The Legal 500

Twitter Logo Youtube Circle Icon LinkedIn Icon

Shepherd and Wedderburn

1 EXCHANGE CRESCENT, CONFERENCE SQUARE, EDINBURGH, EH3 8UL, SCOTLAND
Tel:
Work 0131 228 9900
Fax:
Fax 0131 228 1222
DX:
551970 EDINBURGH-53
Email:
Web:
www.shepwedd.com

Patrick Bell

Tel:
Work 0131 473 5355
Email:
Web:
www.shepwedd.com/
Shepherd and Wedderburn

Work Department

Banking & Finance

Position

Patrick is a leading transactional finance lawyer and a partner in the banking & finance practice. His clients include a number of commercial and investment banks as well as funds, corporates, sponsors and developers. Having advised both lenders and borrowers, Patrick has wide experience of the issues faced by different parties to transactions and his international experience (in South East Asia, and in central and Eastern Europe) means that he is particularly adept at dealing with issues in bringing complex cross-border transactions to completion. Patrick’s practice encompasses mainstream corporate lending, acquisition finance, infrastructure & project finance and real estate finance.

Career

Trained Linklaters; qualified 1993; assistant solicitor Linklaters, London and Singapore 1993-98; managing associate London 1998-2001; partner Warsaw 2001-05; partner McClure Naismith 2005-07; partner Shepherd and Wedderburn 2007 to date

Member

Law Society (England and Wales).

Education

St Chad’s College, Durham (1988 BA History); Guildford Law School (1989 CPE; 1990 Law Society Finals).

Leisure

Fishing, tennis.


London: Real estate

Property finance

Within: Property finance

The 'excellent' team at Shepherd and Wedderburn has continued to strengthen its borrower client base, handling transactions for Accrue Capital and Scarborough Group; practice head Jonathan Rickard, who 'can be relied upon to provide insightful and effective advice', acted for the former in relation to its £42m acquisition of eight Isle of Man-incorporated SPVs, and Patrick Bell advised the latter on a senior development facility from a syndicate of lenders in relation to the development of the Middlewood Locks site in Manchester. The firm also boasts an established lender-side practice; the team recently acted for key client ICG-Longbow Debt Investments on the £50m refinancing of the Cornbow Shopping Centre near Birmingham. Banking clients include Santander and Deutsche Hypothekenbank, which Philip Knowles advised on the £43.5m financing of the acquisition of the Capella Building in Glasgow. Stephen Hubner, Sally Morris-Smith, newly promoted partner Lauren McLeod and 'highly effective' senior associate Lucy Hall are also noted.

[back to top]

Scotland: Finance

Banking and finance

Within: Banking and finance

Shepherd and Wedderburn undertakes high-end, big-ticket banking and finance transactions on a Scotland and UK-wide basis. Rod MacLeod, Hamish Patrick and Andrew Kinnes have an outstanding reputation in the funds finance space, and the latter two individuals are also well-known for their securitisations experience. In addition, the firm assists clients with real estate finance, leveraged finance, asset-based lending and debt capital markets transactions. In 2017, Patrick Bell and senior associate Lucy Hall acted for FairBriar in the £94.7m financing of the development of the 24.5 acre Middlewood Locks mixed-use scheme in Salford, Greater Manchester. Iain Wishart and senior associate Peter Alderdice advised Gatehouse Bank (a wholly Shariah-compliant investment bank) on the Islamic financing aspects of its circa £60m acquisition of Consort House and Bridge View in Aberdeen; this was one of the largest Islamic finance deals in the Scottish market in 2017. Practice head Fiona Buchanan led a team which acted as sole Scottish counsel to Cerberus European Investments as the seller in a £968.5m securitisation of residential mortgage-backed notes issued by Towd Point Mortgage Funding 2017-Auburn 11 Plc. Clare Foster heads up the clean energy and project finance practices. Senior associate Neil Cowan is also recommended.

[back to top]


Back to index

Legal Developments worldwide

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • Consolidated Group (Income Tax) Rules, 2019

    On 31 May 2019, Malta published the “Consolidated Group (Income Tax) Rules". The rules will come into force as from year of assessment 2020 and the rules introduce the concept of fiscal units into Maltese tax law .
  • Renewable energy in Ukraine: green auctions launched

    In the first half of 2019 alone, renewable energy facilities with a capacity of more than 1.5 GW were connected to the Ukrainian grid, with about 96% of those being solar and wind energy facilities. In the whole of 2018, which has been a record-breaking year so far, numbers were almost half as high. The Ukrainian market also remains very attractive to foreign investors, not least because of the lucrative feed-in tariff rates, which are paid out regularly. Now, after the adoption of the so-called law on green auctions, significant changes can be expected.
  • Economic Substance Requirements - Fund Managers

    The International Tax Co-operation (Economic Substance) Law, 2018 (the ‚ÄúES Law‚ÄĚ) came into effect in the Cayman Islands on 1 January 2019, requiring in-scope entities that carry on particular activities to have demonstrable economic substance in the Cayman Islands.
  • Shipping at the spotlight of terrorism

    Is terrorism the new norm for shipping?
  • Adidas three stripe Trademark Revocation

    In a judgment of the General Court of the European Union of the 19th June 2019, Adidas saw their hopes of extending their three stripes trademark dashed, as the court ruled that there was no distinctiveness in the three stripes trademark. Furthermore, the court held that the Adidas had failed to prove that the mark had acquired distinctive character through use throughout the member states of the EU.
  • David against Goliath ‚Äď Libra vs Central Banks: Who will win?

    Working in the crypto and DLT space is like being on an emotional rollercoaster with feelings which range from curiosity, excitement, euphoria, revelation, shock, disappointment, hope, wonder and determination ‚Äď did I miss any?
  • UK Telecoms company fined ¬£100K over unsolicited marketing messages

    The Information Commissioner‚Äôs Office (‚ÄėICO‚Äô) which is the UK‚Äôs data protection supervisory authority, recently issued a fine of ¬£100,000 to EE Limited, a telecoms company operating in the UK. The fine was issued in response to EE Limited having sent two and a half million unsolicited direct marketing messages to its customers, back in early 2018. The direct marketing messages were sent without EE Limited having first obtained the required consent to send them to its clients.
  • British Airways and Marriott International Inc. face huge fines from UK data protection authority

    British Airways (‚ÄėBA‚Äô) may be hit with what will be the highest-ever penalty which the Information Commissioner‚Äôs Office (‚ÄėICO‚Äô), the UK‚Äôs data protection supervisory authority, has handed out.
  • UAE Tax domicile certificate

    Issued by the Ministry of Finance in the United Arab Emirates (‚ÄėUAE‚Äô), the Tax Domicile Certificate (also referred to as the Tax Residency Certificate) enables eligible government entities, companies and individuals to take advantage of double taxation avoidance agreements on income signed by the UAE.
  • The Cayman Islands Data Protection Law, 2017

    The following information relates to the enactment of The Cayman Islands Data Protection Law, 2017 (" DPL "), which was expected to come into force on 29 January 2019, will now come into force in September 2019. The DPL will regulate the future processing of all personal data in the Cayman Islands.