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Our Banking Practice at the Heart of the World’S Financial Markets

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Our Banking Practice at the Heart of the World’S Financial Markets Our Banking practice At the heart of the world’s financial markets 2020 allenovery.com 2 Our Banking practice | At the heart of the world’s financial markets | 2020 A leading Banking practice Allen & Overy fields the market’s pre-eminent banking practice with over 1,000 lawyers worldwide. Few practices can match our top tier position across the full range of financial products. With such a deep team and global reach, international and OUR BANKING PRACTICE COVERS THE FULL industry-leading ‘first-of-a-kind’ transactions are our hallmark. RANGE OF BANKING PRODUCTS AND IS SPLIT We have been instrumental in nearly all the major developments INTO THE FOLLOWING TEN PRODUCT LINES in the modern financial markets. Over 800 global corporate and financial institutions entrust us with the full range of their Asset finance domestic and cross-border transactions and rely on the depth and breadth of our expertise, intellectual rigour and proven track record of finding successful and commercially astute solutions. Asset management Although the work of each group is distinct, the complex and Financial services regulatory cross-border nature of many of the transactions we act on means that there is also a great deal of collaboration between groups. For example, we have developed cross-practice teams to advise Corporate lending on key issues for our clients such as IBOR transition and repapering projects, Britain’s proposed exit from the EU and the Islamic finance increased importance of financial technology (Fintech) companies in the market. Leveraged finance Projects, energy and infrastructure Real estate finance Restructuring Trade, commodities and export finance A&O is described as “one of the leading Band 1 Banking banking and finance practices”. and Finance Chambers Global 2020 Chambers Global 2020 © Allen & Overy LLP 2020 3 Global presence KEY STATISTICS NORTH AMERICA EUROPE AFRICA ASIA PACIFIC New York Amsterdam London Casablanca Bangkok Washington, D.C. Antwerp Luxembourg Johannesburg Beijing Barcelona Madrid Hanoi CENTRAL & Belfast Milan MIDDLE EAST Ho Chi Minh City SOUTH AMERICA Bratislava Moscow Abu Dhabi Hong Kong 5,500 São Paulo Brussels Munich Dubai Jakarta* Budapest Paris Perth People * Associated office Düsseldorf Prague Seoul Frankfurt Rome Shanghai Hamburg Warsaw Singapore Istanbul Sydney Tokyo 2,300 Yangon Lawyers The world’s leading transactional law firm In 2019 We were one of We advised on only two firms 550 more deals than Partners to surpass 17%We advised on more deals any other firm than our nearest competitor USD1tn Cross-border In our last financial year, ending April 30 2019, 40Over 40 offices around the world our top 50 clients were advised by an average of 23 offices. allenovery.com 4 Our Banking practice | At the heart of the world’s financial markets | 2020 Market position Project finance league tables We consistently act as the leading adviser in terms of both deal value and the number of transactions completed globally, as our performance in 2019 highlights below. GLOBAL PROJECT FINANCE FOR 2019 YTD Rank Adviser Amount (USDm) No. of deals % Market share 1 Allen & Overy LLP 73,542 64 6.8 2 Linklaters 60,145 53 5.5 3 Clifford Chance 52,885 76 4.9 Source: IJ Global 1 January 2019 to 2 December 2019 Syndicated lending league tables In EMEA, A&O is ranked number one legal adviser for both in Allen & Overy, and demonstrates why we are the standout firm borrowers and lenders for deal volume for the eighth successive year. in the market. Our experience advising both borrowers and lenders Our achievement in this very competitive climate signifies the gives us a 360° view of the market and a unique understanding of continued confidence that both borrowers and lenders have the bankability of deal terms. 2019 EMEA BORROWER ADVISER (FULL YEAR) 2019 EMEA LENDER ADVISER (FULL YEAR) Rank Adviser Proceeds (USDm) No. of deals Rank Adviser Proceeds (USDm) No. of deals 1 Allen & Overy LLP 25,741 28 1 Allen & Overy LLP 96,945 75 2 White & Case 20,450 5 2 Clifford Chance LLP 74,365 61 3 Clifford Chance LLP 17,548 19 3 Latham & Watkins LLP 27,034 42 Source: Refinitiv Syndicated Loans EMEA Legal Advisors Review FY2019 Source: Refinitiv Syndicated Loans EMEA Legal Advisers Review FY2019 2019 EMEA BORROWER ADVISER (FULL YEAR) 2019 EMEA LENDER ADVISER (FULL YEAR) Rank Adviser Proceeds (EURm) No. of deals Rank Adviser Proceeds (EURm) No. of deals 1 Allen & Overy LLP 33,031 44 1 Allen & Overy LLP 88,986 95 2 Linklaters 29,165 20 2 Clifford Chance LLP 78,893 89 3 Clifford Chance LLP 22,853 30 3 Linklaters 33,903 34 Source: Bloomberg EMEA Syndicated Loans Advisors League Tables FY2019 Source: Bloomberg EMEA Syndicated Loans Advisors League Tables FY2019 “Renowned for its work acting for Asian and European financial institutions on their investments across the Asia-Pacific region”, A&O is described as being “a truly global firm”. Chambers Asia-Pacific 2020 © Allen & Overy LLP 2020 5 Awards and accolades International Financial Services Banking and Band 1 Regulatory Team Finance Firm Islamic Finance of the Year 1 of the Year Chambers Asia Pacific IFLR Europe Awards 2020 Region 2019 China Law & Practice Awards 2019 Leading Global Innovation in Ranked No.1 Leading Transactional Law Firm Cross-border Leveraged Finance by Volume & Value Restructuring Adviser in Europe of Deals and Insolvency Debtwire Western Europe Leveraged Loans Legal Advisers’ League Table (Noble) Refinitiv & Dealogic 2019 Report 2019 Global Restructuring Review 2019 Latin America Transportation Downstream Law Firm of Band 1 Real Oil & Gas Deal the Year Estate Finance Chambers UK 2019 of the Year Global Transport Finance Awards 2019 (Petroperú CESCE refinery) IJ Global 2019 Ranked No.1 EMEA for Global Law Global Law Borrower & Lender, Firm of the Firm of the Syndicated Loans Review Decade Year 2018 Legal Advisers 2018 PFI 2019 Infrastructure Investor 2019 Refinitiv 2019 Renewable Latin American Middle East Energy Law Water Deal of Legal Adviser Firm of the Year the Year of the Year 2018 Finance Monthly 2019 (Spence Desalination project) IJ Global 2019 IJ Global 2019 Ranked in the top ten, Most Innovative Band 1 Projects by volume, across Law Firm 1 & Energy several categories in Europe Chambers Global 2019 Debtwire’s 2018 North America Leveraged Financial Times Innovative Loans Legal Advisers’ League Table Report Lawyer Awards 2007, 2011, 2012, 2014, 2017 and 2018 allenovery.com 6 Our Banking practice | At the heart of the world’s financial markets | 2020 Asset finance The asset finance team has extensive Our recent experience includes advising: experience advising on transactions in all sectors of the asset finance industry. AFIC INSURANCE GROUP YAMAL LNG On the French tax lease financing of On the LNG shipping aspects of the Our client base includes banks, two Boeing 737 aircraft for Royal Air project to transport LNG from its plant in financiers, funds, owners, airlines, lessors, Maroc (RAM). This was the first AFIC Sabetta on the Yamal Peninsula in Arctic supported financing for RAM and the Russia (currently under construction) to manufacturers, captive finance companies, first AFIC transaction involving KfW and Asia and Europe. In particular, advising on operators, borrowers, lessees, export credit Caixa Bank. Middle East Deal of the the construction and chartering tender Year 2019, Airline Economics. process with shipyards and shipowners agencies and governmental and respectively, including drafting and international organisations. A SIGNIFICANT negotiation of shipbuilding contracts, OPERATING LESSOR supplemental construction agreements and long-term time charterparties, and all We advise on both domestic and cross-border asset On the acquisition and financing ancillary documentation, for 15 LNG aspects of Avolon’s entire regional financings, including all types of debt, lease (both tax ice-class (ARC 7) carriers, two ice-class aircraft fleet, totalling 49 aircraft. and non-tax-based) and capital-markets-driven products, (ARC 7) condensate tankers and six securitisations, Islamic financings, receivables financings, CERBERUS conventional (ARC 4) LNG carriers. vendor programmes and retail finance. The team On the financing, provided by a global advises on the sale and purchase of leasing companies FALKO REGIONAL financial institution, of a portion of the AIRCRAFT LIMITED and portfolios and the structuring of regional and purchase price of a portfolio of shipping loans from NordLB. On a number of financing facilities global leasing business networks. We also advise on arranged by Investec for two separate aircraft repossessions and airline and ship restructurings OAKHILL AND VÄRDE aircraft portfolios of 18 aircraft. and insolvencies. The financing involved synchronising On the acquisition of a USD1bn deliveries across a number of We cover all types of vessel and offshore installations, portfolio of shipping loans from a global challenging jurisdictions and back financial institution. The portfolio leveraging of other aircraft. including LNG carriers, container ships, FPSOs, included over 40 loans secured drill ships/drilling rigs, tankers, VLCCs, cruise ships against 70 vessels. The loan portfolio CHC HELICOPTERS and luxury yachts. We advise on all types of aircraft has underlying exposure to a diversified The lenders, SACE and Coface (including helicopter) financing: this includes all types pool of shipping sectors and borrowers. Shipping Portfolio Deal of the Year, in connection with CHC Helicopter’s of pre- and post-delivery financings, ECA-backed 2018, Global Transport Finance. Chapter 11 process, including financing, capital-markets-backed financings, the sale advising on the leasing arrangements and purchase of new and used aircraft, and structured AFIC in place with CHC, insurance arrangements, repossession advice, financing, as well as on general aviation matters such On the establishment of their pioneering enforcements against and sale as regulatory and maintenance. new structure which uses private of helicopters which were rejected insurance cover for the financing as part of the Chapter 11 process.
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