Firm / Organisation

Freshfields Bruckhaus Deringer LLP

This content is provided by Freshfields Bruckhaus Deringer LLP.

Senior Partner: Edward Braham
Managing Partner: Stephan Eilers
US Managing Partner: Peter Lyons
Number of partners: circa 400 Number of lawyers: 2,800 plus
Languages: Members of the firm speak over 60 languages

Firm Overview:
Freshfields Bruckhaus Deringer LLP is a global law firm with a long-standing track record of successfully supporting the world’s leading national and multinational corporations, financial institutions and governments on groundbreaking and business-critical mandates. Our 2,800-plus lawyers deliver results worldwide through our own offices and alongside leading local firms. Our commitment, local and multinational expertise, and business know-how means our clients rely on the firm when it matters most.

Main Areas of Practice:  

Antitrust, Competition & Trade:
Freshfields has an unrivalled market share of in-depth Phase II merger investigations by the European Commission. It advises financial institutions, governments and other clients worldwide through complex remedy negotiations across all sectors on all competition issues, including:
■Merger control
■Abuse of dominance
■Cartel investigations
■Follow-on and other antitrust litigation
■Compliance
■State aid
■Public procurement
■Foreign investment review

Corporate:
In the past few years, Freshfields has advised on more crossborder M&A deals than any other law firm in the world. It has consistently topped the European, Asia-Pacific and UK league tables. Recent highlights include advising:
■BASF, a German chemical company and the largest chemical producer in the world, on its $6.7bn acquisition of significant components of Bayer’s seed and non-selective herbicide businesses
■KLX Inc. on the $4.2bn sale of its aviation parts and services business to the Boeing Co. and the spin-off of its energy services business
■Global Brands Group (HKSE-listed) on its $1.38bn sale of a significant part of its North American business to Differential Brands Group, a portfolio company of Tengram Capital Partners

Disputes:
With disputes lawyers from over 50 nationalities, Freshfields has advised on the most high-profile disputes, multi-jurisdictional investigations, competition claims, patent litigation and politically sensitive arbitrations in recent history. The team’s highlights include advising:
■ConocoPhillips and several of its subsidiaries in its recent $8.7bn award arising from its ICSID arbitration against Venezuela, as well as in a number of related ICC proceedings against Venezuelan state oil company PDVSA, which arose out of one of the largest expropriations in history. In April 2018, the firm secured a $2 billion award for ConocoPhillips in one of the related ICC proceedings, and then successfully negotiated a settlement agreement with PDVSA in August 2018
■Volkswagen in the resolution of its criminal and regulatory investigations in the United States arising from its diesel emissions issues as well as in connection with related regulatory investigations and civil litigations in dozens of other countries
■MoneyGram, the world’s second largest money transfer business with more than 130 million transactions totaling over $30bn per year, as its DOJ-appointed corporate monitor, in an extensive global review of the company’s anti-fraud and anti-money laundering compliance program

Finance:
Freshfields has recently represented CVC and Messer in the negotiation of their $2.8bn multi-currency credit facility ($2.225bn US dollar term B loan, $625m equivalent Euro term B loan and $450m revolving facility) in connection with the joint purchase by CVC and Messer of the North American industrial gases business of Linde and Praxair.
The firm continues to represent KfW IPEX-Bank as lead arranger and lender for the limited recourse financing of an ammonia fertilizer plant in Topolobampo, Mexico, expected to be the largest in Latin America. The plant will allow Mexico to reduce its high dependence on ammonia and fertilizer imports and will use natural gas transported through a series of pipelines, including newly constructed gas pipelines.

Tax:
The tax practice advises clients across all sectors on their most exacting deals, tax investigations and disputes, and consultancy tax matters, worldwide. The practice has recently advised:
■BASF SE, a German chemical company and the largest chemical producer in the world, and its subsidiary, BASF Corporation, on the tax aspects of their $8.6bn acquisition of significant components of Bayer AG’s global seed, seed counting and non-selective herbicide businesses
■KLX Inc. on the tax aspects of its spin-off Energy Services Group (ESG) business to KLX shareholders which preceded KLX Inc’s acquisition by The Boeing Company, enabling Boeing to acquire KLX’s remaining Aerospace Solutions Group (ASG) business

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Aviation Finance & Leasing 2019 Law and Practice in Germany

Konrad Shott, Johannes Vogel

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