Firm / Organisation

Spitz Poulle Kannan A.A.R.P.I.

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Managing Partners: Jean-Baptiste Poulle, Nicolas Spitz, Arut Kannan
Number of partners: 3
Number of lawyers: 12 (including partners)
Languages: English, French, German, Spanish

Firm Overview:
Spitz Poulle Kannan is a boutique law firm with the largest regulatory team in Paris. The firm is able to handle the full suite of advisory, investigation, enforcement and litigation arising out of the financial services industry. With financial institutions facing wide-ranging regulatory reforms and challenges, Spitz Poulle Kannan's lawyers — specialised in both contentious and non-contentious work — provide advice on sensitive and complex regulatory issues, including assisting clients in making highly technical, strategic and business decisions.

Practice Areas:
-Banking & Financial Institutions
-Financial Markets
-Derivatives & Structured Finance Products
-Post-Market
-Asset Management
-Insurance
-Compliance
-Anti-Bribery
-Litigation

Main Areas of Practice

Advisory:
Spitz Poulle Kannan’s financial and banking advisory work covers licensing, change of control, reporting, good conduct and organisational rules, highly specialised regulatory matters such as custody and clearing, payment services, prudential regulations, and marketing of complex financial and insurance products in France. The team also regularly represents clients in relation to the structuring and negotiation of financial market transactions, including derivatives products.
Recent Experiences:
■ The firm is currently assisting several major UK based regulated entities in their planning, reorganisation and execution following Brexit
■ The firm frequently advises foreign as well as French parties on the sale or purchase of financial institutions, portfolio managers and insurance companies in France
■ The firm is currently assisting financial institutions (including broker dealers) on the impact of MiFID2/MiFIR rules on their organisation, business activities and models
■ Under a long-term legal advisory arrangement with leading international banks, the firm represents and assists the banks on all financial contracts relating to the bank’s post-market activities (custody account keeping, depositary, financing, clearing, settlement, etc.), including the issuance of legal opinions for the account of the banks
■ The firm has advised a global custodian on the review, drafting and negotiation of its collateral management services arrangements.
■ The firm has recently assisted several entities in their implementation of the new French anti-bribery regime.
■ The firm currently assists several entities in obtaining relevant authorisations with the French regulator to operate as investment firms, payment institutions and electronic money institutions

Investigation, Enforcement & Litigation:
Spitz Poulle Kannan’s lawyers have significant experience in dealing with a wide variety of regulatory disputes — from conducting internal investigations and helping clients manage their existing and future regulatory risks through to responding to investigations and enforcement actions initiated by the French and European regulators (AMF, ACPR and ECB). The firm also represents clients on banking and financial services litigation before French civil and commercial courts.
Recent Experiences:
■ The firm has represented several French financial institutions in relation to enforcement controls and investigations carried out by the ACPR and the AMF
■ The firm has represented a leading UK broker dealer on disciplinary proceedings before the AMF Enforcement Commission
■ The firm represented a French investment firm before the Paris Commercial Court on a dispute relating to the marketing of financial products (mis-selling)
■ The firm is representing a leading UK broker dealer before French courts in relation to all their financial litigation with their clients
■ The firm is currently representing a leading German bank and Swiss banks before the Commercial Courts in relation to banking litigation with their clients (including civil enforcement proceeding)
■ The firm represented a French regulated company on disciplinary proceedings before the ACPR Enforcement Commission due to alleged breach of anti-money laundering and anti-terrorism financing procedures

Public Affairs:
Spitz Poulle Kannan regularly assists clients by monitoring and lobbying in the legislative and policy development fields through close contacts with French regulators, legislative decision-makers and prominent French industry associations. The firm also advises and assists clients on consultation papers or discussion papers issued by the French and European regulators (ACPR, AMF, ESMA and ECB) and legislative bodies relating to financial and banking services.

International Work:
The firm has wide experience in cross-border financial services and frequently advises international financial institutions, portfolio managers and insurance companies on French law regulatory matters. Spitz Poulle Kannan has established close ties with leading international financial services law firms around the world enabling the firm to offer its clients seamless multi-jurisdictional services.