Luxembourg

Reviews

Practice area

IFLR1000 Reviews

Overview

Solicitors governing body: Barreau de Luxembourg

Competition authority: Conseil de la Concurrence Grand Duché de Luxembourg

Financial regulator: Commission de Surveillance du Secteur FinancierCommissariat aux Assurances

IFLR1000 ranking categories for this jurisdiction:

Financial and corporate (published October) – Financial and corporate, Investment funds

Jurisdiction overview

A civil law society, Luxembourg is the world’s last remaining Grand Duchy and operates under a constitutional monarchy. It has one of the highest levels of GDP per capita in the world, second only to Qatar, and is regarded as a very highly developed nation by the UN.

A worldwide financial centre, Luxembourg is renowned as one the leading global hubs for holding companies and funds. Indeed, it is second only to the United States in terms of numbers of investment funds registered. It is also the most important private banking centre in the Eurozone and Europe's leading centre for reinsurance companies. In addition to the financial sector, the country also maintains a robust steel industry and has a strong reputation as a telecommunications hub.

The legal market is a mixed bag, with domestic and international firms both maintaining a strong presence. Large scale and complex matters are dealt with equally by the global and leading local practices, with some domestic firms considered to be among the very best for high-end work. The rest of the market is largely made up either of domestic or regional practices or international firms that maintain a small footprint in the jurisdiction but would cover most work there from an office in London or other European financial centre.

Individual practices tend to be relatively focused, given the refined nature of the market, with specialised corporate and M&A, banking, capital markets and fund lawyers commonplace. There are also some legal professionals who maintain an even more specific practice, looking at things like securitisation and Islamic finance in particular.

There are few strict rules around who can practice law, with EU citizenship being the only precursor to gaining a qualification. There are no restrictions on the activities of foreign law firms – other than registering with the Luxembourg Bar. There are also no restrictions for EU-registered lawyers to practice, except in relation to appearing in court where they must either be registered or act in concert with a registered lawyer. However, the provision of temporary services by a lawyer from a non-EU member state is forbidden in Luxembourg.

Jonathan Moore - Journalist - EMEA

Financial and corporate
AKD

The Luxembourg office of Dutch firm AKD works on a wide range of financial and corporate matters. Private equity is a specialism.

Alongside its other offices in the Benelux region, the firm provides advice on matters including company law, financing and investment funds.

Notable staffing changes during the research period saw the arrivals of corporate partners Edouard d’Anterroches and Victorien Hemery from Arendt & Medernach.

Clients of the firm include private equity houses Battery Capital, Bridgepoint and NEO Investment Partners.

Client feedback

“Very strong tax technical capability. Creative – more so than compared with other Benelux firms. Fast to respond.” – Investment funds

Allen & Overy

The Luxembourg office of magic circle firm Allen & Overy is recognised as one of the leading names in the market across the board. The firm regularly advises financial institutions on matters including acquisition financing, syndicated lending and bond issuances.

In the financial and corporate space, its work is evenly split between banking and finance matters and M&A deals, where it has acted on sectors including financial services, insurance and retail. A clear highlight saw the firm advise ABN Amro as seller on the acquisition by Luxembourgian banking group BGL BNP Paribas of all the outstanding shares in the Luxembourg branch of ABN Amro.

Its funds practice covers a range of matters with UCITS and real estate funds making up the bulk of the work. In this space, the firm has notably assisted the European Investment Fund on the establishment of the China-EU co-investment fund in Luxembourg, and the International Finance Corporation (IFC) on creating the Green Cornerstone Bond Fund, which will buy green bonds issued by banks in developing countries.

There were a couple of departures from the team this year. This included corporate counsels Christophe Balthazard and Vincent Naveaux joining the new White & Case office in Luxembourg as partners. Likewise, counsel Richard Ledain Santiago left to join the new Fieldfisher office as partner. M&A specialist and head of the China desk, Shaohui Zhang, also departed for Dentons.

Among the firm’s key clients are international banking groups such as Deutsche Bank, Nordea and UBS.

Client feedback

“The Luxembourg structure is very professional and provides an excellent service very close to the business. They have had a very 'hands on' approach on the various discussions we have had in the past.” – Banking, M&A

"Very client-driven approach from junior associate to partner level. Regular updates on new tendencies in the market, as well as fee updates. Strong technical skills. Very available - just a phone call away at any time of the day. Ready to innovate and re-assess processes to keep fees down and enhance turn-arounds.” – Banking, project finance

“Excellent technical legal knowledge and knowledge of the Luxembourg investment funds market. Good knowledge of internal processes.” – Investment funds

“Deep background in financial services business practices and regulatory compliance; they were very useful for us in our license application. Highly responsive and professional. We worked with a team with skilled communicators.” – Project development

Arendt & Medernach

Arendt & Medernach is one of the strongest firms in the Luxembourg market across the financial and corporate space and regularly works on the market’s most high-profile deals.

The firm operates almost exclusively on the lender side for banking and finance matters. A clear highlight saw the firm advise Bank of America Merrill Lynch and JPMorgan as lead arrangers and Situs Asset Management as a facility agent and security agent in connection with a bridge loan facility to finance an acquisition by a large investment firm of a pan-European real estate portfolio.

The investment funds team has been active in creating UCITS and other new funds during the research period. Highlights include advising Amundi on the largest green bond fund to date and advising Northern Trust on Brexit issues.

Corporate partners Edouard d’Anterroches and Victorien Hemery left to join AKD’s Luxembourg office. Investment funds counsel Beatrice Boulord departed to join Bonn Steichen & Partners.

Key clients for the firm include banking groups such as Citibank, Gazprombank and UBS.

Client feedback

“Excellent technical knowledge and always delivers results despite stringent deadlines.” – Investment funds

“Very client-oriented, high level of professional advice. Very good timing.” – Investment funds

“One of the leading law firms in Luxembourg. Very good availability of partners, who are in charge of the client relationships. Excellent for funds' prospectus review and improvement.” – Investment funds, project finance

“Excellent work, very professional, short response time, comprehensive analyses and has a polite way to communicate.” – Investment funds, restructuring and insolvency

Francis Kass

“Broad knowledge of setting up a fund structure. Able to answer all questions in with respect. Very friendly.”

Mélanie Martin

“Very good availability and reactivity. Good knowledge of the fund industry.”

Henning Schwabe

“High level of professional advice. Good client focus. Very good delivery time.”

Baker McKenzie

The Luxembourg office of international firm Baker McKenzie is recognised for its acquisition finance work. Real estate matters have been particularly prominent recently in both the financial and corporate and investment funds areas. 

One of the more notable matters that the financial and corporate team worked on during the research period saw it advise ING Bank on the Luxembourg elements of financing the acquisition of the Sony Centre in Berlin. A further standout matter saw the firm assist Invesco Real Estate Management on restructuring one of its largest open-ended funds.

In the investment funds space, the firm has a strength on matters involving the real estate sector. That has recently seen it advising a range of international asset managers in connection with the setting up of various funds. A notable example saw it assist Black Toro Capital with the creation and launch of its third Luxembourg master investment vehicle.

During the research period, the firm hired banking and real estate specialist Jean-Francois Trapp from MNKS.

Key clients of the firm include Actera, Aramark and BNP Paribas Real Estate.

Client feedback

“We have been using the firm for the creation of our fund in Luxembourg and found the advice very useful in terms of tax structure, regulatory and corporate work. The team brought very practical solutions in a very short time with very accurate drafting.” – Banking, investment funds, M&A

“Excellent balance between flexibility and professionalism.” – Investment funds, M&A

Bonn & Schmitt

Domestic firm Bonn & Schmitt has strengths in M&A and finance work in Luxembourg. The firm has been most active during the research period in the real estate sector, and in the banking and capital markets area. 

The firm regularly collaborated with EQT in the research period and represented it on the acquisition of a multi-purpose office property in Paris, the acquisition of the Atricom building in Frankfurt, and the IPO of the Finnish private healthcare company, Terveystalo.

In the funds space, the firm has been active on a wide range of investment vehicles, with the creation of UCITS making up the bulk of the work. In this area, the firm represented clients including BG Selection and Fideuram on such matters.

During the research period, the firm brought in partner Jeannette Vaude-Perrin from Dentons to the investment funds team. Senior counsel Corinne Phillippe departed after a 31 year stay at the firm.

Some of the firm’s more notable recent clients include Capvis, China Three Gorges Corporation and Euromobiliare.

Client feedback

“Rigorous, client-focused advice, which we know we can always rely on. We really value the partner attention.” – Capital markets, investment funds

Alex Schmitt

"Rigorous, client-focused advice, which we know we can always rely on."

Armel Waisse

"Reliable, and good valued service."

Bonn Steichen & Partners

Bonn Steichen & Partners has picked up notable work in banking, M&A and investment funds.

In the financial and corporate space, the firm has excelled within the private equity sector, where it has regularly worked on the buy side for Advent International. Among other purchases, the firm assisted the private equity house on the acquisitions of Danish food packaging company Færch Plast, marketing services provider Williams Lea Tag, and information technology firm, GMD.

The investment funds team has acted on the launch and the merger of a number of different funds, with real estate being a particular area of focus.

During the research period, the firm added private equity counsel Beatrice Boulord from Arendt & Medernach. A further arrival in the investment funds team saw counsel Isabel Hog-Jensen join from the Association of the Luxembourg Fund Industry.

Among the firm’s stand-out clients are Apax Partners, Bain Capital and Tell Group.

Client feedback

“Strengths: excellent quality, rapid, cheap.” – Banking, investment funds

Brucher Thieltgen & Partners

The team at Brucher Thieltgen & Partners is best known for its banking and finance work.

Within the financial and corporate area, the firm typically acts on transactional and regulatory work for international and domestic banks.

During the research period, the firm added independent counsel Ferenc Ballegeer to its banking and finance team.

Clifford Chance

Clifford Chance’s Luxembourg office is strong and experienced in all types of financial and corporate transactions. In particular the team is recognised for its expertise in banking, M&A and capital markets. 

One of the stand-out matters that the financial and corporate team acted on during the research period, saw it advise the European Investment Bank (EIB) in relation to a loan agreement with Evotec for drug discovery research and development. Another notable mandate saw it advise Goldman Sachs in relation to setting up a secured financing framework for ArcelorMittal.

The funds team is particularly strong in alternative funds, and also has a strength when it comes to cross-border matters. Clear highlights include setting up and structuring funds for the likes of Peakside Capital and PO Participations, the Luxembourg AIFM of Rothschild & Co.

Notable departures during the research period saw private equity specialist Arne Bolch move to GSK Stockmann, and M&A partner Augustin de Longeaux join Molitor.

Some of the firm’s key clients include Barclays Bank, China Investment Corporation and the European Investment Fund.

Client feedback

“Professional, efficient, good interface.” – Banking, investment funds, M&A

Dentons

International firm Dentons has a strong practice in Luxembourg, with a lot of its work focusing on M&A matters. The firm also has expertise advising on refinancing and securitisation transactions.

In the financial and corporate space, one of the more notable matters that the team acted on saw it advising Samsonite International on the Luxembourg aspects of the refinancing of its senior credit facilities through an issuance of senior notes. On a further multi-jurisdictional matter, the team advised Societe Generale and HSBC Bank on its investment in Generator Hostels.

The investment funds team regularly acts for both banks and financial institutions on a range of different vehicles. In recent times, the team has provided advice on a number of financial regulatory matters including MiFID II.

During the research period, the firm welcomed M&A specialist Shaohui Zhang from Allen & Overy. Going the other way, investment funds partner Jeannette Vaude-Perrin moved to join Bonn & Schmitt.

Some of the key clients that the firm works with include Crédit Agricole, Deutsche Postbank and Silicon Valley Bank.

DLA Piper Luxembourg

The Luxembourg office of international firm DLA Piper has strengths in areas including banking, capital markets and M&A, and often acts on local elements of cross-border matters.

A clear M&A highlight saw the firm advise UBI Banca in connection with the acquisition of its Luxembourg-based private banking activities by EFG International. A further cross-border matter saw the banking team provide advice on Luxembourg elements to Norddeutsche Landesbank Girozentrale in concern of the project financing of a 46.8MW wind farm site in Sweden.

In the investment funds area, the firm advised on the structuring, implementing and launch of investment fund schemes for a number of clients, including the Korea Investment Corporation, IVO Capital and Rothschild & Co.

The firm added former Luther partner Laurent Massinon to its finance team during the research period.

Some of the firm’s other clients include Discovery, the European Bank for Reconstruction and Development (EBRD) and Lone Star Capital.

Client feedback

“Extensive network and very responsive.” – Banking

“Very good service and short reply time.” – Investment funds

DSM

The team at DSM Avocats à la Cour has an expertise in the banking area, where it advises on a wide range of financial transactions governed by Luxembourg law. The firm generally advises both lenders and borrowers from the financial sectors.

The firm’s clients are a mix of international banks, wholesale distributors and high net worth individuals.

Elvinger Hoss Prussen

One of the leading domestic firms in Luxembourg, Elvinger Hoss Prussen continues to serve as one of the most prominent teams across all practice areas. 

In the financial and corporate area, the firm has a broad practice, covering some of the largest mandates in the country for lending, restructuring, capital markets and M&A work. A clear highlight involved providing advice on local elements for Cinven’s acquisition of Chryso.

The funds team also ranks among the strongest available in the jurisdiction, and regularly advises financial institutions on a range of different investment vehicles. Notably, the firm is representing Jupiter Asset Management on the structuring and establishment of a larger Luxembourg branch post-Brexit.

Key clients for the team include Belron, private equity house Hellman & Friedman and the M&G Investment Fund.

In December 2017, the firm entered into an exclusivity agreement to set up a new office in New York, with former Allen & Overy counsel, Nicolas Fermaud, recruited to head the US office.

Client feedback

“Very professional team with a deep knowledge of our business and how we operate.” – Banking, project finance

“Solid knowledge of the legal framework and environment. Robust track record.” – Capital markets

“Very proactive team. They find practical solutions to the various transactions and advise us to implement what has been decided.” – Capital markets, M&A

“Strengths: excellent knowledge of Luxembourg law and international transactions. Deeply integrated in the Luxembourg's legislative and regulatory family with very good network to all major players.” – Investment funds

“The firm always provided high-quality work through a transparent and communicative process. The firm was quick to react to any ad-hoc requests and was a good and reliable partner.” – M&A, project development

“Strengths: very good communication skills with ministry, very professional, very reactive and very good in real estate and business law.” – Project finance

Elisabeth Adam

"Very professional lawyer with deep knowledge".

André Hoffmann

"Strengths: very good communication skills with ministry, very professional, very reactive."

Toinon Hoss

"Flawless. Practical." 

Namik Ramic

"Very good communication skills and knowledge of the private equity environment. Always finds innovative solutions, works hard to meet the deadlines."

Patrick Santer

"Always available on relatively short notice. He quickly understood the issues and provided clear advice, with consistent follow-up. He is articulate and is excellent at communicating in English, French and German."

GSK Stockmann

GSK Stockmann is recognised for its strength in M&A and private equity work. Its client base largely includes financial services groups and real estate companies.

One of the standout matters for the financial and corporate group saw the team work alongside its German office on advising AXA Investment and Norges Bank for the sale of the office building SZ Tower in Munich. In the capital markets area, the firm helped set up bond programmes for the likes of Deutsche Finance and Polish real estate developer, Victoria Dom.

In the funds space, the team recently acted for MK LuxInvest in connection with the merger of its fund with another fund managed by Oppenheim Asset Management.

During the research period, the firm added private equity partner Arne Bolch from Clifford Chance.

Aroundtown, China Merchants Bank and Sivantos are among the firm’s most important clients.

Client feedback

“Great, efficient service.” – Capital markets

“Highly professional and experienced lawyers, flexible in timing, good corporation with offices in other jurisdictions.” – Investment funds

Arne Bolch

“Very supportive and experienced, good in interaction with various parties.” 

Andreas Heinzmann

“Highly experienced legal adviser.” 

Anna Lindner

“Someone who is a very good fit with our work.” 

Philipp Moessner

“Highly committed, always friendly, calm and on top of things. Always accessible.” 

Hogan Lovells

Banking and finance and M&A work are clear strengths of international firm Hogan Lovells in Luxembourg. In terms of sectors covered, it advises a wide range of clients across an array of industries including aviation, financial services and telecommunications.

A clear highlight for the team involved advising Luxembourgian company, M&G European Property Fund, on the Luxembourg corporate aspects of the acquisition, funding and construction of an office building in Dusseldorf. A further key deal saw the firm act as the local legal advisers to the European Investment Bank (EIB), in connection with its entry into a Luxembourg law governed pledge with a Dutch bank. In a capital markets matter, the firm represented the issuer, Norddeutsche Landesbank, on its debt issuance programme update.

One notable departure during the research period saw corporate counsel Thierry Somma move on to a partner role at Simmons & Simmons.

Some of the firm’s most important clients include Hilton, L’Occitane and Swissport.

Client feedback

“Client-focused. They make a big effort to understand the client's business offering tailored solutions.” – Banking, investment funds, M&A

“Knowledgeable. Straight to the point. Business minded.” – Banking, M&A

“Strengths: client-oriented, personal, pragmatic and cost sensitive - unusual for big law firms.” – Investment funds

“The main strengths is that you have direct access to the partner working on the file. Moreover, if you need advice in another jurisdiction where you are doing business, this is an advantage when working with an international firm.” – Project finance

Kleyr Grasso

The team at Kleyr Grasso is recognised for its strengths in M&A and investment funds work. In those areas it is regularly engaged by hedge funds, insurance companies and private equity houses on mandates.

In the financial and corporate space, the firm’s work largely revolves around advising those clients on a range of investments and regulatory matters. In a notable mandate, the firm assisted Sealed Air Corporation in relation with the sale of its Diversey Care division by advising on Luxembourg elements.

Similarly, the investment funds team focuses on handling the inward investments of those clients into a variety of Luxembourg-registered vehicles. In this space, a clear highlight saw the firm advise Corestate Capital Holding in setting up an Alternative Investment Fund and the acquisition of a property by that fund in Seville.

Notable staffing changes during the research period include the arrival of corporate counsel Renata Jokubauskaite from Jeantet, Going the other way, investment funds counsel Ulrike Jacquin-Becker departed to take up a role with Weideme Van Tol.

Among the firm’s key clients are Blackstone, GSO Capital Partners and TA Associates.

Client feedback

“Second tier legal company, which provides top quality services in investment structures.” – Investment funds

“Very customer-oriented firm. I have over one year of experience working with the firm and have found well-prepared professionals with a customer-focused approach.” – M&A

Linari Law Firm

Linari Law Firm is recognised in the Luxembourg market for its work in the debt capital markets area, particularly within securitisation. In terms of client base, the firm largely advises financial services groups.

In the financial and corporate space, the standout work of the firm includes a number of restructurings and securitisation transactions. 

The investment funds team focuses on providing strategic advice in launching and structuring investment funds.

Client feedback

“Linari demonstrates competence and experience.” – Investment funds

“Strengths: pragmatic, efficient, capable of seeing the big picture, hands on approach. Very competent.” – Investment funds

“They quickly understand the client's needs and give appropriate feedback.” – Investment funds

Aleksejs Ketovs

“Always available to discuss with the client and understands their needs.”

“Well trained, clear advice.”

Vincent Linari-Pierron

“Competent and experienced.”

“He is an excellent strategist and has the in-depth knowledge of the investment funds industry, enabling him to give effective advice promptly.”

Luther

The Luxembourg office of German firm Luther has a strong presence in the M&A space. Its work also covers areas including banking, capital markets and private equity.

One example of the work of the financial and corporate team sees it acting for Altice Group on the structuring and implementation of the acquisition of Teads, an online video advertising marketplace. The firm also provided advice for Altice Group in the context of the Altice USA IPO.

In the investment funds space, the firm advised the likes of ABN Amro, Square Asset Management and Sustainable Growth Management on issues including setting up funds and reviewing prospectuses.

The most prominent change to the team this year saw the departure of partner Laurent Massinon to DLA Piper. Investment funds counsel, Julie Thai, also moved in-house to work with Fidelity International.

Clients of the firm include Carlyle Group, ECE Group and Sun Capital.

Client feedback

“Outstanding.” – Banking

“We used the services of Luther several times for our private and corporate clients. They are highly responsive. They are highly qualified and are able to quickly understand the client's needs and expectations. They have a pragmatic approach which is highly appreciated by the clients.” – Banking, capital markets, M&A

“Strengths: accuracy of partner's advice, pragmatic approach, reasonable fixed fee, partner's availability.” – Banking, investment funds

“Work was performed timely, in a very responsive manner, with a full understanding of the needs (including the commercial ones). Partners have a real hands-on approach, are on the deal and bring with them an expertise that goes well beyond their key scope of expertise.” – Capital markets, investment funds, M&A

“Quality answers and advice. Efficiency, flexibility and high understanding of our constraints. Good level of availability. Level of fees is in accordance with the work provided.” – Project finance

Euryale Didillon

“Responsive and efficient.”

Aurélien Latouche

“Very good understanding of the problems. Strong commitment to deliver adequate and proper advice.”

Mathieu Laurent

“He is a very accessible lawyer. He is focused on client satisfaction. He has a very good understanding of the clients' issues.”

“He is commercially astute, very responsive, pragmatic and highly knowledgeable. Communication is extremely smooth. As I have worked with him for now quite a few years, he anticipates our needs.”

Eric Sublon

“Outstanding expertise yet pragmatic approach.”

Molitor Avocats à la Cour

Molitor is recognised for its regulatory work in the Luxembourg market, regularly advising a range of international clients on the Luxembourg aspects of transactions. 

The financial and corporate team has worked across a range of sectors, most notably banking, real estate and technology in the recent past.

During the research period, the firm added former Clifford Chance partner Augustin de Longeaux to its M&A team. Former CMS partner Claude Feyereisen also joined the same team.

NautaDutilh

Regional Benelux firm NautaDutilh is most recognised for its securitisation, restructuring and M&A work in Luxembourg. It delivers this to a range of clients in sectors including financial services, energy, real estate and retail.

In the banking space, a clear highlight saw the firm assist a syndicate of international banks in connection with the financing (by facilities and bond issuances) of Lone Star Fund’s acquisition of the building materials supplier Stark Group from Ferguson. In a further notable capital markets mandate, the team advised the underwriters on the IPO of Polish mobile network, Play, on the Warsaw Stock Exchange.

In the investment funds space, the firm assisted the likes of AnaCap Financial Partners, Lonza Group and Silverfleet Capital on a range of fund-related matters.

Some of the key clients the team has worked with recently include the European Investment Bank (EIB), JPMorgan and Wells Fargo.

Ogier

International offshore specialists Ogier spreads its work fairly evenly between banking and finance, M&A and funds work in Luxembourg. Asset fund finance, real estate and private equity are key areas for the firm.

In the financial and corporate space, the team works with significant international partners, advising on the Luxembourg aspects on a number of matters including acquisitions and financial regulatory work. The firm also has experience acting on restructuring and insolvency work within the jurisdiction.

The funds team, similarly, advises clients on the Luxembourg aspects of its transactions, including real estate funds and securitisation work.

During the research period, the firm were strengthened by the arrival of Frédéric Pilorget, a counsel specialising in corporate transactions and German matters.

Client feedback

“Good and responsive team.” – Banking, capital markets, investment funds

“We work closely with Ogier's Luxembourg banking team on funds financings. Their main strength is that they are knowledgeable yet pragmatic in the advice they provide. It feels like they are working alongside us as a partner to deliver a great service for the client, rather than just responding to our queries (though they do that as well).” – Banking, investment funds

“Very responsive team and valuable advice.” – Banking, investment funds

“In my opinion, the best firm in Luxembourg for finance work. They are bright, commercial, very responsive and very reasonably priced. They will actually take the time to understand the transaction, come up with a sensible fee quote and then deliver to the - often tight - timetable.” – Investment funds, project finance

“Very strong. I find the team to be responsive and commercial in their advice and management of matters.” – Project finance

PwC Legal

MNKS is recognised in the Luxembourg market for its M&A work, though it does have credible banking and private equity practices too. Finance, investments and capital markets make up a significant portion of its work.

Recent work highlights for the financial and corporate team include a range of different matters such as acquisitions, financings and assistance on bond issuances. Notably, the firm assisted a buyer on the financing and acquisition of a freehold property for new offices in the UK.

The private equity team regularly acts for investment funds interested in areas including real estate, retail and technology.

During the research period, the firm lost banking partner Jean-Francois Trapp to Baker McKenzie.

Client feedback

“Client-oriented. Easy access to the partner, who is actively involved in providing legal advice. Highlighted the risks, suggested how to avoid them and how to remedy the situation.” – Banking, capital markets

“Quick to respond and thorough.” – Capital markets

“The team always know the answers to our questions, immediately. The advice is legally flawless, quick and commercially sound. We use them as correspondent law firm and trust them fully.” – Capital markets

“The team deliver high quality work in time and are very responsive.” – Capital markets

Stibbe

Benelux firm Stibbe is known in Luxembourg for the strength of its financial and corporate practice. Industry sectors that the firm has worked in over the research period include energy, insurance and real estate.

One of the more significant matters that the M&A team advised on during the research period involved giving advice to Genuine Parts Company in connection with its acquisition of Alliance Automotive Group (AAG) from private equity funds managed by Blackstone and AAG’s co-founder.

In the funds space, the firm notably acted for Althelia Group in the context of the staged acquisition by Mirova Asset Management and Natixis of the Althelia fund management business.

The firm added counsel Olivier Wuidar to its investment funds team following his departure from the European Investment Fund.

Key clients of the firm include B&S Group, Belron and private equity firm, KKR.

Vandenbulke

The team at Vandenbulke is known for its focus on corporate finance issues. Energy and real estate matters have been particularly prominent recently, along with banking work.

In the financial and corporate space, the firm advises a range of clients including banks, investment groups and insurance funds.

The investment funds team focuses on providing strategic regulatory advice to a variety of fund structures. The firm also contributes towards designing and legally monitoring various funds, especially in concern of alternative investment funds.

Client feedback

“They provide very good and pragmatic advice.” – Banking

“Vandenbulke delivers highly competent legal advice and aims to find pragmatic solutions to any problem along the road. The individuals working at Vandenbulke are very committed and personally involved. They are always up to date in the matters they are involved in and very responsive. Their legal skills and personal savvy make working with Vandenbulke a pleasure.” – Banking, capital markets, project finance

“Efficient, reliable, cost-effective, good partner involvement, responsive, friendly, effective.” – Banking, project finance, restructuring and insolvency

“I have been working with Vandenbulke for some time now and I have been very happy with their services. The partners are easily reachable (very important for lawyers) and always professional and quick to answer. Other law firms should take example on Vandenbulke's client relationship standards.” – Investment funds

“I appreciated their responsiveness and helpfulness. The billing was transparent. All in all, I'd work with them again.” – Project finance

“I do 10-15 cross border deals with Luxembourg SPVs every year, so I need a reliable law firm that provides the required Luxembourgian law in an efficient and expedient manner. Vandenbulke ticks all these boxes.” – Project finance

Thomas Bedos

“Rigorous, organised, professional.”

Peter-Jan Bossuyt

“Very good country knowledge.”

“Very good lawyer, very responsive and pragmatic. A pleasure to work with.”

Laurence Jacques

“Always precise and concise legal advice provided. Extremely friendly and personally engaged in the matters she is responsible for. Pragmatic solution provider with a good commercial understanding of the underlying transactions.”

“Efficient, reliable, cost-effective”

“Very responsive and efficient.”

Wildgen

Domestic firm Wildgen is active across the financial and corporate space and has expertise in funds work. During the research period, the firm has also been involved in banking, capital markets and restructuring mandates.

The firm’s financial and corporate team is particularly active in the areas of acquisition financing, bank lending and structured finance transactions. In a notable deal, the firm represented an international bank on the acquisition of a Luxembourg bank, which is active in retail and private banking, in a rare purchase deal within the financial services sector. 

The investment funds team was also active on the setting up and liquidation of a range of different fund types, particularly on regulatory matters related to AIFMD and UCITS V.

Lending group 4finance, Natural Gas Partner and Schneider Electric are among clients that work with the firm.

Client feedback

“Strengths: expertise, responsive; available, solutions-oriented, soft skills.” – Banking, investment funds

“Competent, amiable, available.” – Banking, restructuring and insolvency

“Strengths: short communication lines; flexible; look for solutions.” – Banking, restructuring and insolvency

“Prompt and accurate outcomes with concrete solutions. Regular learn-at-lunch sessions organised by the law firm on current legal topics. Possibilities of networking. Respect of timing and fee quotes when delivering legal services. Responsive and reliable partners specialised in the Luxembourg fund industry.” – Investment funds

“Strengths: quality of advice provided; responsiveness; good knowledge of the fund industry; dedicated contact person coordinating with other specialists when necessary.” – Investment funds

François Brouxel

“Excellent.”

David Maria

“Competent, available, fast and to-the-point.”

Antonios Nezeritis

“Accessible and responsive. Extensive knowledge of the fund industry. Direct and clear.”

“Pragmatic when solving legal issues. Strong and broad knowledge of the Luxembourg Fund Industry and efficient network of key players. Accurate recommendations in advising the appropriate fund structure. Delivering concrete and realistic legal solutions. Excellent understanding of the client needs and prompt return with adequate solutions.”

Mevlüde-Aysun Tokbag

“She is an excellent lawyer, with very good communication, skill and high competences.”