The financial services industry has rarely undergone such upheaval as it has done in recent years. Unprecedented market conditions and a wave of new financial regulation has changed the shape of the financial services industry, forcing institutions to re-evaluate their business models and challenging the risk and reward profiles of many types of banking transactions.
In our finance group we provide expert advice on a wide variety of international and domestic banking and finance transactions, including acquisition finance, asset finance, bank reorganisations, business recovery and insolvency, derivatives, financial disputes, financial regulation, funds finance, private banking and wealth management, real estate finance, receivables and asset based lending, structured finance and trade finance.
We have many years of experience in advising global investment banks, international and domestic banks, asset managers, investment funds (retail, institutional and alternative), private equity sponsors, other financial institutions, industry bodies, sovereign entities, corporate end-users and ultra high net worth individuals.
Our finance lawyers have the experience, expertise and commerciality to ensure that the advice we provide is always focused on achieving our clients' objectives. Technical excellence is the hallmark of our finance lawyers. We also have plenty of common sense. We deliver advice and documents that are clear, concise and understandable.
Clients enjoy working with us: we are known for our pragmatic, innovative, solutions-led approach. On each transaction we ensure that we select a team of lawyers with the right skills and level of experience. We don't leave junior lawyers unsupervised. When we say 'partner-led', we mean it.
Our finance lawyers’ expertise is complemented by the expertise of other departments throughout our firm, including Financial Services, Tax, Corporate Finance, Real Estate, Intellectual Property, Technology and Dispute Resolution, with advice provided seamlessly across our European offices.
Our alternative legal solutions platform provides clients with customisable and process efficient services including data extraction and analytics, large scale documentation products and trading documentation.
Our flexible resourcing solution, CondorFlight Senior Lawyers, provides legal support by the hour or by the day without the need to instruct a law firm.
The Financial Conduct Authority (FCA) has published new rules for loan-based P2P platforms1, which will come into effect on 9 December 2019.
The introduction of the new rules is timely, coming after the collapse last month of Lendy, a P2P platform that facilitated loans to property developers.
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 in order for the group of companies into the UK.
Undertook a wholesale review for a global investment bank and analysis of the treatment of its prime brokerage client base (over 1600 relationships) in relation to client money protection and rights of rehypothecation on non-cash assets.
Acted for the holder of credit-linked notes on the defence and ultimate settlement of a $90m claim brought by a Lehman entity over its entitlement to collateral securing the notes.
Acted for a US investment bank in a trade finance outsourcing transaction with a Bahrain financial institution, for the US bank to provide back office, verification and processing functions to the Bahrain financial institution in respect of letters of credit and similar instruments issued or confirmed by the Bahrain entity.
Advised an AIM listed client on a $175 million copper forward purchase transaction for a copper mine in Western Europe.
Advised the arrangers on the €130m financing by Banque Cantonale de Genève, CIC Lyonnaise de Banque, Caisse d'Epargne de Rhônes-Alpes and Bank of China, Lyon branch, on the construction of Incity Tower, the highest tower in Lyon.