CLIFFORD CHANCE

Comment: At the center of this highly recommended practice for banking and bank regulatory law is one of the most renowned German experts for regulatory issues in the financial sector, Dr. Marc Benzler. CC now fills any gaps in capacities with partners from related practices (e.g. debt finance, securities, tax and M&A) on a project basis. This division of activity has worked well up to now, as shown by major restructuring work for credit institutes and non-banks. But given the size of the regulatory teams at Freshfields and Linklaters, the CC practice seems understaffed.
Strengths: International team setup. Advice on the interface with capital markets.
Development potential: CC has the renown and international contacts to profit from a Brexit-driven boom in regulatory advice more than most other firms in Germany. But this requires a long-overdue rise in the headcount at all age levels.
Recommended: Dr. Marc Benzler.
Practice: Product-related advice, general advice on bank startups, stock exchanges, equity capital issues and ?M&A transactions. Advice to special credit institutes, ?insurers and public institutions. Various investment banks on outsourcing and offshoring. Also frequent banking litigation ( ?commercial litigation and liability). ?White collar crime and tax criminal law. (1 partner, 1 counsel, 4 associates)
Clients: ?? GE on setting up finance leasing company in Germany and France; expert opinion for Association of German Banks and various international associations regarding clearing and netting issues; RBS Deutschland on exiting business subject to authorization; various international banks on relocation and Brexit strategies; French bank on converting German subsidiary into branch and authorization retraction.
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