As the challenges of modern business have increased, the
funding solutions required by corporates, and the financial
products offered by banks, have grown in complexity. Lenders and
borrowers share the desire to access and use capital, and to manage
financial risk, in more efficient and cost effective ways.
BLG's banking and financing team acts for banks and financial
institutions, in the UK and overseas, as well as corporates, on a
variety of structured finance matters. We have acted both for
the arrangers and providers of these innovative financing
techniques and products, as well as for the end users.
Structured finance demands a legal understanding of a range of
financial markets and disciplines, of those who operate in them, of
the risks to be addressed, and of the products and services
offered. Increasingly, banks, insurers, and other corporates are
having to address themselves to the effective and cost-efficient
management of their customers', and their own, business, financial
and regulatory risks. The knowledge and experience of BLG's
banking and finance team, as well as BLG's resource and expertise
in the areas of corporate finance, tax, financial market
regulation, and alternative risk transfer and litigation and
dispute resolution, make the firm highly suited to the challenges
of structured finance.
With our in depth understanding of the insurance industry, we
are uniquely placed to advise on such structures.
Transactions and disputes on which we have been involved or have
worked together with members of the firm's specialist insurance and
reinsurance teams include:
- securitisation of insurance receivables;
- reinsurance of weather-related derivatives;
- credit derivatives;
- residual liability insurance;
- Transactions involving protected cell companies; and
- credit risk insurance.
Our combination of skills has allowed us to advise in relation
to a number of the capital markets' most innovative structured
finance transactions, including corporate "whole business"
securitisations, as well as ground-breaking securitisations related
to the reinsurance and Lloyd's markets.