Matheson


Practice Areas

Structured Finance and Derivatives

Structured Finance and Derivatives

DOWNLOAD PDF >

Print this page

Investing in Ireland
Visit our FDI portal

Related Expertise

Expertise

"The team consistently produces high-quality work and makes time to fully understand each client's needs."
Chambers Europe

Our Structured Finance and Derivatives Group advises international financial institutions and corporations involved in arranging and executing structured finance transactions both in and through Ireland.

The nature of such transactions usually involves advising on each of the taxation, banking and financial services and capital markets elements of cross-border structures and results in our working closely with arrangers, originators and law firms in jurisdictions throughout the world.

Our Structured Finance and Derivatives Group has enjoyed a pre-eminent reputation in arranging structured finance transactions ever since our involvement in drafting the original securitisation legislation enacted in Ireland and subsequently advising in relation to the first securitisation of international assets through Ireland.

We were recognised as the leading Irish law firm for international bond issues in results issued in January 2011 by international financial publisher, Thomson Reuters. League tables published for 2010 show that Matheson advised on more international debt issuance transactions than any other Irish law firm. In fact, Matheson was the only Irish law firm to appear in the global bond issuance tables (ranked 13th in the world by total number of international bond deals). This result continues the previous excellent results obtained by Matheson in the Thomson Reuters league tables every year since they began in 2005. We are also ranked as one of the leading securitisation law firms in Ireland (European Legal 500, 2006 - 2011).

We are the only Irish law firm to have a dedicated Derivatives and Structured Finance Law Group. The Group draws on the specialist skills and technical expertise of lawyers from the Tax Department, the Banking and Financial Services Department and the Capital Markets Group. It is the pooling of these diverse skills in a practical and innovative manner that enables us to maintain and develop our leading position in the international structured finance market. We have advised on a wide range of structured finance arrangements, including:

  • traditional receivables securitisations of various asset classes
  • synthetic credit derivative based structures
  • collateralised debt obligation structures
  • securitisation programmes funded by issuing commercial paper
  • repackaging programmes funded by innovative debt issues
  • legal, regulatory and tax arbitrage structures
  • total return swap structures
  • off-balance sheet warehousing arrangements

Experience Highlights

We have advised our clients in relation to the following:

  • acted on the structuring and implementation of an innovative risk sheltering transaction involving the transfer of a portfolio of securities valued at approximately €23 billion from German Landesbank, WestLB to an Irish incorporated special purpose vehicle (SPV)
  • advised Dresdner Kleinwort as the joint arranger and lead manager on the issuance of the first ever sterling denominated commercial real estate CDO transaction called Glastonbury Finance 2007-1 plc valued at approximately Stg£354 million
  • advised BNP Paribas and Omega Capital Investments plc on the issuance of their first multi-maturity synthetic CDO valued at approximately €260 million
  • advising Deutsche Bank in relation to the establishment of a €10 billion repackaging programme
  • advising Merrill Lynch in relation to the structuring of the largest static CDO in Europe
  • advising Westdeutsche Landesbank in relation to a unique securitisation of commercial intellectual property
  • advising Deutsche Bank in relation to the structuring of the first real CDO backed by private equity
  • advising HypoVereinsbank and IKB Deutsche Industriebank in relation to the first Promise (Programme for Mittelstand) synthetic securitisation transactions
  • advising BNP Paribas in relation to the €3.25 billion Euroliberté synthetic CDO
  • advising Deutsche Bank in relation to repackaging Turkish debt instruments for sale to the Danish retail market
  • advising KBC Bank of Belgium in relation to a synthetic CLO transaction which transferred the risk on a €4.3 billion pool of corporate loans

Accolades

They are outstanding for debt capital markets.
Chambers Europe 2016

"Outstanding. The firm has helped us to overcome a great number of challenges. The relationship with the team is great, and the expertise provided is excellent."
Chambers Europe 2016

"My preference for Irish law matters. The firm's experience and initiative create a level of trust that distinguishes it from other practices."
Chambers Europe 2016

"Every time we have to find a solution, the team is very helpful at seeing the alternatives."
Chambers Europe 2015

"The team is proactive, user-friendly and responsive, with good energy and enthusiasm."
Chambers Europe 2015

Matheson’s debt practice is "the envy of the market".
European Legal 500 2015

Matheson has a reputation as one of the best debt and structured finance specialists on the market.
IFLR1000 2015

"The team consistently produces high-quality work and makes time to fully understand each client's needs."
Chambers Europe 2013

Matheson is a consistently strong performer for both debt and equity work.
European Legal 500 2013

"An outstanding team deserving of its first-class reputation. It consistently produces high-quality work."
Chambers Europe 2013

"The team consistently produces high-quality work and makes time to fully understand each client's needs."
Chambers Europe

Our Structured Finance and Derivatives Group advises international financial institutions and corporations involved in arranging and executing structured finance transactions both in and through Ireland.

The nature of such transactions usually involves advising on each of the taxation, banking and financial services and capital markets elements of cross-border structures and results in our working closely with arrangers, originators and law firms in jurisdictions throughout the world.

Our Structured Finance and Derivatives Group has enjoyed a pre-eminent reputation in arranging structured finance transactions ever since our involvement in drafting the original securitisation legislation enacted in Ireland and subsequently advising in relation to the first securitisation of international assets through Ireland.

We were recognised as the leading Irish law firm for international bond issues in results issued in January 2011 by international financial publisher, Thomson Reuters. League tables published for 2010 show that Matheson advised on more international debt issuance transactions than any other Irish law firm. In fact, Matheson was the only Irish law firm to appear in the global bond issuance tables (ranked 13th in the world by total number of international bond deals). This result continues the previous excellent results obtained by Matheson in the Thomson Reuters league tables every year since they began in 2005. We are also ranked as one of the leading securitisation law firms in Ireland (European Legal 500, 2006 - 2011).

We are the only Irish law firm to have a dedicated Derivatives and Structured Finance Law Group. The Group draws on the specialist skills and technical expertise of lawyers from the Tax Department, the Banking and Financial Services Department and the Capital Markets Group. It is the pooling of these diverse skills in a practical and innovative manner that enables us to maintain and develop our leading position in the international structured finance market. We have advised on a wide range of structured finance arrangements, including:

  • traditional receivables securitisations of various asset classes
  • synthetic credit derivative based structures
  • collateralised debt obligation structures
  • securitisation programmes funded by issuing commercial paper
  • repackaging programmes funded by innovative debt issues
  • legal, regulatory and tax arbitrage structures
  • total return swap structures
  • off-balance sheet warehousing arrangements

We have advised our clients in relation to the following:

  • acted on the structuring and implementation of an innovative risk sheltering transaction involving the transfer of a portfolio of securities valued at approximately €23 billion from German Landesbank, WestLB to an Irish incorporated special purpose vehicle (SPV)
  • advised Dresdner Kleinwort as the joint arranger and lead manager on the issuance of the first ever sterling denominated commercial real estate CDO transaction called Glastonbury Finance 2007-1 plc valued at approximately Stg£354 million
  • advised BNP Paribas and Omega Capital Investments plc on the issuance of their first multi-maturity synthetic CDO valued at approximately €260 million
  • advising Deutsche Bank in relation to the establishment of a €10 billion repackaging programme
  • advising Merrill Lynch in relation to the structuring of the largest static CDO in Europe
  • advising Westdeutsche Landesbank in relation to a unique securitisation of commercial intellectual property
  • advising Deutsche Bank in relation to the structuring of the first real CDO backed by private equity
  • advising HypoVereinsbank and IKB Deutsche Industriebank in relation to the first Promise (Programme for Mittelstand) synthetic securitisation transactions
  • advising BNP Paribas in relation to the €3.25 billion Euroliberté synthetic CDO
  • advising Deutsche Bank in relation to repackaging Turkish debt instruments for sale to the Danish retail market
  • advising KBC Bank of Belgium in relation to a synthetic CLO transaction which transferred the risk on a €4.3 billion pool of corporate loans

They are outstanding for debt capital markets.
Chambers Europe 2016

"Outstanding. The firm has helped us to overcome a great number of challenges. The relationship with the team is great, and the expertise provided is excellent."
Chambers Europe 2016

"My preference for Irish law matters. The firm's experience and initiative create a level of trust that distinguishes it from other practices."
Chambers Europe 2016

"Every time we have to find a solution, the team is very helpful at seeing the alternatives."
Chambers Europe 2015

"The team is proactive, user-friendly and responsive, with good energy and enthusiasm."
Chambers Europe 2015

Matheson’s debt practice is "the envy of the market".
European Legal 500 2015

Matheson has a reputation as one of the best debt and structured finance specialists on the market.
IFLR1000 2015

"The team consistently produces high-quality work and makes time to fully understand each client's needs."
Chambers Europe 2013

Matheson is a consistently strong performer for both debt and equity work.
European Legal 500 2013

"An outstanding team deserving of its first-class reputation. It consistently produces high-quality work."
Chambers Europe 2013



About cookies on our website

Following a revised EU directive on website cookies, each company based, or doing business, in the EU is required to notify users about the cookies used on their website.

Our site uses cookies to improve your experience of certain areas of the site and to allow the use of specific functionality like social media page sharing. You may delete and block all cookies from this site, but as a result parts of the site may not work as intended.

To find out more about what cookies are, which cookies we use on this website and how to delete and block cookies, please see our Which cookies we use page.

Click on the button below to accept the use of cookies on this website (this will prevent the dialogue box from appearing on future visits)