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Dentons

Living Wage
ONE FLEET PLACE, LONDON, EC4M 7WS, ENGLAND
Tel:
Work 020 7242 1212
Fax:
Fax 020 7246 7777
DX:
242 LONDON CHANCERY LANE WC2
Web:
www.dentons.com

David Cohen

Tel:
Work 020 7246 7535
Email:
Dentons

Position

David Cohen is a partner in Dentons’ capital markets practice. His practice covers a wide range of product areas, including public, listed eurobonds, private placements, EMTN programmes, CP programmes, high-yield bonds, loan participation notes, project bonds and structured products. He acts for a various market participants, including issuers (financial institutions, sovereigns and corporates), underwriters and trustees.

Career

Trained 1992-94 Clifford Chance, lawyer 1994-2003; partner Dentons (formerly SNR Denton, Denton Wilde Sapte).

Member

Law Society of England and Wales (training membership).

Education

University of Machester (LLB Hons).


London: Finance

Debt capital markets

Within: Leading individuals

David Cohen - Dentons

Within: Debt capital markets

Dentons¬†has a strong emerging markets debt practice and is continuing to invest in the capital markets team. Having brought in¬†Nick Hayday¬†from¬†Freshfields Bruckhaus Deringer LLP¬†and¬†US securities partner¬†Cameron Half¬†from¬†Allen & Overy LLP, the firm subsequently added highly regarded trustee partner¬†Catriona Llloyd¬†from¬†Linklaters LLP¬†to round out its DCM capability. From London, the firm provides¬†English and US securities law expertise to advise on international bond issues across Africa, the Middle East, Turkey and Central and Eastern Europe. Its work encompasses sovereign debt and notes offerings by financial institutions and energy companies, as well as liability management transactions and sukuks. It also handles debt restructuring and defaults for¬†corporate trustees. Head of debt capital markets¬†David Cohen¬†has a long track record of emerging markets transactions and with Hayday he advised¬†Lietuvos Energija, which is one of¬†the largest state-owned energy companies in the Baltic region, on the establishment of an EMTN programme and its ‚ā¨300m¬†debut Regulation S green bond issue. Hayday's highlights also included acting for Hurricane Energy in its $520m fundraising, which included $230m of convertible bonds, to develop¬†untapped oilfields on the UK continental shelf. Half handled the US securities aspects of that deal. Also recommended are¬†Nikolas Colbridge¬†and rising star associate¬†Gareth Burton.

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Emerging markets

Within: Emerging markets

Dentons¬†is 'responsive, clear and pragmatic' on structured finance transactions in emerging markets. One client praises the lawyers' 'availability, really fast response times and excellent industry knowledge'. The firm has a large network of offices around the world, on which the London office draws for deep sector expertise and local market knowledge. Its track record in Africa goes back more than¬†50 years, though it also focuses heavily on the Middle East,¬†Russia and the CIS for banking and finance transactions. The firm's respected¬†Islamic finance practice frequently handles sukuks and other shari'ah-compliant structures. Capital markets is its key area of work in emerging markets, though it also handles¬†energy projects, and trade and project finance transactions. Its highlights deals from 2017 included acting for Lithuanian energy company Lietuvos Energija on its ‚ā¨300m green bond offering under its EMTN programme. This was the first international green bond issues in the CEE region, and¬†DCM specialists¬†Nick Hayday¬†and¬†David Cohen¬†¬†led the transaction.¬†Celia Gardiner¬†is a leading light in structured trade and commodity finance and one client describes her as 'very strong at simplifying complicated matters, and very clear and persuasive in her explanations'. She advised¬†Sumitomo Mitsui Banking Corporation on a $1.3bn pre-export finance facility for the Ghana Cocoa Board.¬†Paul Holland¬†leads the London banking practice and is a core member of the Islamic finance group.¬†US securities partner Cameron Half¬†handles high-profile debt and equity transactions.¬†Also recommended are¬†international oil, gas and power sector expert Danielle Beggs, infrastructure partner Dominic Spacie, energy sector finance expert Tim Pipe, and syndicated loan practice head Isaac Felberbaum.

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Securitisation

Within: Securitisation

Dentons¬†provides 'excellent service and has in-depth knowledge in the area'.¬†RMBS, covered bonds and warehousing transactions are key areas of activity for the practice, which is also prominent in the CLO market. It also handles consumer loan transactions and trade receivables deals, as well as playing a key role for trustees and agents.¬† Highlights included acting for a Portuguese securitisation vehicle on the ‚ā¨176m acquisition of non-performing loan portfolios by a Portuguese bank and their subsequent securitisation.¬†Peter Voisey¬†led that deal and is noted for his 'enormous breadth of experience and commitment to ensuring work is seen through to successful completion; he is great to have on your side'.¬†Edward Hickman¬†, who co-leads the practice with Voisey, advised¬†Oaktree and Mars Capital on the ‚ā¨500m securitisation of non-performing Irish mortgage loan portfolios. CLO specialist¬†Martin Sharkey¬†has 'market-leading product knowledge and good commercial sense'.¬†Catriona Lloyd¬†joined from¬†Linklaters LLP¬†to work with¬†David Cohen¬†in the firm's dedicated¬†international corporate trust and agency practice.

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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

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