Cross borders with confidence - Cross borders with Freshfields.

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Cross borders with confidence - Cross borders with Freshfields.
Cross borders
with confidence.
   Cross borders with Freshfields.
Cross borders with confidence - Cross borders with Freshfields.
Cross borders with Freshfields

          Making high-impact
        business decisions in our
         interconnected world
          has never been more
              challenging.

         While every big law firm can say it has people in the key
          jurisdictions, we’ve got you covered by the very best.

           Freshfields provides clients with the intelligence, expertise and experience
             they need to deal with issues that don’t respect boundaries or borders.
           Our market-leading lawyers in every office around the world assemble and
               collaborate, at a moment’s notice, to solve the most critical issues.

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Cross borders with confidence - Cross borders with Freshfields.
Cross borders with Freshfields

Peter Lyons
US Regional
Managing Partner

Freshfields – a unique value proposition

We are unique in the US market – a team of first-chair US
lawyers within the world’s best global law firm. Some claim,
you might think. But the results speak for themselves.
• Since 2010 we have advised on more inbound US M&A
  transactions and more cross-border deals by value –
  over $1tn – than any other firm.
• Our antitrust practice is uniformly regarded as the
  world’s best. Clients turn to us for challenging deals.
  We are a market leader on US second request and
  EU phase two reviews.
• We are the market leader in arbitration, ranked as
  the top practice by two leading legal directories.
• Our litigators have consistently delivered extraordinary
  outcomes on regulatory and internal investigations and
  high-stakes, bet-the-company litigations.
• Our best-in-class finance and capital markets lawyers
  in the United States and the other major financial centers
  allow clients to finance with any product in any market.
• In the past three years, we’ve advised on matters in
  almost every country in the world.
Our lawyers in the United States, Europe, the Middle East
and Asia assemble and collaborate, at a moment’s notice,
to solve clients’ most critical issues wherever in the
world they arise. And while Freshfields and every other
big law firm can say it has people in the key jurisdictions,
we’ve got you covered by the very best.

Freshfields Bruckhaus Deringer US LLP

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Cross borders with confidence - Cross borders with Freshfields.
Cross borders with Freshfields

                           A truly
                     global perspective.
                         Our clients want a law firm that can handle the
                         most complex transactions, manage the most
                       challenging disputes and investigations, and devise
                              the most flexible financing solutions.

     $1tn
 in cross-border deals in
                                   150+
                                 countries we’ve helped
                                                             210+
                                                             lawyers ranked in
                                                                                   +30%
                                                                                  of our transactional work
the past five years, more         clients do business in   Chambers Global 2018    in the last year involved
   than any other firm                                                                client investments
                                                                                   in high-growth markets

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Cross borders with confidence - Cross borders with Freshfields.
Cross borders with Freshfields

              So while many firms talk about
             having a global service, we live it,
                 deliver it and excel at it.
• We have 78 different nationalities         Africa, delivering domestic US advice of
  working across the firm and speaking       the highest quality and tackling the most
  more than 70 languages.                    challenging cross-border issues from
• In the last three years, we’ve worked      an unrivaled international platform.
  in more than 150 countries.                All our lawyers know the markets as
• Around a third of our revenue comes        well as the law. We understand the
  from work in countries where we don’t      cultural, political and economic factors
  have an office.                            at play, and the way national and
                                             international regulators operate –
• In the past five years, we’ve handled
                                             and cooperate.
  more cross-border deals by value than
  any other firm, many involving advice      But where needed, we complement
  in complex, emerging markets.              this with our StrongerTogether
• We have more than 100 “country             relationships. We can call on lawyers
  partners” who know their jurisdictions     working with more than 300 core
  intimately and understand how to do        firms in 200 jurisdictions.
  business there.                            This means each client gets a tailored
Our US partners have decades of top-level    team that combines our international
experience in the key disciplines for        experience with the best on-the-ground
US and global organizations. We work         knowledge: whatever and wherever
seamlessly with our peers in Europe,         the job, clients always get the same
the Middle East, Asia, Latin America and     superlative Freshfields quality.

   The firm does an excellent job coordinating across their
   offices, finding the right team whatever the geography
        and making it a seamless process for the client.

                                  Chambers Global 2016

                                                                                                        5
Cross borders with confidence - Cross borders with Freshfields.
Transactions

                                   Transactions

                 An innovative,
               seamless service
               for the deals that
                     matter.
                   We excel at those complex transactions
                  that require sophisticated US advice with
                             a global perspective.

                                    Our services
                     M&A | Restructuring and insolvency | Listings
                Capital raising | Investments | Divestitures and carveouts
                                     Complex contracts

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Cross borders with confidence - Cross borders with Freshfields.
Cross borders with Freshfields

  But what else makes us stand out
  from the pack? Some of our US
  partners explain. ...

Matthew Herman                          Mitchell Presser
Co-head of Global M&A                   Head of US M&A Practice
The firm, particularly our              Our US M&A partners have advised
M&A franchise, functions on a           on some of the world’s biggest,
jurisdictionally agnostic basis and     most complex M&A and private
is driven by a culture of innovation.   equity transactions. There is
This means we give clients fully        no substitute for our experience
integrated, value-added solutions       and market knowledge.
that solve their most complex
problems in a novel manner.

The firm, particularly our M&A franchise, functions on a
jurisdictionally agnostic basis and is driven by a culture
                      of innovation.

                                                                                                7
Cross borders with confidence - Cross borders with Freshfields.
Transactions

         Valerie Ford Jacob                            James Douglas
         Co-head of Global Capital                     Head of US Finance Practice
         Markets Practice
                                                       Success in global finance requires in-depth
         Co-head of Financial
                                                       knowledge of the US markets, perspective on
         Institutions Group
                                                       global markets – and the ability to execute
         Clients look at the reputation and standing   in every major financial center. We can
         of their law firms. But they also choose      pivot seamlessly between New York, London,
         their individual lawyers carefully – and      Frankfurt and Hong Kong, allowing us to
         we have the best.                             deliver the best possible solutions for our
                                                       clients’ financing needs.

         Mark Liscio                                   Melissa Raciti-Knapp
         Restructuring and Insolvency                  Co-head of Latin America Practice
         To succeed in today’s complex, competitive    Seemingly US-only matters can have
         insolvency and restructuring arena, you       international elements. Recently, I worked
         need seasoned counsel with high-level         on two financings under New York law
         experience in both bankruptcy cases and       for projects in Mississippi and Arkansas but
         debt restructurings. Our US team has          the lenders were European and the sponsors
         represented clients in many of the largest    were Brazilian.
         and most complex cases of the last several
         bankruptcy cycles and, as part of a
         market-leading global practice, can help
         you meet and exceed your goals.

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Cross borders with confidence - Cross borders with Freshfields.
Cross borders with Freshfields

                                Recent work

       We advised Starbucks Corporation               We advised BASF, a German chemical company
       on its $7.15bn global coffee alliance          and the largest chemical producer in the world,
                    with Nestlé.                     on its €7.6bn acquisition of significant components
                                                         of Bayer’s and Monsanto’s seed, agricultural
                                                                   and chemical businesses.

    We advised KLX on its $4.2bn acquisition              We advised Unimin Corporation and its
    by The Boeing Co. and the spinoff of its              parent Sibelco on Unimin’s merger with
           energy services business.                        Fairmount Santrol, valued at $6bn.

 We advised the HKSE-listed Global Brands Group         We advised London Stock Exchange Group
    on its $1.38bn sale of a significant part its       on its $685m acquisition of The Yield Book
 North American business to Differential Brands          and Citi Fixed Income Indices; and on its
     Group, a portfolio company of Tengram                        acquisition of Mergent.
                 Capital Partners.

      We advised Henderson Group on its $6bn               We advised Formula One Group (F1),
  all-stock merger of equals with Janus Capital to       together with its shareholders including
form Janus Henderson Global Investors, which has         CVC Capital Partners, on the $8bn sale of
 assets under management of more than $320bn.                F1 to Liberty Media Corporation.

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Cross borders with confidence - Cross borders with Freshfields.
Regulation

                                        Regulation

                 Helping you
              cover every angle.
                Compliance can be complex and – with the
              number of national and regional regulators rising –
                       must be navigated with care.
                  But rest assured, many on our US team have previously worked
               for regulators, so they know how to engage them in a way that helps
                   you comply and develop a business that’s stronger as a result.
                And because we create teams from the leading practitioners across
                  the world, we can handle the most complex regulatory issues
                 and craft solutions that work for your business on a global basis.

                                        Our services
                        Regulatory strategy | Corporate governance
                    Antitrust consumer protection | Merger clearance
                  Tax | Intellectual property | Employment and pensions

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Cross borders with Freshfields

  Partners Paul Yde and Claude Stansbury
  explain our approach in the antitrust
  and tax spheres, respectively.

Paul Yde                                  Claude Stansbury
Partner, Antitrust, Competition           Partner, Tax
and Trade
                                          Clients choose us for large, global and
We have three former advisers to          often transformational transactions.
the Federal Trade Commission plus         Our US tax lawyers join up with their
numerous staff attorneys from both        colleagues to ensure that every legal,
the Commission and the Department         commercial and practical aspect
of Justice (DOJ), so we understand        of the matter is taken care of.
how these organizations work and          With us, clients know they are in
think. This has helped us become one      safe, experienced hands.
of the leading US firms for large-scale
second request merger reviews.

        Clients choose us for large, global and often
               transformational transactions.

                                                                                                     11
Regulation

                                        Recent work

       United Airlines regularly turns to Freshfields as its       We advised Maersk Line on the global coordination
       US antitrust counsel, including on its merger with             of competition law issues relating to its $7.4bn
        Continental Airlines, creating the world’s largest         acquisition of Hamburg Süd. Combining the largest
          airline, which was recognized as the year’s top              and seventh largest container liner shipping
       antitrust M&A defense by Global Competition Review           companies in the world, the deal triggered merger
      and The New York Times. We also have advised United        filings in jurisdictions around the globe, including the
      on: (1) the DOJ investigation and challenge to its slot     EU (Phase I remedies), the United States, China, Brazil
     acquisitions in New York City; (2) the DOJ investigation        and Australia. In April 2018, the deal was named
       and related civil complaints of alleged seat capacity         “Merger Control Matter of the Year (Asia-Pacific,
        and pricing coordination among US airlines; and          Middle East and Africa)” by Global Competition Review in
         (3) antitrust litigation including In re Transpacific                    its annual legal awards.
        Passenger Air Transportation, a class action seeking
       damages related to an alleged price-fixing cartel in
        passenger service to Asia and Oceania (dismissed
                      without remedy in 2013).
                                                                   Novartis chose Freshfields for various transactions
                                                                 including (1) its recent $2.1bn acquisition of Endocyte;
                                                                        (2) its strategic $8.7bn acquisition of AveXis;
                                                                    (3) its $5.4bn sale of its animal health business to
                                                                 Eli Lilly, a matter closely scrutinized before clearance
     We advised Intel on its $16.7bn acquisition of Altera –
                                                                   by the FTC; and (4) the simultaneous merger of its
     the largest in the company’s history – which required
                                                                           OTC business with GSK’s OTC business.
     the coordination of US and multijurisdictional merger
                      clearances worldwide.

                                                                  Rexam turned to Freshfields for advice on its $6.9bn
                                                                   takeover by US-based Ball Corporation, combining
           Kiekert, and its North American subsidiary,           the world’s two largest producers of drinks cans amid
       in the global auto parts price-fixing investigations,      intense scrutiny from global competition regulators.
         including a negotiated plea agreement with the
        DOJ and follow-on litigation in the United States.

                                                                   Johnson & Johnson regularly relies on Freshfields
                                                                  to act as its US antitrust counsel, including on (1) its
                                                                 $30bn acquisition of Swiss biotech company Actelion
      We are defending PepsiCo in litigation arising from          Pharmaceuticals (J&J’s largest ever acquisition); (2)
      claims it breached state and federal antitrust law,        its $3.3bn acquisition of Vogue International; and (3)
       fiduciary duties and the Lanham Act, including a          the $4bn sale of Ortho Clinical Diagnostics, a leading
      successful motion to dismiss the antitrust claims.         diagnostic technology and manufacturing company.

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Cross borders with Freshfields

  Offers superb expertise across
 the full range of competition law
matters, with notable expertise not
 only in global mandates, but also
private enforcement and follow-on
class actions brought in individual
  EU member states and the US.
             Chambers Global 2017

                                                                 13
Litigation and Arbitration

                                          Litigation and Arbitration

                                    Defending
                                  your business.
                                   We will help you manage the mounting
                               threat from global investigations and follow-on
                                 litigation, and protect your reputation and
                                          investments in any country.

                                                     Our services
                                  Multijurisdictional litigation | International arbitration
                                    Global investigations | Consumer and product risk
                              Investment protection | Antibribery and corruption compliance

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Cross borders with Freshfields

  Our US partners have been at the heart of some of the most
  complex disputes in the world. Here, some of them talk about
  why we excel at helping clients.

Adam Siegel                               Nigel Blackaby                          Aaron Marcu
Head of US Litigation Practice            Global Co-head of International         Partner, Litigation
Co-head of Global                         Arbitration Group
                                                                                  Many firms claim – justifiably –
Investigations Practice                   Co-head of Latin America Group
                                                                                  that they have excellent lawyers.
The extraterritorial nature of US law     Chambers USA and The Legal 500 have     But no firm can claim to be as good
means our clients face US legal issues    both awarded us prizes as the leading   as Freshfields in the global arena.
that reach far beyond US borders.         arbitration practice in the United      Our international knowledge and
This is Freshfields’ unique ability –     States. Part of this strength derives   experience is the biggest edge
to help our clients understand their      from being very attuned to the          we have over our US competitors,
challenges, negotiate multiple legal      languages and cultures of the           particularly in investigations
systems and curtail global risks.         jurisdictions in which we defend our    and litigation.
It’s a service that is far greater than   clients, particularly Latin America.
the sum of its parts.

                          Our international knowledge and experience is the
                           biggest edge we have over our US competitors.

                                                                                                                        15
Litigation and Arbitration

Linda Martin                            Noiana Marigo                           Daniel Braun
Partner, Litigation                     Co-head of Latin America Group          Partner, Litigation
Working globally means that when        In arbitration, our results speak for   I joined Freshfields from the DOJ,
something goes wrong, you’re            themselves: in about 98 percent of      where I saw that it and other
potentially liable on a global scale.   our cases we obtain either a victory    enforcement agencies were pursuing
At Freshfields, no matter what          or a satisfactory settlement, even      more and more international
jurisdictions are involved, I can       in the most challenging situations.     investigations into commercial
collaborate with colleagues who know    And our US team handles more            activity. And in doing so,
their markets as well as I know US      investment arbitration than any other   US authorities were collaborating
law – and that means there’s no         US-based firm: the combined claims      more closely with their
dispute too complex for us to handle.   of our US cases total around $40bn.     counterparts around the world.

        Highly skilled in multijurisdictional commercial and
       white-collar criminal litigation ... Strong New York bench
         complemented by an impressive global platform.
                                                 Chambers USA 2017

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Cross borders with Freshfields

                                   Recent work

     Freshfields achieved a          As Monitor, appointed by the            For one of the largest
landmark acquittal by a federal     DOJ and MoneyGram to review          expropriations in history –
jury for Raoul Weil, the former        and assess, supported by a         with claims valued in the
number three executive at UBS,          global Freshfields team,         tens of billions of dollars –
  of the criminal tax charges          MoneyGram’s compliance            ConocoPhillips (and several
brought against him by the DOJ       with its deferred prosecution      of its Dutch subsidiaries) was
  relating to his service as the    agreement and legal obligations      represented by Freshfields
   head of UBS’s private bank.           under the antimoney                in an ICSID arbitration
                                       laundering and antifraud           against Venezuela under
                                     laws in the United States and       the Netherlands/Venezuela
                                           around the world.             bilateral investment treaty
                                                                           and Venezuela’s foreign
                                                                               investment laws.

             If there’s a global corruption scandal afoot …
                    Freshfields’ lawyers will probably
                 be on the scene putting things in order.
                                    Global Investigations Review 2016

                                                                                                            17
Freshfields in the United States

                     Freshfields in
                   the United States.

                                                             2003                         2010
                                                             Major expansion of           We provide antitrust advice on
                                                             US corporate, finance        the United/Continental merger
                                                             and employment               that created the world’s biggest
                                                             practices with hires         airline at that time.
                                                             from New York’s
                                                             top-tier law firms.

                                                                                                                        #1
 1977                               1998                                    2006                                       firm for
                                                                                                                cross-border M&A
 New York                         Washington, DC                           First corporate
                                                                              partners                            international
office opens                       office opens
                                                                                                                   arbitration
                                                                                                                   (Global Arbitration Review,
                                                                                                                       fifth straight year)

                                  1998                  2001                         Freshfields is
                                                                                     recognized as a
                                                                                                                  2013
                                                        First wave of lateral        top-ranked US firm
                                                        New York lawyers joins,      for international
                                                        expanding capabilities       arbitration, and
                                                        in finance.                  the first corporate
                                                                                     partners join.
                              8     partners       15     partners                                           33      partners

                             18     attorneys      37     attorneys                                          133     attorneys

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Cross borders with Freshfields

                            We now have 39 partners and nearly 200 attorneys in the United States,
                               and more than 350 US-qualified practitioners across the world.
                           Our US lawyers bring together decades of experience across all the areas
                        required for success in today’s complex and challenging business environment.
                         From M&A and finance to antitrust, tax and litigation, they handle the most
                                            complex deals as a single, unified team.

2014                                                    2015                                                         2018
We win landmark acquittal for                           We advise Honeywell on its
Raoul Weil, former UBS executive,                       $5.1bn acquisition of metering                                 39       partners
on criminal tax charges brought                         company Elster – its largest
by the Department of Justice.                           M&A since 1999.
                                                                                                                      200       attorneys

                                                                                                       #1
                                                                                                      firm for
                                                                                                   global antitrust
                                                                                                  (Global Competition Review,
                                                                                                    for 10 straight years)

                                                                               2016
                                                                               We advise Henderson Group on its merger
                                                                               with Janus Capital, creating a global asset
                                                                               manager with $320bn AUM.

                                                                                                                                     19
Cross borders with Freshfields

                                                 Transactions

             Our US                              Dave Almroth
                                                 Partner, Finance,
                                                 New York

            partners.
                                                 T +1 212 277 4070
                                                 E david.almroth@freshfields.com

             They pick the best to put
                the team together,
                                                 Valerie Ford Jacob
           are very organized and their          Partner, Capital Markets,
              specialists are very well          New York
                                                 T +1 212 284 4926
               coordinated. They can             E valerie.jacob@freshfields.com
            handle global cases based
              in several jurisdictions.
                             Chambers USA 2016

                                                 Mark Liscio
                                                 Partner, Finance,
                                                 New York
                                                 T +1 212 277 4029
                                                 E mark.liscio@freshfields.com

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Cross borders with Freshfields

James Douglas                       Aly El Hamamsy                       Matthew F. Herman
Partner, Finance,                   Partner, Corporate,                  Partner, Corporate,
New York                            New York                             New York
T +1 212 277 4030                   T +1 212 284 4938                    T +1 212 277 4037
E james.douglas@freshfields.com     E aly.elhamamsy@freshfields.com      E matthew.herman@freshfields.com

Thomas Jörgens                      Mena Kaplan                          Michael Levitt
Partner, Finance,                   Partner, Intellectual Property,      Partner, Capital Markets,
New York                            New York                             New York
T +1 212 284 4975                   T +1 212 284 4960                    T +1 212 277 4004
E thomas.joergens@freshfields.com   E mena.kaplan@freshfields.com        E michael.levitt@freshfields.com

Peter D. Lyons                      Mitchell Presser                     Madlyn Primoff
Partner, Corporate,                 Partner, Corporate,                  Partner, Finance,
New York                            New York                             New York
T +1 212 284 4965                   T +1 212 230 4650                    T +1 212 277 4041
E peter.lyons@freshfields.com       E mitchell.presser@freshfields.com   E madlyn.primoff@freshfields.com

                                                                                                               21
Our US partners

Transactions continued

Omar Pringle                     Melissa Raciti-Knapp               Jerome Ranawake
Partner, Corporate,              Partner, Finance,                  Partner, Finance,
New York                         New York                           New York
T +1 212 277 4056                T +1 212 277 4035                  T +1 212 277 4034
E omar.pringle@freshfields.com   E melissa.raciti@freshfields.com   E jerome.ranawake@freshfields.com

Brian Rance                      Scott Talmadge                     Timothy Wilkins
Partner, Finance,                Partner, Finance,                  Partner, Corporate,
New York                         New York                           New York
T +1 212 277 4080                T +1 212 277 4048                  T +1 212 284 4939
E brian.rance@freshfields.com    E scott.talmadge@freshfields.com   E timothy.wilkins@freshfields.com

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Cross borders with Freshfields

Regulation

Thomas Ensign                          Andrew Ewalt                         Howard Klein
Partner, Antitrust, Competition        Partner, Antitrust, Competition      Partner, People and Reward,
and Trade, Washington, DC              and Trade, Washington, DC            New York
T +1 202 777 4527                      T +1 202 777 4591                    T +1 212 277 4047
E thomas.ensign@freshfields.com        E andrew.ewalt@freshfields.com       E howard.klein@freshfields.com

Mary Lehner                            Eric Mahr                            Bruce McCulloch
Partner, Antitrust, Competition        Partner, Antitrust, Competition      Partner, Antitrust, Competition
and Trade, Washington, DC              and Trade, Washington, DC            and Trade, Washington, DC
T +1 202 777 4566                      T +1 202 777 4500                    T +1 202 777 4547
E mary.lehner@freshfields.com          E eric.mahr@freshfields.com          E bruce.mcculloch@freshfields.com

Robert Scarborough                     Claude Stansbury                     Paul Yde
Partner, Tax,                          Partner, Tax,                        Partner, Antitrust, Competition
New York                               Washington, DC                       and Trade, Washington, DC
T +1 212 277 4045                      T +1 202 777 4507                    T +1 202 777 4530
E robert.scarborough@freshfields.com   E claude.stansbury@freshfields.com   E paul.yde@freshfields.com

                                                                                                                23
Our US partners

Litigation and Arbitration

Nigel Blackaby                      Daniel Braun                         Eric Bruce
Partner, Arbitration,               Partner, Litigation,                 Partner, Litigation,
Washington, DC                      Washington, DC                       Washington, DC
T +1 202 777 4519                   T +1 202 777 4528                    T +1 202 777 4577
E nigel.blackaby@freshfields.com    E daniel.braun@freshfields.com       E eric.bruce@freshfields.com

Elliot Friedman                     Timothy Harkness                     Aaron Marcu
Partner, Arbitration,               Partner, Litigation,                 Partner, Litigation,
New York                            New York                             New York
T +1 212 230 4666                   T +1 212 230 4610                    T +1 212 284 4954
E elliot.friedman@freshfields.com   E timothy.harkness@freshfields.com   E aaron.marcu@freshfields.com

Noiana Marigo                       Linda Martin                         Olivia Radin
Partner, Arbitration,               Partner, Litigation,                 Partner, Litigation,
New York                            New York                             New York
T +1 212 284 4969                   T +1 212 277 4017                    T +1 212 284 4925
E noiana.marigo@freshfields.com     E linda.martin@freshfields.com       E olivia.radin@freshfields.com

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Cross borders with Freshfields

Caroline Richard                     Adam Siegel                     Kimberly Zelnick
Partner, Arbitration,                Partner, Litigation,            Partner, Litigation,
Washington, DC                       New York                        New York
T +1 202 777 4561                    T +1 212 277 4032               T +1 212 277 4010
E caroline.richard@freshfields.com   E adam.siegel@freshfields.com   E kimberly.zelnick@freshfields.com

                                                                                                          25
Cross borders with Freshfields
Transactions

                         I was completely satisfied.
                     The [banking and finance] team is
                       proactive and knowledgeable.
                   The lawyers are extremely committed
                     to our transactions and are really
                    thorough. They perform beyond our
                    expectations and never let us down.
                                      Chambers Global 2016

    26
This material is provided by the US law firm Freshfields Bruckhaus Deringer US LLP and the international law firm Freshfields Bruckhaus Deringer LLP (a limited liability partnership
organized under the law of England and Wales) (the UK LLP) and by the offices and associated entities of the UK LLP practicing under the Freshfields Bruckhaus Deringer name in a number
                of jurisdictions, together referred to in the material as “Freshfields.” For regulatory information please refer to www.freshfields.com/support/legalnotice.
   Freshfields Bruckhaus Deringer US LLP has offices in New York City and Washington, DC. The UK LLP has offices or associated entities in Austria, Bahrain, Belgium, China, England,
                             France, Germany, Hong Kong, Italy, Japan, the Netherlands, Russia, Singapore, Spain, the United Arab Emirates and Vietnam.
                       This material is for general information only and is not intended to provide legal advice. Prior results do not guarantee a similar outcome.

                                                             © Freshfields Bruckhaus Deringer US LLP, January 2019, 07673
freshfields.com
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