Clifford Chance has advised Fosun International Limited and its subsidiaries on the ownership control procedures conducted in Germany, Luxembourg and Switzerland with respect to the acquisition of shares in Hauck & Aufhäuser Privatbankiers KGaA.

The main focus of the comprehensive advice provided were regulatory issues relating to the ownership control procedure in Germany. The Clifford Chance regulatory team also coordinated the investigations in Luxembourg and Switzerland and led negotiations with the deposit protection fund. The procedures involved the European Central Bank, the German Federal Financial Supervisory Authority (BaFin), the Luxembourg Commission de Surveillance du Secteur Financier (CSSF) and the Swiss Financial Market Supervisory Authority (FINMA).

The Clifford Chance team was led by partner Dr. Marc Benzler and comprised associate Dr. Christian Hissnauer (both Banking & Capital Markets, Financial Regulatory, Frankfurt).

Partner Dr. Stefanie Tetz and counsel Gwendolyn Müller (both Corporate, Munich) advised on corporate law issues.

The Clifford Chance team in Luxembourg comprised partner Dr. Christian Kremer (Corporate, Luxembourg), counsel Udo Prinz and associate Gilles Walers (both Banking & Finance, Luxembourg).

The Clifford Chance team in China was led by partner Kelly Gregory (Corporate, Shanghai).

Partners Dr. Stefanie Tetz and Dr. Marc Benzler had led the Clifford Chance team advising Fosun International Limited on the acquisition of Hauck & Aufhäuser Privatbankiers KGaA.