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Clifford Chance

10 BOULEVARD G.D. CHARLOTTE, BP, 1011 LUXEMBOURG
Tel:
Work +352 48 50 50 1
Email:
Web:
www.cliffordchance.com

Luxembourg

Banking, finance and capital markets
Banking, finance and capital markets - ranked: tier 1

Clifford Chance

Clifford Chance’s ‘responsive and commercial’ three-partner team handles acquisition, real estate and fund financing, as well as regulatory work, for high-calibre clients including ING, UniCredit and JP Morgan. The ‘exceptional’ Marc Mehlen advised a syndicate of banks including Commerzbank and SEB on the financing of Capvis’ acquisition of Hennecke Holding from ADCURAM Group. Steve Jacoby is regularly engaged in capital markets matters and has handled numerous bond issues under major issuance programmes. Christian Kremer is also recommended.

Leading individuals

Steve Jacoby - Clifford Chance

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Commercial, corporate and M&A
Commercial, corporate and M&A - ranked: tier 1

Clifford Chance

Clifford Chance’s two-partner team is led by Christian Kremer and Katia Gauzès following her recruitment in May 2016 from Arendt & Medernach. The firm has an excellent reputation in the financial services sector, where it is able to combine strong transactional and regulatory expertise with a broad international network. Kremer recently advised Sentinel Group Holdings on the €441m sale of Skrill Topco to Netinvest. Other clients include Carlyle Group, 3i and KKR.

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Dispute resolution
Dispute resolution - ranked: tier 1

Clifford Chance

Led by the ‘technical and pragmatic’ Albert Moro, Clifford Chance provides a ‘client-oriented’ service to banks, insurance companies and private equity sponsors, and has the ‘breadth and depth required to handle complex litigation impacting various areas of law’. Olivier Poelmans and Claude Eischen are also recommended.

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Employment
Employment - ranked: tier 1

Clifford Chance

Led by the ‘pragmatic’ Albert Moro, Clifford Chance provides strategic employment advice to financial services clients including banks, asset managers and private equity firms. Moro recently advised the Luxembourg branch of a bank on the employment ramifications of a significant internal reorganisation, and acted alongside counsel Isabelle Comhaire for two banks in a review of their long-term incentive plans.

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IP and IT
IP and IT - ranked: tier 3

Clifford Chance

Clifford Chance regularly advises financial services clients on data protection and data privacy issues. Counsel Isabelle Comhaire is the main contact.

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Investment funds
Investment funds - ranked: tier 1

Clifford Chance

Headed by the ‘experienced and knowledgeable’ Joëlle Hauser, Clifford Chance’s ‘impeccable’ 21-strong team has particular strength in the cross-border structuring of alternative investment funds. With assistance from the firm’s New York and Frankfurt offices, Hauser recently advised Mercer Private Markets on the establishment of a new umbrella SICAV-SIF. Other key figures include Paul van den Abeele, ‘outstanding’ counsel Arne Bolch and senior associate Alexander Wagner, who is ‘incredibly knowledgeable in all AIFM-related issues’.

Leading individuals

Joëlle Hauser - Clifford Chance

Next generation lawyers

Alexander Wagner - Clifford Chance

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Private equity
Private equity - ranked: tier 1

Clifford Chance

Clifford Chance acts for leading sponsors including CVC, KKR and Permira. ‘Simply the best, due to her knowledge of the field and of legislator evolution’, Joëlle Hauser recently advised HQ Capital on the establishment of a new umbrella SICAV-SIF investing in private secondary market transactions. ‘Solution-oriented’ corporate lawyer Christian Kremer, who is regularly involved in private equity-related acquisitions and disposals, recently advised KKR on portfolio company Trainline’s €160m purchase of Capitaine Train.

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Real estate and construction
Real estate and construction - ranked: tier 1

Clifford Chance

Led by Albert Moro and assisted by counsel Sébastien Schmitz, Clifford Chance’s eight-strong team handles a range of real estate work including the structuring of regulated and unregulated real estate funds, real estate finance, leasing, and the acquisition and disposal of properties.

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Tax
Tax - ranked: tier 1

Clifford Chance

Headed by François-Xavier Dujardin, Clifford Chance regularly provides tax structuring advice to the firm’s corporate, banking and fund clients. Dujardin recently provided tax advice to Armundi Real Estate on its new venture with Korean investors to invest in Dutch property through a Luxembourg holding company.

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Further information on Clifford Chance LLP

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

United Arab Emirates

Offices in Abu Dhabi and Dubai

Afghanistan

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 Düsseldorf, 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

Iraq

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

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

Legal Developments by:
Clifford Chance LLP

Legal Developments in Luxembourg

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • CSSF sets out more restrictive policy on UCITS investment in non-UCITS funds

    Luxembourg’s Financial Sector Supervisory Authority (CSSF) has announced changes to its policy regarding investment by UCITS funds in non-UCITS undertakings for collective investment, amending the guidance contained in its Frequently Asked Questions document addressing the law of December 17, 2010 on undertakings for collective investment. In the interests of convergence at EU level regarding the UCITS regime, the CSSF now says that UCITS may no longer invest in other UCIs and those that have done so are required to divest their holdings as soon as possible, unless the eligibility of each target fund has been confirmed specifically through case-by-case analysis.
  • Reorganised Luxembourg law on commercial companies comes into force

    A revised version of Luxembourg’s law on commercial companies, originally dating from August 10, 2015, came into force on December 19, 2017, following its publication in the grand duchy’s official gazette (Mémorial A no. 1066) on December 2015 (the “Company Law”.
  • The amended EuVECA and EuSEF Regulations

    Regulation (EU) 2017/1991 amending regulations (EU) No 345/2013 on European Venture Capital Funds (EuVECAs) and (EU) No 346/2013 on European Social Entrepreneurship Funds (EuSEFs) (together, the “Regulations ”) has been published today in the Official Journal of the European Union and will be applicable as of 1 March 2018.
  • MiFID II: are you ready?

    With less than 30 days to go before the new MiFID II regime will be rolled out, funds and management companies/AIFM are increasingly concerned as to how they will be impacted:
  • Registers of beneficial ownership: new rules to be implemented soon

    The draft laws implementing AMLD 4 set out strict rules to allow for protection against improper access to the information on BOs.
  • Permanent exemption from variation margin obligation for FX forwards?

    Earlier this week, the European Supervisory Authorities (ESAs) published draft amendments to EMIR-related regulatory technical standards (RTS) that align the treatment of variation margin (VM) for FX forwards with the supervisory guidance applicable in other key jurisdictions. More specifically the draft amendments propose that the requirement to exchange VM for physically settled FX forwards shall only target transactions between institutions (credit institutions and investment firms).
  • New Circular Letter on stock option plans

    ​As announced by the Luxembourg Finance Minister in his presentation of the 2018 budget bill, the government introduced certain amendments to the current tax regime of stock option plans. In particular, the valuation of freely negotiable options will be increased as of 1 January 2018 from 17.5% to 30% of the value of the underlying stock.
  • Loi modifiée du 10 août 1915 concernant les sociétés commerciales-version consolidée au 19 déc

    We would like to draw your attention to the release of an official coordinated version of the amended law of 10 August 1915 on commercial companies.
  • Back to 2017 - Forward to 2018

    2017 was a busy year, not least in respect of legal and regulatory changes that may impact your business. We are pleased to provide you with an overview of the major legal and regulatory developments under Luxembourg and EU law.
  • PRIIPs KID: are you ready?

    In less than 4 months the Priips-Kid regulation will come into force. The exercise of ensuring compliance with this regulation is not an easy one.