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Latham & Watkins

Work 020 7710 1000
Fax 020 7374 4460

James Baxter

Work +44 20 7710 1030
Latham & Watkins LLP

Work Department



James Baxter is an English law-qualified counsel in the London office of Latham & Watkins. He specializes in international capital markets transactions.

Mr. Baxter represents investment banks and issuers in connection with (i) public and private debt offerings (including MTN programs) and listings on major European stock markets; (ii) liability management transactions, including bondholder consent solicitations, exchange offers and tender offers; and (iii) issuances of convertible and exchangeable bonds, all with a particular focus on emerging markets. He also advises listed companies on compliance with disclosure, regulatory and corporate governance requirements. Prior to joining Latham in 2008, he practiced as a solicitor in a major international law firm in London and Moscow, where he advised on a range of international capital markets transactions.

London: Finance

Debt capital markets

Within: Debt capital markets

Latham & Watkins¬†has a team of 'practical, commercial and hands-on problem solvers' and its US capital markets practice is one of the largest in London. Its emerging markets workload includes representation of¬†both issuers and investment banks on landmark and multi-jurisdictional debt offerings in Central and Eastern Europe, the Middle East and Africa. The practice advised initial purchasers including Citigroup and Goldman Sachs on the $500m debut issuance by Turkish petrochemicals company Petkim¬†Petrokimya. Sovereign deals are another key feature of the practice and a highlight was the firm's work for joint bookrunners on a $3bn notes offering by the government of Ukraine, which was listed on the Irish Stock Exchange. Both deals were led by key partners¬†¬†Lene Malthasen¬†and¬†David Stewart, who¬†is primarily based in Moscow but spends a significant amount of time in the London office. Malthasen is developing¬†the firm's English and European debt practice, as well as playing a leading role in emerging markets work, and she has extensive experience in liability management transactions. The London practice is also active in the US private placements market, and Malthasen represented TWINSET on a ‚ā¨170m notes issue. Counsel¬†James Baxter¬†also played a key role in that transaction.

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Emerging markets

Within: Emerging markets

Latham & Watkins  is a leading player in debt capital markets transactions involving emerging markets. The practice has extensive experience in Russia and the CEE region, as well as other key jurisdictions. Debt specialist Lene Malthasen is a key partner in the group, and frequently advises on Rule 144a issuances and liability management transactions in Russia, the CIS, the Middle East, Southern Europe and Asia. Last year, she advised the joint bookrunners on a $3bn notes offering and tender offer by the Government of Ukraine. The firm has worked closely with JPMorgan on all bond issuances out of Ukraine since 2016. David Stewart, who works between the London and Moscow offices, focuses on the broader CEMEA region, bringing his knowledge of US securities law to bear on debut bond offerings and liability management transactions. Malthasen and Stewart worked together to assist JPMorgan and Citigroup with an offering of loan participation notes to fund a loan to the State Export-Import Bank of Ukraine. Also recommended are counsels Ed Kempson and James Baxter for transactions in Russia and the CIS region; and project development and finance partner John Balsdon, who frequently handles oil and gas projects in emerging markets.

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