Banking & Finance
The department has unmatched experience in advising the world's most significant banks and financial institutions; it also regularly acts for borrowers and issuers.
With 7 lawyers in the British Virgin Islands either extensively or exclusively involved in debt finance and derivatives work there is a degree of specialisation and market knowledge unique in the jurisdiction. Our Cayman finance practice has developed rapidly with a number of new and significant clients and stand-out deals. Banking partners and associates in our Cyprus office have extensive experience in Cypriot banking law, asset finance and financing agreements involving banks, financial institutions, equipment financing and corporate borrowing.
In addition each of our Hong Kong and London offices has partners and associates with extensive BVI and Cayman banking and finance experience.
Clients include Barclays, BNP Paribas, Credit Suisse, Citigroup, Deutsche Bank, Goldman Sachs, Merrill Lynch, HSBC, JP Morgan, Morgan Stanley, Standard Chartered and UBS and we are regularly instructed by almost all the world's leading law firms.
General Banking
We advise on all types of syndicated and bilateral lending including trade finance, debt restructuring, structured finance, property and acquisition finance. In addition the department has been involved in most significant project financings involving the BVI and regularly advises on aircraft and shipping deals in the BVI, Cayman and Cyprus.
Capital Markets
In the capital markets sphere the department advises lead managers, issuers and investors on international debt issues. We advise on the full range of debt issues including medium-term note programmes, stand-alone eurobonds, tiered capital issues and euro-commercial paper/programmes.
Derivatives
The department advises extensively on all aspects of financial derivative transactions. Its lawyers advise all the major industry bodies and major banks on close-out netting and collateral enforceability issues in respect of derivatives, repossession and securities lending documentation.
We have been heavily involved in the implementation and policy of the netting legislation in the BVI and are counsel to almost all major industry bodies including the International Swaps and Derivatives Association, the Securities Industry and Financial Markets Association, the International Capital Market Association, the Stock Lending and Repo Committee of the Capital Adequacy Directive Working Group, The Futures & Options Association, The British Bankers' Association, The Bond Market Association, The Foreign Exchange Committee, The Financial Markets Lawyers Group and The Japanese Bankers Association.
Contact Jonathan Culshaw, Michael Gagie, Colin Riegels or Peter Tarn for more on Banking & Finance.