Financial Services Sector Legal Experts

Insights Financial Services

Cultivating Cash Flow Amid Rising Costs

Debt Recovery Update

Despite increasing business failures in sectors like hospitality and retail, the 2023 Courts Service Annual Report reveals that creditors remain…

27/09/24

Financial Services

The financial services sector has undergone unprecedented transformation from traditional banking to new developments like ESG and Fintech. Our lawyers are trusted advisors on the optimal adaptations and solutions for clients in responding to industry changes.

Now more than ever the financial services sector needs to respond and evolve. Our team is at the cutting-edge of these developments working in partnership with clients and drawing on our significant expertise in key areas such as insurance, financial regulation and data privacy.

Our objective is to help clients manage transitions and respond to the ever changing regulatory and political environment. We frequently operate at the intersection of law and technology finding the optimal balance between commercial and legal requirements. Our lawyers are renowned for their thorough and pragmatic approach supported by experienced project managers and bespoke systems to streamline the most complex mandates for clients.

Related Services

Acquisition and Leveraged Finance
Aviation and asset finance
ABS and debt securitisation
Commercial real estate finance
Corporate lending
Corporate restructuring
Refinancing
NPL portfolio acquisition and sales
Energy market financing
Project finance
Standalone bond and eurobond issues
Investment grade and high yield bonds
Sovereign bonds
Project bonds
Venture capital
Debt listing services
Private equity funding
Central Bank authorisations
Regulatory capital requirements
Fitness Probity requirements
Enforcement investigations
Reinsurance
Disaster recovery
Professional indemnity/negligence
Regulatory advice
Coverage disputes
Subrogation rights
QIAIFs
UCITS
AIFMD
ICAVs

Recent Work

Advised AIB Group on the sale of a non-performing loan portfolio known as Project Sycamore to a consortium led by Cerberus and LCM Partners. The vast portfolio consisted of approximately 20,118 secured and unsecured loans, revolving credit facilities and asset finance facilities.
Advised Allied Irish Banks p.l.c. on its participation in the Brexit Impact Loan Scheme.
Advised a syndicate of banks including RBC Europe, Royal Bank of Canada, and National Australia Bank on a revolving credit facility to Greencoat Renewables plc.

Acted for Citibank on behalf of a syndicated lending group who recently provided financing to IPS-Integrated Project Services, LLC in order to fund their acquisition of Irish company, Anchorbuoy Limited.

Lead counsel to the European Bank for Reconstruction and Development on credit risk mitigation instruments provided in its favour by G7 members, Canada and UK, for loans advanced to the Ukrainian electricity network, UKRENERGO, and the Ukrainian gas utility, Naftogaz, respectively.
Lead counsel to Elgin Property Finance Limited and MM Capital Limited on a joint venture with Pollen Street Capital Limited to establish a direct lending platform targeted at Irish real estate developers.
Ongoing counsel to the treasury team at Black Sea Trade and Development Bank on the EU and UK sanctions regimes, EMIR, SFTR and MAR.
Advised Permanent TSB in its capacity as Noteholder of the Class V Notes issued by Glenbeigh Securities 2018-1 DAC.
Established the Global Sustain Paris Aligned FAM Fund. Notably, this is one of the first Article 9 SFDR funds to be established in Ireland with the objective of climate change mitigation by investing in companies that contribute towards the Paris Agreement climate change goal.
Advised Enterprise Ireland as the cornerstone investor to the Elkstone Opportunities Fund ILP, one of the few investment limited partnerships to be established as QIAIF in 2022.
Advised MDEF Gestefin SAU SGIIC in the formation of a UCITS multi-manager fund. This involved negotiating the material contracts, including the management agreement, investment management agreement, the portfolio management agreements and other material contracts.
Acted for AIB on its participation in the Brexit Impact Loan Scheme. Under the scheme, Strategic Banking Corporation of Ireland provided a guarantee in favour of AIB to facilitate €140m worth of low-cost loans to be made to businesses impacted by Brexit and COVID-19
Acted on behalf of an international investment bank in the creation and financing of a social housing platform
Acted for Quintain Ireland on the financing of the development of its commercial and residential development of 279 PRS units and the related forward sale of the development to an international investment fund
Advised IAG / Aer Lingus on a $1.8 billion revolving credit facility with a syndicate of banks