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Dentons

QUARTERMILE ONE, 15 LAURISTON PLACE, EDINBURGH, EH3 9EP, SCOTLAND
Tel:
Work 0330 222 0050
Fax:
Fax 0330 222 0052
DX:
ED137 EDINBURGH
Web:
www.dentons.com
Aberdeen, Abu Dhabi, Albany, Almaty, Amman, Amsterdam and 104 more

Susan Kelly

Tel:
Work 0131 228 7079
Email:
Dentons

Work Department

Banking and Finance

Position

Partner specialising in banking and finance with a UK and international remit. Advises a wide range of lenders and borrowers on corporate banking, acquisition finance, property finance and restructuring work. Recent deals include acting for John Menzies plc in relation to funding its acquisition of the fuelling division of BBA; acting for Baxters Food Group in relation to its recent refinancing and US private placement; and advising Bank of Scotland and Scottish Widows in relation to the provision of a £65m facility to LAR Housing Trust.

Career

Trained Dentons (formerly Maclay Murray & Spens); qualified 1993; assistant solicitor Maclay Murray & Spens 1993-96; Bank of Scotland, six-month secondment to legal services department 1994; associate 1996-98; partner Dentons 1998 to date; member of court, Strathclyde University 2014 to date.

Languages

French.

Education

Strathclyde University (1990 LLB; 1991 diploma).

Leisure

Opera; theatre; antiques; skiing.


Scotland: Finance

Banking and finance

Within: Banking and finance

Dentons now has a major banking practice in Scotland, following its combination with Maclay Murray & Spens LLP in October 2017. Led by Susan Kelly, the team acts for some of the largest corporate borrowers in Scotland in financing transactions across a wide variety of sectors, with particular strengths in food and drink, financial services and energy. It also generates a significant amount of lender-side work, with the firm having longstanding relationships with clients such as The Royal Bank of Scotland (RBS), Santander and Clydesdale Bank. As part of a wider global network, the Scotland-based team has a strong capability in cross-border transactions; this is particularly the case in funds finance, an area where recently promoted partner James Wilson and Kelly are leading experts. Outside of funds finance, Stuart Fitzsimmons and Anna Crosby acted as the lead counsel to Norwegian defence and maritime company Kongberg Gruppen ASA in the refinancing of a circa £200m revolving facility involving SEB Bank, Danske Bank, Nordea Bank and JP Morgan. Fitzsimmons and senior associate Johanne Lewin also assisted RBS, Lloyds Bank Plc, Nationwide and Blackrock with providing financing to Wheatley Housing Group. A notable asset-based lending transaction involved Wilson acting for First Milk Limited in the provision of a £76m asset-based lending facility by Wells Fargo in 2017. Ainsley Reid joined Morton Fraser.

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Legal Developments by:
Dentons

  • Legal aspects of documenting shipping finance transactions in the United Arab Emirates

    The United Arab Emirates (UAE) is strategically placed between Europe and the Far East. The UAE has been ranked among the top 15 maritime nations by the United Nations Conference on Trade and Development and the UAE Government is working on plans to transform the shipping industry into one of the country’s major economic sectors.
    - SNR Denton

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 “ES Law”) 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.
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  • UK Telecoms company fined £100K over unsolicited marketing messages

    The Information Commissioner’s Office (‘ICO’) which is the UK’s 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.
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  • UAE Tax domicile certificate

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  • 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.