Overview

Derivatives

We advise clients including corporates, investment funds, pension fund trustees and financial institutions on ISDA documentation, bespoke OTC derivatives contracts and repo agreements. The types of derivative products on which we advise range from structured equity derivatives for retail funds to energy and emissions trading derivatives.

Debt Capital Markets

We advise on debt issuance programmes including listing and continuing obligations, drawdowns and tender offers. We also advise on stand-alone bond issuances and retail bonds.

Securitisations

We advise on the origination of securitisation transactions including conduit and warehouse structures. The majority of the work in the current market involves the restructuring of existing transactions. We have experience of the main asset classes including real estate receivables, auto loans and other trade receivables.

Areas of focus

Our expertise in derivatives, debt capital markets and securitisations includes the following:

  • ISDA Master Agreements.
  • Collateral Agreements.
  • Transaction Confirmations.
  • Fuel hedging.
  • Equity derivatives.
  • Regulatory advice, EMIR, clearing.
  • Repo agreements.
  • Debt issuance programmes including initial listing, annual updates, drawdowns, tender offers.
  • Stand-alone bond issuances.
  • Retail bonds.
  • Asset-backed securities.
Experience

Advising an international tobacco group on a range of derivative matters in relation to ISDA Master Agreements and Schedules, Spot FX umbrella trading arrangements and netting and collateral arrangements.

Advising an international airline and travel group on the negotiation of its ISDA Master Agreement and Schedules with its bank counterparties including in relation to primary and secondary market emissions trading.

Advising a UK Government energy body on energy trading agreements concluded using ISDA documentation and the associated energy annexes.

Advising an international transport group on the negotiation of ISDA Master Agreements and Schedules and on fuel hedging agreements.

Advising the pension funds of UK transport, engineering and defence companies on ISDA Master Agreements.

Advising a building society on a range of derivatives and repo agreements.

Advising a number of corporates in relation to the impacts of the FATCA and its anticipated implementation in the UK through the Finance Act 2013 and the Dodd-Frank Act and its European equivalent EMIR in relation to the regulation of OTC derivatives.

Acting for a global defence company on emissions trading agreements.

Advising DEFRA on the purchase of certified emission reduction allowances using bespoke purchase documentation under an IETA Master Agreement to offset government official and ministerial air travel.

Advising Coca-Cola Hellenic on a range of matters (including the initial London listing, continuing obligations and tender offers) in relation to its €2 billion EMTN programme.

Advising on bond issuances by Jarden Corporation, Platform Specialty Products, Belectric and Greenwich Leisure.

Advising a German Bank on the refinancing of £1.2 billion warehouse securitization facilities provided to a mortgage company.

Acting for a company on a defaulted securitisation.

Advising a special servicer on various securitised real estate finance transactions, including control valuations and controlling class issues.

Advising a German bank on the restructuring of certain securitisations and relations financing arrangements.

Meet the team
Graham Soar

Graham Soar Partner

  • Banking
  • Derivatives, Debt Capital Markets and Securitisations
  • Project Finance
Richard Leeming

Richard Leeming Partner

  • Banking and Trade Finance
  • Derivatives, Debt Capital Markets and Securitisations
  • Real Estate Finance
Tom Dunn

Tom Dunn Partner

  • Head of Funds and Financial Regulation
  • Regulated Funds
  • Financial Services
Racheal Ruane

Rachael Ruane Partner

  • Corporate Banking
  • Real Estate Finance
  • Asset Finance and Asset Backed Lending

What others say...

... represents a good value alternative to City firms

Legal 500 2015