Bruno Leroy

bruno-leroy

Bruno Leroy

Partner

Paris | 32 rue de Monceau, Paris 75008
+33 1 57 57 80 34 | +33 1 57 57 80 81

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Bruno Leroy historically advises French and international companies in the context of complex tax structuring, including domestic and international acquisitions, leveraged buyouts, IPO, restructuring, development of international financings, optimization of funds flow and transfer pricing.

He has a wealth of experience in M&A transactions, tax structuring and international tax planning.  

He is also increasingly involved in LBO transactions, due  to his ability to optimize both (i) the tax structuring of LBO acquisitions (including the modeling of the tax flows) and (ii) the effective tax rate of companies under LBOs (optimization of the intra-group flows and the corporate taxation of companies under LBOs, build-up operations).

Mr. Leroy also advises chief executives and managers on (i) the sale of their company(s) and holdings, combined with integrated patrimonial legal and tax planning, as well as on (ii) the implementation of incentives (management packages, granting of free shares).

In addition, Mr. Leroy advises high net worth individuals for tax optimization purposes and for the securitization of their tax position in France.

He is also very regularly involved in relations with the tax administration, whether at the verification stage or during litigation, for both companies and individuals (IS, IRPP, ISF).  

Bruno Leroy is recognized by his peers and clients as one of the leading tax lawyers in France (Best Lawyers 2018). Clients describe him as "clear and precise" and "very intelligent who provides very clear explanations". "Bruno is rigorous and professional, but he also has a great sense of humor" (Chambers 2018 and 2017); Bruno "is very professional and meticulous" and "is available, responsive, understands the issues and finds the appropriate answers" (Legal 500 Paris 2018 and 2016-2017).  

Prior to joining Dechert in 2011, Mr. Leroy headed the tax department of an international law firm and worked in the international tax services department of Pricewaterhouse Coopers’ New York office. These roles required Mr. Leroy to advise French subsidiaries of foreign industrial groups and private equity funds and to facilitate a number of cross-border transactions, acquisitions and financings. His extensive experience also includes his seven-year practice within Landwell & Associés (Pricewaterhouse Coopers’ law firm in France) and his role as in-house tax counsel for AXA Insurance Group.

Experience
  • Advising a leading brand name in pet care on an exclusive negotiation agreement with one of the world’s largest agricultural processors and food ingredient providers.
  • Advising one of the leading automotive supplier worldwide, on the tax structuring of several acquisitions in 2012, including the acquisition of the brake business of a global company operating in many different markets.
  • Advising a global healthcare company, on the acquisition of an innovative pharmaceutical company.
  • Advising a market research company on the implementation of a repurchase agreement.
  • Advising a leading international logistics company on its French domestic restructuring.
  • Advising a global private equity firm on the acquisition of  a high-end fashion brand.
  • Advising the managers of a merchandise and service broker in their LMBO and on the takeover of 20% share capital of an international investment company by one of the leading French banks.
  • Advising a hybrid investment fund on several of their acquisitions in France.
  • Advising the management of an orthopedic implants and instruments manufacturer in the sale of the group.
  • Advising a fund management company on its acquisition of a draping company.
  • Advising an aerospace manufacturer on the acquisition of an interconnect solutions for harsh environments manufacturer.

Tax optimization and securitization for individuals

  • Management of the day to day relationship with the French Tax Authorities for non-resident tax payers, tax residents in Morocco, Egypt, United States, Colombia, United Kingdom, Saudi Arabia, Qatar and Pakistan.
  • Acquisition of real estate assets in France for non-residents and residents. Tax planning for real estate professional investment in France.
  • Optimization of the French wealth tax and income tax to be paid by non-residents.
  • Structuring of the holding of assets owned by individuals and located in different tax jurisdictions, notably within the European Union.
  • Tax optimization of the tax positions and exposures of individuals newly established in France.

Taxation of managers and incentive policy of international groups

  • Advising a leading energy drink and an innovative transportation company on the definition of their wages policy for the managers and key executives of the group.
  • Advising one of the world’s largest public transport company on the definition of its management fees policies.
  • Advising private investments funds managers on their manager tax incentive programs (former head managers of one of the leading French banks) and issuance of options, free shares allocation and stock options programs.

Taxation of international groups

  • Advising one of the world’s leading high tech companies on day to day tax issues.
  • Advising one of the world’s largest public transport company on the structuring of its international financial flows.
  • Advising on the tax optimization of the Research and Development activities of a leading international logistics company, an Internet and Telecom provider for companies and a leading health care company.
  • Advising an aerospace manufacturer for the global optimization of its corporate income tax in France.
  • Advising a leading energy drink and an environmental services company on their day to day French tax issues.

Litigation and relations with tax authorities

  • Advising one of the leading automotive supplier worldwide on its relation with the tax administration.
  • Advising an online marketplace on its relationship with the French Tax Administration and the Government on their tax environment.

Transfer pricing

  • Transfer pricing analysis and drafting of the transfer pricing documentation for a leading international logistics company, an IT consultancy company, a world leading insurance broker and a leading energy drink.
  • Conducting transfer pricing tax audits for a leading international logistics company, one of the world's leaders in power generation and transmission, a world leading building materials manufacturer and a leading health care company.
  • Advising an e-commerce company on their transfer pricing policy.

Includes matters handled at Dechert or prior to joining the firm.

Education
  • Université Paris 2 Panthéon-Assas, DESS, Tax and Business Law, 1993
  • Sciences Po Paris, Master, 1992
  • Université de Picardie Jules Verne (Amiens), Licence en droit, Public Law and Master, Private Law, 1990
Admissions
  • Paris
Languages
  • French
  • English