Banks and banking

We advise banks and financial institutions across the world on transactional and contentious matters and in relation to every aspect of their business. We work closely with leading banks (including investment, central, development, clearing, retail, EXIM and boutique banks), asset and wealth managers, intermediaries, funds and pensions providers advising on the full range of commercial, corporate and regulatory matters.
  • Profile
  • Experience
  • Key contacts

Our work with banks and financial institutions is central to our practice. When Stephenson Harwood was founded in 1875 one of our first clients was the Hong Kong and Shanghai Banking Corporation. This relationship still holds true today. Although our firm and banking practice has grown substantially from our beginnings our work with banks and financial institutions remains a key focus of the firm.

Our services include:

  • public and private M&A
  • joint ventures and other corporate advice
  • litigation including experience of advising on LIBOR and FX related investigations, High Court cases and arbitrations and sanctions issues in France, Dubai, Hong Kong, Singapore and South Korea
  • debt and equity capital markets
  • structured, leveraged and asset financing
  • antitrust
  • outsourcing
  • data protection
  • employment, pensions, investments and benefits
  • restructuring and insolvency
  • regulatory and governance (including litigation)
  • tax
  • IP
  • corporate finance
  • funds
  • private wealth / private client matters

We offer pragmatic, commercial and timely advice and are committed to the banking industry.

"The firm has longstanding relationships with the main bank players in the market and understands the particular drivers and requirements of the relevant bank lender. The team’s ability to see both perspectives means that the team members are pragmatic and will not pursue a point for sake of argument, which wastes time."
The Legal 500 UK 2022

HSBC, RBS, Wells Fargo, Helaba, Sumitomo Mitsui, Credit Agricole and Barclays

Advised on a £540 million facility to Mount Eden Land Limited secured on the Langham Estate.

LIBOR and FX

Advising on a number of matters involving allegations of LIBOR manipulation and mis-selling. We have been involved in one of the major test cases on LIBOR issues and continue to advise on UK and international investigations. We are also advising on a number of matters involving allegations of misconduct and the use of anti-competitive devices in the FX market both in the UK and the USA. We have advised on a number of recent high profile international spot FX manipulation investigations.

The Co-operative Group

Advising the bond trustee on issues arising in relation to a liability management exercise involving an exchange offer and a scheme of arrangement in relation to nine subordinated bond issues by The Co-operative Bank plc aggregating in excess of £1.2 billion.

Wells Fargo

We advised Wells Fargo who provided financing to Cerberus Capital Management, LP in relation to its acquisition of Dutch SPVs owning 6 regional shopping centres across the UK.

We also advised Wells Fargo Capital Finance as lender and co-lead arranger (alongside Silicon Valley Bank) on a £45 million senior secured credit facility agreement to finance the take private acquisition of Kewill plc by Francisco Partners.

Securities litigation

Acting for a global asset manager in connection with litigation relating to a portfolio of RMBS and CMBS assets including noteholder claims in England and securities fraud claims in New York and California.

Regulatory reporting

Advising a Middle Eastern bank on compliance with the EU's Capital Requirements Directive and Regulations and the reporting framework established by the PRA in COREP to harmonise supervisory reporting standards.

BNP Paribas US$1.1 billion ship financing for Nigerian LNG Limited

Advised Bonny Gas Transport, a subsidiary of Nigeria LNG, on the purchase of six Korean newbuild LNG vessels partly financed by complex financing arrangements involving two separate ECA-backed tranches and a commercial bank tranche with pooled security. We represented each of the lenders of these facilities.

Deutsche Bank AG, $1.2 billion loan for 12 container ships

Advised on a multi-tranche syndicated K-sure backed loan facility for the partial financing of 7 14,500 and 5 18,800 TEU container ships for wholly-owned subsidiaries of United Arab Shipping Company

Directors and officers liability

Advising on claims following high profile corporate collapses. We also act for insolvency practitioners and others in investigating and pursuing recoveries from former management.

Latest news & insights

10 Jul 2024

From Insights

Undue influence – court rejects new category of "hybrid" transactions

Those who lend to and take third party security and/or guarantees from individuals will be interested in the recent case of One Savings Bank plc v Waller-Edwards.

More

11 Dec 2023

From News

Stephenson Harwood wins 'Banking & Finance Team of the Year' award

Law firm Stephenson Harwood has been awarded 'Banking & Finance Team of the Year' at the Oath Middle East Legal Awards 2023.

More

14 Jul 2023

From News

Kamal Shah and Gregory Xu named in India Business Law Journal’s ‘International A-List’

Stephenson Harwood partners Kamal Shah and Gregory Xu have been named in India Business Law Journal’s (IBLJ) ‘International A-List’ 2023.

More

12 Jul 2023

From News

Stephenson Harwood (Singapore) Alliance advises on award-winning sustainable infrastructure deal

Stephenson Harwood (Singapore) Alliance has advised on a sustainable infrastructure deal – relating to Peacock Container Group's (Peacock) US$240 million sustainabilit..

More

17 May 2023

From Insights

Re Avanti Communications Limited (in administration) – evolution of the control required for a fixed charge

The High Court recently issued its ruling in the matter of Re Avanti Communications Limited (in administration). It is the first major case since the pivotal 2005 Hous..

More

28 Mar 2023

From Insights

States, take note: Law Debenture v Ukraine

In The Law Debenture Trust Corporation plc v Ukraine [2023] UKSC 11, the Supreme Court dismissed a summary judgment application made by the Law Debenture Trust Corpora..

More

24 Mar 2023

From News

Stephenson Harwood (Singapore) Alliance advises on award winning India deal

Stephenson Harwood (Singapore) Alliance has advised on a deal which has been recognised at the India Business Law Journal (IBLJ) Deals of the Year Awards 2022.

More

22 Mar 2023

From Insights

Valuing appropriated financial collateral in a "commercially reasonable manner" – what ABT Auto Investments v Aapico tells us

Appropriation is a useful self-help remedy available under the Financial Collateral Arrangements (No. 2) Regulations 2003 to lenders who benefit from security over qua..

More

10 Mar 2023

From News

Stephenson Harwood advises Carmoola on debt financing

Law firm Stephenson Harwood has advised Carmoola on its £95 million debt financing.

More

11 Nov 2022

From Insights

UK sanctions: prohibition on the maritime transportation of crude and petroleum oil and products

On 5 December 2022, the 16th amendment1 to the UK's sanctions against Russia, The Russia (Sanctions) (EU Exit) Regulations 2019 (the "Regulations")2, comes into force ..

More

09 Nov 2022

From Insights

Reservation of Rights Letters following Lombard North Central plc v European Skyjets Ltd (in liquidation)

This article looks at the recent Lombard North Central v European Skyjets Ltd (in liquidation) case, which provided a useful reminder that a lender's conduct following..

More

25 Oct 2022

From News

Stephenson Harwood named key player by India Business Law Journal

Law firm Stephenson Harwood LLP has been named a key player by India Business Law Journal, for the sixth consecutive year. It was recognised alongside 14 other leading..

More

14 Jan 2022

From Insights

A guide to the sale and purchase of yachts webinar

The Stephenson Harwood superyacht team recently hosted its fourth panel discussion on ‘A guide to the sale and purchase of yachts'.

More

06 Dec 2021

From News

Philip Clarke joins Stephenson Harwood as partner

Law firm Stephenson Harwood LLP has strengthened its regulatory practice with the addition of Philip Clarke, who joins the firm as a partner in Dubai.

More

19 Jan 2021

From Insights

Que faut-il retenir du projet de réforme du droit des sûretés ?

Le Ministère de la Justice a soumis à consultation publique jusqu’au 31 janvier 2021 son avant-projet d’ordonnance portant réforme du droit des sûretés.

More

10 Nov 2020

From News

Stephenson Harwood advises NAB on a US$178 million limited recourse financing

Stephenson Harwood (Singapore) Alliance has advised National Australia Bank Limited (NAB) on the structuring and documentation of a US$178 million limited recourse fin..

More

print-footer
logo
© 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.