Freshfields, Sullivan take the wheel on Daimler-Nissan-Renault tie-up
Freshfields Bruckhaus Deringer and Sullivan & Cromwell have advised on a joint venture between Daimler, Nissan and Renault that will see the automakers team up to develop a new wave of energy-efficient cars. The agreement will see the German, Japanese and French car manufacturers take stakes in each other to share technologies and build smaller, electric-powered vehicles.
April 08, 2010 at 06:18 AM
2 minute read
Freshfields Bruckhaus Deringer and Sullivan & Cromwell have advised on a joint venture between Daimler, Nissan and Renault that will see the automakers team up to develop a new wave of energy-efficient cars.
The agreement will see the German, Japanese and French car manufacturers take stakes in each other to share technologies and build smaller, electric-powered vehicles.
Freshfields took a role for regular client Daimler on its acquisition of a 3.1% stake in Renault-Nissan, with the French and Japanese companies each taking a 1.55% stake in the German car giant.
The Renault-Nissan alliance, established in 1999, sees the two companies linked by cross-shareholdings while retaining their own brand identity.
Freshfields' cross-border team was headed up by Frankfurt-based corporate and finance partner Christoph Gleske alongside Frankfurt corporate partners Christian Decher and Andreas Koenig.
The magic circle firm's Tokyo office fielded a team including corporate partners Takeshi Nakao and Edward Cole, while in Paris, corporate partner Fabrice Cohen and counsel Patrick Tardivy took central roles.
Sullivan advised Renault with a team led by Paris-based corporate partners Gauthier Blanluet, Richard Vilanova and Olivier de Vilmorin, alongside Frankfurt-based corporate partners Wolfgang Feuring and Carsten Berrar and corporate partner Garth Bray in Tokyo. London partner Juan Rodriguez provided antitrust advice.
Japanese firm Nishimura & Asahi advised Nissan.
Freshfields also advised Daimler on last year's sale of a $2.7bn (£1.9bn) stake to Middle East investors, a deal which also generated roles for US firms Skadden Arps Slate Meagher & Flom and Shearman & Sterling, both of which have longstanding relationships with the German car giant.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View All
As American Firms Retreat, Will Loyal UK Firms Regain Asia Market Share?
‘The US Market Is Critical’: KPMG’s Former Head of Global Legal Services On the Big Four Firm’s Legal Arm Entering the US
6 minute read
Singapore Litigators Shift Competitive Landscape as Another Senior Duo Sets Up Own Shop
Will a Market Dominated by Small- to Mid-Cap Deals Give Rise to This Dark Horse US Firm in China?
Trending Stories
Who Got The Work
J. Brugh Lower of Gibbons has entered an appearance for industrial equipment supplier Devco Corporation in a pending trademark infringement lawsuit. The suit, accusing the defendant of selling knock-off Graco products, was filed Dec. 18 in New Jersey District Court by Rivkin Radler on behalf of Graco Inc. and Graco Minnesota. The case, assigned to U.S. District Judge Zahid N. Quraishi, is 3:24-cv-11294, Graco Inc. et al v. Devco Corporation.
Who Got The Work
Rebecca Maller-Stein and Kent A. Yalowitz of Arnold & Porter Kaye Scholer have entered their appearances for Hanaco Venture Capital and its executives, Lior Prosor and David Frankel, in a pending securities lawsuit. The action, filed on Dec. 24 in New York Southern District Court by Zell, Aron & Co. on behalf of Goldeneye Advisors, accuses the defendants of negligently and fraudulently managing the plaintiff's $1 million investment. The case, assigned to U.S. District Judge Vernon S. Broderick, is 1:24-cv-09918, Goldeneye Advisors, LLC v. Hanaco Venture Capital, Ltd. et al.
Who Got The Work
Attorneys from A&O Shearman has stepped in as defense counsel for Toronto-Dominion Bank and other defendants in a pending securities class action. The suit, filed Dec. 11 in New York Southern District Court by Bleichmar Fonti & Auld, accuses the defendants of concealing the bank's 'pervasive' deficiencies in regards to its compliance with the Bank Secrecy Act and the quality of its anti-money laundering controls. The case, assigned to U.S. District Judge Arun Subramanian, is 1:24-cv-09445, Gonzalez v. The Toronto-Dominion Bank et al.
Who Got The Work
Crown Castle International, a Pennsylvania company providing shared communications infrastructure, has turned to Luke D. Wolf of Gordon Rees Scully Mansukhani to fend off a pending breach-of-contract lawsuit. The court action, filed Nov. 25 in Michigan Eastern District Court by Hooper Hathaway PC on behalf of The Town Residences LLC, accuses Crown Castle of failing to transfer approximately $30,000 in utility payments from T-Mobile in breach of a roof-top lease and assignment agreement. The case, assigned to U.S. District Judge Susan K. Declercq, is 2:24-cv-13131, The Town Residences LLC v. T-Mobile US, Inc. et al.
Who Got The Work
Wilfred P. Coronato and Daniel M. Schwartz of McCarter & English have stepped in as defense counsel to Electrolux Home Products Inc. in a pending product liability lawsuit. The court action, filed Nov. 26 in New York Eastern District Court by Poulos Lopiccolo PC and Nagel Rice LLP on behalf of David Stern, alleges that the defendant's refrigerators’ drawers and shelving repeatedly break and fall apart within months after purchase. The case, assigned to U.S. District Judge Joan M. Azrack, is 2:24-cv-08204, Stern v. Electrolux Home Products, Inc.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250
