All areas of the financial services industry have undergone fundamental transformation in recent years, as the volume of new regulation post-crisis has driven a shift in business structures. Financial institutions represent a key part of our national, European and global economies and account for a substantial, and highly important, proportion of our clients.

We advise banks of all sizes, investment managers, investment funds, hedge funds, securities houses, brokers, dealers, insurance companies, custodians, depositaries and a whole range of service providers and consultants to those in this industry – from over 60 countries. The range of markets we cover is similarly broad and stretches from the cash markets to fixed income and equity markets as well as metals, energy and other commodities.  

Our knowledge of the financial sector is extensive and reflects the diverse way in which financial and investment products are structured today, from funds and insurance and pensions products to notes and bilateral investments.

Our leading finance and financial services teams provide expert, practical and innovative advice to our financial institutions clients, assisted by lawyers from across our practice groups, particularly competition, dispute resolution, investigations, privacy and information, tax, corporate, real estate, technology, pensions and employment.

We are proud that many of our lawyers have themselves worked in the industry, have been on secondment to financial institutions or have worked closely with trade bodies and regulators, so you can be sure that we fully understand your products and your markets.

 

Notable deals / highlights

  • Acted for a Californian bank in connection with syndicated term and revolving loan facilities of up to $61m. The borrowers were six US technology companies, and the facilities were to be used by the borrowers for the purposes of acquiring shares in an English entity.

  • Advised Lehman Brothers Finance on the unwinding of its derivatives transactions as a result of the Lehman insolvencies.

  • Acted for a major US investment bank on a $44.6m secured term facility to finance the acquisition of a Gulfstream G650 aircraft. We advised on all aspects of the transaction including the registration of the yacht and tax aspects, as well as the facility itself. This was a pre-delivery financing and the jurisdictions involved were Bermuda, the Isle of Man, Switzerland, the Cayman Islands, Jersey, Guernsey and Egypt.

  • Advised a global investment bank as swap provider on a series of asset backed security issuances, including on the engagement of a fronting swap provider into the structure on a back-to-back basis due to credit rating issues.

  • Advised B&CE Benefit Schemes on the establishment of novel insurance and pension products, including the policy terms for its stakeholder insurance based pension product, EasyBuild and recently the trust based People's Pension.

  • Acted on Re Lehman Brothers International (Europe) [2012] UK SC6: Supreme Court litigation on the meaning of the FSA's client money rules.

  • Advised a US investment bank on the taxation of securities derivatives, especially with reference to the income and capital treatment for UK retail investors.

  • Advised Threadneedle on its acquisition of the Liverpool Victoria asset management businesses.

Sector spotlight

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