As well as overseeing Europcar's acquisition of Goldcar, the group recently handled Axel Springer's sale of 78.4% of the Aufeminin group to TF1. Schallenberg is currently representing Arkema in a claim against Honeywell on the grounds of European competition law, seeking a worldwide licence to use one of its products; Tayar is assisting Carrefour with its strategic alliance with Tesco covering the joint purchase of own-brand products and the negotiation of services with large international suppliers. Senior associate Emily Xueref-Poviac is also a key contact and is part of the team advising Oracle on a very recent FCA investigation.

Leading individuals

David Tayar - Clifford Chance

[back to top]

Employment
Employment - ranked: tier 3

Clifford Chance

Clifford Chance's ‚Äėvery experienced‚Äô and ‚Äėeasily accessible‚Äô seven-lawyer team provides ‚Äėoutstanding support‚Äô. Clients point out the practice's ‚Äėability to handle complex M&A projects in an ever-changing political environment‚Äô, while it also stands out for being ‚Äėvery good in dealing with high-stakes employment law disputes‚Äô. The team acts for a number of longstanding industrial clients including several companies in the automotive sector, which it notably advised on restructuring, downsizing projects and connected litigation. It recently assisted Allia (Geberit) with the closure of two plants in France and Hanon with the implementation of a collective termination agreement. Other clients include Fujifilm, Visteon, Schaeffler and Pfizer. Practice head¬†Fran√ßois Farmine¬†‚Äėis very thorough, responsive and has a very hands-on approach‚Äô.

[back to top]

Insolvency
Insolvency - ranked: tier 3

Clifford Chance

Clifford Chance stands out for its ability to handle complex cases including  cross-border disputes and fiducie aspects. The six-lawyer team regularly acts for insolvency administrators and also represents debtors and creditors. It recently acted for the trustee in CGG's safeguard proceedings and assisted Agripole's bondholders with the restructuring of Agripole and William Saurin. Practice head Reinhard Dammann has extensive experience and academic knowledge of his field. Counsel Gilles Podeur is another key name.

[back to top]

Media and entertainment
Sports - ranked: tier 1

Clifford Chance

Yves Wehrli heads the Paris office of Clifford Chance and its sports team, which handles matters pertaining to sponsorship deals, TV tenders, construction and financing issues, corporate deals, and dispute resolution. In recent highlights, the practice advised the French Football League on the invitation to tender regarding the sale of its TV rights for Ligue 1 to Spanish broadcaster Mediapro; the transaction exceeded the symbolic billion euro threshold for the first time in France. In addition to advising on the organisation of the 2018 Gay Games, including providing key commercial contracts and strategic advice, the firm is assisting Racing Club de Lens with an investigation by a local financial court regarding the rent paid by the club to the city owning the stadium for its use. Laurent Schoenstein is also a key name to note and banking expert Benjamin De Blegiers assisted with the financing of a new stadium and the acquisition of new players.

Leading individuals: Sports

Yves Wehrli - Clifford Chance

[back to top]

Mergers and acquisitions
Mergers and acquisitions - ranked: tier 2

Clifford Chance

The team of 'great professionals' at Clifford Chance 'combines deep experience, the ability to deliver fast under pressure, a pragmatic approach and the ability to find creative solutions'. Recent highlights include multiple cross-border cases, among them advising Engie on the $2.04bn sale of its liquefied natural gas business to Total, a matter led by the 'client-oriented and business-minded' Mathieu R√©my. Fabrice Cohen, who is 'very pragmatic, with a risk-oriented mindset', advised Europcar on its ‚ā¨1bn acquisition of Goldcar from Investindustrial. Domestically, Marianne Pezant assisted Carrefour with the creation of a common vehicle with Fnac Darty, creating a purchasing partnership for domestic appliances and consumer electronics in France.¬†¬†Other noteworthy practitioners include Gilles Lebreton, Laurent Schoenstein and counsel Olivier Jouffroy, 'a very good professional who is able to manage pressure very well'. Julien Brun made counsel. Benjamin de Blegiers¬†joined¬†Weil, Gotshal & Manges LLP¬†in 2019.¬†Vacalians, Airbus, Axel Springer and Plastic Omnium all count among the team's clients.

Leading individuals

Mathieu Rémy - Clifford Chance

[back to top]

Project finance
Project finance - ranked: tier 1

Clifford Chance

Clifford Chance's state-of-the-art public law, project finance and M&A infrastructure capabilities make the firm an infrastructure and energy project leader in France, in Africa and other parts of the world. The practice is currently advising on many of France's largest rail, motorway, broadband network and renewable projects. Highlights included assisting Eiffage Concessions with its tender bid for the RCEA motorway project tender, and EDF EN with the floating offshore wind test project. The firm is also involved in large-scale LNG, gas power, geothermal and hydro projects, mostly in Africa but also in other diverse jurisdictions including Georgia and Indonesia. It is assisting the government of Ethiopia with a 500MW geothermal project. The group is also advising on strategic new pipeline projects and on major infrastructure projects in Turkey including assisting a group of lenders with the Bursa health campus project. The 27-lawyer team is made up of high-profile figures including¬†Anthony Giustini, Nikola√Į Eatwell, Daniel Zerbib, Richard Tomlinson, Delphine Siino Courtin¬†and¬†public law expert David Pr√©at.¬†Benjamin de Blegiers¬†joined¬†Weil, Gotshal & Manges LLP¬†in April 2019.

Leading individuals

Anthony Giustini - Clifford Chance

Daniel Zerbib - Clifford Chance

David Préat - Clifford Chance

Nikola√Į Eatwell - Clifford Chance

Next generation lawyers

Delphine Siino Courtin - Clifford Chance

[back to top]

Real estate
Real estate - ranked: tier 2

Clifford Chance

Clifford Chance stands out for handling large investment transactions, including pan-European portfolio deals, in the office, retail and logistics sectors. The 12-lawyer team advises several prominent French and international investors and recently gained a number of blue-chip names as clients In recent work, the group advised on office building and office tower investments and property financing. Highlights included assisting Partners Group with the acquisition of the CB16 office tower in La Défense, as well as Ivanhoe Cambridge as borrower with the financing of the construction of the Duo office towers in Paris. The team also advised RFR Holding on the acquisition of a property located on la Croisette in Cannes, and assisted tenants with leasing negotiations pertaining to office spaces. AEW Ciloger, Blackstone Real Estate and Gecina are also clients. Practice head François Bonteil is an expert in the field and Alexandre Couturier is another key name. Counsel Anne-Sophie Plé is also noted.

Leading individuals

François Bonteil  - Clifford Chance

Next generation lawyers

Alexandre Couturier - Clifford Chance

[back to top]

Tax
Tax - ranked: tier 2

Clifford Chance

Clifford Chance‚Äôs ‚Äėexcellent‚Äô eight-lawyer team stands out for its ‚Äėhigh professionalism and availability‚Äô. The practice recently advised on high-profile infrastructure M&A transactions through its assistance to Engie with the $2bn sale of its upstream LNG business to Total. It also acted alongside PAI Partners on the ‚ā¨1.15bn LBO on Asmod√©e. The team also stands out for its ‚Äėstrong experience and knowledge of the real estate industry‚Äô where it shows ‚Äėgreat ability to execute a transaction and anticipate solutions‚Äô. It was recently involved in some of the market‚Äôs largest investment transactions and handled a number of matters for Primonial, which it notably assisted with its 50% equity investment in a German healthcare asset portfolio owned by Medical Properties Trust. The team is also a leading reference for pan-European real estate fund structuring and assisted Ardian France with the creation of its first real estate fund. Rexel, Axel Springer, Altarea Cogedim and AEW Ciloger are also clients. Co-heads¬†Eric Davoudet ¬†and Alexandre Lagarrigue, who ‚Äėcombines technical proficiency, imagination and very good judgement‚Äô, rank among the best in their fields and counsel Jitka Susankova¬†is also noted.

Leading individuals

Alexandre Lagarrigue - Clifford Chance

Eric Davoudet - Clifford Chance

[back to top]

France: Dispute resolution

Dispute resolution: Stock market litigation
Dispute resolution: Stock market litigation - ranked: tier 2

Clifford Chance

Clifford Chance is representing leading international banks facing market abuse and insider trading investigations by the AMF. The firm is also defending a credit rating agency in very sensitive matters, including in the first investigation and enforcement proceedings conducted by the European Securities and Markets Authority. It is also acting for a CAC 40 company in another potential insider trading case. Thomas Baudesson is highly experienced and recommended. Diego de Lammerville and newly promoted partner Charles-Henri Boeringer are also key contacts.

[back to top]

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

Clifford Chance

Clifford Chance's large 15-lawyer team handles a wide range of cases, including acting on sensitive healthcare-sector product liability cases for clients such as Pfizer and GSK, and representing leading French and international retailers and companies in high-stakes commercial and private enforcement litigation. The team is notably representing SFR and Numericable in several key matters, including a sensitive unfair commercial practice dispute initiated by Free, as well as representing Carrefour in numerous claims against its suppliers. The practice also handles corporate litigation and is representing international banks including RBS in banking and financial disputes. JP Morgan and Apax are also clients. The team is led by the highly experienced Jean-Pierre Grandjean and Thomas Baudesson, and the up-and-coming Diego de Lammerville and Thibaud d’Alès. Counsel Marguerite Aynès is also recommended.

Next generation lawyers

Diego de Lammerville - Clifford Chance

Thibaud d’Alès - Clifford Chance

[back to top]

France: Industry focus

Industry focus: Healthcare and life sciences
Industry focus: Healthcare and life sciences - ranked: tier 2

Clifford Chance

Market access, pricing policies, competition, public procurements, intellectual property, compliance and corporate matters all fall within the expertise of¬†Clifford Chance's cross-disciplinary offering. Reinforced by the arrival of antitrust expert¬†David Tayar¬†from Willkie Farr & Gallagher LLP, the team recently advised on the breakup of a joint venture between two leading global pharmaceutical players for the distribution of over-the-counter products; Tayar is also representing Teva in an investigation by the European Commission regarding a patent settlement with Cephalon.¬†Thomas Baudesson¬†and senior associate¬†Ga√ęlle Merlier¬†teamed up to defend a major pharmaceutical company against a series of product liability claims, including criminal charges. On the corporate front,¬†Laurent Schoenstein¬†assisted Synlab Labco with its acquisition of Seldaix, while regulatory expert¬†Olivier Gaillard¬†continues to advise on new anti-gift and transparency regulations. Other key clients include Pfizer, GSK and Novo Nordisk.

[back to top]

Industry focus: energy
Industry focus: energy - ranked: tier 1

Clifford Chance

Combining first-class public law, project, finance and M&A expertise, Clifford Chance¬†has impressive capabilities that are difficult to match. In France, the firm is advising sponsors on the country's largest offshore wind projects, and also advised on major gas, heat and renewables infrastructure M&A transactions. It assisted Cube Infrastructures with the disposals of district heating supplier Idex and Taranis. The practice is equally strong in the oil and gas and power sectors at international level, often acting for lenders and also for sponsors. It is advising on large-scale LNG, gas power, geothermal and hydro projects, primarily in Africa but also in other jurisdictions including Georgia and Indonesia. Highlights included assisting Sace with the financing of the Coral Floating LNG project in Mozambique, as well as Cacib with the financing of the Muara Tawar gas-fired power plant in Indonesia, and the government of Ethiopia with a 500MW geothermal project. The group also advises on highly strategic new pipeline projects. Key names include¬†David Pr√©at, Laurent Schoenstein, Benjamin De Blegiers, Anthony Giustini, Nikola√Į Eatwell, Delphine Siino Courtin, Richard Tomlinson¬†and Daniel Zerbib.¬†Benjamin de Bl√©giers¬†is now with¬†Weil, Gotshal & Manges LLP.

Leading individuals: Energy project

Anthony Giustini - Clifford Chance

Nikola√Į Eatwell - Clifford Chance

Leading individuals: Regulatory and public law

David Préat - Clifford Chance

Next generation lawyers: Energy project

Delphine Siino Courtin - Clifford Chance

[back to top]

France: Private equity

Private equity: Fund formation
Private equity: Fund formation - ranked: tier 1

Clifford Chance

Clifford Chance focuses on French, Luxembourgish and pan-European funds, which the practice assists with the full spectrum of fund formation-related services as well as with secondary transactions, an especially active area for the group both on the buyer and the seller side. Practice head Xavier Comaills is the key name; his recent highlights include advising Archimed on the creation of a new small- and mid-cap buyout fund with a focus on European companies from the healthcare sector and assisting Mirova with the creation and fundraising of its second infrastructure fund. Advising on debt funds and seed and growth capital funds are other areas of expertise. Other clients include Cathay Capital, Bpifrance Investissement and Ardian. Counsel Tiana Rambatomanga joined Stephenson Harwood.

Leading individuals

Xavier Comaills - Clifford Chance

[back to top]

Private equity: LBO
Private equity: LBO - ranked: tier 1

Clifford Chance

Active in the large- and mid-cap segments of the market,¬†Clifford Chance¬†acts for private equity houses, banks and specialised infrastructure funds. With considerable sector expertise and strong cross-border capabilities, the team, which is led by¬†practice heads¬†Fabrice Cohen¬†and¬†Marianne Pezant, has handled several recent¬†high-profile instructions. Highlights included advising PAI Partners on the acquisition of Asmodee group from Eurazeo, valued at ‚ā¨1.2bn, and assisting Permira with the acquisition of Exclusive Networks from Cobepa, Edmond de Rothschild, Sogecap and the management.¬†Laurent Schoenstein¬†led the advice to¬†Cube Infrastructure Managers on the disposal of Idex Group and Taranis.¬†Gilles Lebreton¬†is also noted. Benjamin de Blegiers¬†is now with¬†Weil, Gotshal & Manges LLP. Clients also include Apax Partners, Cinven and BlackRock.

[back to top]


Further information on Clifford Chance

Please choose from this list to view details of what we say about Clifford Chance in other jurisdictions.

United Arab Emirates

Offices in Abu Dhabi and Dubai

Angola

Australia

Offices in Sydney and Perth

Belgium

Offices in Brussels

China

Offices in Shanghai and Beijing

Czech Republic

Offices in Prague

Germany

Offices in D√ľsseldorf, Frankfurt, and Munich

Algeria

Spain

Offices in Madrid and Barcelona

France

Offices in Paris

Ghana

Hong Kong

Offices in Hong Kong

Iran

Indonesia

Offices in Jakarta

Latin America: International firms

India

Italy

Offices in Rome and Milan

Japan

Offices in Tokyo

London

Offices in London E14 and London EC2R

Luxembourg

Offices in Luxembourg

Morocco

Offices in Casablanca

Malaysia

Mozambique

Netherlands

Offices in Amsterdam

Philippines

Poland

Offices in Warsaw

Qatar

Offices in Doha

Asia Pacific: Regional International Arbitration

Romania

Offices in Bucharest

Russia

Offices in Moscow

Singapore

Offices in Singapore

South Korea

Offices in Seoul

Saudi Arabia

Offices in Riyadh

Tunisia

Turkey

Offices in Istanbul

United States

Offices in Washington DC and New York

Vietnam

Legal Developments by:
Clifford Chance

Legal Developments in France

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to