Expertise

Structured Finance & Securitisation

We assist clients on the structuring, documentation and execution of structured finance transactions.

The deals we work on include single and multi-issue securitisations (ABS, RMBS, CMBS, CLOs, CDOs) covered bonds, proprietary custom indices and investable products with embedded derivatives.

Our lawyers are knowledgeable, responsive and include Irish and English qualified lawyers. We have experience of private practice and working in-house with the businesses that structure and originate these deals.

Ireland is the leading jurisdiction for the establishment of SPVs, structured finance and securitisation structures. There are more than 2,300 SPVs incorporated in Ireland with €760+ billion in assets, representing 27% of the European market. The stock exchange in Dublin - Euronext Dublin – is experienced in the listing of specialist debt securities. As of 31 December 2018, 34,000+ debt securities from over 90 jurisdictions are listed there.

Mason Hayes & Curran is an approved debt listing agent with Dublin Euronext Dublin and prospectus adviser with the Central Bank of Ireland.

Our Services:

  • Securitisation (including structuring, incorporation, registration and reporting of SPVs and due diligence on underlying portfolio)
  • Derivatives
  • Structured Products
  • Proprietary Custom Indices
  • Benchmark Administration
  • Equity-linked, fund-linked and credit-linked issues
  • Preparation and approval of prospectuses, offering circulars / memorandums
  • Debt listing services
  • Corporate trust and agency

Recent Work

  • Advising Permanent TSB in its roles as sponsor and originator on the due diligence and legal title / transfer of assets on the Project Glenbeigh securitisation (a market leading NPL securitisation of Irish residential mortgage loans).

  • Advising a US based specialised provider of asset securitization programs on (i) the set-up of multiple Irish incorporated issuers and Euro Medium Term Note programmes and (ii) successive listed issuances under those programmes.
  • Providing on-going Irish law advice to the note trustee on a multi-issue asset backed loan note programme involving post-graduate student loans.
  • LinkedIn

Daragh_O_Shea_WEB.jpg

Daragh O’Shea

Partner