CMS Bureau Francis Lefebvre is best known in the market for its expertise in tax, where it is often recommended as having the top team in town. "For fiscal advice, for pure fiscal work, I would choose them every time for their expertise," says a client....
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CMS Bureau Francis Lefebvre is best known in the market for its expertise in tax, where it is often recommended as having the top team in town. "For fiscal advice, for pure fiscal work, I would choose them every time for their expertise," says a client.
Through this the firm has established a good reputation among clients. "It is good to see they have a strong footprint in Morocco," says one, "they are very professional and a very good company".
Aside from tax, about half the firm's work covers corporate transactions and the team has been moving into the corporate finance market with clients such as INEXIA and EDF Energies Nouvelles. The head of the Morocco office, Marc Veuillot (who took over from Wilfried Le Bihan in 2011), also has good expertise in the Algerian market.
Deals
In terms of infrastructure and public-private partnerships (PPP), Marc Veuillot was advising SNCF subsidiary INEXIA on tax, contract, corporate and public law aspects of the construction of a high speed train line between Tangiers and Kenitra, launched by the National Office for Railways of Morocco. The project would be the first high speed train line in Africa.
The firm was also working on substantial energy transactions, advising an energy company on a series of wind and solar projects involving a number of international companies, while the firm also provided advice on tax matters to Alstom in relation to various projects and investments in Morocco.
In other work, the firm was advising a client in relation to the Casablanca Financial City project and a Portuguese company on the corporate aspects of a takeover bid of a Moroccan company.
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