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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

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Publications: 20 JANUARY 2020

Brexit Podcast: The Brexit transition period - Business as usual for mainstream debt capital issuance for now

Unlike our previous Brexit podcast which focused on points relevant to a no-deal exit, this podcast covers the impact of the UK leaving the EU on 31 January with a deal and a transition period.

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Capital markets

Publications: 17 SEPTEMBER 2019

German regulator BaFin publishes guidance note on scrutiny of prospectuses for comprehensibility under PDIII

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Publications: 19 FEBRUARY 2019

How should Europe’s non-bank lending market be regulated?

​Non-bank lending in the European Union is becoming an ever more significant source of financing for business. In light of its increasing importance to Europe’s economy, policymakers are re-evaluating their approach to this market and considering whether the existing regulatory framework remains appropriate.

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Publications: 20 DECEMBER 2018

Foreign direct investment screening: Germany lowers FDI screening threshold for certain industries

On 19th of December 2018, the German government adopted amendments to the foreign direct investment screening regime.

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