Corporate Trust

We act for all the major market players including bank affiliated and independent trust/ agency providers operating in Europe’s capital and loan markets.

We advise note trustees, paying agents, fiscal agents, cash managers, loan/facility agents, calculation agents, security trustees and escrow agents.

We work with our banking, capital markets, tax and litigation colleagues to provide a full service covering new issue/origination work, post-transaction advisory work (e.g. amendments and waivers, rating downgrades and general advice on trustee/agent discretions) and disputes, usually in the context of issuer/borrower defaults

Our core focus areas:

• Corporate bonds, including straight one off corporates, issues under MTN programmes and convertibles, with issuers in many jurisdictions (eg UK, India, Philippines, Eastern Europe)
• MTN programmes for SPVs, including trusteeships on numerous repackaging programmes
• Securitisations e.g. UK mortgage backed, “data trustee” under German securitisations, representations of noteholders under Italian and Portuguese securitisations
• Corporate, real estate and project finance loans, with a particular focus acting for independent agents and security trustees in “direct lending” transactions
• Receivables and other asset backed financings
• Covered bonds
• CDOs/CLOs
• Commodity linked securities
• Tender/exchange offers
• Counterparty ratings downgrades
• Acceleration of bonds and loans and the enforcement of security
• Disputes and court hearings over the effectiveness of subordination and inter class/creditor issues and over the meaning of provisions of securities
• Disputes and court hearings with issuers
• Disputes and court hearings with bondholders/informal committees
• Consensual refinancings
• Schemes of arrangement and similar arrangements in other jurisdictions.