We advise clients in relation to their key roles as trustee, security agent and collateral administrator, cash manager, custodian, paying/calculation/exchange/collateral/loan/escrow/fiscal agent and account bank across the full range of finance and capital markets transactions.
Our new issuance offering spans domestic and cross-border transactions across all products including securitisations (whole business, CMBS, RMBS and ABS), standalone corporate bonds, covered bonds, sukuks, repackaging programmes, MTN programmes, regulatory and hybrid issuances, CLOs and CDOs, high yield and equity linked bonds, project finance, asset finance (including aviation and ship financings) and secured lending (including acquisition and leveraged financings).
We often lead on new product innovations, advising on new structures and asset classes.
Post-closing work encompasses advice on defaults, litigation, liability management, restructurings and the exercise of powers and duties in relation to amendments, waivers and refinancings.
We also advise on contentious matters, issues of contractual interpretation and construction, and the enforcement of rights.
As a single, integrated firm we are positioned to assist our trustee and agency clients across the entire spectrum of legal areas including tax, regulatory, real estate, dispute resolution, insolvency, restructuring and litigation.
We are supported by a wealth of market expertise in multiple jurisdictions including Europe (Germany, Italy and Spain), Asia (Hong Kong, Singapore and Tokyo), the United States and the Middle East and have lawyers with trust expertise (and the equivalent creditor representation in civil jurisdictions) in these regions.
As a result of these cross-practice capabilities, we are able to provide an integrated team of New York and English associates, with varying levels of seniority, across new issuance, post-closing and restructuring matters.
Blockchain and distributed ledger technology (DLT) have the potential to transform how securities are issued, traded and settled. However, the adoption of technology in the capital markets has not matched take-up in other areas of finance and trade and, so far, is used for enhancing existing elements of the process rather than replacing it with something new.
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The creation of a single market for capital in the EU remains a work in progress, but some key advances have been made so far in 2022.
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Corporate trustees ("trustees") for notes that mature after the end of 2021 should brace themselves for LIBOR being phased out. While trustees have been closely monitoring benchmark replacement terms since the FCA signalled that it would no longer compel banks to submit LIBOR submissions, LIBOR transitioning will increase as 2021 draws closer and trustees will need to be prepared for the impact on their role.
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Advising ADB, ADFD, EBRD and JICA as lenders to a 230 MW photovoltaic solar power project in Alat, Azerbaijan. The project was developed by leading renewable energy company, Masdar. The lender consortium committed long-term financing of USD 114.2 million.
Find out moreWe are delighted to have worked on these 'Deal of the Year' transactions.
Learn moreAdvising the arrangers in connection with Getlink's offering of €700 million 3.5% Senior Secured Notes and advising the security agent, trustee and paying agent in relation to the note issuance, revolving credit facility and transaction security.
Find out moreInternational law firm Clifford Chance has advised Citi, ING, MUFG, SMBC Nikko and Standard Chartered Bank as joint lead managers and joint bookrunners on Bayfront Infrastructure Management Pte. Ltd’s US$402.7 million infrastructure securitisation by Bayfront Infrastructure Capital III Pte. Ltd. Citi is the Sole Global Coordinator.
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Clifford Chance
