Clifford Chance advised CACEIS, the asset servicing bank of the Crédit Agricole group and one of the leading depositary bank and funds administrator in Europe, with the restructuring of its European activities. This simplification of the CACEIS banking group structure has been carried out through the cross-border mergers of CACEIS Bank Luxembourg and CACEIS Bank Germany into CACEIS Bank France.

These multi-jurisdictional mergers, which involved ten jurisdictions (France, Luxembourg, Germany, United Kingdom, Ireland, Belgium, Italy, The Netherlands, Switzerland and Hong Kong), have been performed on the basis of the Cross-Border Merger Directive regime. Regulatory approvals have been obtained with local regulators together with the European Central Bank (ECB) in accordance with the European Single Supervisory Mechanism (SSM).

Clifford Chance advised CACEIS with, on regulatory matters, Frédérick Lacroix, partner, Sébastien Praicheux, counsel, Hélène Kouyaté and Pierre d'Ormesson, associates, on corporate matters, Mathieu Remy, partner, Sue Palmer, of counsel and Marie-Aude Kfouri, associate, on tax matters, Eric Davoudet, partner and Britta Hardeck, counsel and on employment matters, François Farmine, partner.