“The firm is adept in all areas of securities work, but especially good in structuring bonds, derivatives and securitisations”. (IFLR1000: The Guide to the World’s Leading Financial Law Firms, 2023)

We also advise on all the regulatory aspects of the derivatives market including synthetic securitisations, regulatory capital relief, EMIR, complex collateral and margin arrangements, netting opinions, securities financing and structured finance transactions incorporating derivative products. Our clients include international banks, clearing houses, investment funds (including US investment funds), providers of market infrastructure (including clearing systems), managers, corporates and institutional investors.

As well as delivering outstanding technical legal advice we will offer you our market insights, judgement and advice in a commercial context, providing invaluable guidance in your decision-making, planning and management of risk. As such, our derivatives team combines technical excellence and an ability to analyse risk and advise on tax and regulatory issues with real experience of insolvency and work out procedures, together with clear thinking on netting and collateral arrangements.

Relevant Experience

• Advising clients on regulatory issues connected with the transaction of all types of derivatives, repos, securities lending and related products and arrangements, as well as on related exchanges and clearing systems
• Opining on the enforceability of close-out netting and collateral arrangements
• Advising on synthetic securitisations and efficient regulatory capital structures
• Advising Amundi on its gold-linked Irish law ETC platform
• Acting for LCH, the London clearing house