Financial Institutions

Our financial institutions team has considerable experience of advising UK and overseas financial institutions.

We use our deep sector knowledge to provide cost-effective solutions on a wide range of matters, including:

  • Property finance
  • Acquisition finance
  • Structured finance
  • Debt recovery
  • Receiverships
  • Administrations and liquidations
  • Regulatory issues
  • Litigation and dispute resolution

Our corporate practice advises banks and other providers of finance on the financing of major corporate transactions including mergers, acquisitions and joint ventures, both domestic and cross-border.

We provide practical solutions in contentious and non-contentious situations involving financially distressed businesses through our corporate restructuring and insolvency group. The team advises insolvency practitioners, banks, other lending institutions, stakeholders, troubled companies, directors and individuals on a variety of corporate insolvency-related issues.

Our real estate finance team is experienced and agile in responding to the requirements of financial institutions within the tight timescales imposed on them by their borrowers.

In addition, our financial services group advises UK and overseas-based clients on regulatory matters, fund establishment, transactional advice and dispute resolution. The team also works closely with our investment funds group advising on the requirements for establishing and marketing collective investment funds in the UK.

Charles Proctor

Charles Proctor

If you have any questions or queries please call Charles on +44 (0)20 3036 7324 or email cproctor@fladgate.com

Broad range of financial services experience across multiple industries, including hotels, tax and offshore structures, and the education sector. Regularly instructed by both borrower and lender clients on high-value and complex acquisitions and refinancings.

Chambers UK

Industries

Financial Institutions team

 

Real Estate Funds – the new elections regime

Neal Todd, Ella Leonard, Edward Morgan, Anthony Shatz

Fladgate acts for Equitix on the £47m acquisition of Crickhowell House, Cardiff

Fladgate’s Corporate team is further strengthened with the appointment of outsourcing and technology partner Tim Wright

Tim Wright

Fladgate continues with strong showing in Chambers UK 2019

Fladgate LLP achieves across the board rankings in Legal 500 for 2018

Hands off, its mine! Beneficial interests vs creditors’ rights

Fintech quarterly round-up: July – September 2018

Personal data: a global commodity subject to regional rules

Fintech quarterly round-up: April – June 2018

Exemption from withholding tax through private placements

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Fintech quarterly round-up: April – June 2018

Charles Proctor |

Exemption from withholding tax through private placements

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Smart contracts: are they as smart as they sound?

Charles Proctor |

New rules for Authorised Fund Managers

Charles Proctor |

Fintech quarterly round up: January – March 2018

Charles Proctor |

Personal recommendations – when investment advice gets personal

Charles Proctor |

Fintech regulation: Looking ahead to 2018

Charles Proctor |

Suspension following disciplinary allegations: neutral act or breach of trust and confidence?

Mike Tremeer |

Fladgate continues to be highly rated by Chambers UK 2018

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2017 Legal 500 ranks Fladgate across the board

Julian Lewis, Amy Collins, Andrew Kaufman, Graham Spitz, Richard Kaufman, Eddie Powell, Jonathan Hibberts, Helena Luckhurst, Mark Saunders, Alex Kaufmann, Alan Wetterhahn, Mark Harnett, Avram Kelman, Neil Vickers, Michael McCartney, Nigel Gordon, Paul Airley, Gideon Dabby-Joory, Alexander Wildschütz, Mark Buckley, Janet Keeley, Eugene Matveichuk, Stephen Lewis, Alison Mould, James Earl, Mike Tremeer, Kim McMurray, Amanda Hado-Bodfield, David Weare, Gary Smith, Luke Morris, Seetal Modi, Jenny Sargeant, Grant Gordon, David Robinson, Taj Rehal, David Baverstock, Richard Reuben, Digby Hebbard, Jeremy Whiteson, Sophia Purkis, Teresa Cullen, Steven Mash, Ian Brent |

Blockchain, cryptocurrencies and ICOs

Paul Airley |

New immigration rules will force UK banks to search bank accounts for illegal migrants

Sarah Gogan |

Fladgate LLP’s ‘very responsive, cost-effective’ practice provides ‘high-quality service’ and is noted for its ‘strong attention to detail’. The ‘highly experienced, commercial’ Kim McMurray is an ‘efficient, professional co-ordinator’ with a ‘can-do attitude’; she heads the practice jointly with Richard Reuben. Jeremy Whiteson advised Halamar Developments on the £50m refinancing of a property development in Soho. Other sponsor clients include Weston Homes and Hodson Developments; CIMC Capital, Europe Arab Bank and GreenOak UK Secured Lending are lender clients. Gary Smith has ‘very strong experience and industry knowledge’. Jenny Sargeant joined from Macfarlanes LLP in July 2016; Seetal Modi arrived from Sidley Austin LLP six months later. Luke Morris is also recommended.

Legal 500

Often sought to advise on finance transactions in the hotels, charities, healthcare and student accommodation sectors. Provides a full service, acting on everything from offshore structures to development finance. Acting on an increasing number of deals for Asian banks. Advised Halamar on the refinancing of a property development in Golden Square, Soho. Acted for a borrower group of companies, advised by Ziser Group, on a £45 million loan secured against four different properties in London. Kim McMurray acts for banks, funds and borrowers on a range of property finance transactions, including structured loans and securities. Sources say she is “very good at the banking side.”

Chambers UK

Focuses on financing transactions for clients across a range of industry sectors, including residential housing, student accommodation, healthcare and charities. Also has expertise in portfolio acquisitions and tax and offshore finance structures. “They are consistently proactive in their approach, providing solutions rather than problems to complex issues. They seem to have a natural ability to go straight to the heart of any issues, analyse the situation and provide very good advice.” “The speed of response and accessibility of the team is excellent.”

Chambers UK

Fladgate LLP recently represented a group of private investors against the VEB Bank of Russia in claims exceeding £25m, concerning bonds on which the debtors defaulted. Paul Howcroft, Simon Brew and Alexander Wildschütz are recommended.

Legal 500

Fladgate LLP “excels in giving clients substantially more partner time”. It advised 4C Hotel Group’s Camden Lock and Earls Court on the restructuring of the ownership and debt of the Holiday Inn Express in Earls Court. Other clients include Bank of Ireland, Close Brothers and Clydesdale Bank. Kim McMurray and Richard Reuben are recommended.

Legal 500

  • Swiss bank – US$85m Shari’ah compliant financing of major residential and commercial properties in London.
  • Leading UK Bank – successfully striking out a claim by a borrower against the Bank for the alleged negligence of the Bank and the receiver in the sale of two mortgaged hotels.
  • Bank – inquiries made by various authorities as a result of the LIBOR scandal.
  • Various financial institutions – investment and development loans on real estate for Ahli United Bank; Bank of Ireland; Bank of Singapore; Barclays Wealth; Close Brothers; Clydesdale Bank; EFG Bank Limited; Europe Arab Bank; HSBC Private Bank; ICG Longbow; J.P. Morgan International Bank; Kleinwort Benson; Lloyds; Royal Bank of Canada; The Royal Bank of Scotland; Santander; Schroders (C.I.) Limited; Société Générale de Banque au Liban; United Mizrahi Bank; United Trust Bank; and Zurich Bank.
  • Foreign bank – transfer of its assets to a UK subsidiary using the procedures in Part VII, FSMA.
  • German bank – various £multimillion arbitration claims in the International Chamber of Commerce Paris and The London Court of International Arbitration against London based insurance syndicates.
  • ICG Longbow – a variety of loans to UK and overseas borrowers secured on industrial, retail and residential investment properties and portfolios across the UK.
  • Santander – various loans including to refinance a tax driven hotel financing and an office investment.
  • UK regulated bank – calculation of its Tier One capital ratios under the Capital Requirements Directive.
  • Alpha Multi Property Trust PLC – financing aspects of a £65m senior and mezzanine refinancing of a portfolio of commercial properties.
  • New York lender – defending claims by Australian mining companies regarding operation of accounts in Switzerland.
  • German bank – claim involving complex issues of breaches or warranties of English law policies and liability under German law contracts following settlement of agreements with the insurers.
  • UK subsidiary of an Asian bank – provision of deposit/payment services across the European Union, including the use of the EU financial services “passport”.
  • Banks and foreign exchange traders – legal consequences of the removal of the CHF/EUR capped exchange rate in January 2015.
  • Royal Bank of Scotland v Etridge – acting for RBS throughout and at the House of Lords in relation to undue influence and constructive notice.

Integrated

Our clients come to us to solve problems that are often complex and multifaceted. We draw together the multiple strands of a business or personal challenge into a coherent, integrated legal response that combines the knowledge and experience of experts in all the relevant fields.

Partner-led

We operate in small teams in which partners not only take the lead but also do a significant amount of the detailed work. Clients can be assured that the partners they engage and brief will remain closely involved in developing and delivering the advice as part of our close-knit, expert teams.

Experienced

Fladgate has a long heritage of delivering high-quality legal advice. We have been providing practical legal solutions to businesses and private clients for over 250 years. Today we are one of the UK’s top 100 law firms, with over 80 partners and a reputation for providing solutions that work.