Insights Financial Services

Impact of the EU’s Russia/Ukraine Sanctions in Ireland

The EU’s Russia/Ukraine sanctions regime is part of the EU’s foreign policy response to Russia’s continuing aggression against Ukraine. The EU’s sanctions regime was dramatically expanded during 2022 with nine additional packages

These…

03/03/23

Structured Finance & Securitisation

Ireland is a leading jurisdiction globally (and the leading European jurisdiction) in which to incorporate and service special purpose vehicles (SPVs) and financial vehicle corporations (FVCs) for structured finance and securitisation transactions. Irish SPVs/FVCs are used to issue and list debt securities and to acquire portfolios of assets.

We assist Irish and international sponsors and originators, issuers, lead managers and arrangers, trustees and agents on the structuring and execution of these transactions. We work on public and private standalone and multi-issue securitisations, asset-backed securities and repack transactions.

Our team includes Irish and English qualified lawyers, who have national and international private practice and in-house experience. They have worked for, and within, the financial institutions that structure and coordinate these transactions.

We also assist issuers to list their debt securities at a number of leading exchanges, including Euronext Dublin (the #1 bond listing venue worldwide), Vienna MTF, The International Stock Exchange (TISE) in the Channel Islands and Borsa Italiana (also a member of the Euronext group). We also provide guidance on which exchange to list at and an issuer’s continuing obligations.

The team includes lawyers with a dedicated focus on the corporate trustee and the agency community. We are one of the only Irish law firms with such a focus.

Financial Services

Structuring, incorporation, registration and reporting of SPVs/FVCs and due diligence on underlying portfolios
Residential mortgage-backed securities (RMBS) and commercial mortgage-backed securities (CMBS)
Consumer and commercial asset backed securities (ABS)
Collateralised loan obligations (CLOs), collateralised bond obligations (CBOs) and collateralised debt obligations (CDOs)
Structured investment vehicles and structured credit vehicles
Covered bonds
Derivatives and synthetic securitisations
Corporate trustee and agency
Prospectuses, listing particulars and other offering documents
Debt listing services

Lead counsel to a multilateral development bank in respect of sovereign guarantees being by certain G7 members in connection with loans to Ukraine’s gas utility and electricity network.
Lead counsel to a multilateral development bank on its entry into a €450 million Irish law InvestEU guarantee with the European Union.
Lead counsel to MM Capital Limited / Elgin Property Finance Limited in relation to the establishment of a direct lending platform in Ireland.
Advising Permanent TSB PLC in its capacity as Noteholder of the Class V Notes issued by Glenbeigh 1 securitisation.
Trustee counsel Apex Corporate Trustees (UK) Limited in respect of MBA Community Loans PLC’s €1 billion secured limited recourse note programme. Notes issued under this programme are approved to be admitted to the official list of Euronext Dublin and to trading on its regulated market.

MHC Structured Finance Securitisation Flyer 2023 MHC Derivatives Flyer 2023 MHC Debt Capital Markets and Listings Flyer 2023 MHC Corporate Trust Agency Flyer 2023