A&O takes home Financial Services Regulatory Team of the Year prize in triple-win at IFLR Europe Awards 2018
20 April 2018
Allen & Overy was honoured at the 19th annual IFLR European Awards with three awards across a range of practices. The awards won are:
• Financial Services Regulatory Team of the Year
• Equity Deal of the Year (AIB IPO)
• Project Finance Deal of the Year (Yamal LNG)
The ceremony, held in London, brought together the continent’s best legal talent to celebrate 2017’s most innovative cross-border European transactions and the teams and firms that worked on them.
On the Financial Services Regulatory Team of the Year award, IFLR noted that: “Allen & Overy has remained one of the leaders on financial regulatory developments. The firm has advised clients in each segment of the financial markets on Brexit implications and supported sell-side and buy-side clients on Mifid II implementation and other regulations. A third key area has been ring-fencing projects and the impact of the EU’s Bank Recovery and Resolution Directive (BRRD). The firm has been a key player in new financial markets and worked closely with Nivaura on LuxDeco’s cryptocurrency bond issuance, the first fully automated crypto bond issuance settled and cleared on a blockchain infrastructure.”
The AIB IPO, the biggest European IPO of 2017 and largest London flotation since 2011, was described as requiring “substantial constitutional and public law advice” and containing “an innovative upside sharing mechanism” while the Yamal LNG transaction was termed “a one off”, with its multi-phase financing structure highlighted as a key innovation.
Damian Carolan, head of the financial services regulatory group at Allen & Overy in London, commented: “It was a real honour to be recognised in this way, across a range of practices. It’s testament to our commitment to guiding clients through an increasingly challenging landscape and working with them to develop the most innovative solutions, both in transactional and pure advisory matters, and for a huge range of products.”