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Philipp Werner focuses on German and EU competition and State aid law.

He advises clients on competition aspects of M&A transactions. He represents clients in merger control procedures in the EU and Germany and coordinates multijurisdictional filings around the globe.

Philipp reviews business practices and advises on antitrust compliance, always with the client's business objectives and particular risk profile in mind. In particular, he advises on compliance training, compliance programs, and internal investigations. His experience spans from distribution to cooperation agreements and also covers advice on cartels and information exchange as well as single firm conduct.

Philipp has extensive State aid experience, in particular concerning privatization, restructuring, and investment aid.

His clients include companies in the automotive, IT, telecom, retail, consumer goods, chemical, infrastructure, and health care sectors.

Philipp has been recognized by Who's Who Legal as a global elite "Thought Leader" in competition law and State aid law. He is editor of EU State Aid Control: Law and Economics (Wolters Kluwer 2017). Philipp is an advisory board member of the Berliner Gesprächskreis für Beihilfenrecht e.V. (Berlin State Aid Roundtable), a member of the Studienvereinigung Kartellrecht e.V., where he is responsible for the Brussels chapter, and the antitrust section of the American Bar Association.


  • Valmet completes statutory merger with NelesJones Day served as global merger control and foreign direct investment counsel to Valmet Oyj (excluding Finland) in its statutory merger with Neles Corporation.
  • CDPQ participates in record investment in Hy2genJones Day advised Caisse de dépôt et placement du Québec (CDPQ) on its participation in the record €200 million investment in green hydrogen pioneer Hy2gen AG, the world’s largest private investment in green hydrogen to date.
  • Eaton sells hydraulics business to DanfossJones Day advised Eaton Corporation as antitrust counsel in the sale of its hydraulics business to Danfoss Power Solutions for US$3.3 billion.
  • Cooper Tire & Rubber sold to The Goodyear Tire & Rubber Company for approximately $2.5 billion enterprise valueJones Day advised Cooper Tire & Rubber Company in its $2.5 billion sale to The Goodyear Tire & Rubber Company.
  • Ravago acquires IndukernJones Day served as competition counsel for Ravago S.A. in the acquisition of Indukern, a family owned distributor of specialty chemicals based in Spain, with a clear focus on the food, flavors & fragrances, pharma and animal nutrition application areas.
  • Wellington Partners, MIG GmbH & Co. Fonds 16, and Salvia GmbH invest €15 million in growth financing of Creative BalloonsJones Day represented Wellington Partners Life Sciences V, a leading European Venture Capital firm investing in early- and growth-stage Life Science companies, together with MIG GmbH & Co. Fonds 16 and Salvia GmbH, in connection with their €15 million growth investment in Creative Balloons GmbH, a specialist in researching and developing ultra-thin polyurethane (PUR) balloons for medical device applications, namely catheter manufacturing.
  • Astellas returns rights to Eligard® in Europe, Middle East, CIS, and Asia to TolmarJones Day represented Astellas Pharma Europe Ltd. in connection with a series of transactions, including the sale of related assets, in which Astellas returned its in-licensing rights to Eligard® (leuprorelin acetate for injectable suspension), a treatment for advanced prostate cancer, sold by Astellas in Europe, the Middle East, the Commonwealth of Independent States (CIS) and Asia, to Tolmar International Limited.
  • Astellas transfers DIFICLIR in Europe, Middle East, Africa, and selected CIS to Swiss Tillotts Pharma AG for €109 millionJones Day advised Astellas Pharma Europe Ltd. on the sale of distribution rights to the product "DIFICLIR" in Europe, Middle East, Africa, and selected Commonwealth of Independent States (CIS) countries to Swiss Tillotts Pharma AG for €109 million.
  • EDF enters into inaugural and groundbreaking investment in Germany's hydrogen sectorJones Day represented EDF through its affiliates, Hynamics SA and EDF Deutschland, in its inaugural and groundbreaking investment in Germany’s hydrogen sector.
  • Valmet acquires stake in Neles from SolidiumJones Day served as European antitrust counsel to Valmet Oyj in its acquisition of stake in Neles Corporation from Solidium Oy.
  • Eaton sells lighting business to SignifyJones Day represented Eaton Corporation as antitrust counsel in the sale of its Cooper Lighting business to Signify N.V. (formerly known as Philips Lighting) for $1.4 billion.
  • EDF and Masdar to form energy services companyJones Day acted as antitrust counsel to EDF (Electricité de France) in the formation of a joint venture company with Masdar (a subsidiary of Mubadala Investment Company) dedicated to energy efficiency and distributed solar power generation projects.
  • Ravago acquires Dr. D.A. Delis S.A.Jones Day served as competition counsel for Ravago S.A. in the acquisition of Dr. D.A. DELIS S.A., a distributor for specialty chemicals, feed additives, and semi-finished plastic products.
  • Garmin® acquires Tacx, the leading manufacturer of indoor bike trainersJones Day advised Garmin Ltd. in its acquisition of the Tacx group, a Dutch family business that designs and manufactures high end indoor bike trainers, tools and accessories, as well as indoor training software and applications.
  • Inside Secure acquires Verimatrix for approximately $145 millionJones Day advised Inside Secure in its all cash acquisition of Verimatrix, Inc. for up to approximately $145 million in cash (including a potential earn-out).
  • Wabtec and GE Transportation merge in $11.1 billion transactionJones Day advised Wabtec Corporation in a Reverse Morris Trust merger with GE Transportation, valued at $11.1 billion.
  • Royal Ingredients sells 60% interest in company to BayWa AGJones Day advised Royal Ingredients Group B.V. in the acquisition by BayWa AG of a 60% interest in Royal Ingredients.
  • UPL acquires Arysta LifeScience from Platform Specialty Products Corporation for $4.2 billionJones Day advised UPL Limited ("UPL"), a leading global generic agrochemical company based in India, in connection with its subsidiary, UPL Corporation Limited’s, US$4.2 billion acquisition and related $3 billion term financing of Arysta Lifescience Inc. (“Arysta”), a global provider of crop protection solutions, including bio-solutions and seed treatment, from NYSE listed Platform Specialty Products Corporation (“Platform”).
  • SAP acquires Qualtrics for $8 billionJones Day advised SAP in its $8 billion acquisition of Qualtrics International Inc., the global pioneer in the experience management software category.
  • LaSalle acquires $7 billion Real Estate Multi-Manager business and management of €1.7 billion pan-European fund from Aviva InvestorsJones Day advised Jones Lang Lasalle Incorporated’s subsidiary LaSalle Investment Management on its agreement to acquire the entire Real Estate Multi-Manager (“REMM”) business of Aviva Investors and full ownership of the management of the Encore+ fund (“Encore+”).
  • The following represents experience acquired prior to joining Jones Day.

    Advised one of the world's largest ICT (information and communications technology) companies in a complex contractual competition law matter for an international high-volume bidding project involving various European countries.

    Represented a chemical company in merger control proceedings before the EU Commission as well as on multijurisdictional filings.

    Represented several regional airports in European Commission state aid investigations concerning the financing of infrastructure investments, incentive programs, and fee structure.

    Represented SIGNA in merger control proceedings before the German Federal cartel office in relation to the proposed acquisition of the Karstadt retail operations and real estate.

    Represented CBRE in merger control proceedings before the German Federal cartel office regarding the proposed acquisitions of Valteq and Preuss GmbH.

    Advised a German state on rescue aid for an industrial company valued at €150 million.

    Represented a French subsidiary of a German group in proceedings before the French competition authority and subsequently before the Paris Cour d'Appel and the French Cour de Cassation.

    Represented a multinational company in an appeal against the European Commission's state aid decision against the German fiscal carry-forward of losses clause.

    Advised a multinational company in the automotive industry on multijurisdictional merger filings and representation in merger proceedings.

    Advised a leading German telecommunications company in cooperation and licensing agreements with a competitor.

    Represented a third party in support of the European Commission against Slovak Post concerning the Commission's decision finding that the Slovak postal law concerning hybrid mail infringes Articles 102 and 106 TFEU.

    Advised several incumbent European railway companies on their cooperation in the fields of single-wagon load and high-speed passenger transport and their subsequent representation before the European Commission.

    Advised a leading automobile manufacturer on state aid regarding the privatization of a state-owned company in Romania (involving a €1 billion investment).

    Additional Publications

    • March 2021
      Germany Adopts New Competition Rules for Tech Platform The M&A Lawyer, Volume 25, Issue 3
    • October 2019
      `State`Aid or Not - This Is the Question, EStAL 04/2019
    • February 2019
      The German Facebook Case – Towards an Increasing Symbiosis Between Competition and Data Protection Laws?, Competition Policy International
    • April 2019
      When One Door Closes: Court Requires Divestiture in Long-Consummated Merger, The M&A Lawyer, Volume 23, Issue 5
    • March 2018
      Commission Expansionism in EU Merger Control – Fact and Fiction, Journal of European Competition Law & Practice, Volume 9, Issue 3
    • December 2017
      The NOx Case - Still Trying to Fit in a System, in Caroline Buts/José Luis Buendía Sierra (eds), Milestones in State Aid Case Law, Berlin 2017 (reprinted in EStAL 1/2018, 101-109)
    • December 2017
      European General Court Rules (Again) on Mandatory Access and Interoperability in Software Industry, Cyberspace Lawyer, Vol 22 Issue 11
    • May 2017
      Pay-for-delay-Agreements: Why the EU Should Judge them by their Effects, Oxford University Press, Journal of European Competition Law & Practice (JECLAP) 2017
    • 2017
      Kartellrecht, in Sagasser/Bula/Brünger, Umwandlungen, 5. Auflage 2017 (Chapter on competition Law in: Sagasser/Bula/Brünger, Handbook of Corporate Conversion, 5th ed. 2017)
    • December 2016
      Kartellrecht, in Sagasser/Bula/Brünger, Umwandlungen, 5. Auflage 2017 (Chapter on competition Law in: Sagasser/Bula/Brünger, Handbook of Corporate Conversion, 5th ed. 2017)
    • February 2016
      Kartellrecht, in Sagasser/Bula/Brünger, Umwandlungen, 5. Auflage 2017 (Chapter on competition Law in: Sagasser/Bula/Brünger, Handbook of Corporate Conversion, 5th ed. 2017)

    Speaking Engagements

    • November 8-9, 2018
      Annual Conference on European State Aid Law, chair, Academy of European Law
    • April 27, 2018
      Österreichischer Beihilfetag, Bindungswirkung der Eröffnungsentscheidung für nationale Gerichte
    • March 16, 2018
      Second Annual Competition Conference, Developments in EU State Aid Law
    • February 28, 2018
      Antitrust and Data Portability Rights, EMEA Conferences: GDPR and Antitrust
    • November 16-17, 2017
      Seminar on State Aid Law - Basic and Advanced Concepts
    • November 9-10, 2017
      Recent Developments on EU State Aid: Procedures, enforcement, monitoring and transparency
    • May 18 - 19, 2017
      State Aid Proceedings and Litigation
    • February 1, 2017
      State aid and ports, Competition Law in the Transport Sector
    • November 10-11, 2016
      Recent Developments on EU State Aid: Procedures, Enforcement, Monitoring and Transparency
    • November 9, 2016
      Jones Day Global Life Sciences Conference – 2016 Issues & Trends
    • November 4, 2016
      State Aid in the Aviation Sector, European Air Law Association – 28th Annual Conference
    • February 22, 2016
      Taxation and European Union State Aid Law: The European Commission's Investigation Into Whether Certain Tax Rulings Constitute State Aid
    • February 2-4, 2016
      Hong Kong Competition Tribunal Workshop
    • January 27-28, 2016
      Competition Law Challenges in the Transport Sector
    • December 2015
      Spoke on the topic of infrastructure aid, European State Aid Law Institute's Autumn Conference on European State Aid Law 2015
    • September 1, 2015
      Antitrust and State Aid Presentation to University of Hohenheim’s Aviation MBA Program
    • July 3, 2015
      Action for Annulment of EU Decision to Open a Formal State Aid Investigation, Berlin State Aid Roundtable
    • June 19, 2015
      Enforcement of EU Competition Law at National Level, AIJA/IBA