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DLA Piper Boosts ADR Service in Luxembourg

ADR typically denotes a wide range of dispute resolution processes and techniques that parties can use to settle disputes, with the help of a third party. They are used for disagreeing parties who cannot come to an agreement short of litigation.

DLA Piper law firm provides a variety of services to our international business clients, driven by the increasingly global nature of their cross-border operations and investments.

DLA Piper work to ensure that their clients’ objectives are achieved within the framework of Luxembourg law and offer a range of business advice, ranging from fund structuring, banking, private equity, insurance, corporate, tax, intellectual property and technology and dispute resolution matters.

DLA Piper cover the financial services, real estate, technology, insurance, hospitality, infrastructure, energy and healthcare sectors.

Their clients include national and international companies as well as commercial and investment banks, private equity and other investment funds, investing across the full range of asset classes.

DLA Piper is delighted to announce the launch of a dedicated dispute resolution service offering in Luxembourg for its clients.

The practice will be led by Olivier Reisch with the day-to-day assistance of Amin Bouazza, fully dedicated to the practice, and the support of a task force of 8 cross practice Luxembourg-based experienced lawyers in tax, corporate, investment funds, capital markets, regulatory, insolvency and intellectual property and technology.

The Luxembourg office has had the expertise and ability to advise clients on dispute matters for some time but as a result of increasing client interest and increased activity the dedicated service has been formally established.

DLA Piper has the local knowledge to apply the regulatory, economic, political and cultural context to legal issues and regularly handles technically challenging and complex multi-jurisdictional matters.

In addition, its global reach allows it to provide clients with fully integrated teams within Luxembourg or wherever in the world advice and support is required.

DLA Piper Law Firm Announces Job Promotions in Luxembourg

DLA Piper law firm has offices in more than 40 countries throughout the Americas, Asia Pacific, Europe, Africa, and the Middle East.

DLA Piper is pleased to announce a new round of promotions in Luxembourg. Once again the range of practice areas in which we have promoted our lawyers demonstrates the continued commitment to grow our pool of talents, further strengthen our Luxembourg office and reflects the diversity of expertise and talents within DLA Piper Luxembourg.

Luxembourg is a small European country, surrounded by Belgium, France and Germany. It’s mostly rural, with dense Ardennes forest and nature parks in the north, rocky gorges of the Mullerthal region in the east and the Moselle river valley in the southeast.

The newly promoted lawyers, effective as of 1 May 2021, are:

  • Emre Akan (Senior Associate, Tax);
  • Bahya Bouharati (Senior Associate, Investment Funds);
  • Jordan Reinert (Senior Associate, Corporate);
  • Yann Zellet (Senior Associate, Finance and Projects).

DLA Piper’s Country Managing Partner in Luxembourg, Catherine Pogorzelski, commented: “I would like to congratulate Emre, Bahya, Jordan and Yann on their promotions and thank them for their hard work, dedication and for promoting a collaborative attitude which sits at the core of our purpose and values.

These promotions demonstrate our commitment to develop the capability of our people and help them fulfil their potential. We have ambitious plans for the future.

I look forward to further growing our team of dynamic and diverse lawyers with strong sector expertise and entrepreneurial mindset which are key to build sustainable partnerships with our clients and DLA Piper global network and create long-lasting value and impact.”

These promotions come in addition to the partner promotion of Caroline Pimpaud in Investment Funds practice.

Clifford Chance advises KKR on €1.5 billion bolt-on acquisition

Telxius has agreed to acquire, from Telefonica’s subsidiary in Germany (O2 Deutschland), circa 10,100 mobile sites in Germany for €1.5 billion. The deal also includes a built-to-suit undertaking by means of which Telxius will build 2,400 new sites in Germany in the next four years so that O2 Deutschland can rapidly scale its tower footprint to meet existing obligations with the German government.

The €1.5 billion consideration will be mainly funded by a capital increase of Telxius to be subscribed by its existing shareholders. In 2017, KKR acquired a 40% stake in Telxius, Telefónica’s global telecommunications infrastructure company. The Spanish telecom giant retains an indirect controlling stake in Telxius, through a partnership with Pontegadea (Amancio Ortega’s investment platform).

The Clifford Chance multijurisdictional team advising KKR was led from Madrid and Frankfurt by Corporate partners Javier Amantegui, Frederik Mühl and Samir Azzouzi and senior associate Jorge Martín Sainz, and included advising on: (i) Spanish law matters by Daniel García and Laura Geli, from Corporate; Rodrigo Uría and Juan Puras, from Finance; and Jaime Almenar and Octavio Canseco, from Regulatory; (ii) German law matters by Gerd Hegele, from Corporate; Dennis Blechinger and Amrei Fuder, from Real Estate; and Dimitri Slobodenjuk, from Regulatory; and (iii) Luxembourg law matters by Christian Kremer, Mélissa Kdyem and Nina Aymé, from Corporate; and Marc Mehlen, Veronika Kaszas and Tjasa Perger, from Finance.

Hogan Lovells advises Timberland Investment Resources Europe

Hogan Lovells has assisted Timberland Investment Resources Europe (TIR) in setting up its second investment vehicle in Luxembourg.

The firm helped TIR, one of the few private investment management firms that offers investment solutions in the forestry sector, to set up a Reserved Alternative Investment Fund (RAIF). The Hogan Lovells team advised on the initial structuring of the fund, including tax, through to the first closing of the fund, which occurred in January 2020 for circa EUR 75 million. The current target is to double this amount by the end of the year.

This fund is one of a few on both sides of the Atlantic investing in timberland and forestry assets.

This work shows the client’s continuous trust in Hogan Lovells. The firm previously advised TIR on the launch of their first Luxembourg fund (TIR Europe Forestry Fund) in 2016.

The Hogan Lovells Luxembourg team was led by Pierre Reuter (partner) and included Simon Recher (associate), Mathilde Soetens (trainee), with support from the London team led by Erik Jamieson (partner) and Ollie Phillips (associate). On the tax side, the team included Gérard Neiens (partner), Jean-Philippe Monmousseau (counsel), Pierre-Luc Wolff (senior associate), and Grâce Mfuakiadi (associate).