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Banking & Finance

Our Banking & Finance practice is one of our core business area and is comprised of following subareas: Banking and Regulatory, Finance and Capital Markets Derivatives & Structured Products.

Banking and Regulatory


We advise credit institutions, payment entities, e-money entities, investment services firms, undertakings for collective investments and alternative funds in the establishment of their cross border activities, in their corporate actions and in the launch of financial products and instruments.

We render advice on respect of taxation of financial products. We create special purpose vehicles and regulated entities. We reorganize financial groups. We design legal and capital requirement/accounting solutions for credit entities assessing them in the compliance of solvency requisites.

We help entities in their distribution channels, payment services and instruments. We represent financial institutions in supervision procedures and disciplinary sanction proceedings. We help financial institutions to prevent regulatory infringements.

We are experts in retail banking, factoring transactions, leasing, renting, confirmings, credit cards and consumer credit, credit mortgage, asset financing, commodity financing trade finance and in online financing.

We advise undertakings for collective investment in their day to day functioning and in their asset management. We establish and register UCITs, hedge funds, alternative funds and real state funds. We advise in the commercialization activities of investment services firms, in private equity distribution agreements, in SICAVs and reorganizing funds and venture capital entities.

We render advice on compliance departments in AML, we carry legal audits and we advice in data protection policies.

We advise our Private Clients in respect of the legal and tax regime applicable to their investments made through financial entities negotiating products and private banking documentation. We advise and try to mitigate the risks associated to common and standard languages used by banks in international custody, omnibus accounts and fiduciary deposits. Our aim is to delimitate the risks of our Clients in their day-to-day business with financial institutions.

Finance


We advise financial institutions, companies and public sector entities in all types of bilateral and syndicated financings, with one or more tranches (senior, mezzanine and/or subordinated) such as structured corporate financing, acquisition finance, asset finance (trains, airplanes, engines, boats, etc.) in the form of loans or leases, and in project finance in real estate, infrastructures (both public and private) and energy, and in the restructuring or refinancing of debt and alternatives in distress scenarios, and in the assignment or transfer of loans interest in the seconday loan market.

We render advice on credit entities and companies in project finance either public or private, related to infrastructures or energy.

Capital Markets, Derivatives & Structured Products


In equity capital markets we cover all the myriad of transactions and equity instruments, including IPO┬┤s, going public including MAB, secondary offerings, block trades, private placements and issuance of exchangeable and convertible bonds.

In debt capital markets we advise on all the mezzanine debt universe, structured finance transactions, issuing of all types of notes and bonds including high yield, hybrid products and in structuring and registering of asset backed securities either synthetic or not.

In each case we follow the files in front of the Spanish Securities and Markets Commission or other regulators of relevance, drafting offering memorandums, prospectus and other legal documents that may be required.

We are specialists in derivatives and structuring deposits, loans, notes and other negotiable instruments and insurance products with any possible underlying. We draft financial agreements and we are specialized in allocating legal and operational risks associated to documentation (hedging vs final products) in order to reduce risks to the treasury desks of our Clients.

We render advice to our Clients in respect of financial derivatives, establishing their general policies in accordance with their business objectives and also in accordance with their clearing obligations through central counterparties. We are able to advise from all perspectives. We negotiate and model all type of master netting agreements (ISDA, CMOF, EMA) and we help our Clients to standardize precontractual and contractual circuits elaborating protocols, internal conduct rules, term sheets and unifying legal and economic terms. We negotiate and draft prime brokerage agreements, trading platforms agreements and we advise on the environment applicable to our Clients as the consequence of the entry into force of EMIR.

We advise on repo transactions and securities lending depending on the context and the needs of our Clients. We negotiate and draft all kind of financial securities such as collateral arrangements and pledges. We are specialists in the treatment of derivatives in insolvency proceedings and we act as advisors in pre-established default circuits of our Clients.