PwC Legal Luxembourg

Luxembourg Office

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Managing Partner: Cindy Arces
Executive Committee: Cindy Arces, Catherine Baflast, Marielle Stevenot
Partners/Principals: Cindy Arces, Catherine Baflast, Jean-Yves Lhommel, Saskia Myners, Audrey Rustichelli, Mathieu Scodellaro, Jean-Philippe Smeets, Marielle Stevenot
Number of partners/principals: 8
Number of other lawyers: 22
Languages: Dutch, English, French, German, Italian, Luxembourgish, Spanish

Firm Overview:
PwC Legal is an independent law firm registered to the Luxembourg Bar and member of the PwC network, as of December 2018. The firm is one of the most recognised business law firms in Luxembourg, providing both local and international clients with legal services. In order to best meet its clients’ expectations, the firm focuses on seven core practices. To deliver high value to its clients, the firm also relies on its support tax practice. The firm also provides to its client a multi- disciplinary approach on files involving lawyers from various practice areas working collaboratively to provide an integrated and complete service and execute the most advantageous business-oriented solutions. Furthermore, PwC Legal’s network of international contacts enables the firm to meet the full-service business needs of its clients and to handle large, complex local, national or cross-border cases.

The Firm’s Promise to Clients:
Reliability: PwC Legal particularly values its ability to deliver consistent services to its clients, on time and on budget.
Technical Expertise: PwC Legal is proud to have a team of lawyers with exceptional technical and human qualities. The firm’s highly specialised and multilingual lawyers have mainly gained their experience in international networks or leading local law firms and are experienced in handling complex national and cross-border legal issues.
Acting as a Business Partner: When advising clients, the lead partner will not only take into account the legal aspects of a client’s needs, but also ensure to have a comprehensive understanding of the client’s business and requirements. PwC Legal uses a multi-disciplinary and integrated approach between various departments and expertise. PwC Legal’s lawyers consider themselves as being not only legal advisors, but also true business partners.
Availability: Forging special relationships with clients has also been made possible by the implementation of a designated point of contact between a client and the firm and by the capacity of the lawyers to quickly answer and react to their clients’ needs in a pragmatic way.
This is why PwC Legal believes it truly is a different law firm in Luxembourg.

Main Areas of Practice:
■ Banking & Capital Markets, Securitisation Corporate, Structuring
■ Dispute Resolution & Litigation
■ Employment, Incentive Schemes & Pensions
■ Investment Funds
■ IP Tech, Data Protection
■ M&A, Private Equity, Real Estate

Corporate Structuring:
The type of corporate structures implemented varies greatly from one project to another and may for instance imply:
■ Setting up various types of companies (Luxembourg and foreign companies (limited liability, public limited and others), partnerships and branches, dual nationality companies)
■ Migration of entities to and from Luxembourg
■ Implementation of intra-group financing structures
■ International mergers
Contacts: Catherine Baflast, Jean-Yves Lhommel, Saskia Myners
Emails: [email protected], [email protected], [email protected]

M&A, Private Equity:
The M&A team advises and assists buyers, sellers and management teams on:
■ Due diligence on Luxembourg companies and coordination of due diligence abroad
■ Negotiation and drafting of letters of intent, confidentiality agreements, term sheets, shareholders agreements, articles of incorporation and mergers corporate documentation, shared and asset purchase agreements and any other corporate or contractual documentation necessary
■ Regulatory aspects; particularly for private equity clients
■ Financing structures such as negotiation of loan documentation, security package, legal opinions
■ Employment aspects including transfers of undertakings, stock options and other incentive plans The firm has experience in numerous sectors: holding companies, operational companies and professionals of the financial sector.
Contacts: Catherine Baflast, Saskia Myners, Jean-Philippe Smeets
Emails: [email protected], [email protected], [email protected]

The firm’s expertise covers:
■ Banking: Secured lending, leveraged finance, acquisition finance, asset finance, real estate finance, restructuring and insolvency, regulatory matters relating to the financial services industry)
■ Debt & Equity Capital Markets: Bond issues and debt issuance programs, Listing on the Luxembourg Stock Exchange, clearing and settlement, regulatory matters relating to the financial markets)
■ Securitisation & Structured Finance: Conventional and synthetic securitisation, asset-backed securities, repackaging, derivatives, securities lending)

The firm’s expertise covers:
■ Day-to-Day Employment Law: Employment and consultancy agreements, restrictive covenants, disciplinary procedures, dismissals and negotiation of settlements
■ Employee Incentive & Pension Scheme: Stock option plans, share option and any other incentive schemes with a multidisciplinary approach involving tax, corporate and regulatory aspects
■ Corporate Reorganisation & Restructuring Operations: Transfer of undertaking, collective dismissal procedures and negotiation of social plan
■ International Mobility: Expatriations, secondments and other cross-border employment situations
Contacts: Cindy Arces, Marielle Stevenot
Emails: [email protected], [email protected]

Investment Funds:
The investment funds team advises and assists fund managers, depositary banks, central administrations, board of directors and any fund industry stakeholders:
■ Product Life Cycle Management: From initial structuring, to day-to-day maintenance of the fund documentation up until special events that may impact the funds, such as restructurings or liquidations, covering the entire range of liquidity (from UCITS to exotic assets), whether the funds are regulated or not
■ Regulatory queries impacting the asset management industry be it related to the AIFMD, UCITS Directive, SFTR, Benchmark Regulation, PRIIPS...
■ Depositary Banks: impact assessment and implementation of new regulations
■ Set-up and strategic or regulatory restructurings of depositary banks and management companies
■ Regulatory investigations and sanctions for Luxembourg regulated entities and their service providers abroad
Contact: Mathieu Scodellaro
Email: [email protected]

Technologies & IP:
The firm’s expertise covers:
■ Data Protection: Personal data processing, data transfer, focus on the New General Data Protection Regulation
■ Information Technology: Contractual assistance, protection and licensing, outsourcing, security, regulatory
■ Internet & E-Commerce: Web sites, internet service providers, use of internet and email
■ Intellectual Property: Protection of IP rights, exploitation of IP rights, enforcement of IP rights
■ Media & Communications: Telecom, media, advertising
■ IP/IT Litigation: IP-related litigation, IP-related amicable settlements
Contact: Audrey Rustichelli
Email: [email protected]

Dispute Resolution:
The firm’s expertise covers:
■ Corporate: Shareholders and partnership disputes, director liabilities
■ Commercial: Contract law and disputes on contractual liability torts, breach of contracts, unfair competition, insolvency and bankruptcy proceedings, debt recovery and enforcement proceedings
■ Finance: Regulatory investigations and enforcement proceedings including negotiations with actors of the financial sector, bank’s liability including professional secrecy
■ Employment: Unfair dismissals, competition, discrimination and harassment disputes
■ Technologies & IP: Contractual and licensing disputes
Contacts: Cindy Arces, Marielle Stevenot
Emails: [email protected], [email protected]