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Linklaters LLP

ONE SILK STREET, LONDON, EC2Y 8HQ, ENGLAND
Tel:
Work 020 7456 2000
Fax:
Fax 020 7456 2222
DX:
10 LONDON CITY EC3
Email:
Web:
www.linklaters.com
Abu Dhabi, Amsterdam, Antwerp, Bangkok, Beijing, Berlin and 25 more

James Harbach

Tel:
Work 020 7456 4445
Email:
Linklaters LLP

Work Department

Capital markets.

Position

Partner and head of the firm’s structured finance group, specialising in securitisation, structured finance, project and utility bonds, and private or state structured guaranteed debt offerings. Acts for international investment banks and financial institutions, as well as corporates, in arranging their structured asset and cashflow financings, including real estate financing and restructurings in the bank and bond markets, and has acted on many of the largest liquidity funding structures to support UK financial institutions during the recent credit crisis. Experience covers corporate structured secured and unsecured financings (including whole business securitisations and sale and leaseback financings), as well as residential and commercial mortgage securitisations (RMBS and CMBS) and all aspects of the refinancing and restructuring of such transactions during the credit crisis. Recent work has included receivables and consumer financings and structured asset financings for various investments bank clients.

Career

Trainee solicitor Linklaters 1989-91; assistant solicitor 1991-2000; partner capital markets department 2000.

Education

Bristol University (LLB).


London: Finance

Securitisation

Within: Leading individuals

James Harbach - Linklaters LLP

Within: Securitisation

According to clients, Linklaters LLPhas dominated the RMBS market for several years and has real strength across all asset classes’. The firm’s lawyers ‘have seen everything and bring clear, measured, commercial advice’. In an illustration of its RMBS workload, the team acted for Cerberus and FirstKey Mortgage on the securitisation of Northern Rock’s mortgage book in the three deals; of those, the £6.2bn Towd Point Mortgage Funding 2016-Granite 1 plc was the largest single RMBS transaction in the European market since the financial crisis and one of the first securitisations to comply with both US and European Union risk retention rules. Andrew Vickery (‘outstanding in covered bonds and RMBS deals’) heads the structured finance group, which includes James Harbach and Adam Fogarty, who are ‘leaders in the field of super-size loan portfolio securitisations’. Julian Davies, who is best known for structured utility bonds and whole-business securitisations, and Mark Nuttall are also highly recommended, as are newly promoted partner Alex Shopov and counsel Reza Taylor, who played prominent roles in the Granite transactions, and counsel William Trotman, who joined from Simmons & Simmons and specialises in RMBS, CMBS and covered bonds. Harbach led a team that advised Greene King on a £340m deal that was the first pub securitisation since the financial crisis. Vickery advised TwentyFour Asset Management LLP on the securitisation of UK buy-to-let loans, including a £300m issuance by Malt Hill No.1. Nuttall’s highlights included acting for National Grid on a £13.8bn whole-business securitisation stapled financing relating to the sale of a 61% share in its UK gas distribution business NGGD to a consortium of long-term infrastructure investors.

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