People

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Micheál Grace

Partner


Micheál is a partner in our Financial Services team and former Head of our London Office. Micheál advises financial institutions, funds, corporates and private equity on real estate finance, syndicated credit facilities, tax driven financing structures as well as development, construction and project finance.

In recent years, he has advised vendors, banks and purchasers on the acquisition and financing of large non-performing loan portfolios. He also advises clients on loan on loan financing, distressed asset sales and restructuring. Micheál has particular experience in advising international clients on financing large residential developments, mixed-use developments, industrial facilities and data centres.     

Specialties

  • Real Estate and Development Finance
  • NPLs
  • Restructuring and Distressed Assets
  • Structured Finance and Securitisation
  • Infrastructure, Energy and Environment

Representative Matters

  • Advised Bank of Ireland in financing and re-financing the acquisition of a number of multi-unit residential developments by a US sponsored ICAV with a number of sub-funds.
  • Advised a leading US co-location data centre provider in relation to the acquisition, construction and financing of an 18MW data centre in Dublin.
  • Advised Permanent tsb on the €2.1bn Project Glas loan portfolio sale, the largest non-performing sale of its kind in the Irish market.

Recommendations

Chambers & Partners, 2019

Micheál is "excellent, calm under pressure and a pleasure to work with. He explains complex issues in an easy-to-digest way," according to satisfied clients.

Legal 500, 2019

Micheál is recognised as a “Leading Individual”.

Speaking Engagements & Teaching

  • Micheál has spoken at conferences organised by the American Bar Association (Section of International Law), UKTI, British Irish Chamber of Commerce, Society of Young Solicitors Ireland, Dublin Solicitors Bar Association and AIJA (International Association of Young Lawyers).
  • Micheál has lectured on the Irish Law Society’s Certificate of Banking Law and Practice course.

Authorship

Chambers Global Practice Guide – Banking and Finance – Ireland Chapter 2018

"Society of Young Solicitors Ireland - Scholars, Youth & Success Since 1965" (Co-Editor)

Contributor to The World Bank/International Finance Corporation's "Doing Business" Series

University College Cork’s Cork Online Law Review (Editorial Committee)

  • LinkedIn

Areas of Expertise

Financial Services Banking Law Commercial Real Estate Finance Energy, Utilities & Projects Insolvency & Restructuring

Professional Memberships

Law Society of Ireland

Solicitor of the Senior Courts, England and Wales

British and Irish Chamber of Commerce (Council Member and former director)

International Bar Association

Society of Young Solicitors Ireland (Past Chair)

Ireland Network Great Britain (Past Chair)

Education

Law Society of Ireland, Blackhall Place (Solicitor)

University College Cork (LLM)

University College Cork and St Louis University School of Law (BCL (Intl))