Apr 12, 2016
Cadwalader, Wickersham & Taft LLP, a leading counsellor to global financial institutions and corporations, won the Global Competition Review (GCR) 2016 European Behavioural Matter of the Year (Agency) Award for its representation of Deutsche Bank in the European Commission's investigation into the credit default swaps market.
Led by competition partner Vincent Brophy, with Tom Bainbridge and Jose Azcona, the Cadwalader team represented Deutsche Bank in the Commission’s investigation. Following allegations made, and the issuance of formal charges via a Statement of Objections, the Cadwalader team made numerous written and oral submissions to the Commission over a period of several years. The Commission was finally persuaded to abandon its investigation without imposing a penalty or remedial measures of any kind. The GCR award recognises that it is a rare achievement to persuade the Commission to entirely drop charges after such a lengthy and publicised antitrust investigation.
The GCR awards are prized within the profession because GCR is read by antitrust counsel and enforcers across the globe and awards are won on the basis of peer recognition. For this reason, Cadwalader is particularly proud to have won four GCR awards in the last three years, two on each side of the Atlantic. In 2014, Cadwalader’s Brussels team, led by “heavy hitting” Brussels Managing Partner Alec Burnside, won European Merger Control Matter of the Year for its representation of Irish airline Aer Lingus in its defence of Ryanair's hostile takeover bids. In the same year Cadwalader’s U.S. team, led by Charles F. (Rick) Rule, head of Cadwalader’s Antitrust Group, won Matter of the Year for its work as antitrust and litigation counsel to US Airways in its merger with American Airlines. In 2015, the firm won the GCR Antitrust Matter of the Year Award for its representation of Eli Lilly & Company in securing Federal Trade Commission clearance for the company’s acquisition of Novartis Animal Health.
Vincent Brophy practices EU and UK antitrust/competition law, representing clients in mergers, antitrust investigations and civil litigation relating to market power, agreements, cartels and concerted practices. Appearing regularly before the European and national competition authorities and the European courts, Vincent has acted on some of the biggest mergers and most complex antitrust cases. Vincent has long been ranked in the key legal directories, including, Legal 500 UK, Who’s Who Legal Competition Lawyers and Chambers, in which he is commended as a “Class act … client-focused, a very silky operator. Behind the smooth veneer is an excellent and tough legal mind."
Tom Bainbridge advises on EU and UK competition law, including antitrust and merger control. He regularly represents clients before the European Commission and the UK Competition & Markets Authority in antitrust proceedings. Tom has in-depth experience with the investigative process, including unannounced and announced inspections, large-scale document reviews, advice on potential liability, protection of procedural rights, written submissions, State of Play meetings and oral hearings. He has also successfully represented companies in appeals to the UK Competition Appeal Tribunal and the EU Court of Justice.
Jose Azcona advises on all aspects of European and Spanish competition law, including merger control, cartels, anticompetitive agreements, abuse of a dominant position, and state aid law. He also advises on regulatory matters across a range of sectors, particularly in the financial and telecommunication fields.
Cadwalader’s global antitrust practice comprises more than 30 full-time antitrust attorneys in Washington, D.C., New York and Brussels. The antitrust team includes numerous attorneys who are ranked in the legal directories. Cadwalader’s antitrust group also has a significant, and growing, practice in Asia, with offices in Beijing and Hong Kong.
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