Linklaters’ global structured finance lawyers work on complex, innovative transactions, almost invariably involving several jurisdictions.
Linklaters delivers a totally integrated structured finance practice across the UK, continental Europe, central and eastern Europe, the Middle East, Asia and the Americas.
The team advises on every type of structured bond transaction, including asset-backed commercial paper, auto-ABS, CDOs/CBOs, covered bonds, credit card receivables, CMBS, hybrid project finance, non-performing loans, project bonds, receivables financings, RMBS, WBS and utility financings. Linklaters has cross-border and multi-jurisdictional experience across all major securitisation classes.
Linklaters’ position as one of the world’s most innovative structured finance practices is beyond dispute. The firm is pre-eminent in the utility sector, (particularly in UK water WBS, recently advising on Yorkshire Water, Wales & West Utilities Limited and Electricity North West’s structured bond issues). Other areas of particular strength include covered bonds (particularly Scandinavian covered bonds); project bonds and hybrid project finance; central bank funding (including the European Central Bank and the UK Government’s Asset Protection Scheme); and government-backed funding, such as the GAVI Fund’s multi-award winning International Finance Facility for Immunisation (IFFIm). Recently, Linklaters has taken a leading role on several major structured finance restructurings, notably those relating to the Lehman Brothers administration and Hypo Real Estate in Germany.
Recent transactions include advising
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the managers on Banco Pastor's €1 billion RMBS issue
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Yorkshire Water on its £8bn whole business securitisation programme
- the GAVI Fund on the multi award-winning International Finance Facility for Immunisation (IFFIm) and the World Bank on the Advanced Market Commitments Vaccination Programme
- on the CARS Alliance Auto-Leasing Securitisation – the first securitisation to use FCT legislation in France that came into effect in June 2008
- Royal Bank of Scotland on its £16.7 billion and £3.7 billion RMBS issuances
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On Sealane’s multi award-winning $3bn trade finance securitisation
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Citi Group on its EuroProp (EMC VI) S.A. pan-European CMBS issuance
- the arrangers and managers on Alliance and Leicester’s Fosse and Langton Master Trust Programmes
