12 September 2012
Clifford Chance actively involved in the guarantee extended by the State to Crédit Immobilier de France
On 1st September 2012, the Minister for the Economy and Finance announced that the State had decided to accede to the CIF Group's request to grant it a guarantee allowing it to meet all its undertakings.
This guarantee will be introduced subject to permission from the European Commission and Parliament.
The law firm Clifford Chance advised the Treasury: Mathieu Remy and Aline Cardin (Partners) and Justine Souchay for the corporate aspects corporate; Frédérick Lacroix (Partner) and Vincent Hatton (Counsel) with regard to banking and financial regulations and to structured-financing aspects; Michel Petite (Of Counsel) and Marie-Laure Combet as regards competition law; Reinhard Dammann (Partner) with regard to restructuring and Christian Lachèze (Of Counsel) for employment law.