Legal advice for Financial Services
Our expertise ranges from corporate finance, lending, and restructuring, M&A and employment law for high value and complex claims.
We act for banks that cover both domestic and international business, at head office and branch level. We are able to provide advice on a broad range of lending transactions and security, spanning both the corporate business.
Most of the cases involve cross border legal implications and complicated international service hurdles which the firm has expertise in. In the cases dealt with, each have their unique features with varying challenges and which are often resolved in High Court litigation.
International and cross border banking
We also frequently advise in relation to cross border transactions, utilising our extensive network of international associate law firms, comprising our Interleges network and our other trusted contacts.
In addition to transactional work, our team also provide a specialist recovery, litigation and arbitration service. This covers Court action in both domestic and international arbitration, often with a cross border element.
We understand the challenges the Financial Services sector face
Our M&A lawyers advise clients from across the financial services industry on the full spectrum of M&A transactions from private M&A to minority investments. Working with asset management firms, IFAs and insurance brokerages as well as FinTech businesses, the team’s expertise in the sector enables us to guide our clients through transaction obstacles and deliver successful deal outcomes.
The Royds Withy King Employment & HR team is highly regarded and has a number of experienced and commercial lawyers who are used to supporting the Boards, in-house legal teams and human resources experts in global banks and financial institutions.
LIBOR transition & loans
With the FCA is phasing out LIBOR by q1 2021 there is a significant change for borrowers; understanding and planning for the impact is key to avoiding costly disputes.
These include advice from our specialist team in Commercial Property in relation to the taking of security over commercial and residential premises, and on lease liabilities such as dilapidations.
We offer proactive and practical secured lending advice to international financial institutions and high street, international, private, commercial and investment banks.
Our work includes acting for a bank in connection with a USD50 million facility to a large multi-activity Tanzanian business which holds interest in various international oil and gas concessions in respect their re-financing of their existing indebtedness and financing the business’s working capital.
We worked with the bank’s in-house legal team to draft the facility and security documents and negotiated these with the borrower’s solicitor and the banks overseas legal advisers.
This reflects the key relationship the team has with the bank as their key advisers and the cross-border transactional work we carry out.
We also regularly act for banks in assisting them to recover their non-performing assets and loan accounts. Examples include:-
• Obtaining Judgment against borrowers in India in respect of a commercial loan of circa USD $13M facility given for the purpose of constructing a toll road.
Recovery & Insolvency
Recovering monies advanced in respect of several facilities granted to a borrower in India secured against ships, in respect of which actions have been commenced in India with a potential claim in the UK also. The eventual action could be the sale of the ships.
Acting for banks in recovering monies lent to corporate borrowers and guaranteed by controlling individuals behind the corporate borrower, in sums ranging from USD $2M to USD $20M.