Securitisation
Our team is known for its ability to advise on every major asset class (RMBS, CMBS, credit cards, trade receivables, auto-loans, WBS, CLOs and also covered bonds).
We regularly act on international deals involving both cash and synthetic securitisations in the private and public markets, advising originators, arrangers, investors and trustees on the establishment of new securitisations and the restructuring of, and issuances from, existing platforms.
Our lawyers specialise in finding innovative solutions to complex financing problems. This puts us in an exceptional position to address the challenges by today’s market.
- Our team is known for its technical excellence, commercial pragmatism and attentive, client-focused service. We focus on client relationships rather than on niche practice areas. This allows us to deploy smaller, but more versatile, teams, drawing on the expertise of our DCM, banking, financial regulation and tax specialists to deliver advice that is carefully tailored to the needs of our clients and particular transactions.
- We regularly act for large hedge fund clients in relation to regulatory capital driven structured finance transactions and in relation to non-standard consumer finance.
- We also act for both bidders and financing banks on the asset-backed financings of acquisitions of financial assets and non-performing loan portfolios.
Key experience
We advised M&G in relation to its investment in what we believe to be the second mobile handset securitisation in Europe and the first in which subordinated notes were issued to an external investor.
We advised NewDay Cards Ltd on the establishment of a new master issuer asset-backed notes programme within NewDay’s existing own-brand master trust structure and the first issuance of a series of notes under the new programme.
We advised experienced mortgage originator and servicer Paratus in relation to the RMBS securitisation of buy-to-let mortgages secured on properties in the U.K. and originated and serviced by Paratus.
We bring together leading experts from across the firm who deliver commercially-focused advice at the forefront of legal, regulatory and market developments impacting the public and private securitisation markets.
We were involved in the very first securitisation in the UK in 1985 and have remained leaders in this highly sophisticated area of asset-backed finance. We continue to support our clients on market-leading securitisation transactions in jurisdictions throughout the world.
Key contacts
They are very responsive towards changes in transactions and help the business to find the most suitable solution. They are knowledgeable not only from a legal perspective but also the market. IFLR 1000