Contact details

David Lacey

T: +44 20 7809 2018 M: +44 7880 716 606 Email David | Vcard Office: London

David Lacey Partner

Contact details

David Lacey

David Lacey
Partner

T: +44 20 7809 2018 M: +44 7880 716 606 Email David | Vcard Office: London

David is a structured finance specialist with a particular focus on receivables financing and acquisition finance.  His extensive experience over many years of complex cross-border transactions is valued by clients in structuring transactions which are documented in a clear and straightforward fashion.
  • Profile
  • Services
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David has been involved in a range of structured finance transactions including invoice discounting, project finance, acquisition finance and cross-border secured lending.  He has worked both for finance providers and for borrowers which has given him a thorough understanding of the issues that are important to both sides in a transaction.

The Legal 500 described him as a highly regarded individual with "excellent technical knowledge, great experience and very strong drafting skills".  He has been named as a key individual and a recommended individual by Chambers and The Legal 500.

His trade finance experience involves pre-payment and pre-export finance transactions in various developing jurisdictions and his work in cross-border European transactions means he has experience of the wide range of legal issues that can arise when implementing cross-border financing structures.

He has been published in Trade & Forfaiting Review and is a guest lecturer at BPP University.

"quality and timeliness of advice is exemplary"
The Legal 500 UK 2014
  • Islamic finance
  • Trade finance

UK property developer

Advised the developer on a commodity murabaha financing for a Central London investment property.

Middle East finance company

Advised on the finance of the acquisition of shares in an English company involving a mix of compliant and non-compliant investment structures in England and Luxembourg.

Middle East finance company

Advised on the finance of a fleet of vessels to provide services to offshore oil production platforms in the Gulf.

More: Islamic finance

Prepayment financing for US Oil company

We advised our client on a pre-payment financing for oil in storage in an FPSO operating in an offshore Nigerian oil field.

Repurchase agreement for major Australian bank

We advised a major Australian bank on a repurchase transaction for powdered milk stored in European warehouses.

Term loan facility for Scottish oil company

We advised our client on a term loan facility to finance the development of additional oil production in an offshore Nigerian oil field.

Invoice discounting facility

We advised the bank on its purchase of receivables due to a global food group in respect of sales in various European markets.

Trade finance documentation advise for Hong Kong finance provider

We are advising the finance provider on standard trade finance documentation for purchase and on-sale financing in England.

More: Trade finance
  • Art and cultural property

Auction house

Advising on various issues relating to security over fine art including the application of the Bills of Sale Act and cross-border possessory security.

Auction house 

Advising on the operation of possessory security interests over fine art in the context of the standard terms of business of the auction house.

International private bank

Advising on various legal issues relating to taking security over a collection of pre-Colombian masks.

International private bank

Advising on a loan to a contemporary artist secured on various assets including artwork, which included advising on insurance aspects, the enforcement and realisation of security over the art and preparing a risk analysis paper on the risks in transactions of this nature.

Yacht purchaser

Advising on the sale of an artwork that had been integrated into a yacht as part of the sale arrangements for that yacht.

More: ​Art and cultural property

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09 Jun 2013

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© Stephenson Harwood LLP 2016. Any reference to Stephenson Harwood in this document means Stephenson Harwood LLP and/or its affiliated undertakings. Any reference to a partner is used to refer to a member of Stephenson Harwood LLP.