HENGELER MUELLER

Comment: A leading bank regulatory law practice which is often involved in top-flight instructions and boasts broadly specialized partners and close ties to the transaction practice. The team frequently operates on the interface between banking and corporate/M&A, e.g. in the Opel takeover by PSA. HM is also busy with internal investigations in financial institutes. Advice on the Single Supervisory Mechanism (SSM) features heavily in work, e.g. related to winding up banks. Brexit-related activity, incl. establishing subsidiaries in Germany or outsourcing functions to London, is significant. US and Asian clients are playing a greater role in this context. Measures by the SRB in Brussels and German settlement authorities led to much advisory work. Fintech clients are increasingly attractive for HM due to their growing size: the firm advised an investor in the financing round for a fintech startup.
Strengths: Product-specific regulatory. Coordination of large restructuring projects and transactions.
Recommended: Dr. Thomas Paul (“brilliant, quick, sharp economic perspective on legal issues”, client), Dr. Sven Schneider, Dr. Dirk Bliesener, Dr. Alexander Rang.
Practice: Highly specialized product advice, often within risk shields. Also transactional and genuine regulatory work. Frequent advice on ?insolvency and restructuring. Litigation for banks ( ?commercial litigation and liability), interfaces with public law and ?state aid law, compliance and internal investigations. Cooperation with foreign best-friend firms and own office in Shanghai. (12 partners, 1 counsel, plus associates)
Clients: ?? Banque PSA Finance and BNP Paribas on setting up JV for acquisition of GM Financial’s European activities; Credit Suisse on setting up Credit Suisse (Switzerland); GCA Savvian Corporation on merger with Altium Corporate Finance Group; Group BPCE on majority acquisition of Fidor Bank; State Street Bank International on acquiring business operations of Dealis Fund Operations.
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