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Sub practice
Sub practice

Derivatives and Structured Finance

Our derivatives team, which consists of German and English qualified lawyers, belongs to one of the largest and most integrated derivatives and structured finance teams in the industry. It is renowned for being innovative and commercially aware of the latest market developments.

Our advisory and transactional work covers the full range of derivatives products including over-the-counter, exchange-traded or securitised derivatives, as well as credit derivatives, equity-linked derivatives, currency and interest rate swaps, weather and energy derivatives, fund-linked notes, index and commodity certificates, warrants, structured Schuldscheine, contracts for differences, securities lending and repo transactions, strategic equity transactions and collateral arrangements.

We advise most financial institutions active in the market on the full range of product wrappers (including structured notes, certificates, warrants and funds) and underlyings (including equities, credit, commodities, FX, funds, indices and proprietary trading strategies). We advise on flow and highly bespoke structured products and are at the forefront of product development and regulatory and tax issues.

We have been European, Hong Kong and U.S. counsel to the International Swaps and Derivatives Association, Inc. (ISDA) for many years and participate in other industry bodies. These roles put us at the forefront of legal, regulatory and documentary developments and innovations in the marketplace and keep us up to date with all relevant ISDA documentation. We can deal with any ISDA-related queries or concerns faster and more efficiently than most competitors.

For many years, we have advised clearing houses and exchanges on derivatives clearing issues, and now hold a prominent position in on the consequences of the EMIR regulation on the clearing of OTC derivatives.

News & insights

debt issuance programme

News: 05 MAY 2021

Advising banking syndicate on establishing a €5bn debt issuance programme for Vantage Towers AG and on the company's bond market debut

Allen & Overy has advised a banking syndicate (comprising BofA Securities as arranger and Deutsche Bank, BNP Paribas, Citigroup, LBBW and SMBC Nikko as further dealers) on the establishment of a EUR 5…

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two people working on a laptop

News: 22 APRIL 2021

Allen & Overy advises Scout24 AG on successful completion of public repurchase offer at a buyback volume of 794.2 million euros

Allen & Overy has advised Scout24 AG on the successful completion of its public repurchase offer. During the acceptance period from 1 April 2021 to 16 April 2021, 11,400,875 shares were tendered to…

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inside a plane

News: 09 APRIL 2021

Allen & Overy advises tourism group TUI on successful placement of 400 million Euro convertible bond

Allen & Overy has advised tourism company TUI AG on convertible bonds successfully placed today. The senior unsecured convertible bonds are due in 2028 and have an aggregate principal amount of 400…

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Allen & Overy graphic

Publications: 11 MAY 2020

Covid-19 coronavirus: DAI proposes comprehensive measures to facilitate capital increases in order to overcome the corona crisis

Deutsches Aktieninstitut e.V. (DAI), an association representing German listed companies, recently published a position paper setting out proposals for comprehensive measures to facilitate capital…

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