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Paul Cluley

Partner

London

Paul Cluley

Partner

London

Paul specialises in derivatives and structured products and has worked as a partner in Allen & Overy's Tokyo, Hong Kong and London offices.

 

He has extensive derivatives transactional, contentious and advisory experience. Transactional work includes a wide range of structured finance, including structured repo and securities lending in the context of large scale funding and equity transactions and derivative portfolio disposals. Paul’s contentious practice covers disputes arising from all areas of derivatives practice – valuation and XVA, close-out and collateral disputes and allegations of invalidity and market-manipulation. Advisory work has in recent years focused on the imposition of margin requirements for uncleared derivatives. Paul also advises on sales of derivatives books and businesses, including the purchase by Société Générale of Commerzbank’s equity derivatives business, the purchase of a synthetic prime brokerage business and many large and complex derivative portfolio sales and purchases.

News & insights

Publications: 19 MAY 2020

Covid-19 coronavirus update: Bank of England Covid Corporate Financing Facility (CCFF)

The CCFF is one of the major support measures announced by HM Treasury.  The others include the Coronavirus Business Interruption Loan Scheme and the Coronavirus Large Business Interruption Loan…

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Publications: 17 APRIL 2020

Covid–19 coronavirus update: HM Treasury Coronavirus Large Business Interruption Loan Scheme (CLBILS) Speed Read- updated 19 May 2020

CLBILS is a scheme under which the UK Government will provide a partial guarantee of financing made available to mid-cap and larger businesses.  

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Publications: 06 APRIL 2020

Covid-19 coronavirus update: HM Treasury Coronavirus Business Interruption Loan Scheme (CBILS)

CBILS is a scheme under which the UK Government will provide a partial guarantee of financing made available to SMEs.  

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Publications: 10 DECEMBER 2019

Initial Margin for UK Pension Schemes – how to be SMARTEST

Initial margin (IM) requirements for uncleared over the counter derivatives contracts are being phased in, not just for financial institutions but also for financial end-users such as pension…

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Office

London

Allen & Overy LLP
One Bishops Square
London
E1 6AD

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Qualifications

Professional

Admitted as solicitor, England and Wales, 1995

Registered foreign lawyer, Japan, 2003

Registered foreign lawyer, Hong Kong, 2006

Academic

Law & European Legal Studies