Freshfields Bruckhaus Deringer and EY advises on the creation of a jv between Renault Group and Geely

Freshfields Bruckhaus Deringer and EY has advised the Renault Group on the creation of a joint venture with Geely, a Chinese multinational in the automotive sector.

The new company, owned equally by the Renault Group and Geely, is the result of a reorganization process at the car manufacturer and will be dedicated to the business of designing, developing, producing and selling a full range of motor components and hybrid and combustion engines for the automotive industry.

The transaction involved more than 60 lawyers of Freshfields from five different offices as well as other lawyers across eight additional jurisdictions.

The Freshfields team is led by partner Guillemette Burgala and counsel Aïleen Legré, alongside senior associate Kanitha Neal and associate Aia Eid. Advice on IP matters and commercial contracts was led by partner Giles Pratt, alongside senior associates Tony Gregory and Tom Hingley and associates Cameron Skinner, Nicola Fish, Francesca Teng and Vanessa Jiang. Advice on merger control matters was provided by partner Laurent Garzaniti, alongside principal associate Clémentine Vande Maele and associate Victoria Delettre.

Advice on foreign investment matters was provided by Spanish counsel Enrique Carrera alongside associate Javier Fernandez.

Freshfields Bruckhaus Deringer, in coordination with PLMJ’s multidisciplinary team, has monitored the reorganization of the industrial unit dedicated to this activity in Portugal since 2021.

EY has provided vendor tax assistance services to the Renault Group on the creation of the joint venture. The tax team was led by Jean-Philippe Barbe, Thibaud Boucharlat and Clement Petit in France and Manuel Paz (partner), Aída Pérez García (senior manager) and Sara Sanfrutos (senior) in Spain, along with teams in several other countries.