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 and insights
Publications: 28 July 2022
The equity capital markets have faced challenging conditions in H1 2022. European markets cooled, the Middle East boomed.
News: 28 July 2022
Allen & Overy has advised a syndicate of banks in connection with a capital increase with subscription rights from authorized capital against cash contributions from TAG Immobilien AG (TAG) in the…
News: 17 June 2022
Allen & Overy has advised the managers on the first green bond offering, by Bank of China Limited’s Frankfurt Branch, in reference to the Common Ground Taxonomy - Climate Change Mitigation report…
News: 24 May 2022
Allen & Overy has advised Oesterreichische Kontrollbank on legal aspects of its issue of USD1.0 billion 2.875% guaranteed global notes due 2025. The notes are guaranteed by the Republic of Austria and…