Norton Rose Fulbright > London, England > Firm Profile

Norton Rose Fulbright
3 MORE LONDON RIVERSIDE
LONDON
SE1 2AQ
England

Corporate and commercial > Equity capital markets – small-mid cap Tier 1

Mid-market specialist Norton Rose Fulbright advises on the issuer and bank side of deals, with particular experience in the latter. The firm has an extensive global network and expertise across a range of sectors, notably the pharmaceuticals, REIT and real estate industries. The practice’s advice runs the gamut of equity and equity-related transactions, including FTSE 100, AIM and listed fund matters. Richard Sheen is a go-to name in the area and focuses on equity capital markets and investment funds work. Expert in IPOs, equity fund raisings and sponsor transactions Fiona Millington is recommended as ‘a safe pair of hands‘, and Clementine Hogarth is also active in the space - her fortes being ECM and corporate advisory work for public companies and investment banks. Raj Karia leads the group.

Practice head(s):

Raj Karia

Other key lawyers:

Richard Sheen; Fiona Millington; Clementine Hogarth; Alexander Green; Ian Forbes

Testimonials

‘Great service, always available to deal with detailed questions.’

‘Clementine Hogarth and Ian Forbes provided a great service to solve problems and deal with unprecedented deal situations.’

‘Fiona Millington is a safe pair of hands.’

‘Clementine Hogarth is a really energetic and proactive lawyer, full of enthusiasm.’

‘Alexander Green is a very strong lawyer, one to watch.’

Key clients

Numis Securities Limited

Peel Hunt

Canaccord Genuity Limited

Cantor Fitzgerald

Mortgage Advice Bureau Holdings

Grant Thornton

Investec Bank plc

Tullow Oil plc

Taylor Maritime Investments Ltd

J.P. Morgan Securities plc.

Goldman Sachs International

Orascom

Aedifica

Warehouses de Pauw (WDP)

Taleem Management Services

Xior Student Housing

Ekopak

Work highlights

  • Advised Peel Hunt LLP and Stifel Nicolaus Europe Limited as joint global coordinators and joint bookrunners and Grant Thornton as nominated adviser on leading UK mid and small cap investment bank’s Peel Hunt Limited’s £280m placing of new and existing shares, an intermediaries offer, an employee offer and admission to trading on AIM.
  • Advised Investec Bank plc as sponsor, sole global co-ordinator and sole bookrunner on the £274m IPO and premium listing on the London Stock Exchange of Stelrad Group PLC, a leading specialist manufacturer and distributor of steel panel radiators in the UK, Europe and Turkey.
  • Advised Taylor Maritime Investments Limited on its IPO and premium listing on the London Stock Exchange.

Finance > Islamic finance Tier 1

Led from London by the ‘fantasticFarmida Bi, and also able to leverage significant resources from the firm’s Middle East offices, Norton Rose Fulbright has ‘great and broad experience’ across a range of Islamic finance techniques, often utilised to fund Sharia-compliant transactions in core areas of sector strength for the firm, including energy and transport. A ‘true specialist’ who is ‘very well-connected’, Bi is a popular choice among a number of high profile corporates, banks and sovereigns, including Pakistan’s Ministry of Finance – which she continues to advise on all its sukuk issuances. In addition, Bi, who was also recently named the firm’s global chair, has been at the forefront of efforts to utilise Islamic finance as a means of unlocking funding for ESG initiatives designed to promote the UN's Social Development Goals. Counsel Andrew Coote also continues to gain a strong name for himself in the market and regularly provides key support to Bi on mandates handled by the team. The arrival in March 2022 of Yusuf Battiwala from Dentons further strengthened the team.

Practice head(s):

Farmida Bi

Other key lawyers:

Andrew Coote; Mark Brighouse

Testimonials

‘A wonderfully supportive team with great and broad experience in advising across a wide range of Islamic financing opportunities.’

The fantastic Farmida Bi is a true specialist.’

‘Farmida Bi is very well-connected.’

‘I found the team to be diligent, efficient and expert in their field.’

‘All the team members of NRF were outstanding.’

‘It was a pleasure working with NRF, who played an essential part. The joined-up nature of the advice and the hands-on commitment to completing this project on time was evident throughout and we look forward to continuing to work with the NRF team in the future as our pro bono partner.’

‘Farmida Bi has shown energy, commitment and compassion.’

Key clients

ACWA Power Development

Bank ABC

Bank of London and the Middle East

Bank of New York Mellon

Credit Suisse AG

Government of Pakistan, Ministry of Finance

Islamic Development Bank

Save the Children UK

Work highlights

  • Advising Saudi energy company ACWA Power on its $500m debut sukuk.
  • Advising the Pakistan Ministry of Finance on the establishment of its sukuk programme and issuance of $1bn sukuk.
  • Advising Save the Children UK (on a pro bono basis) on an innovative fundraising policy that will allow it to receive Zakat.

Finance > Trade finance Tier 1

Norton Rose Fulbright has ‘a dedicated and knowledgeable team which is available around the clock and has excellent knowledge of trade finance and, specifically, work of IFIs‘. One client remarks that the firm’s finance practice has ‘peerless knowledge of trade finance documentation‘. Widely recognised as a go-to firm for commodity finance, derivatives and regulatory advice, the firm handles the full range of trading, trade finance, commodity physical supply contracts, shipping, futures documentation, regulatory investigations, fintech matters and disputes. It also has a major presence in the emerging area of sustainable finance. Nicholas Grandage and Andrew Wood (who is ‘a guru of trade finance, commercial in his approach‘) lead the practice. They both advised the European Bank for Reconstruction and Development (EBRD) on its award-winning Trade Facilitation Programme. Senior associates Tudor Plapcianu (who has ‘a mix of savvy technical knowledge, incredibly hard work and sheer personality’), Richard Wilkes and Mark Brighouse also have extensive experience in structured trade and commodity finance.

Practice head(s):

Nick Grandage; Andrew Wood

Other key lawyers:

Testimonials

‘A dedicated and knowledgeable team which is available around the clock.’

‘Excellent knowledge of the area of trade finance and specific of work of IFIs in the area of facilitating trade finance.’

‘Always pleasure working with the team.’

‘Cannot recommend enough Andrew Wood, Richard Wilkes and Frances Chapman. We’ve been working with them for the last seven years if not longer. The team is very knowledgeable and available around the clock and happy to give very thorough advice and explanation to make a balance decision.’

‘Peerless knowledge of trade finance documentation.’

‘Andy Wood is a guru of trade finance. He is commercial in his approach whilst at the same time across all of the details.’

‘Tudor Plapcianu through of mix of savvy technical knowledge, incredibly hard work and sheer personality is excellent working towards results.’

Key clients

ABN AMRO

AIG

BP

BNP Paribas

The Bank of Tokyo Mitsubishi Ltd

Citibank

Coal India Limited (CIL)

Commodities Markets Council

Demica

Erste Group Bank AG

European Bank for Reconstruction and Development

Eurasian Resources Group

FBN Bank

Mauritius Commercial Bank

HSBC

JP Morgan

Louis Dreyfus

Lloyds Bank

Low Carbon

Macquarie

Mercuria

Natixis

NEXIM

TD Securities

RWE

Santander

Societe Generale

Standard Chartered Bank

Trafigura

Trailstone

Bank of Ireland

ICBC Standard Bank

Raiffeisen Bank International AG

Mizuho Bank, Ltd

Baffinland

Trade and Development Bank

UK Export Finance

Work highlights

  • Advised Louis Dreyfus Group on the R$7 billion financial debt restructuring of Biosev S.A. and Biosev Bioenergia S.A.
  • Advice re dispute under joint venture for marketing of Polymer products.
  • Advised EBRD in relation to its award-winning Trade Facilitation Programme, which involves documentation with numerous banks in EBRD’s countries of operation.

Finance > Transport finance and leasing Tier 1

Although the firm’s market-leading rail offering saw the departures of Simon Gwynne and Tom Johnson  to Addleshaw Goddard and Freeths LLP, respectively, at the beginning of 2022, Norton Rose Fulbright still maintains a ‘breadth and depth of experience and expertise‘ in the transportation sector ‘that few can rival‘. Ship financing work continues to drive a significant amount of deal flow on the new money front, as well an increasing amount of restructuring-related work (including advice on “debt holidays”), particularly in the wake of the pandemic. In this regard, the team which is led from London by the ‘thoughtful and pragmatic’ Simon Hartley – and is aided by deep resources in core international shipping hubs including Hong Kong, Piraeus and Hamburg – is ‘great at handling complex matters’ for a varied array of lenders and operators across the cruise, industrial shipping and offshore energy sectors. Conversant with a range of debt structures, including those backed by Export Credit Agencies, Eleanor Martin is particularly accomplished at handling vessel and offshore equipment financings, including FPSOs and drilling rigs. Duncan Batchelor heads up the aviation group that handles a significant flow of work for lenders and airlines on both new money deals and refinancings. Owen Mulholland is ‘very well respected in the airline industry’, working particularly on behalf of airlines, including LATAM, which he has been advising as special counsel in relation to its Chapter 11 proceedings. Will Alete is also recommended by a wide array of stakeholders in the aviation sector across a range of financing and corporate structuring work.

Practice head(s):

Duncan Batchelor; Simon Hartley

Other key lawyers:

Simon Lew; Richard Howley; Giles Brand; Owen Mulholland; Emma Giddings; Eleanor Martin; Andrew Williams; Will Alete; Dan Cowdy; Richard Green; Alex Blaney; Catherine Johnson; David Metzger; Matthew Bambury

Testimonials

Coupled with strong market awareness, a can-do attitude and a real sense of wishing to build a longer term relationship with the client, this makes for a compelling proposition.’

‘It is evident that the lawyers have a wide client base and are well experienced in the industry.’

Highly skilled and knowledgeable of the business we are working with. Very adaptable to everything from complex financings to difficult lease returns.’

Simon Hartley is both thoughtful and pragmatic in his advice. He maintains a cool composure during heated negotiations.’

‘Richard Howley and Andrew Williams are excellent lawyers with great commercial acumen. They are always a real pleasure to deal with and helpful/commercial in their approach with counterparties.’

Owen Mulholland is very respected in the aviation industry.’

Key clients

ABN AMRO Bank N.V

BNP Paribas

Carnival Corporation

Citibank Europe plc, UK Branch

Clover Aviation Capital (formally Ping An Aircraft Leasing Company Limited)

Crédit Agricole Corporate and Investment Bank

DNB Markets, Inc

DHL

DP Aircraft / DS Aviation

DVB

easyJet

Global Ship Lease

ING Bank N.V

JP Morgan Chase Bank

KFW IPEX Bank GmbH

LATAM Airlines

Lombard North Central PLC

LOT Polish Airlines

Macquarie

Nordea

NORD/LB

ORIX Corporation

Polskie Linie Lotnicze LOT S.A.

Piraeus Bank S.A

Prime Capital AG

Qatar Reinsurance

SACE S.P.A

Scandinavian Airlines System (SAS)

Skandinaviska Enskilda Banken AB (SEB)

Société Générale

Sumitomo Mitsui Banking Corporation

Taylor Maritime Investment Limited (TMIL)

UniCredit S.p.A.

UK Export Finance

777 Partners

Work highlights

  • Represented the ad-hoc group of creditors in the $6bn debt restructuring of Nordic Aviation Capital DAC and its subsidiaries and group companies, by way of implementation via US Chapter 11 bankruptcy proceedings.
  • Advised ING Bank and a syndicate of 12 international lenders on $1.6bn worth of export credit agency-covered and uncovered loan facilities, in order to finance the construction of the FPSO Sepetiba and associated derivatives contracts.
  • Advised leading cargo airline operator DHL (and DHL-Deutsche Post) on the structuring and documentation of complex finance lease transactions for eleven Boeing 777F cargo aircraft.

Industry focus > Emerging markets Tier 1

Norton Rose Fulbright has ‘deep understanding of project finance in Africa, where acting both for borrowers and lenders lends itself to a more efficient negotiating process‘. A deep bench of partners in London works closely with a vast international network of offices to maintain the firm’s position as a key adviser to corporates, borrowers, sponsors, investment banks, government bodies, ECAs and multilaterals, and off-takers on major projects across the globe. Global head of business Martin McCann, who also leads the infrastructure and commodities practice, acted for Horizonte Minerals in the financing and construction of their Araguaia nickel project in the Carajas region of Brazil. Senior banking partners Daniel Metcalfe (who is ‘very strong technically, passionate about the industry and solution-oriented‘) and Charles Whitney have a strong focus on infrastructure, energy project finance and project development on behalf of developers, commercial banks and export credit agencies, particularly in the power, renewables, petrochemicals and oil and gas sectors. Head of banking and finance Madhavi Gosavi and head of mining Daniel Giemajner are also among the many partners who are pivotal to the firm’s major projects work.

Practice head(s):

Martin McCann

Other key lawyers:

Daniel Metcalfe; Charles Whitney; Madhavi Gosavi; Daniel Giemanjer; Chris Down; Jessica Melville

Testimonials

‘NRF has the deepest knowledge of the industry and the specifics of the Uzbek jurisdiction. It is involved in almost all of the largest energy projects in Uzbekistan, either from the sponsors or lenders side. This give NRF an unconditional advantage over other international firms and allows it to give the best possible advice to the clients. It is always a pleasure working with the NRF team.’

‘I have mainly worked with Charles Whitney and Chris Down. Both are exceptional lawyers. Charles is great in banking and finance matters, whereas Chris’s engineering background is certainly an advantage to clients. Both are highly professional, easy to work with. They clearly understand local law peculiarities, cultural specifics and readily provide their advice and solutions that take these into consideration . Great team to work with’

‘Deep understanding of project finance in Africa. Acting both for borrowers and lenders lends itself to a more efficient (time & cost) negotiating process as they understand what will and will not be acceptable, particularly to lenders.’

‘Daniel Metcalfe and Jessica Melville. Very strong technically, passionate about the industry and the area of practice (emerging markets), solutions-oriented, client-focused.’

Key clients

Africa Finance Corporation

AIG

Al Rayan Bank

AT&T

Bank of America

Bank of China

Bankmed, Sal

Bank of Tokyo Mitsubishi

Balfour Beatty

Barrick Gold

BHP

BMW

Bombardier

BP

Brookfield

Cell C

Citi

Crédit Agricole

Danaos

DBS Bank

Deutsche Bank

Ministry of Finance of Angola

Domino’s Pizza

ExxonMobil

GSK

Guarantco

HSBC

ICBC

IMI Group

International Finance Corporation

ING

JP Morgan

Marubeni

Mercuria Energy

Macquarie

McLaren

Rio Tinto

Rosneft Oil

Royal Bank of Canada

Proparco

Shell

SNC Lavalin

TowerShare

Trafigura

Tullow

Turk Telekomünikasyon

Wells Fargo

United Overseas Bank

Work highlights

  • Advised the Ministry of Finance of the Republic of Angola in relation to the c. $1billion financing for the development of the Bita water production, transmission and distribution facilities and system in South Luanda. The project is being implemented by EPAL on behalf of the Ministry of Energy and Water of the Republic of Angola.
  • Advising Horizonte Minerals in relation to all aspects of the financing and construction of their Araguaia nickel project in the Carajas region of Brazil.
  • Since November 2019, the firm has been advising IFC and EBRD who have been the lead lenders for the proposed acquisition refinancing and expansion of Almaty International Airport. They were joined as co-lenders by Eurasian Development Bank and DEG later in the process.

Insurance > Insurance: corporate and regulatory Tier 1

Norton Rose Fulbright supports clients in relation to insurance M&A, regulatory matters, restructurings and insurtech issues. The team is also recognised for its Lloyd’s market and life sector expertise. Practice head James Bateson has a particular focus on cross-border M&A, joint ventures, distribution arrangements, restructurings, Part VII transfers, corporate governance and regulatory issues. Maria Ross handles transactional and regulatory insurance work, primarily within the life and reassurance sectors. Bob Haken specialises in discontinued businesses, restructurings, the Lloyd’s market and regulation. Nicholas Berry is recommended for his work in the insurtech space, while Matthew Foster has a growing reputation in handling insurance M&A. Noleen John  stepped down from partnership but remains active as a consultant to the practice. David Whear retired in 2022.

Practice head(s):

James Bateson

Other key lawyers:

Maria Ross; Bob Haken; Nicholas Berry; Matthew Foster; Noleen John

Key clients

The UN-convened Net-Zero Insurance Alliance of Allianz, Aviva, Generali, Munich Re, SCOR, Swiss Re and Zurich Insurance Group

RiverStone

Bain Capital Credit LP (“Bain”)

JP Morgan

HSB Engineering Insurance (HSB), a Munich Re Group Company

Aquiline Capital Partners

Zego

Marsh McLennan Companies

Charles Taylor Limited

North of England P&I Association

AXA XL

PIB Group Ltd (‘PIB’)

Nexus Mutual

W.R. Berkley

RGA and Hodge Life Assurance Company

Work highlights

  • Advised North P&I Club on its proposed merger with the Standard Club.
  • Advised Bain on its proposed acquisition of the UK’s second largest mutual insurer, Liverpool Victoria Financial Services Limited.
  • Advised RiverStone on three successful acquisitions of business in the legacy solutions market, collectively valued around $1.35 billion.

Projects, energy and natural resources > Mining and minerals Tier 1

Norton Rose Fulbright  is well known in the market for its top-tier financing expertise and offers clients ‘very deep project finance experience for metals and mining development in Africa'. The practice has recently been handling matters relating to the energy transition, including the mining of copper, cobalt, nickel, magnesium and lithium for use in electric vehicles and the clean energy sector. Martin McCann heads the team and is recommended for financing and restructuring work, while Raj Karia handles corporate matters for mining companies, investment banks and private equity investors. Daniel Metcalfe is another name for cross-border transactions with a focus on emerging markets. Senior associate Felicity Brown is another key practitioner.

Practice head(s):

Martin McCann

Other key lawyers:

Testimonials

‘Strong team with lots of stand out individuals’.

‘Involved in high-profile work and act on a broad range of matters’.

‘Excellent team focussed on mining finance’.

‘Martin McCann provides knowledgeable and attentive oversight and experienced and commercial advice’.

‘Felicity Brown is undoubtedly the best associate I have ever worked with’.

‘Very deep project finance experience for metals and mining development in Africa’.

‘Strong working relationship with other law firms in this practise area’.

‘A legal team that has experience acting both for borrowers and lenders and has a good understanding of where issues are likely to arise and what solutions are likely to be accepted’.

Key clients

Allied Gold

Alufer

Anglo American

AngloGold Ashanti

Appian Natural Resources Fund

Aureus Mining

Banro

Barclays

Bellzone Mining Rio Tinto

BHP Billiton

Caterpillar Finance

Centamin plc

Centerra Gold Inc

Compagnie des Bauxites de Guinee

EIB

Endeavour Mining

ERG

FMO

First Rand Bank (RMB)

IAMGold

Work highlights

  • Advised Shalina Resources (“Shalina”), a leading and established vertically integrated copper and cobalt producer with assets in the Democratic Republic of Congo (DRC), on a $600m financing agreement with global commodity trading company Trafigura Pte. Ltd. (“Trafigura”).
  • Advising Horizonte Minerals in relation to all aspects of the financing and construction of their Araguaia nickel project in the Carajas region of Brazil.
  • Advising TRQ in connection with the world-class Oyu Tolgoi copper/gold mine in Mongolia, including in relation to the funding of the $3.6bn cost overrun, negotiations with the Government of Mongolia and fellow-shareholder, Rio Tinto, and the development of a long-term power solution.

Projects, energy and natural resources > Power (including electricity, nuclear and renewables) Tier 1

Norton Rose Fulbright is commended for its ‘deep renewables knowledge’ as the team advises across a range of practice areas including M&A, disputes, banking and finance. The practice has been active in climate regulation and policy work in addition to areas such as green bonds, corporate PPAs, CCUS and hydrogen projects. Rob Marsh heads the energy, infrastructure and natural resources team with support from Charles Whitney and Madhavi Gosavi who specialise in project financings. Julien Bocobza advises sponsors and lenders in the water and transportation sectors while Chris Down handles development and financing matters and Stephen Rigby is a go-to name for corporate finance mandates. Julien Bocobza has moved to White & Case LLP.

Practice head(s):

Rob Marsh

Testimonials

‘We have instructed Robert Marsh and his team on numerous project financings for wind farm and other renewable energy projects in the UK, Ireland and Spain. He is a stellar black-letter lawyer, very responsive, pragmatic and very easy to deal with. He found innovative solutions to get our financings and refinancings over the line. He is also an excellent source of industry knowledge and trends on innovative financing structures.

‘The firm has excellent legal professionals who are extremely dedicated and client-focused.’

‘Robert Marsh and his associates, in particular Ben Carrozzi, have delivered stellar legal advice on the complex financings and refinancings we have executed in the renewable space. They are very responsive, work incredibly hard and find innovative solutions to strategic issues along the way.’

‘Deep renewables knowledge, calm under pressured situations, supported bold action.’

‘We are working since several years on a transaction that is very sensitive. But we have noticed from our legal advisor that he is very patience with the parties involved. the main goal is to keep parties on board to get to a solution.’

‘You can count on Charles Whitney, he always has a solution and never leaves you in the dark. In my role as agent I can always call him to discuss lender-related questions. If necessary he will support you in calls with lenders and borrower during the weekend to get things done. I have not experienced this with other lawyers in the last 10 years.’

‘NRF has the deepest knowledge of the industry and specifics of Uzbek jurisdiction. As per my perception, NRF is involved in almost all of the largest energy projects in Uzbekistan, either from the sponsors or lenders side. This gives NRF unconditional advantage over other international firms and allows it to give the best possible advice to the clients. They also bring perspective from the global market, which helps clients to make decisions on certain commercial matters easier. It is always a pleasure working with NRF team.’

‘I have mainly worked with Charles Whitney and Chris Down. Both are exceptional lawyers. Charles is great in banking and finance matters, whereas Chris masters all the issues related to project documents. His engineering background is certainly an advantage to the clients. Both gentlemen are highly professional and easy to work with. When explained, they clearly understand local law peculiarities, cultural specifics and readily provide their advice and solutions that take into consideration these specifics. Great team to work with.’

Key clients

MUFG

Brookfield

Greencoat UK Wind plc

Ministry of Finance of Angola

EDF Renewables

IFC

Jinko Power

Marubeni

Masdar

Neoen

RWE

Good Energy Group Plc

CIBC

Work highlights

  • Advised a consortium of lenders on the financial close of the third phase of Dogger Bank offshore wind farm.
  • Advised the senior and junior lenders on the SEK14.4 billion green senior and green junior financing for Solör Bioenergi.
  • We have advised Greencoat UK Wind plc and Greencoat Renewable Income LP on their acquisition of a 25 per cent stake in Burbo Bank Extension offshore wind farm from Danish pension fund PKA.

Real estate > Commercial property: corporate occupiers Tier 1

The ‘exceptionally talented team’ at Norton Rose Fulbright has demonstrable experience in energy, infrastructure and other long-term development projects, as well as social housing investment mandates and leverages its international network to advise on complex cross-border real estate matters. UK practice leader and leading Islamic finance specialist Wasim Khan has experience in acting for developers and banks in relation to waste to energy schemes, in addition to renewable energy and power projects, while global head of real estate Dan Wagerfield handles mixed-use developments and outbound capital from Asia. Louisa Roe, who was promoted to partner in January 2022, is praised as a ‘tour de force’ when acting for both landlords and tenants in leasing transactions, while Charlie Pinkerton advises on office and headquarter relocations. David Hawkins focuses on mixed-use developments and David Sinclair handles a range of projects in the office, hotel and infrastructure sectors.

Practice head(s):

Wasim Khan

Testimonials

‘An exceptionally talented team, providing a high level of client care and expertise in corporate real estate.’

‘Louisa Roe, together with her team, worked well to achieve our commercial aims. In particular, Louisa interacted well with the numerous parties in the transaction and was able to deliver an exception outcome.’

‘The team are detailed, accurate and commercially minded.’

‘Louisa Roe is fantastic, very hard working and looks to get deals done quickly.’

‘Very commercial team with strong technical knowledge, providing sound and pragmatic advice.’

‘Charlie Pinkerton is a pleasure to work with.’

‘Louisa Roe is a tour de force.’

‘Louisa Roe was incredibly professional, knowledgeable and efficient, while engaging in a friendly manner throughout.’

Key clients

British Airways Plc

Kimberly-Clark

Argo Group

Royex Real Estate Investments Limited

Voya Investment Management (UK) Limited

Exane S.A.

DP World London Gateway

Bank of Montreal

VF International

Trainline

Civitas Social Housing

IMI plc

Korn/Ferry International

1 Spinningfields Unit Trust

WELPUT

Schroder Real Estate Investment Management

SOFAZ (State Oil Fund of Azerbaijan)

Olympia London

Ivanhoé Cambridge

SAAB Technologies UK Limited

Ashby Capital

Barnard’s Inn Unit Trust

Prudential Plc

Canada Pension Plan Investment Board

Khoo Teck Puat Charitable Foundation

Europa Capital/Hobart Partners

Resolution Property Holdings

McGill & Partners

BMW

Rolls-Royce Motorcars Limited

British Racing Drivers Club (Silverstone)

Commerz Real

GLL Real Estate Partners

Work highlights

  • Advised the developers of the £1.3bn redevelopment project at Olympia London on the pre-letting of the theatre venue to Trafalgar Entertainment Group.
  • Advised State Oil Fund of Azerbaijan on the first pre-lettings of its refurbished Grade II* listed 78 St James’s Street, London SW1 and contractual arrangements with an F&B operator for the amenity spaces in the building.
  • Advised Bank of Montreal on the underletting of space at British Land’s 100 Liverpool Street and short term renewal arrangements at 95 Queen Victoria Street.

TMT (technology, media and telecoms) > Fintech Tier 1

Norton Rose Fulbright’s multidisciplinary practice combines the firm’s strengths in the financial services and technology sectors; this allows for collaboration across the banking, insurance, financial services regulatory, IP/IT, corporate, payments, disputes and tax departments. The practice handles the breadth of work in the fintech space including advice on P2P platforms, payment systems, regtech and insurtech issues, artificial intelligence, smart contracts, blockchain and cryptocurrencies. Global head of fintech Sean Murphy advises on investments, acquisitions and joint ventures in the fintech sector. Co-head of payments Victoria Birch focuses on fundraisings, investments and acquisitions as well as the legal and regulatory issues relating to the deployment of blockchain and distributed ledger technology. Hannah Meakin leads the firm’s regulatory fintech offering and is also an expert in cryptocurrencies and tokens. Nicholas Berry completes the leadership team and oversees the insurtech practice. Beyond partner level, counsel Albert Weatherill is another key member of the department. Charlotte Rowlandson departed for Allen & Overy LLP in 2021.

Practice head(s):

Sean Murphy; Victoria Birch; Hannah Meakin; Nicholas Berry

Other key lawyers:

Testimonials

‘Deep knowledge of fintech, digital assets, blockchain technology.’

‘ The team are knowledgeable but also very good at explaining strategies and intricacies to their clients.’

‘I can’t really praise Nicholas Berry highly enough.’

Key clients

AIG

Anansi

Arch

FMO

HSBC Investment Bank

Global Parametrics

Global Blockchain Business Council

IG Markets

InsurWave

Kneip

Nexus Mutual

Northern Trust

Pay.UK

Paxos (formerly itBit)

Paypal

Post Trade Distributed Ledger Group

Riskbook

Revenio Capital

SmartCo

Stable Group

Standard Chartered Bank

Starling Bank

Superfluid

TPAY

Zego

Zurich

Work highlights

  • Advised Starling Bank on its strategic acquisition of a £1bn mortgage book from Kensington Mortgages.
  • Advised a Government-owned UK high street name on a landmark partnership with a multinational financial services company to launch international money transfer services in 4,000 branches throughout the UK.
  • Acted for insurtech unicorn Marshmallow in the high-profile successful defence of IP infringement, breach of fiduciary duty, and passing off claims asserted by Mulsanne Insurance Company.

TMT (technology, media and telecoms) > IT and telecoms Tier 1

In the technology space, Norton Rose Fulbright is well-known for acting on large-scale innovative projects, mandates involving emerging technology including AI and blockchain, regulatory matters, and digital infrastructure projects, as well as contentious matters. The telecoms team is also strong in assisting communications providers and financial institutions on a range of matters, including competition and regulatory advice, disputes, network sharing and outsourcing issues, and licence bids. Sean Murphy is head of the technology sector and global head of the firm’s fintech group, and has a thriving practice, assisting clients with international corporate matters in the technology space, as well as the development of technology for financial services. Oliver Stacey leads the communications group with substantial experience in handling M&A, joint ventures and fibre and cable projects, while James Russell leads the IT and outsourcing department with expertise in onshore and offshore technology. Daniel Metcalfe is also of note for his work in the telecoms space, especially regarding towers, cable and fibre issues, and data centre deals. Zayed Al Jamil moved to Clifford Chance LLP in May 2022.

Other key lawyers:

Testimonials

‘Present throughout the entire project, and hence capable of helping clients tackle any aspect of complex transactions. That is very valuable to clients.’

‘Hats off to Oliver Stacey and Zahra Sachedina for their work: they orchestrated the whole transaction and should be thanked for it.’

Key clients

Airband Community Internet Limited

AT&T

BNP Paribas

Bolt

BP

CGI

Community Fibre Limited

Coventry Building Society

Coveo

Etisalat

Helios Investment Partners

HSBC

IFC

Macquarie Capital

Modern Times Group

Mubadala Investment Company

National Digital Infrastructure Fund

Newegg

Ocado plc

Orange S.A

Paradigm Infrastructure

PayPal Inc.

Prudential

Purplebricks Group plc

Rothesay Life

Safaricom

Standard Chartered Bank

Starling Bank

Telenor

TowerShare

VAKT Global Limited

Veon

Vodacom

Vodafone

Work highlights

  • Advised Modern Times Group MTG AB on the sale of ESL Gaming to the Savvy Gaming Group in an all-cash transaction.
  • Advised a consortium, led by Kenya’s Safaricom and including Vodafone, Vodacom, CDC and Sumitomo, on its winning bid for Ethiopia’s first telecoms license for $850m, following a competitive, two-year auction process.
  • Advised Coveo on its acquisition of the entire issued share capital of Qubit Digital Ltd.

Transport > Aviation Tier 1

Norton Rose Fulbright advises on a range of areas including aircraft transaction disputes, competition issues, Brexit matters, data protection work and insurance claims. The team also advises on the risk within operating leases, deals with EC261 claims and works for a number of airlines on disputes arising out of aviation cyber attacks. Patrick Farrell leads the contentious aviation practice with support from Annabelle Wheeler, while global head Duncan Batchelor handles a variety of commercial matters. Robin Springthorpe and Charlotte Winter focus on litigation and international arbitration proceedings. Ian Giles has expertise in antitrust and competition work, while Dan Cowdy advises on all aspects of aircraft acquisition, ownership and operation.

Practice head(s):

Duncan Batchelor; Patrick Farrell; Robin Springthorpe

Testimonials

‘The team is excellent. They provide great services for the aviation finance industry. They have an excellent team for helping clients to draft their negotiation efforts with theirs customers into legal words. The real value is the deep understanding of the aviation business itself.’

‘I am working with people instead of purely a company which is essential in the aviation industry; it is a people business. The team consists of great people I am pleased to work with them, besides the company’s name.’

‘Exceptional service levels, dedication and support.’

‘Dan Cowdy provides first class service, is very smart, dedicated and client focused.’

‘Very knowledgeable, reputable and with commercial understanding of the market.’

‘This team is very versatile and extremely knowledgeable in not only the legal but also business and technical aspects of aviation which is a key strength that I believe puts them at the forefront in this field. The team is well established and connected and their teamwork is seamless and on point.’

‘The individuals in this team are very understanding, compassionate, considerate, and patient!’

Key clients

777 Partners

AirTanker

Atoz Aviation Finance S.à r.l.

The Carlyle Group

British Airways

CargoLogicAir

Delta Air Lines, Inc.

DHL

easyJet plc

flyadeal Airline Company

Flynas

FTAI AirOpCo UK Limited

Gama Aviation PLC

Jet2.com

SAS

Tui

Virgin Atlantic

Voyager Aviation Holdings

Wizz Air

Work highlights

  • Advised Delta on deepening its industry-leading partnership with Air France-KLM and Virgin Atlantic via the launch of a new combined long-term joint venture.
  • Acted for Delta opposing American Airlines’ appeal of a European Commission decision.
  • Acted for Flynas in relation to an aircraft leasing dispute being heard in the High Court.

Corporate and commercial > Equity capital markets – mid-large cap Tier 2

Norton Rose Fulbright’s sweet spot is mid-market deals, particularly those related to emerging markets and the pharmaceuticals, REIT and real estate sectors. Other specialisms for the firm include energy, infrastructure, technology and financial services industry deals. Advising on the issuer and bank side, the practice is also recommended as ‘excellent at solving problems, combined with a real focus on the client and collaborating with other advisers’. Raj Karia leads the practice and can call on the expertise of Thomas Vita, whose strength is advising on international securities transactions and London ECM work.

Practice head(s):

Raj Karia

Other key lawyers:

Thomas Vita; Fiona Millington; Clementine Hogarth; Ian Forbes

Testimonials

‘Excellent at solving problems, combined with a real focus on the client and collaborating with other advisers.’

‘Clementine Hogarth and Ian Forbes provided a great service to solve problems and deal with unprecedented deal situations.’

Key clients

JTC PLC

Aedefica

Numis Securities Limited

Xior Student Housing

J.P. Morgan Securities plc.

Goldman Sachs International

Canaccord Genuity Limited

Societe Generale

Orascom

Picton Property Income Limited

Ekopak

Management Consulting Group PLC (MCG)

Vodafone

Investec Bank plc

BMO Capital Markets

e-finance for Financial and Digital Investments

Taaleem Management Services

M&G Investments

Barclays

Berenberg

Cantor Fitzgerald

Citigroup

HSBC

Peel Hunt

RBC

Stifel

Beltone Capital

CI Capital

Renaissance Capital

Is Yatirm

Yapi Kredi

Work highlights

  • Advised Investec Bank plc as sponsor, sole global co-ordinator and sole bookrunner on the £274m IPO and premium listing on the London Stock Exchange of Stelrad Group PLC.
  • Advised Peel Hunt LLP and Stifel Nicolaus Europe Limited and Grant Thornton on leading UK mid and small cap investment bank’s Peel Hunt Limited’s £280m placing of new and existing shares, an intermediaries offer, an employee offer and admission to trading on AIM.
  • Advised Taylor Maritime Investments Limited on its IPO and premium listing on the London Stock Exchange.

Corporate and commercial > Financial services: contentious Tier 2

Norton Rose Fulbright, hailed by one client as a ‘superb, world-class firm with outstanding ability at all levels’, is especially well-regarded for its sanctions, market abuse, AML, authorisation and permission, ESG, financial promotion, fraud and whistleblowing capabilities. Katie Stephen is also regarded as a market leader for s166 reviews, money laundering issues, retail mis-selling work, consumer credit matters and market disclosure affairs, having garnered experience before the FCA, Ofgem, PRA, FRC and AIM, among many other regulators. Elsewhere, David Harris, who co-heads the team alongside Stephen, has a distinguished level of proficiency in cross-border investigations and has overseen a number of parallel investigations which intersect the DoJ and SEC in the US.

Practice head(s):

Katie Stephen; David Harris

Other key lawyers:

Jonathan Herbst

Testimonials

‘A superb world class firm with outstanding ability at all levels.’

‘Strategic thinking and careful solutions.’

‘The team at NRF has a strong advisory bench and good experience in handling investigations work.’

‘Katie Stephen has deep experience of FCA and PRA regulation and has a good instinct for how the regulators respond to issues. David Harris is calm and measured, with good international regulatory experience.’

‘Katie Stephen: She’s an absolute doyen of the FS regulatory arena, with a well-deserved reputation for excellence. She knows the regulatory landscape as well as anyone, and strikes fear into opponents including regulators. A top choice for any tough regulatory fight.’

‘Katie Stevenson: ‘A really tough regulatory lawyer. She knows precisely which regulatory buttons to press, and which ones to stay well clear of.’

‘The team work as a team! As a client you get strength in depth, with lots of input from each of the members of the team. We have needed a lot of complex support, and we have got both the benefits of in depth personal expertise with the team dynamic in delivery.’

‘The team are excellent, lots of in depth knowledge, with the advice delivered in a language that we can all understand. Leading our team has been Jonathan Herbst whose advice has been consistently excellent. We really value the clarity of the advice, and of course the technical excellence in understanding the complexity of the UK regulatory regime.’

Corporate and commercial > Financial services: non-contentious/regulatory Tier 2

Norton Rose Fulbright leverages ‘deep knowledge of fintech, digital assets and blockchain technology’, among other areas. The practice is equipped to act across both the wholesale and retail financial services sectors, honing its focus on governance, conduct and market affairs. Jonathan Herbst is renowned for his knowledge of bank structuring, commodity derivatives, custody and relevant M&A considerations, while Hannah Meakin is a go-to for fintech, commodities derivatives and market infrastructure mandates; the pair co-lead the team alongside Katie Stephen who fronts the complementary contentious practice. Imogen Garner leads the buy-side offering, catering to asset and wealth managers, custodians and depository banks, while, at counsel level, Matthew Gregory serves as a policy development specialist, having previously been seconded to HM Treasury. Albert Weatherill garners praise as an ‘expert in the crypto space‘.

Practice head(s):

Jonathan Herbst; Hannah Meakin; Katie Stephen

Testimonials

‘Deep knowledge of fintech, digital assets, and blockchain technology from regulatory and legal perspectives (related to UK and Europe, based on our experience). NRF collaborate with many different stakeholders in blockchain technology and that matters in this industry.’

‘Attentive partners and associates who want to build relationships, not just billable hours. Hannah Meakin, Albert Weatherill – the people, the long-standing relationships, make all of the difference.’

‘Depth of market knowledge; connections; pragmatism and responsiveness.’

‘Jonathan Herbst – incredible breadth of knowledge and experience, manner that is attractive to all and incredible pragmatism – real value add.’

‘Hannah Meakin – FS regulatory partner whose wide-ranging expertise has supported us on several matters, she is willing to engage with innovative propositions and provide comprehensive and pragmatic advice tailored to our particular context.’

‘Albert Weatherill – an expert in the crypto space whose deep understanding of the context has been invaluable in helping us understand the risks of accepting cryptocurrency donations and the mitigations available to help us reduce the potential risks.’

‘Our firm has needed a lot of help in delivering a SWDP. That has needed a lot of interaction with our regulators, and innovation to develop ways of working that are new to the regulator as well as the firm. The NRF team has given us first-rate support through that process of innovation as well as ensuring compliance through the implementation of our SWDP.’

‘Jonathan Herbst has been an excellent lead for our team. He has been able supported by Matthew Gregory. The stand out for us has been the way difficult concepts are explained clearly so that we can make the right business decisions. The level of team work is excellent, and that means we get the benefit of the whole team’s expertise.’

Key clients

Citadel

CME Group

LSEG

Goldman Sachs

KKR

BNP Paribas

Société Générale

UK Finance

River and Mercantile

Work highlights

  • Advised BMO Financial Group on the sale of its EMEA asset management business to Ameriprise Financial, Inc.
  • Leading two legislative and regulatory reform projects in two countries of operation for the European Bank for Reconstruction and Development (EBRD): Armenia and Jordan.
  • Advised The Investment Association in relation to an update of its model Investment Management Agreement.

Corporate and commercial > VAT and indirect tax Tier 2

Norton Rose Fulbright covers an array of corporate and finance transactions with VAT considerations, including advising clients on the impact of Brexit and import and export of goods. Dominic Stuttaford leads the team and regularly advises insurers on Insurance Premium Tax in relation to increases in IPT rates. Chris Bates brings more than 30 years of experience in financial transactions related to transport, property and IP, amongst other areas.

Practice head(s):

Dominic Stuttaford

Other key lawyers:

Key clients

Barclays Bank Plc

Bibby Financial Services

Bombardier

Brookfield Renewable Energy Partners

Centrica

Civitas Social Housing PLC

Commerz Real Investmentgesellschaft mb

Credit Agricole

France Telecom

Gatehouse Bank

Goldman Sachs

HSBC

Lloyds Banking Group

London Gateway Port Limited

Mubadala Investment Company PJSC

Santander

Statoil

UBM

Vodacom Group

Welput (the West End of London Property Unit Trust)

Al Rayan Bank PLC

DP World

Work highlights

  • Acting for BMW on the ongoing consequences and ramifications of their successful appeal to the Court of Appeal concerning the working of the VAT rules relating to VAT grouping and which entity is entitled to claim a refund of VAT where there have been changes to the composition of a VAT group over time.
  • Acting for Takeda (formerly Shire) in a restitution claim in the Stamp Taxes Group Litigation Order relating to Stamp Duty Reserve Tax.

Crime, fraud and licensing > Fraud: civil Tier 2

Norton Rose Fulbright has 'lawyers of the highest quality at all levels with a particularly strong, new generation of partners‘. The team’s fraud and asset tracing expertise also encompasses knowledge of insolvency, white-collar crime, cyber-fraud, and bribery and corruption mandates. Ruth Cowley leads the firm’s commercial disputes and investigations practice. Barrister Harriet Jones-Fenleigh is a specialist in ancillary relief measures, while Radford Goodman is often sought out by banks and insolvency practitioners. James Lockwood was promoted to partner in January 2022.

Practice head(s):

Ruth Cowley

Other key lawyers:

Testimonials

‘The team leaves no stone unturned in trying to achieve a good outcome for the client.’

‘Excellent litigation team — well resourced; good internal and external communications; realistic long-term planning.’

‘NRF boasts lawyers of the highest quality at all levels. The new generation of partners is particularly strong, and NRF has a growing reputation for attracting top-class fraud work. Team members are highly flexible and very well integrated, with associates in particular being encouraged to take responsibility and add value.’

‘Radford Goodman – a master of the detail whose contributions on legal analysis and strategy are always sensible and realistic.’

‘James Lockwood is utterly outstanding and, although a newly made-up partner, has the qualities of the most seasoned of litigators. He’s extremely bright, and an excellent lawyer; he’s has a vice-like grip on the details of the case while never losing sight of the big-picture.’

‘Harriet Jones-Fenleigh – Exceptional lawyer and strategic thinker with an outstanding reputation in the market. Clients love her.’

‘James Lockwood: a very slick operator and rising star who made partner this year. Leading the next generation for NRF.’

‘An excellent choice for commercial and civil fraud litigation.’

Key clients

Citibank N.A. and Citigroup Global Markets Limited

HSBC

Orange Liberia, Inc.

Citicorp Trustee Company Ltd

BNP Paribas

Standard Chartered Bank

Emirates NBD Bank

Work highlights

  • Advising Orange Liberia on a high-value cross-jurisdictional Commercial Court conspiracy claim.
  • Acting for BNPP on a number of complex payment fraud disputes.
  • Acting for Citi on a high-value commodities fraud.

Dispute resolution > Commodities disputes Tier 2

Norton Rose Fulbright has ‘a fantastic commodities disputes practice with some market leading partners, and it is involved in some of the most high-profile cases‘. The firm ‘provides well-resourced teams that are very able to handle the most complex litigation in this field‘. In the disputes and litigation practice led by the ‘unflappable, disarmingly intelligentHolly Stebbing, commodities are a key focus. The firm provides legal advice across the commodities supply chain to financial institutions, commodity trading houses, national and international mining and energy companies. Stebbing focuses on disputes in the energy and natural resources sector, particularly on Africa, while Ruth Cowley, Antony Corsi, international arbitration specialist James Rogers and commercial litigator Harriet Jones-Fenleigh are among the partners for whom commodities constitutes a significant proportion of their caseload.

Practice head(s):

Holly Stebbing

Other key lawyers:

Testimonials

Norton Rose is a real heavyweight in the field of energy and commodities work. They will go toe-to-toe with anyone on the planet and usually come out on top.’

‘Holly Stebbing is phenomenal. Unflappable, disarmingly intelligent, and an incredibly smooth operator. She encourages real trust in clients and rightly so. Her intuition is always on point and she has a real talent for seeing the wood for the trees and identifying precisely what it is that a case turns on.’

‘India Furse remains the best associate I have ever worked with. Unassuming, no nonsense, and invariably right. She is someone you desperately need alongside you in the trenches.’

‘Very commercial in approach, they focus on what the client wants and needs and how best to get it. No energy is wasted on unnecessary confrontation, but nor do they give ground unless it suits the client to do so.’

‘Holly Stebbing is very impressive as the manager of a litigation team; she keeps everyone focussed and sets the agenda very clearly.’

‘Great commercial knowledge of the industry context; well resourced; lovely to work with.’

‘Harriet Jones-Fenleigh is a highly experienced lawyer with a good eye for detail.’

‘NRF has a fantastic commodities disputes practice. It has some market leading partners, is involved in some of the most high-profile cases in this area, and provides well-resourced teams who are very able to handle the most complex litigation in this field.’

Key clients

Citibank N.A. and Citigroup Global Markets Limited

Mercuria Energy Group

Barrick Gold Corporation

Work highlights

  • Acted in a US$285m Commercial Court dispute concerning financing transactions entered into between CBNA/CGML and commodities trader Mercuria in respect of metal supposedly stored in warehouses at the Chinese ports of Qingdao and Penglai.
  • Advised Barrick Gold Corporation (Barrick) in relation to the framework arrangements entered into between Barrick and the Government of Tanzania (the Government).
  • Advising FBN on a multimillion-dollar cross-border dispute arising out of a trade finance facility provided to an African commodities trader.

Employment > Pensions (non-contentious) Tier 2

Norton Rose Fulbright's lawyers receive plaudits from clients for their 'breadth and depth of experience, ability to draw on different competencies across the team, pragmatic approach, connections in the market'. The group is able to assist employers, trustees, insurers, lenders and providers with the spectrum of pensions issues, with an active pensions-related transactions practice, an employer advisory workstream that involves funding negotiations, trustee engagement and information sharing, as well as liability management and de-risking. On the trustee side, the team advises on all legal aspects of the administration and management of schemes, with particular expertise in regulatory issues. Lesley Browning  heads the department, with a varied practice that includes day-to-day regulatory and governance issues, corporate transactions and matters relating to scheme mergers and custody agreements. Shane O’Reilly  is also well-regarded for regulatory and transactional issues, and has recent experience in GMP equalisations. In July 2021, the group was joined from the pensions regulator by counsel Graeme Tricker.

Practice head(s):

Lesley Browning

Other key lawyers:

Shane O’Reilly; Graeme Tricker

Testimonials

‘In all cases NRF have managed to very effectively find a solution, through a balanced combination of high quality technical legal advice coupled with – where and when required – pragmatic and approach. NRF are undoubtedly a very much trusted and reliable partner to us, working seamlessly alongside the Trustees as well as our other advisors.’

‘We have always been extremely satisfied with our NRF advisors, both the current team as well as their predecessors. Our current team, Shane O´Reilly and Graeme Tricker are both, in my opinion, first in class – both in terms of the quality of their technical legal advice as well as their client and project management experience and expertise. As I noted above, we have encountered some non-trivial obstacles with the wind-up of the plan, which Shane and Graeme have really taken on board and managed to navigate for the Trustees, very often having to distil what was extremely complex legal challenge into a manageable practical solution.’

‘Vast amount of experience in pensions legal matters.’

‘The team is very commercial and have helped us get through a number of difficult transactions. On most occasions, the other side have complained about their own lawyers and praised Norton Rose Fulbright showing how good a job Norton Rose Fulbright do particularly when faced with having to deal with poor performances from other lawyers.’

‘Lesley Browning is a safe pair of hands. We trust her absolutely and she always delivers. A pleasure to work with.’

‘Breadth and depth of experience, ability to draw on different competencies across the team, pragmatic approach, connections in the market’

‘Approaches difficult issues with good humour and pragmatism, open to ideas and willing to collaborate to come up with solutions, flexible ways of working, very accessible and responsive.’

‘The team understands the company well and the quality of its advice demonstrates that. The produce high quality summaries that are understandable to all. These are supported by detailed reasoning for those who need the full background. The people with whom we work closely have collaborate well in meetings and are mindful of the company’s objectives – they tailor their advice accordingly.’

Key clients

Abellio Transport Holdings B.V.

Abellio Transport Holdings Ltd

Accolade Wines Ltd

AES Corporation

AmTrust International Limited

A. Schulman Limited

AXA UK plc

Bain Capital

Bank of Ireland

Barclays Bank plc

Bombardier Inc.

The Boston Consulting Group Limited

BMO Asset Management (Holdings) Plc

Canada Life Limited

Carnival plc

Carlsberg UK Limited

Carrier Pension Trustee Limited

Charles Taylor Limited

Chubb Services UK Limited

Civil Aviation Authority

Colgate-Palmolive (UK) Limited

Cooper Tyre & Rubber Co. Europe Limited

Crest Nicholson plc

Dalriada Trustees Limited

DHL International (Ireland) Ltd

Energizer Brands LLC

FCA

FTI Consulting LLP

GFG Alliance

Hayward Tyler Pension Plan Trustees

HSBC Global Asset Management (UK) Ltd

HSBC Master Trust Trustee Limited

HSBC Retirement Services Limited

Hydro Aluminium Deeside Ltd

Hydro Aluminium UK Limited

Hydro Building Systems UK Ltd

Hyperion Insurance Group Limited

IMI plc

ING Bank NV

Invensys Pension Trustee Limited

Irish Pensions Trust Limited

John Menzies

Lancaster Landmark Hotel Company Limited

Lyondell Chemical Europe Inc.

Maersk Line UK Limited

McLaren Technology Group Limited

Mercer Limited

MS Amlin plc

Munich Re

Nordea Bank

Norsk Hydro ASA

Northern Marine Management Ltd

Olympus Management Limited

Oxford Instruments Plc

P&O Ferries Limited

Post Office Limited

QBE

RGA UK Services

RWE A G

Renishaw plc

Rothesay Life

Royal Bank of Canada

Russell Investments Limited

Sandvik AB

SNC Lavalin

Stena AB (publ)

Stena Drilling Limited

Stena Line Limited

Sun Life of Canada

Tokyo Electron Group Limited

Trustee of the IPT Group Pension Plan

Trustee of the Oxford Instruments Pension Scheme

Trustee of the Steel Construction Institute Pension Scheme

Trustees of the Bayerische Landesbank Retirement and Death Benefits Plan

Trustees of the BBVA London Pension Plan

Trustees of the Crown Agents Superannuation Scheme

Trustees of the Dover Harbour Board Pension and Life Assurance Scheme (1973)

Trustees of the J.J. Churchill Ltd Executive Pension Plan

Trustees of the Marylebone Cricket Club Pension and Assurance Scheme

Trustees of the National Bank of Abu Dhabi Pension and Life Assurance Scheme

Trustees of the Shaw Group UK 1997 Pension Scheme

Trustees of the SITA Defined Benefit Pension Scheme

Trustees of the Thomson Pension Fund

Trustees of the West of England Ship Owners Insurance Services Ltd Retirement Benefits Scheme

USAA Limited

V. Ships UK Ltd

Vitality Life Limited

Vroon Offshore UK Limited

Wincanton Pension Scheme Trustees

Work highlights

  • Advised Olympus Property Holding Limited on an insurer buy-out of the Earls Court & Olympia Pension Scheme, including advice from our German colleagues on German regulatory restrictions relevant to the client’s (non-UK) investor group.
  • Advised Lyondell Chemical Europe Inc. on a project to harmonise money purchase benefits, including advice on potential section 75 debt issues, age discrimination, trustee negotiations and consultation requirements.
  • Advised Renishaw plc on a complex benefits rectification exercise, involving sex equalisation and potential over- and under-payments.

Finance > Asset based lending Tier 2

The ‘practical and extremely user-friendly’ team at Norton Rose Fulbright has ‘excellent knowledge of ABL market trends’, a corollary of its impressive deal flow in the domestic and international markets. This work runs the gamut, ranging from relatively commoditised bilateral working capital facilities, through to structured financings where the ABL product sits alongside high yield bonds and conventional lending facilities. Praised for his ‘in-depth knowledge of ABL and cross-border lending’, team head Michael Black takes the lead on many of the most significant mandates, a significant proportion of which are generated from his close relationship with core US funders JP Morgan, Wells Fargo and Bank of America.

Practice head(s):

Michael Black

Other key lawyers:

Alex Dunn; Charlotte Hickman; Helen Masri

Testimonials

The team are market leaders in their knowledge of cross-border lending and market trends. They also have developed an impressive bench of younger talent to help service their clients. They are knowledgeable, practical and extremely user-friendly.’

‘Michael Black – an A+ in knowledge, negotiation skills and analysis. Michael has such in-depth knowledge of ABL and cross-border lending that he exceeds his peers.’

Key clients

Ares Commercial Finance

Accel-AKKR

Wells Fargo

Bank of America

Citibank

JP Morgan Chase Bank

M&G Investment Management

HSBC Invoice Finance

ABN Amro

Citizens Bank

Owl Rock

Caisse de Depot et Placement du Quebec

Regions Bank

Work highlights

  • Advised Bank of America as arranger of an ABL facility and a 1st lien term loan, and advised Owl Rock as arranger of a 2nd lien term loan to fund the acquisition of the Babylis Group by American Securities.
  • Advised Ares Commercial Finance as arranger, agent and lender on a $10m ABL revolving credit facility, $210m senior facilities and $165m 2nd lien facilities for Microstar International Holdings Corporation, following its acquisition of Australian-based company Kegstar.
  • Advised ABN Amro Asset Based Finance on a £70m asset based lending facility to a joint venture between Amey and Briggs Equipment in order to service a £240m contract with the Ministry of Defence to maintain and manage construction and materials handling equipment used by British armed forces worldwide.

Finance > Debt capital markets Tier 2

The debt capital markets practice at Norton Rose Fulbright is 'up-to-date with market trends and practices' with one client remarking that the practice is 'highly organised, professional and responsive'. The firm has a broad practice that encompasses investment grade and emerging markets debt, transactions for sovereign and supranational issuers, project bonds, debt restructuring, corporate trust matters, Islamic finance and a niche Canadian debt issuance practice. Practice head Peter Young handles debt offerings under both English and New York law. Farmida Bi is now global chair of the firm, and focuses on sustainability and corporate social responsibility. In the DCM space, her work is predominantly concerned with corporate trustee advice, sovereign debt, project bonds and restructurings. Peter Noble is best known for advising Canadian issuers and their dealers in the international debt markets, though he has a broader European DCM practice. Emerging partner talent Kirstin Russell acts for corporate trustees and agents in the UK, US and Asia on a wide range of debt instruments.

Practice head(s):

Peter Young

Other key lawyers:

Farmida Bi; Peter Noble; Kirstin Russell; Vishal Mawkin; Miguel Torres; Alison Hutchings

Testimonials

‘The Norton Rose London team were excellent advisers. They are up-to-date with market trends and practices and were able to advise us excellently. We very very happy with their services. Vishal Mawkin and Peter Young and Miguel Torres stand out.’

‘The team has a deep understanding of the market and of the needs and processes of the issuer clients we work with. They are highly organised, professional and responsive.’

‘Peter Noble does a great job, especially when working on trades involving some of our more demanding issuers. He is highly knowledgeable, responsive and very helpful when we have queries. Alison Hutchings is highly capable and always a pleasure to work with.’

‘The team is set up with a number of professionals that can make the right decisions and are very good discussion partners on the DCM side. Efficient people that know the corporate they work for.’

Key clients

Republic of Angola – Ministry of Finance

Ecobank Transnational Incorporated

Citi

Piraeus Bank

Eurobank

Deutsche Bank

Government of Pakistan, Ministry of Finance

Telenor ASA

Royal Bank of Canada

Unicredit

MUFG Securities

US Bank

Republic of Kazakhstan

Schlumberger

BNP Paribas

Law Debenture

BNY Mellon

Intertrust

JP Morgan

HSBC Bank PLC

Bank of China

The Development bank of Southern Africa (DBSA)

Bank of Nova Scotia

Work highlights

  • Acted for ETI on the first Tier 2 sustainability bond to be issued by a financial institution in sub-Saharan Africa, and the first to have a Basel III-compliant 10-year no-call 5 structure of South Africa.
  • Acted for the Development Bank of Southern Africa on its issuance of ZAR3 billion fixed rate green bonds due 2024, representing the first transaction under the United Nation’s Economic Commission for Africa (UNECA) Goal Seven (SDG7) Programme to fund green energy in Africa.
  • Advised the Government of Pakistan on a US$2.5 billion bond issue. The Notes will be issued across three tranches under the Global Medium Term Note Programme: US$1 billion 6 per cent Notes due in 2026, US$1 billion 7.375 per cent Notes due in 2031 and US$500 million 8.875% Notes due in 2051.

Finance > Derivatives and structured products Tier 2

Norton Rose Fulbright acts predominantly for global investment banks, among them JP Morgan and Bank of America Merrill Lynch, though it frequently advises Asia-Pacific, Middle Eastern and Islamic banking clients. Peter Young leads the capital markets group, in which the derivatives and structured products practice sits. The ‘responsive and pragmatic‘ Nigel Dickinson is the key partner in that practice and he stands out for his advice on swap bifurcations, TRS and repo financings, CLO hedging and repackaging transactions. He assisted JP Morgan as swap counterparty on a securitisation which comprised the issuance of seven classes of collateralised notes linked to an underlying portfolio of UK auto loans. Yusuf Battiwala, who joined from Dentons, brings extensive experience in derivatives, structured finance and Islamic finance practice. Clients note that he ‘is able to combine conventional derivatives expertise with sharia principles and so is one of the best advisors for Islamic structured products‘. The practice also features covered bond and structured finance partner David Shearer, market infrastructure, derivatives and fintech specialist Hannah Meakin and global head of financial services regulation Jonathan Herbst. Daniel Franks moved to Ashurst in 2022.

Practice head(s):

Peter Young

Other key lawyers:

Testimonials

‘NRF have a very strong derivatives and structured products practice.’

‘Nigel Dickinson is a standout partner. He’s responsive and pragmatic.’

‘Both Nigel Dickenson and Yusuf Battiwala are great.’

‘Yusuf Battiwala (Partner) is brilliant – he is excellent technically and very user friendly. Yusuf is also special in that he is able to combine his conventional derivatives expertise with sharia principles and so is one of the best advisors for Islamic structured products.’

Key clients

JP Morgan

Bank of America Merrill Lynch

Bank of Ireland

BNP Paribas

First Abu Dhabi Bank

Mitsubishi UFJ Financial Group

Natixis

Piraeus Bank

Prime Capital

Work highlights

  • Acted for JP Morgan as swap counterparty on a securitisation which comprised the issuance of seven classes of collateralised notes linked to an underlying portfolio of UK auto loans (including hire purchase agreements).
  • Advised 28 hedging banks on the financial close of the third phase of Dogger Bank offshore wind farm, upon completion in 2026, it will be the world’s largest offshore wind farm.
  • Acted for MUFG in relation of the derivatives aspects of its transition from IBOR to risk-free rates (RFRs).

Finance > Securitisation Tier 2

Norton Rose Fulbright has a strong focus on residential mortgage-backed transactions, both domestic and cross-border, though it is also recognised for its expertise in covered bonds, trade receivables and SME lending. David Shearer leads the practice and clients remark that he ‘has a keen eye for detail and his advice is always very helpful without being overly dogmatic‘. He acted for Al Rayan Bank in the successful redemption and unwinding of its groundbreaking £250m sharia-compliant UK RMBS Tolkien Funding Sukuk No.1 plc. He also assisted Africa Finance Corporation with the securitisation of its participation in a loan facility through a platform established by Tradeteq. The vastly experienced Sandrine Sauvel is highly regarded by her peers for advising arrangers, originators, trustees, rating agencies and monoline guarantors. Counsel Rae Parsons is lauded by clients for her work on receivables financings, RMBS, auto-lease receivables, and credit card receivables structures. She worked with Shearer on the amendment and restatement of a note purchase facility for 777 Partners.

Practice head(s):

David Shearer

Other key lawyers:

Testimonials

‘Partner David Shearer is very knowledgeable, sounds very confident and was always available and involved.’

‘Counsel Rae Parsons was quite impressive on various aspects of the transaction.’

‘NRF have helped us with respect to certain private Australian ABS securitisations through their Sydney and London offices. They are one of the few firms to have such capability.’

‘In particular David Shearer in the London office is able to provide detailed SecReg advice alongside associate Rae Parsons in the context of Australian issuers.’

‘David Shearer is super knowledgeable and very easy to work with. He has a keen eye for detail and his advice is always very helpful without being overly dogmatic.’

Key clients

Al Rayan Bank

National Bank of Canada

Royal Bank of Canada

Bank of Montreal

Barclays Capital and TD Securities

Bank of Nova Scotia

Federation des Caisses Desjardins du Quebec and CIBC)

Royal Bank of Scotland

777 Partners

Africa Finance Corporation

Work highlights

  • Advised Al Rayan Bank on the successful redemption and unwinding of their ground breaking Sharia compliant UK RMBS.
  • Acting for Africa Finance Corporation in the securitisation of its participation in a loan facility.
  • Acting for 777 Partners in connection with amendment and restatement of a note purchase facility under which Trans Atlantic Mortgages Limited issued notes with the note proceeds to be used by it to fund its purchase of equity release mortgages.

Industry focus > Hospitality and leisure Tier 2

Norton Rose Fulbright utilises its global network of offices throughout Europe, the US, Canada, Asia, Australia, Africa and the Middle East to provide its clients with advice across the full spectrum of hospitality and leisure matters. Areas of expertise include branding, construction, franchising, IP, operations, planning and sustainability. The team is also well equipped to deal with matters concerning various asset classes. The practice is led by Wasim Khan. Having worked in the Dubai and Bahrain offices, Khan has a sound understanding of investor clients from the Middle East. He has a strong track record of acting for development, investment, financing and occupier clients.

Practice head(s):

Wasim Khan

Other key lawyers:

Dan Kennedy; Sarah Fitzpatrick

Key clients

Soho House Limited

Emirates NBD Bank (P.J.S.C) London Branch

British Racing Drivers Club Limited

PPHE Hotel Group (Park Plaza)

57 Whitehall S.à.r.l.

AIG

A Premiership Football Club

Al Faisal Holding

United Overseas Bank and Bangkok Bank

Yoo Capital

Deutsche Finance International LLP

HSBC Bank plc

Olympus Property Holding Limited

Standard Chartered Bank

777 Partners LLC

Hotchkiss Limited

Setha Canterbury Limited

Work highlights

  • Advised PPHE Hotel Group in relation to a joint venture with Clal Insurance, one of Israel’s leading insurance and long-term savings companies, in respect of two of the PPHE Group’s prime London assets.
  • Advised Olympus Property Holding Limited on the continuing £1.3bn London Olympia redevelopment scheme which will transform the iconic 133-year-old venue into a premier destination for the arts, entertainment, exhibitions and events.
  • Advised British Racing Drivers Club, the owners of the world famous Silverstone motor racing circuit, on the development by Escapade Living of 60 new luxury holiday lodges and the delivery of a new Hilton hotel.

Industry focus > TMT Tier 2

The cornerstone of Norton Rose Fulbright‘s TMT offering is its technology consulting practice, established in 2021 with the hire of Madeline Bailey and co-headed by Bailey and Peter McBurney. Through the team, the firm provides in-depth strategic support to clients looking to take advantage of emerging technologies, including those on the cutting edge of innovation such as blockchain, cryptocurrencies, and AI. The technology team is headed up in EMEA by Sean Murphy, who helms a practice with expertise ranging from corporate finance and M&A deals to data and fintech work. Also in the technology space, James Russell leads on matters relating to outsourcings, while Oliver Stacey heads up the UK telecoms team. Competition lawyer Caroline Thomas is also noted.

Practice head(s):

Sean Murphy; Oliver Stacey; James Russell

Other key lawyers:

Testimonials

‘Present A-Z throughout the project, and hence capable of helping clients like us tackling any aspect of complex transactions. That is VERY valuable to clients like us.’

‘Approachable, knowledgeable (legal know-how plus industry knowledge in mobile telecoms), responsive.’

‘Hats off to Oliver Stacey and Zahra Sachedina for their work: many people at NRF worked on a key transaction with us, but they orchestrated the whole lot and should be thanked for it.’

Key clients

Airband Community Internet Limited

AT&T

BNP Paribas

Bolt

BP

CGI

Community Fibre Limited

Coventry Building Society

Coveo

Etisalat

Helios Investment Partners

HSBC

IFC

Macquarie Capital

Modern Times Group

Mubadala Investment Company

National Digital Infrastructure Fund (Amber Infrastructure)

Newegg

Ocado plc

Orange S.A

Paradigm Infrastructure

PayPal Inc.

Prudential

Purplebricks Group plc

Rothesay Life

Safaricom

Standard Chartered Bank

Starling Bank

Telenor

TowerShare

VAKT Global Limited

Veon

Vodafone / Vodacom

Work highlights

  • Advised Modern Times Group AB on the sale of ESL Gaming to the Savvy Gaming Group in an all-cash transaction.
  • Advised a consortium, led by Kenya’s Safaricom and including Vodafone, Vodacom, CDC and Sumitomo, on its winning bid for Ethiopia’s first telecoms license for $850m, following a competitive, two-year auction process.
  • Advised Coveo on the acquisition of the entire issued share capital of Qubit Digital Ltd, a software-as-a-service provider of machine learning and artificial intelligence solutions in the e-commerce sector.

Insurance > Professional negligence Tier 2

Norton Rose Fulbright's team 'combine a high degree of legal expertise, litigation strategy and good commercial judgement'. Its lawyers handle high value claims, with a focus on the financial services and insurance sectors. The London team is able to draw on substantial support from the wider firm's vast global network, which spans Europe, the US, Asia, Australia, Canada, Africa, the Middle East and Latin America. Katie Stephen, ‘undoubtedly one of the best financial service practitioners in the City‘ and Michelle George, with over thirty years’ experience, regularly handle high value and complex commercial cases. Mike George is seen as 'a real rising star for the future.'

Practice head(s):

Michelle George

Other key lawyers:

Helen Fairhead; Mike George; Katie Stephen

Testimonials

‘A first class professional negligence team acting for insured defendants, mainly solicitors. They have an excellent understanding of the law, commercial awareness of risk, tactical nous and a good client management skills’.

‘Michelle George is always completely on top of the facts, analytical in her approach, keen to explore all the options which could assist her clients, and generally one of the best in this field.’

‘NRF’s professional negligence team is experienced, professional and commercial. They combine a high degree of legal expertise, litigation strategy and good commercial judgement.’

‘Michelle George is brilliant. She is highly strategic, focused and diligent. Mike George is a real rising star for the future. He is very hard working and has very good judgment.’

An innovative team that provides a clear roadmap to a successful outcome. The team consistently provides excellent value for money.’

‘Michelle George – a superb legal brain as well as being commercially astute. Michelle cuts straight to the heart of a matter. An excellent strategist.’

‘Mike George is a pleasure to deal with even on the most difficult and sensitive matters. His combination of legal acumen, eye for detail and strategic thinking means he delivers time and again.’

Key clients

Hyperion

Lloyds Banking Group

Marsh & McLennan Companies

XL Catlin

PwC

Neon

Premia Re

M S Amlin

Markel International Limited

Brit Insurance

Ward Hadaway LLP and its insurers

Osborne Clarke LLP and its insurers

Bevan Brittan LLP and its insurers

Insurers of Ince & Co

Charles Russell Speechlys and Speechly Bircham and their insurers

Work highlights

  • Advised Speechly Bircham LLP and Charles Russell Speechlys LLP defending a High Court litigation all the way through to trial in respect of a professional negligence dispute concerning a private equity sale of a unified communications company.
  • Gave guidance to Ward Hadaway LLP in respect of a High Court dispute concerning allegations of professional negligence with quantum in the region of US$45m.
  • Offered counsel to Osborne Clarke LLP defending a High Court Litigation in respect of allegations of professional negligence in connection with a 2,000 unit development brought by two of the country’s leading house builders.

Investment fund formation and management > Listed funds Tier 2

Norton Rose Fulbright‘s team advises asset and wealth managers on every aspect of their listed funds, including formation, regulatory issues, as well as M&A of asset management businesses. The group is increasingly active in advising on funds investing in real asset classes such as energy, infrastructure and transport, as well as debt and insurance products. In addition to IPOs, lawyers at the firm has experience in secondary fundraisings, as issuer’s and banks’ counsel. Practice head Richard Sheen is noted for his expertise in the launch and structuring of investment funds and equity capital markets transactions, also areas of expertise for Ian Fox and Mark Lloyd Williams. Senior associate Margaret Simcock  is another practitioner of note.

Practice head(s):

Richard Sheen

Other key lawyers:

Ian Fox; Mark Lloyd Williams; Margaret Simcock

Testimonials

‘This is a team that knows the law inside out and can apply it commercially. No other innovation needed.’

‘Ian Fox is very knowledgeable, calm and commercial.’

‘Highly experienced and knowledgeable staff. Always have a tight grip on their areas of expertise.’

‘Ian Fox is a longstanding practitioner who is hugely knowledgeable and very responsive. He has seen most things!’

‘Partner access and engagement, expertise, sounds pragmatic advise based on considerable experience. Very reliable and trusted.’

Key clients

Atrato Onsite Energy

BBGI Global Infrastructure SA

Bluefield Solar Income Fund Limited

Crystal Amber Fund

F&C Investment Trust plc

Investec Bank plc

JP Morgan Cazenove

L1 Property

Macau Property Opportunities Fund

Numis Securities Limited

RBC Capital Markets

Singer Capital Markets Limited

Taylor Maritime Investments Limited

The Renewables Infrastructure Group Limited

Trian Investors 1 Limited

UIL Limited

UIL Finance Limited

Winterflood Securities Limited

Ecofin US Renewables Infrastructure Trust PLC

Jefferies International Limited

Work highlights

  • Advised Atrato Onsite Energy plc on its IPO and admission to the premium segment of the Official List and to trading on the London Stock Exchange’s main market for listed securities.
  • Advised Taylor Maritime Investments Limited on its IPO and admission to the premium segment of the Official List and to trading on the London Stock Exchange’s main market for listed securities.
  • Advised Investec Bank plc (as financial adviser, global co-ordinator and sole bookrunner) on the IPO of Cordiant Digital Infrastructure Limited and on its admission to the Specialist Fund Segment.

Projects, energy and natural resources > Infrastructure Tier 2

The energy, infrastructure and natural resources team at Norton Rose Fulbright services a wide range of sectors and geographies, utilising the firm’s large international network. It is particularly strong in emerging markets and has a strong track record of projects work in Africa, where it acts for sponsors, developers, contractors, operators, financial institutions and institutional investors.  Martin McCann is a name to note for debt financing, greenfield projects and restructuring. Daniel Metcalfe is another key financing practitioner with experience in multi-source and multi-tranche facilities and, at the more junior end of the team, senior associate Melusi Dlamini is a name to note for PPPs and PFIs, social infrastructure and renewable energy projects. Nicolas Sirtoli was promoted to partner.

Testimonials

‘A set of individuals that will  compromise with their client and work as part of the team’.

‘The team is always great, they listen to us and try to understand our business so that they can deliver the best advice. They’re also transparent on invoicing’

Key clients

Absa Bank Limited

AMG Pension Fund

Armstrong Energy Limited

Balfour Beatty

BP

Commonwealth Bank of Australia

European Investment Bank

Greencoat UK Wind plc

Hellenic Republic Development Fund

Hermes Investment Management

John Laing Infrastructure

JP Morgan

Lloyds Banking Group

Octopus Investments

Orange SA

Sacturino Limited

Standard Bank

Standard Chartered Bank

The Renewable Infrastructure Group Limited

Baltic Connector Oy

Work highlights

  • Advised Sandvik AB on its €943m acquisition of DSI Underground, a multinational underground mining solutions company, from Triton Partners.
  • Advised International Finance Corporation and Standard Chartered Bank in connection with all aspects of the provision of $95m secured loan facilities to IHS Zambia Limited.
  • Advising Patina, the 40% shareholder in Eurostar, on the potential merger between Eurostar and Thalys, the European high speed rail operator.

Projects, energy and natural resources > Oil and gas Tier 2

The energy, infrastructure and natural resources team at Norton Rose Fulbright is well placed to handle cross-border work by virtue of its large international network and the firm has a strong record in both developed and emerging markets. It has recently been handling a number of LNG mandates, advising on the full life cycle of projects, from inception, to financing, to operational and commercial matters. Rob Marsh heads the team which includes Holly Stebbing, a key name for litigation and disputes. Alistair Black joined from Dentons in November 2021 and brings development and finance expertise and experience in a range of energy projects. Nick Prowse left for an in-house role at Luton Rising and Neil Miller retired.

Practice head(s):

Rob Marsh

Other key lawyers:

Madhavi Gosavi; James Rogers; Holly Stebbing; Hussain Kubba; Neha Khosla

Testimonials

‘Great team; very informed about legal and commercial issues and implications’.

‘Very personable, which makes working with them effortless’.

‘They are attuned to the needs of a client and go above and beyond to make things easier for you’.

‘Holly Stebbing has great leadership skills which reflects positively on the work product of her associates’.

‘Holly Stebbing’s ability to recall specific details is impressive, especially when discussing dormant matters and she shows a great appreciation of commercial issues that impact a business’ decision making, resulting in appropriately tailored advice that can be easily executed’.

Key clients

bp

Eni

Tullow Oil plc

ExxonMobil

IFC

INA – Industrija Nafte d.d.

Ministry of Finance of Angola

Pavilion Energy

Shell

Work highlights

  • Advised bp on its $2.6bn sale of 20% stake in Oman’s Block 61 to PTTEP MENA Limited, a subsidiary of Thailand’s PTT Exploration and Production Public Company Limited.
  • Advised on the financing of the construction, development and operation of the INGS Alexandroupolis, an independent natural gas terminal in north-eastern Greece.
  • Advised the senior lenders on the first-ever reserves based development finance facility in Mexico for an offshore oil & gas project.

Real estate > Commercial property: development Tier 2

The ‘exceptionally talented team’ at Norton Rose Fulbright has demonstrable experience in energy, infrastructure and other long-term development projects, as well as social housing investment mandates and leverages its international network to advise on complex cross-border real estate matters. UK practice leader and leading Islamic finance specialist Wasim Khan has experience in acting for developers and banks in relation to waste to energy schemes, in addition to renewable energy and power projects, while global head of real estate Dan Wagerfield handles mixed-use developments and outbound capital from Asia. Louisa Roe, who was promoted to partner in January 2022, is praised as a ‘tour de force’ when acting for both landlords and tenants in leasing transactions, while Charlie Pinkerton advises on office and headquarter relocations. David Hawkins focuses on mixed-use developments and David Sinclair handles a range of projects in the office, hotel and infrastructure sectors.

Practice head(s):

Wasim Khan

Testimonials

‘Very perceptive, engaged and professional.’

Key clients

Stena Line BV

bp

Rugeley Power Limited (an ENGIE Group company)

MUFG Bank

DP World London Gateway

Dagenham Dock

British Racing Drivers Club

Resolution Property IM LLP (UK)

Europa Capital (UK)

Ask Real Estate (UK)

Commerz Real (Germany)

Prudential plc (UK)

Olympia London

57 Whitehall S.à.r.l. (Old War Office) (India and Spain)

Bank ABC (Middle East)

Schroder Real Estate Investment Management (UK)

Tristan Capital Partners (UK)

HSBC Alternative Investments (UK)

Bank of Montréal (Canada)

Employees Provident Fund (Malaysia)

Ørsted Energy (formerly Dong Energy) (Denmark)

Argo Group (USA)

WELPUT (Jersey)

Ashby Capital (UK)

State General Reserve Fund (Oman)

SOFAZ (Azerbaijan)

ICBC (London) plc

Hobart Partners (UK)

Sidra Capital (Dubai)

Ivanhoé Cambridge (Canada)

Barnard’s Inn Unit Trust

IMI plc (Truflo Marine Ltd)

National Westminster Bank plc

BMW

Work highlights

  • Advising on the sustainable, mixed-use redevelopment of Rugeley Power Station in Staffordshire, a major 10-15 year regeneration project to create 2300 low carbon homes, a school, golf course, parkland and 12 acres of employment space for commercial use.
  • Advising on the ongoing investment and £1.3bn redevelopment of London Olympia, a 130 year old exhibition and events business situated on a prime 14 acre freehold site in West London.
  • Advising Swedish ferry operator Stena Line on their joint development with Associated British Ports of a new £100m freight terminal at Immingham Port.

Real estate > Construction: non-contentious Tier 2

The non-contentious construction offering at Norton Rose Fulbright is known for its deep sector focus in relation to infrastructure, civil structures, office blocks and hotels. It is also a strong practice for student accommodation projects, acting for funders both domestically and internationally. Matthew Hardwick leads the team, with particular expertise in the transport, social infrastructure, and waste sectors. Andrew Buisson specialises in PFI/PPP concession arrangements, project-financed and conventionally-funded construction contracts, as well as operation and maintenance agreements in the infrastructure, construction, and engineering sectors. Matt Hacking‘s practice offers a particular focus on African jurisdictions, advising on development and financing of large-scale projects in the mining, energy and infrastructure sectors.

Practice head(s):

Matthew Hardwick

Other key lawyers:

Testimonials

‘The Norton Rose Fulbright team is well-rounded. They are very pragmatic in their approach, have great drafting skills and venture into areas such as the technical and payment schedules.’

‘Andrew Buisson is a standout partner; extremely knowledgeable in all types of infrastructure projects. His document control and drafting is also excellent. A highly recommended individual.’

‘Matt  Hacking is an extremely capable lawyer. He is a skilful draftsman, which comes from his ability to grasp complex issues and distil them into concise drafting.’

Key clients

ACWA Power

Assured Guaranty

Balfour Beatty

Bechtel

Bouygues UK

Chevron

Compagnie des Bauxites de Guinee

DP World

Ecobank Ghana Limited

Eco World

European Investment Bank

Eurasian Resources Group

Full Circle Generation Limited

GuarantCo

Hochtief

INA-INDUSTRIJA NAFTE, d.d.

Iridium

International Finance Corporation

JG Pears Power Limited

KS GOK LLC

Marubeni Corporation

Moroccan Agency for Solar Energy

National Grid

Ofwat

Orsted

Sumitomo Mitsui Banking Corporation

TAV HAVALIMANLARI Holdings A.S.

Thales

TOTAL

Bank of Tokyo-Mitsubishi

Urbaser

Work highlights

  • Advising the lenders (Stanbic Bank Kenya Limited, Standard Bank of South Africa, DEG, EAIF) on various lots in the Kenyan Annuity Roads Programme, which aims to construct up to 10,000km of new roads across the country. These are the first PPP projects in Kenya.
  • Advising Tibah Airports Development Company, and its sponsors TAV Havalimanlari Holding A.S and Al Rajhi Holdings, on operational aspects of the USD $1.2 billion Prince Mohammed Bin Adbulaziz International Airport at Madinah in the Kingdom of Saudi Arabia.
  • Advising Horizonte Minerals in relation to all aspects of the financing and construction of their Araguaia nickel project in the Carajas region of Brazil.

Real estate > Environment Tier 2

Norton Rose Fulbright’s international network and expertise in multiple sectors of environmental law means the firm can work in some of the largest multi-jurisdiction cases in this area. The team’s domestic workload also encompasses some of the largest remediation and infrastructure development projects in the UK. The environment, safety and planning team is led by three specialist partners: ‘hugely experiencedCaroline May, who chairs the Law Society Working Group on climate change; Sarah Fitzpatrick, a planning specialist who brings experience of environmental issues including habitat and species protection; and Laura Kiwelu, who works with the team on crossover renewable energy and carbon finance projects and has recently been promoted to partner. It also counts on the expertise of ‘clever and pragmatic’ special counsel Lucy Bruce Jones, whose workload includes the environmental aspects of project developments and transactions. Andrew Hedges departed the firm in November 2021.

Practice head(s):

Caroline May; Sarah Fitzpatrick; Laura Kiwelu

Other key lawyers:

Testimonials

‘A strong team with a in-depth knowledge of the industry, great commercial awareness; leaders in diversity able to understand clients from jurisdictions around the world – as a result. Team work is excellent.’

‘Caroline May highly recommended in litigation. She is a true leader, handles crisis well. She is a “street-fighter” who will fight a case while being flexible to accommodate other solutions.’

‘The team is dynamic, and creative with its advice and approach to problems. Their advice is no-nonsense and easy to understand and work with.’

‘Very specialist and punchy team.’

‘Caroline May – very experienced partner, seen it all before’

‘Very experienced, sensible and pragmatic lawyers. Tough when they need to be, but always realistic.’

‘Caroline May – hugely experienced in this area. Lucy Bruce Jones – she’s great; clever and pragmatic.’

‘During the past couple of years, we have worked with the Environment / sustainability team for joint delivery of sustainability advice to clients from the finance sector. The team is extremely knowledgeable and can call upon diverse expertise from within their globally integrated practice.’

Key clients

AIG Asset Management (Europe)

AT&T Corp.

BMW (UK) Limited

BNP Paribas

CF Industries Holdings Inc

Civitas Social Healthcare Advisors Limited

Crest Nicholson Plc

Daniels SharpSmart, Inc.

DBS Bank Ltd

DP World/London Gateway Port Limited

Europa Capital LLP – Dagenham Dock Limited

ExxonMobil International Limited

General Motors Company

GlaxoSmithKline LLC

Gore Street Energy Storage Fund Plc

Greencoat UK Wind Plc

Greenergy International Ltd.

Greenlink Interconnector Limited

HSBC Global Asset Management (UK)

HSBC UK Bank plc

Kerry Group Plc

Laing O’Rourke Plc

Macquarie Bank Limited

Numis Securities Limited

Quinbrook Infrastructure Partners

Sandvik Mining & Construction Tools AB

Setha Canterbury Limited

Shell International Limited

Silicon Valley Bank

Tees Eco Energy Limited

Tiger Infrastructure Partners LP

Vodafone Group Services Limited

Yara International ASA

Work highlights

  • Acting on a high profile international group litigation claim involving alleged pollution of rainforest in the Amazon basin.
  • Acting on one of the UK’s longest running contaminated land cases (20 years plus) arising from chemical groundwater contamination.
  • Advising in relation to high profile environmental challenges to the HS2 high speed rail project including matters of habitat and species protection.

Risk advisory > Corporate governance Tier 2

Norton Rose Fulbright is notably strong in UK Modern Slavery Act (MSA) compliance and other human rights issues and offers high-level advice on criminal and regulatory investigations. Its broad practice also provides advice on board-level governance issues, shareholder matters, risk management and regulatory matters to corporate clients and financial services companies. The team is headed up by Jon Perry and David Harris; Perry handles a range of corporate work, including cross-border transactions, with a focus on the commodities, mining and financial services sectors, and Harris is recommended for civil and criminal law investigations and proceedings before domestic and international authorities. Claire O’Donnell is a name to for governance and ethics issues, while Jonathan Herbst is recommended for UK and EU financial services law and regulations.

Practice head(s):

Jon Perry; David Harris

Testimonials

‘Made what is a complex and dry area to work in, clear and straight forward to understand’.

‘The team are excellent in explaining complex matters, and provide excellent practical advice’.

Key clients

Anglo Pacific

Barrick Gold Corporation

Coca Cola HBC

Crest Nicholson

F&C Investment Trust

Greencoat

HSBC

IMI

Lloyds Banking Group

PPHE plc

Randgold Resources

Terra Firma

Reach

ValueAct

TeliaSonera AB

Victor Dahdaleh and associated companies

Civitas Social Housing

Work highlights

  • Advised a former senior executive of Petrofac in relation to a criminal SFO investigation.
  • Advising on business and human rights matters, including compliance with the UK Modern Slavery Act (MSA) and other human rights reporting requirements, including those under the UK Companies Act.

Risk advisory > Data protection, privacy and cybersecurity Tier 2

Norton Rose Fulbright‘s ‘practical, friendly and commercially-aware’ team regularly handles GDPR work, cyber incident responses and investigations on behalf of large corporates operating across the tech, financial services, aviation, life sciences and automotive industries. Recently, it has been increasingly busy with global compliance projects and matters related to Schrems II. The practice’s leadership is split between Marcus Evans, who has extensive experience in advising on multi-jurisdictional outsourcing deals, and Ffion Flockhart, whose expertise spans cyber risk management, incident responses and investigations. Another key name is Lara White, who is recommended for privacy compliance, sourcing contracts and IT arrangements.

Practice head(s):

Marcus Evans; Ffion Flockhart

Other key lawyers:

Testimonials

‘This practice has maintained a strong relationship with our organisation over a number of years and has always proved to be responsive in a timely manner. The advice has always been of the highest quality and always based on good commercial sense. Quick and sound legal advice at times of dispute and crisis always with a helping hand.’

‘Practical, friendly and commercially-aware.’

‘Great knowledge of norms and trends in the given sector (in this case, life sciences and healthcare). Able to provide pragmatic advice with clear suggestions on ways forward, even in complex areas of law where the approach to applying statutory legal tests is not yet clear in guidance or at common law. Useful to receive advice that can be applied in our business, rather than being so heavily qualified or caveated as to render it useless in practical terms!’

‘Marcus Evans was excellent at unpicking the advice that we required from what was a complex set of information and asks, and setting out a clear and transparent proposal and delivery timeframes.’

Key clients

American Airlines

Supreme Committee for Delivery and Legacy

BMW

Risk advisory > Regulatory investigations and corporate crime (advice to corporates) Tier 2

Norton Rose Fulbright brings to bear its multijurisdictional regulatory investigations, international trade, and white-collar criminal defence expertise in acting for an array of major global corporates and financial institutions throughout high-profile and complex proceedings, including SFO and FCA investigations, prosecutions by UK and US enforcement agencies, and internal compliance reviews relating to financial services regulations, ESG, and other emerging issues. The practice, led by the experienced duo of Patrick Bourke and Neil O’May, offers a broad range of experience, with key names including Ruth Cowley, who combines litigation and investigations expertise, David Harris, who handles regulatory compliance and cross-border investigations relating to financial crime, and Andrew Reeves, a go-to for cross border compliance work who is increasingly active on the sanctions front. Counsel Stuart Neely focuses on internal compliance investigations relating to bribery and corruption, money-laundering, fraud and ESG issues, while senior associate Claudia Culley handles high-profile mandates for financial institutions and corporates relating to regulatory breaches. Lista Cannon has moved into a senior consultant role.

Practice head(s):

Patrick Bourke; Neil O’May

Other key lawyers:

Testimonials

‘Very responsive and knowledgeable.’

‘Pamela Reddy is the stand out partner for me. Straight talking, clear advice, and a pleasure to work with.’

‘Over the past few years, NRF has recruited lawyers with first-class criminal law experience to support their corporate client base. Although a common approach over the past 10 years’ with City and US, NRF London have considerable cross-practice and cross-jurisdictional expertise to support their clients.’

‘I first met Pam Reddy through the Euribor case where she acted for an individual trader and was brilliant at navigating the complex world of multi-agency (SEC, DoJ, FCA and SFO) investigations and dealing with multinational corporations on matters of disclosure. Since moving to NRF her reputation has become greater and she is becoming a go-to person for corporate clients. Neil O’May is a highly effective team leader and one of the bigger beasts in the regulatory crime market.’

‘This is a team of talented and focused individuals who easily pass the ball around within the team so that gaps are filled effortlessly. They always seek to bring an answer alongside the difficult question.’

‘Neil O’May has a good understanding of the regulator’s outlook and a great ability to inspire confidence in clients with his no-nonsense assessment of their behaviour. Tom Hubbard and Claudia Culley are tremendously efficient associates with a great attention to detail who will both go far.’

‘Great team work, deep expertise, clear communication.’

‘Our team has been led by Jonathan Herbst and David Harris, with excellent support from Andrew Reeves and Claudia Culley. They have always given us excellent service, and communicated to us really well so that we can make the decisions we need to having understood properly the legal context of those options. The “human” way they interact with the individuals affected has also been critical in an effective service to us.’

Work highlights

    Transport > Rail Tier 2

    Norton Rose Fulbright has a broad client base that includes governments, rail companies, transport authorities and other companies such as cargo and rolling stock owning companies as well as train operating companies, manufacturers and leasing companies.  It has considerable international expertise and the group frequently advises on many high-profile rail transactions both in the UK and globally. The full service offering is now headed by Andrew Buisson. There have been changes to the practice with the departures of Simon Gwynne to Addleshaw Goddard and Tom Johnson to Freeths LLP, but Susanna Rogers remains a key member of the team and is highly rated for her considerable experience in advising on competition and regulatory matters in the rail sector; and counsel Louise Auty is also active in the field.

    Practice head(s):

    Andrew Buisson

    Other key lawyers:

    Key clients

    DB Cargo (UK) Limited / DB Cargo International Limited (together “DBC”)

    The City of Ottawa

    Crown Commercial Services

    Compagnie des Bauxites de Guinee

    The Department for Transport (DfT)

    DVB Bank SE and DZ Bank AG

    The Go-Ahead Group Plc

    Joint venture between Ferrovial Agroman (UK) Limited and Fluor Limited (the JV)

    Lagos State Government

    Lombard North Central plc

    Metrolinx (Greater Toronto Transportation Authority)

    Stadler Rail

    Work highlights

    • Advising Metrolinx and Infrastructure Ontario who are the procuring authorities for the proposed westward extension of the Eglinton Crosstown light rail project in Toronto.
    • Advising DBC on compensation and mitigation strategies.
    • Advising Compagnie des Bauxites de Guinee on the construction and financing of their multi-user expansion project.

    Corporate and commercial > Corporate tax Tier 3

    Norton Rose Fulbright‘s ‘very knowledgeable team’ provides advice the spectrum of corporate and finance transactions. Dominic Stuttaford is head of tax for Europe, Middle East and Asia and Brazil, and has a non-contentious practice focused on transactions and corporate-reorganisations. Matthew Hodkin  covers tax structuring matters both in the UK and internationally, and has a focus on the transport and renewable energy sectors. Michael Alliston advises on M&A transactions as well as financings and asset sales. Julia Lloyd was promoted to partner in January 2021, and focuses on the tax elements of real estate financing and transactions.

    Practice head(s):

    Dominic Stuttaford

    Other key lawyers:

    Matthew Hodkin; Matthew Findley; Chris Bates; Michael Alliston; Julia Lloyd; Kyle Rainsford

    Testimonials

    ‘Very knowledgeable team. They really understand the underlying drivers in the transaction and tailor their advice accordingly.’

    ‘Dominic Stuttaford – immensely knowledgeable and user-friendly. A true adviser on tax matters.’

    ‘Michael Alliston – dogged in getting to the bottom of the point. Friendly and relaxed to work with.’

    ‘Very technically strong and interested in tax matters.’

     

    Key clients

    EasyJet

    Lloyds Banking Group

    Barclays Bank Plc

    Orange SA

    Royal Bank of Scotland PLC

    Goldman Sachs

    HSBC

    Roofoods Ltd (Deliveroo).

    AXA XL

    BentallGreenOak

    Louis Dreyfus

    Total

    Morgan Stanley

    EasyJet

    Deutsche Finance International

    London Gateway Port Limited

    Commerz Real Investmentgesellschaft mb

    Stena AB

    Credit Agricole

    Societe Generale

    Yoo Capital

    Bibby Financial Services

    Bombardier

    Brookfield Renewable Energy Partners

    Centrica

    Gatehouse Bank

    Santander

    Vodafone/Vodacom Group

    the West End of London Property Unit Trust

    Oxford Industries Inc.

    Kaefer Group

    Carnival Corporation & plc

    CitiGroup

    Toronto-Dominion Bank

    Trian Fund Management, L.P.

    Terra Firma

    AIG

    Liberty Insurance

    Euclid Transactional

    Chubb

    PGGM Vermogensbeheer B.V.

    Greencoat UK Wind

    BMO Financial Group (Operating name for Bank of Montreal)

    Modern Times Group

    Sonangol

    JP Morgan

    Charles Stanley

    Ritchie Bros

    Africa Greenco

    Aquiline

    Atrato

    Taylor Maritime

    Jisheng Gao

    Patrizia AG

    Infopro Digital Holding (UK)

    Work highlights

    • Acted for Modern Times Group on three major acquisitions in the gaming industry and its sale of ESL Gaming, a global e-sports business.
    • Advised Greencoat UK Wind PLC on a number of corporate acquisitions over the course of 2021 as part of its renewables acquisition programme.
    • Advised Taylor Maritime Investments Limited on the tax aspects of its initial public offering on the Premium Segment of the Main Market of the London Stock Exchange – the first shipping IPO for several years.

    Corporate and commercial > EU and competition Tier 3

    Norton Rose Fulbright's competition team has an ‘international span‘ and displays broad strength and expertise, with particular focus on financial institutions, consumer brands, transport and energy. Mark Simpson, who has more than 20 years experience, leads the London team ,while Ian Giles heads up the practice across the EMEA region.  The practice is expanding in the areas of competition litigation and contentious regulatory work. Growth in the area of litigation was reflected in the promotion of Helen Fairhead to partner in January 2022, while the firm has recently added Bloomberg and Ritchie Bros. as clients.

    Practice head(s):

    Ian Giles; Mark Simpson

    Other key lawyers:

    Mark Tricker; Caroline Thomas; Susanna Rogers; Helen Fairhead

    Testimonials

    ‘The team is very good and efficient at mergers work, with a good international span and an excellent office in London.’

    ‘We appreciate the specialist technical knowledge, yet down to earth, commercial approach of the team. This is true of the partners and the associates. ‘Can do’ approach and an appreciation of our culture and what is important to us as a business makes the NRF antitrust and competition team stand out. They also provide clear transparency on billing throughout the instruction process.’

    ‘Mark Simpson possesses expert knowledge, and is clear and concise with our internal senior stakeholders. Mark leads his team from the front and is quick to balance technical detail with the bigger picture.’

    ‘Caroline Thomas possesses excellent technical knowledge, is quick to understand very technical products, and provides accessible, practical advice.’

    ‘Mark Tricker is super bright and applies knowledge in a practical way to help manage legal risk.’

    ‘The service is impeccable. Fast and pragmatic response that is fit for purpose.’

    Key clients

    Arla

    Barclays Bank plc

    Bloomberg

    BMW

    bp plc

    Bristol Water plc

    BUPA

    CAE

    Carlsberg

    Coca-Cola Europacific Partners

    Delta Air Lines

    EirGrid

    Exxon Mobil

    Hertz

    HSBC

    Jet2

    National Grid

    Orange

    PayPal

    PayPoint plc

    Qatar Petroleum

    Ritchie Bros.

    Shell

    SONI Limited

    Stena Line

    Thales

    Work highlights

    • Representing Orange SA in its defence of claims brought in the High Court against  mobile network operators by the Administrators of Phones4U.
    • Advising Ritchie Bros. on its $1bn acquisition of Euro Auctions. This has recently been referred for an in-depth Phase II investigation by the CMA following a lengthy Phase I process, culminating in the CMA rejecting the Parties’ offer of undertakings in lieu.
    • Advised National Grid Electricity Transmission plc and National Grid Gas plc on appeals to the Competition and Markets Authority against Ofgem’s RIIO-2 price control determination, including successfully arguing for removal of the outperformance wedge.

    Crime, fraud and licensing > Fraud: white-collar crime (advice to individuals) Tier 3

    Norton Rose Fulbright leverages its international network to act on a range of complex domestic and global regulatory investigations and enforcement proceedings, representing individuals involved in major SFO investigations and cross-border enforcement actions. The firm combines its multijurisdictional reach with notable criminal defence capabilities - a number of senior team members able to represent clients throughout the criminal process, from initial notifications and interviews under caution through to trial. Areas of strength for the firm include fraud, market abuse, and corruption allegations, with involvement in standout LIBOR and EURIBOR investigations. The practice is led by specialist regulatory and corporate crime practitioner Neil O’May, who has notable expertise in DPAs and a successful record in domestic and international defence proceedings on behalf of high-profile individuals, alongside Pamela Reddy, who is regularly involved in high-profile financial crime and regulatory cases. Katie Stephen also offers in-house FCA expertise to clients facing market abuse and money laundering allegations.

    Practice head(s):

    Patrick Bourke; Neil O’May

    Other key lawyers:

    Testimonials

    ‘Their use of remote working technology was excellent even ten years ago and long before Covid struck.’

    ‘They have an exceptional inter-disciplinary expertise across the firm, that Neil O’May orchestrates with devastating effectiveness for individual cases, as his track record amply proves.’

    ‘Neill O’May – has left a pile of defeated protections in his wake.’

    ‘Neil O’May and Pamela Reddy head the team. Both are skilled in their different ways.’

    ‘I have worked with Neil O’May on a large SFO investigation where we both represent individuals who are central to the core fact pattern and so I have had reason to engage with Neil regularly over the last year on status and strategy. Neil is forceful and strategic.’

    ‘A robust and well resourced team of lawyers.’

    ‘Neil O’May is a reassuring and strategic leader of the team.’

    ‘Pamela Reddy – first rate client care – excellent judgement – can really inspire and lead a team.’

    Key clients

    Senior executive at Petrofac

    Work highlights

    • Representing a former senior executive of Petrofac in relation to the SFO’s criminal investigation.

    Dispute resolution > Banking litigation: investment and retail Tier 3

    Norton Rose Fulbright frequently acts for prominent banks including HSBC, Citibank and BNP Paribas in litigation ranging from the enforcement of loans to allegations of anti-competitive behaviour. The team is instructed to represent banks as both claimants and defendants, including defending them against group claims, and regularly handles cases involving significant reputational risk. The group’s work on competition-related claims encompasses follow-on litigation and the banking litigation group works closely with the firm’s competition law team to act on these matters. Harriet Jones-Fenleigh has experience of handling very high-profile disputes, including litigation involving sovereign states, while Radford Goodman has a broad practice across insolvencies, defaults and fraud claims. Consultant Matthew Waudby has a particular focus on derivatives-related disputes. James Lockwood was made up to partner in January 2022, while Michael Godden departed the firm in March 2022.

    Other key lawyers:

    Harriet Jones-Fenleigh; Radford Goodman; Matthew Waudby; David Harris; James Lockwood; Aditya Badami; Annie Birch; Emily Smith

    Testimonials

    ‘The team has a broad range of experience in major financial disputes both in litigation and international arbitration (including structured finance, banking disputes and civil fraud), coupled with particular focus in financial technology.’

    ‘Aditya Badami is exceptional in every way. He always acquires a total mastery of the facts and relevant law of a dispute, impressing clients and colleagues alike. His lateral thinking and shrewd strategic judgement make him a real force in a major piece of litigation.’

    ‘Hands-on, specialist knowledge of all aspects of banking litigation from large scale securitisation disputes to claims by individual account holders. They are also very proactive in involving the client at key decision points.’

    ‘I would point particularly to Radford Goodman. He is perceptive, skillful at recognising the needs of the client, but also realistic and clear in his advice.’

    ‘Great team with a breadth of knowledge and experience.’

    ‘James Lockwood is a young partner who is really going places. Aditya Badami: very studious and hard-working, he can produce quality drafting in remarkably quick time. Emily Smith has a very keen eye to detail – a great person to have on your team.

    ‘Outstanding knowledge of the sector and a hard-working, down to earth attitude.’

    ‘Radford Goodman is calm and responsive with common sense approach. He is knowledgeable and helpful. Annie Birch is straightforward and to the point. She gives a clear point of view. Aditya Badami is enthusiastic and has a clear view as to the best course of action.’

    Key clients

    The Law Debenture Trust Corporation p.l.c

    HSBC

    Republic of Angola

    Citibank, N.A. and Citigroup Global Markets Limited

    Citicorp Trustee Company Ltd

    Société Générale

    Goldman Sachs

    Barclays

    BNP Paribas

    Emirates NBD Bank

    Work highlights

    • Acting for HSBC defending two related complex billion pound and hundred million pound group action fraud and civil conspiracy claims. This is a very high value dispute involving complex legal issues and a high degree of financial, regulatory and reputational risk.
    • Acting for HSBC in defending very high profile claims issued in the High Court on behalf of more than one hundred and seventy claimants in consolidated proceedings alleging the bank defendants’ conduct over a ten year period caused (at the time of going to press) unspecified damages through benchmark and pricing-related manipulation
    • Acting for Citicorp Trustee Company Ltd (CTCL) in respect of a Sukuk (Islamic bond) default. CTCL continues to pursue enforcement options to recover the US$650m owed to holders, including bringing proceedings in Saudi Arabia and England.

    Dispute resolution > Commercial litigation: premium Tier 3

    Norton Rose Fulbright stands out for its ‘sheer breadth and depth of experience‘; with the team well placed to handle matters ranging from complex contractual claims and M&A disputes to civil fraud. The team’s leadership comprises ‘litigation superpowerRuth Cowley, who heads up the commercial disputes and investigations offering, and ‘hugely talentedPatrick Bourke, who oversees the EMEA-wide dispute resolution group. Among the other capable practitioners within the department, Antony Corsi and Andrew Judkins are particularly recommended – with one client describing them  as 'a formidable team’.

    Practice head(s):

    Patrick Bourke; Ruth Cowley

    Other key lawyers:

    Antony Corsi; Ffion Flockhart; Charlie Weston-Simons; Andrew Judkins; James Lockwood, Helen Fairhead

    Testimonials

    ‘The team has a busy practice, giving it in-depth knowledge of the issues confronting the industry. Approachable and intelligent.’

    ‘Charlie Weston-Simons is knowledgeable and very easy to deal with.’

    ‘The sheer breadth and depth of experience makes Norton Rose an exceptional litigation firm.’

    ‘Ruth Cowley is a litigation superpower. Superb practice with exceptional client skills. A deep thinker who always tries to achieve the best possible outcome for her clients.’

    ‘Patrick Bourke is a hugely talented litigator with immense wisdom and sagacity. A wealth of experience which he brings to the party for every client.’

    ‘An excellent choice for serious commercial and civil fraud litigation.’

    ‘If a close friend or family member had a serious problem, I would trust Antony Corsi to deal with it.’

    ‘Among the various individuals I have worked with at NRF, Antony Corsi and Andrew Judkins stand out. Antony is a thoroughly charming, clever and careful partner with good knowledge of his matters and excellent judgement. Andrew is a true work-horse with a prodigious work ethic and quality work product. They make a formidable team.’

    Key clients

    Orange SA

    Orange Liberia

    HSBC

    Shell

    ExxonMobil (subsidiary: Esso Exploration and Production UK Limited)

    Dispute resolution > Competition litigation Tier 3

    Norton Rose Fulbright fields an ‘exceptionally dedicated and hardworking‘ team which has contentious capabilities spanning the worlds of financial services, telecoms, energy, utilities, and aviation. The antitrust and competition department is jointly chaired by EMEA head Ian Giles, a noted aviation expert, and Mark Simpson, a specialist in consumer markets. Caroline Thomas is noted for her broad TMT acumen, while Susanna Rogers‘ regulatory focus is especially concentrated in the electricity sector, where she regularly submits appeals to the CMA. The ‘highly impressive’ Helen Fairhead, who was promoted to partner in January 2022, acts for both claimants and defendants in banking and telecoms matters. Senior associates Jason Logendra and Amanda Town are also recommended.

    Practice head(s):

    Ian Giles; Mark Simpson

    Testimonials

    ‘Broad experience, exceptionally dedicated and hardworking, cutting no corners to achieve the best result for the client. I have been particularly impressed by the extent of technical expertise within the team, and the ability to turn around high-quality work at very short notice.’

    ‘Susanna Rogers is a delight to work with. She has a very detailed understanding of substantive and procedural competition law and is quick to identify the points that matter in a case. An exceptional ability to guide clients through difficult multi-party litigation – seeking to achieve common ground between different parties, whilst pushing back where necessary.’

    ‘Jason Logendra is highly committed, efficient and experienced. He is incredibly assured and commands the trust of his clients.’

    ‘Great agility in managing multi-defendant litigation, which can be as challenging as dealing with a claimant.’

    ‘Helen Fairhead is one of the most impressive partners in the competition space I have seen, despite having become a Partner recently. She is excellent at communicating clearly and concisely with clients, ensuring witnesses are properly prepared, making sure that the work required to prepare evidence and for trial is done properly and thoroughly, and in anticipating the dynamics of multi-defendant litigation. She has excellent strategic insight into litigation. Helen is also a ruthlessly efficient manager and a pleasure to deal with.’

    ‘Caroline Thomas provides excellent insight and strategic direction in litigation, and is a trusted and firm hand on the tiller. She is also adept at managing sometimes difficult clients, and has excellent judgment on key strategic decisions.’

    ‘Amanda Town is a very capable and impressive senior associate. She managed a complicated and at times difficult disclosure process with ease, and very efficiently. Hardworking and highly intelligent.’

    ‘Mark Simpson is an all rounder – tactically astute, good with clients, good on the law.’

    Key clients

    HSBC

    Vodafone

    BP

    Shell

    Delta Air Lines

    Reckitt Benckiser

    Carlsberg

    Stena

    BMW

    Bombardier

    Orange

    PayPal

    Easyjet

    Centrica

    EirGrid

    Thales

    Coca Cola

    Liverpool Victoria

    Standard Chartered Bank

    Electricity North West Limited

    IFPI

    Paypoint Plc

    Laing O’Rouke

    SONI Limited

    National Grid

    Stark Limited

    Bristol Water

    Energy Networks Association

    Work highlights

    • Advising HSBC on defending claims by 171 fund claimants before the Competition Appeal Tribunal claiming damages arising out of conduct investigated by various authorities (including the European Commission) concerning the alleged fixing of Forex rates and related spreads.
    • Representing Orange SA in its defence of claims brought in the High Court against the mobile network operators by the Administrators of Phones4U.
    • Advised National Grid Electricity Transmission plc and National Grid Gas plc on appeals to the Competition and Markets Authority against Ofgem’s RIIO-2 price control determination, including successfully arguing for removal of the outperformance wedge.

    Dispute resolution > International arbitration Tier 3

    Norton Rose Fulbright‘s core team acts for financial institutions, corporations, governments and state-owned entities from sectors such as financial institutions, energy, infrastructure, technology, life sciences and healthcare. Arbitration head Sherina Petit is highly focused on India-related matters; James Rogers acts in arbitrations seated in Europe, the US, Asia and the Middle East (in addition to London); Patrick Bourke is ‘a brilliant strategist‘; and Holly Stebbing focuses on disputes in the energy, infrastructure and natural resources sectors. Matthew Buckle was recently made partner; and at associate level senior Joseph Bentley and India Furse are experienced team members.

    Practice head(s):

    Sherina Petit

    Testimonials

    ‘Norton Rose Fulbright really belongs in the Magic Circle when it comes to international arbitration. It is a power house and the strength across the partner team and associates is second to none. The make-up of the partnership is very culturally diverse.’

    ‘Sherina Petit is a specialist in India-related English law arbitrations. She is known for working with some of the largest companies in India and is really the go-to in the London market for bet-the-bank, big-ticket arbitration. One of the biggest names in the area.

    Sherina Petit is a standout partner, who shows total commitment, focus and tactical awareness.’

    James Rogers is an incredibly clever lawyer.

    ‘James Rogers is just fantastic. His advice is thought through, yet simple and in a bite-size form. Brilliant operator!’

    ‘Patrick Bourke is one of the wisest and most thoughtful litigators in the London market, and a brilliant strategist for the most complex of arbitrations.’

    ‘Holly Stebbing has an innate understanding of arbitration tactics, especially how to present the evidence and prepare for a full hearing.’

    India Furse is one of the brightest associates around. She is simply brilliant. If ever there were anyone on partner track, it is her.

    Key clients

    Sacyr

    BP

    Shell

    OMV

    Sonangol PP

    InterGlobe Aviation

    Chevron

    Barrick

    Dispute resolution > Tax litigation and investigations Tier 3

    Norton Rose Fulbright has extensive experience in advising taxpayers in relation to tax authority investigations, negotiations with tax authorities, public law remedies and matters before the major UK courts and tribunals. The team also carries out work with an international element including challenges to international group structures and tax residence. Practice head Dominic Stuttaford is an experienced tax litigator while Chris Bates is regularly instructed on HMRC investigations. Michael Alliston advises taxpayers on tax governance and compliance matters.

    Practice head(s):

    Dominic Stuttaford

    Other key lawyers:

    Testimonials

    ‘A down to earth and super dedicated and talented team with great reputation, standing and industry knowledge.’

    ‘A stand out team that offers great client centered and commercial advice combined with the outstanding legal skills of a leading City law form.’

    ‘I have worked with Dominic Stuttaford, partner, on many occasions and admire his great experience, knowledge and manner.’

    ‘Dominic Stuttaford has a brain the size of a planet, and what he doesn’t know about tax law isn’t worth knowing. It’s impossible not to feel in awe when he explains a complex tax statute or authority with such ease and simplicity. He’s a stunningly impressive tax practitioner.’

    ‘Aditya is a stunningly impressive solicitor, he works terrifyingly hard and produces breathtakingly well-analysed documents. If I could have him on every one of my cases I’d be delighted. Top quality.’

    Key clients

    BMW

    HSBC

    Lloyds Banking Group

    Takeda

    Royal Bank of Canada

    DP World

    Work highlights

    • Acted for HSBC in a restitution claim in the Franked Investment Income Group Litigation Order.
    • Acted for Takeda in a restitution claim in the Stamp Taxes Group Litigation Order relating to Stamp Duty Reserve Tax.
    • Acted for Royal Bank of Canada in relation to a dispute with HMRC concerning the taxation of North Sea Oil royalties.

    Employment > Employee share schemes Tier 3

    Norton Rose Fulbright is particularly known for its expertise in advising financial sponsors and private equity-backed companies on the design and implementation of  incentives arrangements, with a focus on the fintech industry. Benefiting from the firm's international network, the group often handles the share plan aspects of major transactions, including corporate reorganisations, M&A and rights issuances. Leading the team is employee benefits and executive compensation specialist Matthew Findley , who is described by one client as 'one of the best professionals in relation to share schemes'.

    Practice head(s):

    Matthew Findley

    Testimonials

    ‘Grounded practical advice. Matt Findley is one of the best professionals in relation to share schemes. Always understands the corporate context and advises accordingly.’

    ‘Matt Findley is excellent. Commercial and clear advice.’

    ‘I was looking for pragmatic, constructive legal advice on the development and implementation of the long-term incentive programme for an AIM-listed company. The NRF team was extremely helpful, I do not think I could have been better served.’

    ‘Quick to respond with constructive advice.’

    Key clients

    Charles Stanley

    Revera

    Bank of Montreal

    Siteimprove

    CGI Group

    Cloudcall Group

    Science in Sport

    Staffline Group

    Anghami

    Taylor Maritime Investments

    Work highlights

    • Advised Charles Stanley Group on a £278.9m recommended cash offer by Raymond James Financial, a multinational independent investment bank and financial services company.
    • Assisted BMO Financial Group with the sale of its EMEA asset management business to Ameriprise Financial for £615m.
    • Advised Danish, private equity-backed company Siteimprove on the design, implementation and rollout of a global restricted stock unit plan.

    Employment > Health and safety Tier 3

    Norton Rose Fulbright‘s London health and safety team forms part of the firm’s global network of health and safety specialists, giving the firm a broad and specialised offering. The firm provides advice in all areas of health and safety, including regulatory investigations, criminal and civil law, judicial review and public health advice. Team leader Caroline May has extensive experience in both contentious and non-contentious health and safety, especially for clients in the energy, transport and construction sectors, representing large corporate clients within these sectors.

    Practice head(s):

    Caroline May

    Other key lawyers:

    Neil O’May; Holly Stebbing; Lucy Bruce Jones; Neil Q Miller

    Testimonials

    ‘Caroline May – alert and thinks outside of the box’

    ‘Caroline May – outstanding history in regulatory law. has several major clients and is one of a few lawyers with the awareness and experience to manage the hardest cases and produce outstanding results’

    Key clients

    BP plc

    CF Industries Holdings Inc

    DP World, London Gateway

    Gildan Activewear Inc

    GlaxoSmithKline LLC

    IMI Plc

    Kerry Group plc

    Sandvik Mining & Construction Tools AB

    Yara International ASA

    Work highlights

    • Advising on corporate manslaughter/health and safety investigation arising from a double fatality at food processing plant.
    • Providing advice in multi-party international group litigation regarding potential health impacts of pollution and contamination exposure in Amazon rainforest.
    • Continuing to advise on the long running investigation and potential prosecution of a major sports team arising from a fatal accident at its corporate premises.

    Finance > Bank lending: investment grade debt and syndicated loans Tier 3

    Benefitting from well-established banking relationships, as well as a growing corporate client base, Norton Rose Fulbright has an excellent perspective of the commercial and legal needs of both lenders and borrowers, particularly in the context of multi-jurisdictional syndicated lending transactions. In this context, the team is particularly well-suited to advising on emerging markets matters (in Africa and Latin America – where it has resources in several key offices) often involving both commercial and export credit-backed debt. Much of this work takes place within the energy sector, an area that Neha Khosla has developed a particular strength, including on behalf of lenders providing financing to oil and gas companies and on reserves based lending facilities in the upstream space. Team head Michael Black is also very adept at advising lenders on cross-border corporate lending, particularly where ABL facilities are also utilised.

    Practice head(s):

    Michael Black

    Other key lawyers:

    Madhavi Gosavi; Neha Khosla; Michael Ings; James Dunnett; Davide Barzilai; Alex Zekkos; Grace Carpenter; Shivani Patel

    Testimonials

    ‘Michael Black has such in-depth knowledge of ABL and cross-border lending that exceeds his peers.’

    James Dunnett is very approachable and friendly – I always liaise with him when I have queries and want to renew facilities.’

    Key clients

    M&G Investment Management

    Gemcorp Capital LLP

    The Royal Bank of Scotland plc/Natwest Banking Group

    HSBC Bank plc

    ABN AMRO Bank N.V.

    Macquarie Capital

    Raffeissen Bank International AG

    ING Bank NV

    MUFG

    JP Morgan Chase Bank N.A.

    ABSA

    Bank of China

    Mashreq Bank

    Nedbank

    Rand Merchant Bank/FirstRand Bank

    Standard Chartered Bank

    Standard Bank of South Africa

    Sumitomo Mitsui Banking Corporation/SMBC Bank International plc

    Barclays Bank plc

    Bayerische Landesbank

    Citigroup

    Afriquia Gaz S.A.

    European Investment Bank

    National Westminster Bank Plc

    Shell Trading International Limited/ Shell Western Supply and Trading Limited/ STASCO

    Bank of Ireland

    Mizuho

    Ares Commercial Finance

    UKEF

    Bow Street LLC

    Double Helix Pte Ltd

    DNB Bank ASA/DNB Group Agencia en Chile

    Canaccord

    Rothschild

    Investec

    Goldman Sachs

    Jefferies

    UBS

    Canterbury Christ Church University

    Dominos Pizza Group Plc

    ED&F Man

    Global Fashion Group

    IMI Group

    JTC Plc

    Kupishoes OOO

    Lendlease Europe Finance

    Petrofac

    Reach Plc

    Shalina Resources Limited

    Volution Group Plc

    Utilico Emerging Markets Trust plc / UIL Limited

    Work highlights

    • Advised the senior lenders on the first-ever reserves based development finance facility in Mexico for an offshore O&G project.
    • Advised a syndicate of lenders on a $400m syndicated financing for Africa Finance Corporation.
    • Advised Reach Plc pursuant to which the size of Reach Plc’s existing revolving credit facility was increased from £65m to £120m with an accordion facility of a further £72.5m..

    Insurance > Insurance and reinsurance litigation Tier 3

    Norton Rose Fulbright has strong relationships with London based insurers and owing to its global presence, is a popular choice for overseas clients for high-value multi-party claims involving multiple jurisdictions. The practice demonstrates expertise in financial lines, property, general liability, professional indemnity D&O insurance and aviation. Moreover, it continues to expand its offering in large-scale data breaches, climate change/ESG and trade credit. Practice head Michelle George and senior consultant Adrian Mecz are the figures to note.

    Practice head(s):

    Michelle George

    Other key lawyers:

    Adrian Mecz

    Key clients

    AIG

    Bevan Brittan LLP and its insurers

    Ince & Co and its insurers

    Ward Hadaway LLP, and its insurers

    Charles Russell Speechlys and Speechly Bircham (together CRS) and their insurers

    ERGO Versicherung AG (ERGO)

    Osborne Clarke LLP and its insurers

    AmTrust

    AXA XL

    Premia Re

    Brit

    Canopius

    Enstar

    Liberty Specialty Markets

    Marsh

    MS Amlin

    Munich Re

    Pembroke/Hamilton

    QBE

    Resolute

    Talbot/AIG

    Vitality

    WR Berkley

    Zurich

    AIG

    Bevan Brittan LLP and its insurers

    Ince & Co and its insurers

    Ward Hadaway LLP, and its insurers

    Charles Russell Speechlys and Speechly Bircham (together CRS) and their insurers

    ERGO Versicherung AG (ERGO)

    Osborne Clarke LLP and its insurers

    AmTrust

    AXA XL

    Premia Re

    Brit

    Canopius

    Enstar

    Liberty Specialty Markets

    Marsh

    MS Amlin

    Munich Re

    Pembroke/Hamilton

    QBE

    Resolute

    Talbot/AIG

    Vitality

    WR Berkley

    Zurich

    Work highlights

    • Advising AIG on the AIG CyberEdge cyber insurance product that gives insureds pan-European, UAE, South African and Indian data breach coverage for data breach response.
    • Advised Osborne Clarke LLP defending a High Court litigation in respect of allegations of professional negligence in connection with a 2,000 unit development brought by two of the country’s leading house builders.
    • Advising Ward Hadaway LLP in respect of a High Court dispute concerning allegations of professional negligence with quantum in the region of US$45m.

    Real estate > Commercial property: investment Tier 3

    The ‘exceptionally talented team’ at Norton Rose Fulbright has demonstrable experience in energy, infrastructure and other long-term development projects, as well as social housing investment mandates and leverages its international network to advise on complex cross-border real estate matters. UK practice leader and leading Islamic finance specialist Wasim Khan has experience in acting for developers and banks in relation to waste to energy schemes, in addition to renewable energy and power projects, while global head of real estate Dan Wagerfield handles mixed-use developments and outbound capital from Asia. Louisa Roe, who was promoted to partner in January 2022, is praised as a ‘tour de force’ when acting for both landlords and tenants in leasing transactions, while Charlie Pinkerton advises on office and headquarter relocations. David Hawkins focuses on mixed-use developments and David Sinclair handles a range of projects in the office, hotel and infrastructure sectors.

    Practice head(s):

    Wasim Khan

    Key clients

    Credit Suisse

    LRC-RE1

    Picton Property Income Limited

    L1 UK Property Investment Pty Ltd

    Ocubis Limited

    Soho House Limited

    Caleus Capital Investors

    Greenergy International Ltd

    Ritchie Bros. Auctioneers (Canada) Ltd

    NatWest

    Greencoat UK Wind

    AIG

    MUFG Bank

    Patrizia AG

    Bank of London and the Middle East Plc

    Dagenham Dock

    GLL Real Estate Partners

    United Overseas Bank Limited

    ICBC (London) plc

    RWE AG

    Resolution Property IM LLP (UK)

    Europa Capital (UK)

    Civitas plc (UK)

    Commerz Real (Germany)

    Prudential plc (UK)

    Olympia London

    57 Whitehall S.à.r.l. (Old War Office) (India and Spain)

    Bank ABC (Middle East)

    Schroder Real Estate Investment Management (UK)

    Tristan Capital Partners (UK)

    HSBC Alternative Investments (UK)

    Bank of Montréal (Canada)

    Employees Provident Fund (Malaysia)

    Argo Group (USA)

    WELPUT (Jersey)

    Ashby Capital (UK)

    State General Reserve Fund (Oman)

    SOFAZ (Azerbaijan)

    Hobart Partners (UK)

    Sidra Capital (Dubai)

    Ivanhoé Cambridge (Canada)

    Funding Affordable Homes Plc (UK)

    Standard Chartered Bank

    Work highlights

    • Advised a private Asian investor on the sale of 8 St. James’s Square, a recently developed office building in London, SW1.
    • Advised Civitas Social Housing on the continued acquisition and financing of its portfolio of registered care and specialist supported housing.
    • Advised West End of London Property Unit Trust on the co-investment and financing of the UK’s largest all-electric net-zero carbon office scheme at 105 Victoria Street in Central London.

    Real estate > Construction: contentious Tier 3

    Norton Rose Fulbright‘s team of contentious experts advise a range of clients in the construction and engineering industry, including developers, employers, contractors, and other stakeholders. It is active in a range of sectors, including infrastructure, commercial and industrial real estate, energy, transport and logistics. It also has strength in the PFI/PPP arena. Donald Warnock and Simon Ramsden lead the team. Warnock has extensive experience advising on major construction and engineering projects, whilst Ramsden specialises in investment treaty and international arbitration alongside other forms of dispute resolution. James Rogers is also noted for his international arbitration experience.

    Practice head(s):

    Simon Ramsden; Donald Warnock

    Other key lawyers:

    Testimonials

    ‘Norton Rose Fulbright has been a go-to firm for more complex cladding claims. They are everything you would expect of a top law firm, but still retain a personal touch.’

    ‘They are responsive to clients’ needs and have tailored their financial reporting to meet the client’s requirements.’

    ‘Simon Ramsden is impressive. He remains accessible and open to unscheduled calls and he, and the wider team, manage to combine good, sensible, pro-active advice, with a pragmatic approach.’

    Key clients

    ACWA Power

    Assured Guaranty

    Balfour Beatty

    Bechtel

    Bouygues UK

    Chevron

    Compagnie des Bauxites de Guinee

    DP World

    Ecobank Ghana Limited

    Eco World

    European Investment Bank (EIB)

    Eurasian Resources Group

    Full Circle Generation Limited

    GuarantCo

    Hochtief

    Hyde Housing Association Limited

    INA-INDUSTRIJA NAFTE, d.d.

    Iridium

    International Finance Corporation

    JG Pears Power Limited

    Martlet Homes

    Marubeni Corporation

    Moroccan Agency for Solar Energy

    National Grid

    Ofwat

    Orsted

    Sumitomo Mitsui Banking Corporation

    TAV HAVALIMANLARI Holdings A.S.

    Thales

    TOTAL

    Bank of Tokyo-Mitsubishi

    Urbaser

    Real estate > Property finance Tier 3

    Norton Rose Fulbright has a global footprint with 58 international offices, and the London team is therefore well placed to undertake cross-border mandates for major banks and sponsors. It handles senior debt financings, mezzanine structures, development financing, and large-scale mixed-use regeneration projects. Dan Kennedy and Sarah Cullen jointly lead the ‘strong real estate finance practice’; Kennedy is strong in the aforementioned development and regeneration financing projects, and Cullen has a broad practice, advising on office, residential, retail, logistics, and student accommodation asset classes. Jennie Dorsaint has expertise in acting for lenders, arrangers, investors, administrators and debt funds.

    Practice head(s):

    Other key lawyers:

    Jennie Dorsaint; Colin Kwok

    Testimonials

    ‘Reliable and supportive team.’

    ‘Norton Rose has a strong real estate finance practice with user-friendly partners and associates supported by a solid construction practice.’

    ‘The team are great to work with.’

    ‘Exceptional in terms of both quality of advice and transaction management.’

    ‘Sarah Cullen is a go-to person and a joy to work with. She helps clients navigate very complicated and difficult transactions and keeps a tremendous sense of humour while doing it!’

    ‘Colin Kwok performs at an extremely high level. It is good to see that the future is very bright in the Norton Rose Fulbright property finance team.’

    ‘Dan Kennedy is user friendly, very involved on the transactions and will put in the hours to ensure the deal is delivered within timeframe.’

    Key clients

    Battersea Power Station

    West End of London Property Unit Trust

    105VS Unit Trust

    DekaBank Deutsche Girozentrale

    Invesco Real Estate

    Nedbank

    United Overseas Bank

    Qatar National Bank

    National Westminster Bank plc

    Standard Chartered Bank

    AIG Asset Management

    Work highlights

    • Advised Battersea Power Station on the amendment, restatement and increase of its existing £600m phase 3 development finance facilities by a further £305m to finance the next stage of its development of residential, commercial and retail units located on the 42 acre Battersea Power Station site.
    • Advised on a co-investment led by Welput in connection with a £400m financing provided in part by Allianz Real Estate for the redevelopment of 105 Victoria Street (the former Victoria branch of House of Fraser) into an office, retail and leisure development owned by 105VSUT.
    • Advised a residential fund managed by Invesco Real Estate in relation to a £71m secured term loan facility provided by Wells Fargo.

    Corporate and commercial > M&A: upper mid-market and premium deals, £500m+ Tier 4

    Steered by EMEA head Raj Karia, Norton Rose Fulbright‘s ‘outstanding’ team is well regarded for the depth of its international network and capabilities in big-ticket transactions – most notably in the energy space. Global banking head Alan Bainbridge works with a number of financial institutions on strategic deals, with noteworthy recent engagements related to the aviation and infrastructure sectors. Paul Whitelock – who co-chairs the public M&A group – and the ‘brilliant’ Kit McCarthy are recommended for their expertise in LSE Main Market and AIM takeovers, while the ‘fantastic’ Jon Perry’s capabilities are concentrated in food, commodities, and mining. A host of issuers and investment banks regularly turn to Fiona Millington for assistance in cross-border sponsor transactions, whereas Bayo Odubeko is a key port of call for high-value emerging market deals across the worlds of oil and gas, financial services, and telecoms.

    Practice head(s):

    Raj Karia

    Other key lawyers:

    Alan Bainbridge; Paul Whitelock; Jon Perry; Fiona Millington; Bayo Odubeko; Zahra Sachedina; Kit McCarthy

    Testimonials

    ‘An outstanding team and a unique cross border structure which allows the M&A practice to deliver strategic advice and market knowledge, all with a business-driven approach. Its foreign desks connect with the UK office and easily navigate through the cultural and market differences, always focused on the client’s best result. A top-notch firm, very available, and updated about market trends and practices.’

    ‘Jon Perry is a fantastic M&A partner and was a key part of our recent successful transaction. Very available, technical and precise with his advice.’

    ‘The team, led by Fiona Millington, was overwhelmingly female. We did not choose the firm on that basis, but it was remarked upon as refreshing by colleagues as the deal progressed.’

    ‘Laura Vasey demonstrated a very impressive ability to stay on top of a variety of complex and sometimes rather niche issues that emanated from numerous sources in rapid succession.’

    ‘Supported us in a successful defence against a hostile bid and subsequent disruptive resolutions at a general meeting. Knew the new takeover rules backwards, with a partner having worked at panel previously.’

    ‘Kit McCarthy was a brilliant partner in defending a takeover – clear on rules, pragmatic in advice and drafting ended up being both compliant and clear.’

    Key clients

    AIG

    Bank of Montreal

    Barrick Gold

    BHP Billiton

    BMW

    BP plc

    Brookfield

    CME Group

    Delta Air Lines

    HSBC

    Lloyds Banking Group

    Centamin

    Orange SA

    Rio Tinto

    Santander

    SNC-Lavalin Group

    Teliasonera AB

    Terra Firma Capital Partners

    Vodafone

    3M

    Bombardier

    DVB Bank

    Modern Times Group (MTG)

    Enerflex Ltd

    Mr. Jisheng Gao

    BMO Financial Group

    Equatorial Energia SA

    Coca-Cola HBC

    Kerry Group plc

    Citi

    Shell

    Sandvik AB

    Goldman Sachs & J.P. Morgan

    B of A Securities

    RBC Capital Markets

    Investec

    Charles Stanley Group plc

    Restore plc

    Good Energy

    Work highlights

    • Advising Goldman Sachs and J.P. Morgan as financial advisers to CDR on its competing recommended cash offer of £7bn for WM Morrison Supermarkets plc.
    • Advising Modern Times Group on the sale of ESL Gaming to the Savvy Gaming Group for $1.05bn.
    • Advising Equatorial Energia SA on the acquisition of Echoenergia Participações SA for $1.2bn.

    Corporate and commercial > Private equity: transactions - mid-market deals (up to £250m) Tier 4

    Norton Rose Fulbright has a broad private equity practice in London, which is regularly leverages the wider firm’s expertise in the insurance sector to handle transactions and fundraisings involving companies in this market. Nicholas Berry has a particular focus on the insurance sector, while practice co-head Sophie O’Connor also handles insurance-related deals alongside acting for funds and management teams on a range of PE matters. Fellow co-head Bayo Odubeko is noted for his focus on emerging markets. David Marshall left in early 2022 forBaker Botts (UK) LLP.

    Practice head(s):

    Bayo Odubeko; Sophie O’Connor

    Other key lawyers:

    Testimonials

    ‘I have found Sophie O’Connor to be outstanding to work with – responsive, considerate, pragmatic and practical, she provided a great understanding of the management equity arrangements and group cap structure of the deal. I always feel when dealing with Sophie that my company and long term success are important to her.’

    Key clients

    Aquiline Capital Partners LLC

    Carlyle

    AfricInvest Capital Partners

    ValueAct Capital

    Denham Capital Management LP

    Scottish Equity Partners

    XPV Water Partners

    Mobeus

    Abris Capital

    Champ Ventures

    Shell Ventures

    Development Partners International

    Modern Times Group MTG AB

    Bain Capital

    Starling Bank

    Quinbrook Infrastructure Partners

    Tiger Infrastructure Partners

    Europa Capital Partners

    Société de Promotion et de Participation pour la Coopération Economique (Proparco)

    Brookfield Private Equity

    Management of Fotona

    Zego

    Appian Capital Advisory

    Commify (backed by Hg Capital)

    African Development Partners I

    African Development Partners II and Uni Confort Maroc Dolidol

    Société de Promotion et de Participation pour la Coopération Economique (Proparco)

    777 Partners

    Work highlights

    • Advising longstanding firm client Aquiline and Lloyd’s of London insurer ERS (now IQUW) on a US$350m fundraising to enable the insurer to expand its strategy and underwrite specialty (re)insurance business.
    • Advising longstanding client Starling Bank on its latest £322 million Series D funding round.
    • Advising Tiger Infrastructure Partners on the investment of €50 million in Qwello GmbH, an electric vehicle charge point developer and operator.

    Employment > Employers Tier 4

    Multi-national businesses, especially those operating in the tech, life science, transport and energy sectors, utilise Norton Rose Fulbright's London office as a platform and footprint for a wide range of global employment and HR legal issues. Head of EMEA employment department, Paul Griffin has a well-earned reputation for international employment issues. Catrina Smith also handles matters with an international element and is recommended for TUPE, remuneration issues, whistle-blowing and discrimination claims.  

    Practice head(s):

    Paul Griffin

    Other key lawyers:

    Testimonials

    ‘Norton’s professionals are impressively knowledgeable of legal environment in their country and can generally offer practical counselling.’

    ‘This firm and the partners are very client-oriented and provide outstanding service.’

    ‘They reply to requests in a timely manner and make themselves available where required.’

    ‘They make sure that the service we get is great at all times and we feel comfortable in raising issues in the service.’

    Key clients

    BMW

    GFG Alliance

    Starr International

    Lyondel Basell

    Emerald Kalama

    Royal Bank of Canada

    Bombardier

    IMI plc

    Battersea Power Station

    Boston Consulting Group

    Societe Generale

    ABC Bank

    Nedbank

    Credit Agricole

    Standard Chartered

    Wyelands Capital

    Bechtel Corporation

    Work highlights

    • Working with a media/tech client in reporting on changes to COVID-19 laws in 45 countries, involving co-ordinated effort by the global firm’s employment lawyers out of London.
    • Advising in a potential class action lodged against FTSE listed entity, in relation to employment status re-classification.
    • Acting in a claim against a multi-national company for discrimination.

    Employment > Pensions: dispute resolution Tier 4

    Norton Rose Fulbright fields a multi-disciplinary pensions disputes and investigations group, bringing together pensions lawyers with colleagues from the litigation, financial restructuring, insolvency and consulting departments. The team focuses on representing trustee and employer clients, in cases regarding the running of a scheme, documentation, and internal and ombudsman complaints. Patrick Bourke takes the lead, also coordinating the wider EMEA practice. Lesley Browning has recent experience in negotiations with trade unions and investigations initiated by the pensions regulator, while Katie Stephen is the name to note for financial services contentious regulatory matters, often acting in pensions-related matters.

    Practice head(s):

    Patrick Bourke

    Other key lawyers:

    Shane O’Reilly; Katie Stephen; Michelle George; Charlie Weston-Simons; Lesley Browning

    Testimonials

    ‘Strength in depth. Experience and stability.’

    ‘Ability to understand issues quickly and to provide pragmatic advice. Always available to discuss issues as they arise.’

    Key clients

    Renishaw plc

    Work highlights

    • Advised Renishaw plc on a complex benefits rectification exercise, involving sex equalisation and potential over- and under-payments.

    Real estate > Planning Tier 4

    The ‘highly experienced’ Sarah Fitzpatrick leads the planning team at Norton Rose Fulbright with ‘clarity and a good strategic mind’. The firm is known for advising a host of clients including energy companies, institutional investors and small and medium-sized developers on mixed-use schemes. ‘Stand-out planning solicitor’, senior associate Carina Wentzel, has expertise in advising on contentious matters, another of the firm’s strengths.

    Practice head(s):

    Sarah Fitzpatrick

    Other key lawyers:

    Carina Wentzel; Peter Cole

    Testimonials

    ‘NRF’s planning team acts in some of the biggest planning cases. Its wider strengths in energy and litigation make it a powerhouse for planning cases in the field of energy and natural resources, including renewables.’

    ‘It is also unpretentious, doing top tier work without any sense of self-importance.’

    ‘Sarah Fitzpatrick is highly experienced and guides the department with clarity and a good strategic mind.’

    ‘Carina Wentzel is one of the standout planning solicitors in London, and is surely a Partner in the making. She’s extremely bright, enormously personable, and has a staggering capacity for hard work. She is able to unpick the detail of even the knottiest problem, but also to manage a case and clients in a sensible and pragmatic way. A genuine star.’

    Key clients

    Berliet Limited

    Ocubis Ltd

    DB Cargo (UK) Limited / DB Cargo International Ltd

    The Setha Group

    Hotchkiss Limited

    Dome Assets Ltd

    Atlas Property Letting & Services Ltd

    PPR Estates Limited

    Tunbridge Wells Borough Council

    St George (Berkeley Group)

    Linea Homes

    A Premiership Football Club

    57 Whitehall s.a.r.l. (developer of the Old War Office)

    HSBC

    ICBC

    Residential Land

    Arcabas Ltd

    Work highlights

    • Advising Berliet Limited on the redevelopment of four linked sites to provide a residential led mixed-use scheme with 725 residential units.
    • Advising DB Cargo (UK) Limited on a high-value compulsory purchase compensation claim in connection with HS2 (Phase 1).
    • Advising the Setha Group on a complex town centre redevelopment in Canterbury, with significant heritage, ecclesiastical, and nutrient neutrality aspects.

    Real estate > Property litigation Tier 4

    The team at Norton Rose Fulbright advises a vast array of clients including investors, developers, landlords, financial institutions, joint venture partners and corporate occupiers. In addition to contentious property advice and representation, the team is also well equipped to handle alternative dispute resolution, including mediation. David Stevens is well regarded for his expertise in tenant insolvency, service charges, overage disputes and forfeiture. He heads the practice.

    Practice head(s):

    David Stevens

    Testimonials

    ‘An international firm with the substantial resources needed for heavyweight litigation.’

    ‘David Stevens is a great pleasure to work with, with great experience of a wide variety of litigation.’

    ‘NRF provides practical legal advice that focuses on clients’ strategic and commercial objectives. The have acted in some very high profile property litigation for blue chip companies.’

    ‘David Stevens is a very experienced lawyer who thinks carefully about the strategic implications of every step in the litigation. He is always 2 or 3 steps ahead.’

    Key clients

    57 Whitehall S.A.R.L.

    Banco Nacional de Angola

    BMO Asset Management

    BMW (UK) Limited

    BNP Paribas Real Estate

    Canada Pension Plan Investment

    Centrica PLC

    Civitas Social Housing plc

    Commerz Real

    Dagenham Docks Limited

    ERGO Versicherung AG, UK Branch

    IMI plc

    Ivanhoe Cambridge/Residential Land

    L1 Capital

    Olympia Limited

    Palace Capital plc

    Purplebricks Group Plc

    Royal Borough of Kensington and Chelsea

    Schroder Real Estate

    Shell UK plc

    Thales Properties Limited

    WELPUT (a Schroders property fund managed by BentallGreenOak)

    Work highlights

    • Acted for Shell UK plc in a substantial service charge dispute against its former landlord of Shell Mex House on the Strand and resisting landlord’s recent High Court challenge to the validity of a favourable expert determination.
    • Acted for the defendant developer, Reef Estates (Wimbledon) in defending High Court injunctive proceedings by an adjoining landowner seeking to restrain ongoing redevelopment works to a high-profile flagship 7 storey development in Wimbledon, London, on the basis of an alleged infringement to the adjoining owner’s right of light.
    • Advised 57 Whitehall S.A.R.L. in respect of the development constraints and potentially contentious aspects of the high profile redevelopment of the Old War office in Whitehall.

    TMT (technology, media and telecoms) > Intellectual property: trade marks, copyright and design Tier 4

    Norton Rose Fulbright‘s UK IP practice covers a wide range of non-contentious matters, including commercial licensing agreements, disposals, acquisitions, and IP issues related to M&A. Commercial IP specialist Mike Knapper leads the practice, regularly advising on portfolio structuring issues, licensing mandates, technology transfers and other related matters in the life sciences, energy and technology sectors. Paul Joseph  has recently moved to Linklaters LLP.

    Practice head(s):

    Mike Knapper

    Key clients

    Coca Cola Hellenic Bottling Company

    Marshmallow Insurance

    Modern Times Group

    Shell

    Kerry Foods

    Accolade Wines

    BNP Paribas

    Accenture

    Laser Clinics UK

    Purplebricks

    Sandvik

    Formula E Teams and Manufacturers Limited

    Japan Tobacco Inc.

    Fair Isaac Cooperation

    Hertz

    Work highlights

    • Advised Sandvik on trade mark due diligence in the context of its acquisition of DSI Underground.
    • Advising Kerry Foods on the sale of its meats and ready meals business to Pilgrims Foods, including advising on significant IP separation issues, including brand licences and licences of Kerry’s proprietary meat alternative technology.
    • Advising Purplebricks on a number of matters involving various third party infringements of Purplebricks’ IP rights, breaching Purplebricks’ website terms of use and engaging in unfair commercial practices.

    Transport > Shipping Tier 4

    Praised for its ‘strong holistic shipping practice’, Norton Rose Fulbright covers a wide range of shipping-related matters. The impact of Covid-19, decarbonisation, and sanctions are among the areas of expertise of the team led by ‘seasoned litigator’ Philip Roche. Asset finance litigation and other contentious matters are regularly handled by Charlotte Winter, often on behalf of banks, financiers, shipyards, and owners in shipbuilding. Katie McDougall specialises in sanction-related work including risk assessments and compliance procedures.

    Practice head(s):

    Philip Roche

    Testimonials

    ‘Norton Rose Fulbright are one of the few firms in the UK who have a strong holistic shipping practice where they can advise clients from inception of an idea to start a shipping business.’

    ‘Philip Roche is a seasoned litigator. His extensive experience in ship litigation is his strength which makes him different from his competitors.’

    Key clients

    Carnival Corporation

    Dubai Ports World

    DVB

    Japan P&I Club

    P&O Ferries

    Total

    RBS

    Rio Tinto

    Standard Chartered Bank

    Stena

    Trinity House

    KfW

    Work highlights

    • Advised Taylor Maritime Investments Limited on its initial public offering, related seed asset acquisitions of Handysize and Supramax vessels and financing.
    • Advising the Japan Ship Owners’ Mutual Protection & Indemnity Association on a shipping-specific sanctions matrix on EU and US sanctions.

    Corporate and commercial > Venture capital Tier 5

    Drawing upon its broader corporate finance/private equity credentials, as well as being able to avail itself of a multi-disciplinary approach whch feeds into regulatory and IP expertise, in particular, Norton Rose Fulbright has strong credentials among investors and investees in relation to venture capital and growth equity mandates. Fintech/insurtech is a particular sector strength, an area that the firm is able to add value by virtue, not only of its transactional strength in the area but also its regulatory knowledge. Global head of the fintech practice Sean Murphy is particularly well-suited to advise both funds and start-ups in the sector and is able to draw upon a deep well of experience in the space, including during a period spent in Silicon Valley with a leading US law firm. Emerging markets venture capital work is also a strength, an area that Bayo Odubeko is particularly adept, primarily in relation to Africa-based mandates. Victoria Birch and Sophie O’Connor co-head the team.

    Practice head(s):

    Victoria Birch; Sophie O’Connor

    Other key lawyers:

    Sean Murphy; Oliver Stacey; Bayo Odubeko; Matthew Findley; Stephen Rigby; Nicholas Berry; Mark Maurice; Victoria Scopes; Bryan Park; Juliet Gordon

    Key clients

    Starling Bank

    Funding Xchange

    OCGI Climate Investments

    Telus Communications

    Paga Group Ltd

    Green Africa

    Revenio Capital

    Northern Trust

    Zego

    Bactobio Limited

    Stena Drilling Limited

    Althelia Sustainable Ocean Fund

    Work highlights

    • Advised longstanding client Starling Bank on its latest £322m Series D funding round (its largest ever fundraising round).
    • Advised Althelia Sustainable Ocean Funds on a number of investments into cutting edge ocean sustainability technologies including into Biomega Group and SafetyNet Technologies Limited.
    • Successfully developed a Transform product to enable the firm to advise onstrategic minority investments in a time and cost effective manner by creating efficiencies across the diligence and transaction documents processes.

    Finance > Acquisition finance Tier 5

    The 'commercial and collaborative' banking team at Norton Rose Fulbright handles a significant amount of acquisition finance work for commercial/investment banks and corporates. Much of this work is of a multi-jurisdictional nature (including within emerging markets) and also often includes complex and highly bespoke structuring, with core leveraged financing capabilities sitting alongside specialised product experience including asset based lending facilities (ABL). Michael Black  has 'in-depth knowledge of ABL and cross-border lending' and is a key member of a team that also includes the 'pragmatic and considered' James Dunnett , who has niche expertise advising financial advisers on cash confirmations pursuant to public M&A.

    Practice head(s):

    Madhavi Gosavi (head of banking & finance – EMEA); Michael Black (head of general banking – London)

    Other key lawyers:

    Neha Khosla; Michael Ings; James Dunnett; Alex Zekkos; Grace Carpenter; Shivani Patel

    Testimonials

    A very commercial and collaborative team with strength in depth and good working relationships with bank-side legal teams.’

    They provide pragmatic and solutions-driven advice.’

    James Dunnett provides calm, pragmatic and considered advice.’

    Michael Black has in-depth knowledge of ABL and cross-border lending.’

    Key clients

    MUFG

    SMBC

    Mizuho

    Bank of America

    Owl Rock

    JTC Plc

    HSBC

    Bank of Ireland

    Ares Commercial Finance

    Reach Plc

    IMI Group Limited

    M&G Investment Management

    Accel-KKR

    National Bank of Canada

    Work highlights

    • Advised MUFG, SMBC and Mizuho as lenders on the approx $6.4bn acquisition facilities made available to Renesas Electronic Corporation for the acquisition of Dialog Semiconductor plc, which was listed on the Frankfurt Stock Exchange.
    • Advised Bank of America as arranger of an ABL facility and a 1st lien term loan and advised Owl Rock as arranger of a 2nd lien term loan to fund the acquisition of Conair Corporation by American Securities.
    • Advised IMI Group in relation to its $180m syndicated term loan facility, which financed the acquisition by IMI Americas (a subsidiary of IMI plc) of Adaptas Solutions (a US-based manufacturer of spectrophotometry components) pursuant to a merger which completed on 17 December 2021.

    Finance > Corporate restructuring & insolvency Tier 5

    Often working across the firm’s core sectors such as transport, energy and financial services, Norton Rose Fulbright‘s industry targeted restructuring and insolvency team excels in handling contentious and non-contentious cross-border matters for IPs, distressed investors, banks and corporates. James Stonebridge is noted for his expertise at handling shipping/offshore restructuring matters and heads up a ‘strong’ team that also includes the ‘technically and commercially very strong’  Mark Craggs and Alison Goldthorp, who displays ‘an entrepreneurial mindset‘ on behalf of directors, IPs and creditors.

    Practice head(s):

    James Stonebridge

    Other key lawyers:

    Mark Craggs; Alison Goldthorp; Matt Thorn; Gemma Long; Manhal Zaman

    Testimonials

    The firm has a strong restructuring and insolvency team.’

    Alison Goldthorp is a great female role-model as to how to succeed in practice. She has an entrepreneurial mindset and always looking for a different angle.’

    ‘Mark Craggs is technically and commercially very strong.’

    Key clients

    Polarcus Limited and its liquidators

    Citibank

    Bourbon Maritime

    ABN Amro

    DNB

    ING Bank

    SMBC

    Danmarks Skibskredit

    The Administrators of Insect Technology Group Limited (Brian Johnson and Peter Kubik UHY Hacker Young)

    GFG Alliance

    Work highlights

    • Acting for Polarcus Limited and subsequently the liquidator of Polarcus UK Limited in connection with the proposed restructuring and thereafter acting for the liquidator of the UK estate.
    • Advised Delta Air Lines on the recapitalisation and refinancing of Virgin Atlantic Airways including acting on the UK’s first use of the restructuring plan under Part26A under the Companies Act then on the recapitalisation and refinancing of the group throughout 2021.    

    TMT (technology, media and telecoms) > Media and entertainment (including media finance) Tier 5

    TMT (technology, media and telecoms) > Intellectual property: patents (contentious and non-contentious) Tier 6

    Norton Rose Fulbright‘s UK patent practice is led by commercial IP expert Mike Knapper. The team also engages in contentious work, with recent highlights including advising Shell on a patent infringement claim in relation to Pay at Pump technology. Notable at a non-partner level are Farah Mukaddam who was recently promoted to counsel, and senior associate Alex Redbourne. Paul Joseph has left the firm for Linklaters.

    Practice head(s):

    Mike Knapper

    Other key lawyers:

    Jane Caskey; Zayed Al Jamil; Alex Redbourne

    Key clients

    Shell

    Kerry Foods

    Accolade Wines

    BNP Paribas

    Accenture

    Sandvik

    Japan Tobacco Inc.

    Zanoprima

    Work highlights

    • Advising Kerry Foods on the sale of its meats and ready meals business to Pilgrims Foods, including advising on significant IP separation issues, including brand licences and licences of Kerry’s proprietary meat alternative technology.
    • Advising Shell on a patent infringement claim brought by Ensygnia IP Limited in the Patents Court, UK High Court in relation to the alleged infringement of Ensygnia’s patent by a number of Shell entities in relation to Pay at Pump technology.
    • Advised Sandvik on patent and trade mark due diligence in the context of its acquisition of DSI Underground.

    TMT (technology, media and telecoms) > Sport Tier 6

    Norton Rose Fulbright is experienced in the acquisition and disposal of sports franchises, negotiation of sponsorship deals, stadium financings and developments, and regulatory investigations. Corporate lawyer and practice head Stephen Rigby has developed a niche advising overseas investors into UK football clubs, as well as handling more general sporting and commercial matters.

    Practice head(s):

    Stephen Rigby

    Other key lawyers:

    Claire O’Donnell; Sarah Fitzpatrick

    Key clients

    Envision Virgin Racing

    British Racing Drivers Club Limited

    Crusaders Cricket Australia Inc.

    Southampton FC

    London Development Agency

    Société Générale

    777 Partners LLC

    Modern Times Group (MTG)

    Work highlights

    • Advised Mr Jisheng Gao on his sale of a majority stake in Southampton Football Club to Sport Republic, an investment firm led by Dragan Solak that operates in the sports and entertainment industry.
    • Advised Modern Times Group MTG AB (MTG) on the sale of ESL Gaming to the Savvy Gaming Group (SGG) in an all-cash transaction.
    • Advised 777 Partners LLC, a Miami-based private equity firm, on its equity investment into the British Basketball League.

    India > Foreign firms Tier 3

    Norton Rose Fulbright has a notable practice in the energy sectors, especially regarding disputes. Sherina Petit heads the India-focused practice from London, working with key practitioners, Stephen Begley, Raj Karia, Selene Tan and Aditya Rebbapragada.

    Work highlights

      Latin America: International firms > Banking and finance

      Norton Rose Fulbright has achieved further growth in restructurings and general lending for Brazilian and international banks, along with a notable uptick in ESG and sustainability-linked loans. The firm continues to be at the forefront of rail and metro financings across Latin America and remains active in renewable energy financings in Mexico and elsewhere. Its presence in Sao Paulo and Mexico City is complemented by its US offices, particularly New York and Washington DC, which have teams strongly focused on Latin America. Moreover, its London and other European offices, are integral to international bank relationships that bring the Latin America team a wealth of engagements. Sao Paulo managing partner Charles Johnson has spent more than two decades in Brazil, specialising in structured trade finance, project finance, asset finance and restructurings. Michael McCourt is another key partner in Sao Paulo, along with Daniel Spencer, who is a leader in infrastructure finance across Latin America. Sao Paulo counsel Caspar Davey, a fluent Mandarin speaker, has had a pivotal role in representing Chinese banks and sponsors in Latin America infrastructure financings, particularly in the rail sector. Raquel Bierzwinsky splits her time between New York and Mexico City, and specialises in project finance in Mexico, particularly in the renewable energy field. Washington DC partners Sarah Devine, a Spanish speaker, and Jeremy Hushon, hold strong connections to a wealth of agency lenders that are active in Latin America. London partner Giles Brand is active in offshore oil and gas financings in Brazil.

      Practice head(s):

      Charles Johnson; Raquel Bierzwinsky

      Testimonials

      The team is always available and very on top of every discussion during the transactions. They are very pro-deal but always provide important legal advice. A very technical and knowledgeable team. Compared to other firms, they stand out especially for their comprehensive set of abilities and skills.

      The team in the São Paulo office speaks Portuguese (makes the negotiation with Brazilian clients very easy). They are pragmatic and business oriented in the sense that they do not waste time/energy on less relevant topics (such as minor wording issues) and really focus on the legal risks of the transaction. They are very experienced and help find workable solutions when the negotiations are harder. Aside form that, they are committed to timetables (sometimes challenging ones) and deliver good quality documents.

      In my point of view, Charles Johnson stands out, specially given his legal knowledge and understanding of business aspects of each deal. He’s particularly very detailed-oriented and, at the same time, very straight-forward and timing aware.

      Key clients

      KfW IPEX

      CABEI

      Deutsche Bank

      Banco del Estado de Chile

      BCI

      Bancomext

      IDB Invest

      FinDev Canada

      DFC (formerly OPIC)

      Braskem

      Banco Rabobank International Brasil

      BRK Ambiental Participações

      Vale

      Macquarie

      Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden (FMO)

      Société de Promotion et de Participation Pour la Coopération Economique  (PROPARCO)

      International Finance Corporation (IFC)

      Hedera Investimentos e Participações

      Banco Itau BBA

      ING Bank

      Banco Bradesco

      Iochpe Maxion

      Corporacion Andina de Fomento (CAF)

      Ultrapar Participações

      Goldman Sachs

      JP Morgan

      MUFG Bank

      Banco Credit Suisse do Brasil

      Banco ABN AMRO

      Banco do Brasil

      BNDES

      DNB Bank

      Banco BTG Pactual

      Sumitomo Mitsui Banking Corporation

      Bank of America

      Work highlights

      • Advised Biosev and its shareholder the Louis Dreyfus group with respect to the restructuring of $1.3bn of Biosev debt with a large group of international and Brazilian banks.
      • Advised the US International Development Finance Corporation (DFC) on a $2.8bn credit facility earmarked to promote economic growth and development in Ecuador.
      • Advised Brazilian petrochemical company Braskem (and its subsidiaries Braskem Netherlands and Braskem America), in connection with a $1bn syndicated revolving credit facility.

      The firm: Norton Rose Fulbright is a global law firm. We provide the world’s preeminent corporations and financial institutions with a full business law service. We have more than 4,000 lawyers and other legal staff based in more than 50 cities across Europe, the United States, Canada, Latin America, Asia, Australia, the Middle East and Africa.

      Areas of practice: Recognized for our industry focus, we are strong across all the key industry sectors: financial institutions; energy; infrastructure, mining and commodities; transport; technology and innovation; and life sciences and healthcare. Through our global risk advisory group, we leverage our industry experience with our knowledge of legal, regulatory, compliance and governance issues to provide our clients with practical solutions to the legal and regulatory risks facing their businesses.

      Wherever we are, we operate in accordance with our global business principles of quality, unity and integrity. We aim to provide the highest possible standard of legal service in each of our offices and to maintain that level of quality at every point of contact.

      Norton Rose Fulbright Verein, a Swiss verein, helps coordinate the activities of Norton Rose Fulbright members but does not itself provide legal services to clients. Norton Rose Fulbright has offices in more than 50 cities worldwide, including London, Houston, New York, Toronto, Mexico City, Hong Kong, Sydney and Johannesburg. For more information, see nortonrosefulbright.com

      Offices: We have offices in the world’s most important business, financial and regulatory centres and are active in strategically important growth markets. Our offices are located in Amsterdam, Athens, Austin, Bahrain, Bangkok, Beijing, Brisbane, Brussels, Calgary, Canberra, Cape Town, Casablanca, Dallas, Denver, Dubai, Durban, Frankfurt, Hamburg, Hong Kong, Houston, Istanbul, Jakarta (in association with Norton Rose Fulbright Australia), Johannesburg, London, Los Angeles, Luxembourg, Melbourne, Mexico City, Milan, Minneapolis, Monaco, Montréal, Moscow, Munich, New York, Ottawa, Paris, Perth, Piraeus, Port Moresby, Québec, Rio de Janeiro, Riyadh (in association with Mohammed Al-Ghamdi Law Firm), San Antonio, San Francisco, São Paulo, Shanghai, Singapore, St Louis, Sydney, Tokyo, Toronto, Vancouver, Warsaw and Washington, DC. In Africa, we have alliances with firms in Kenya, Uganda, Burundi and Zimbabwe

      Number of partners (worldwide): 1,000+
      Number of other fee-earners (worldwide): 2,000+
      Total staff: 7,500+

      Global key contacts
      Financial institutions:
      James Bateson
      Energy: Anne Lapierre and John Mauel
      Infrastructure, mining and commodities: Nick Merritt
      Transport: Harry Theochari
      Technology: Nick Abrahams
      Life sciences and healthcare: Stacey Martinez and Randy Sutton

      DepartmentNameEmailTelephone
      Global chief executive Peter Martyr
      Global chair Stephen Parish
      Banking and finance Nick Grandage
      Corporate, M&A and securities Ava Yaskiel
      Dispute resolution and litigation Gerard Pecht
      Energy Simon Currie
      Financial institutions James Bateson
      Infrastructure, mining and commodities Nick Merritt
      Life sciences and healthcare Patrick Kierans
      Life sciences and healthcare Rick Robinson
      Technology and innovation Mike Rebeiro
      Transport Harry Theochari
      PhotoNamePositionProfile
      Nicholas (Nick) Adams photo Nicholas (Nick) Adams
      Zayed Al Jamil photo Zayed Al Jamilwww.nortonrosefulbright.com/people/143116/zayedaljamil
      Michael Alliston photo Michael AllistonPartner
      Hamish Anderson photo Hamish Anderson
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      Alan Bainbridge photo Alan Bainbridge
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      Duncan Batchelor photo Duncan Batchelor
      Christopher (Chris) Bates photo Christopher (Chris) Bates
      James Bateson photo James Bateson
      Alison Baxter photo Alison Baxter
      Michael Bennett photoMr Michael BennettPartner
      Mark Berry photo Mark Berry
      Nicholas Berry photo Nicholas Berry
      Farmida Bi photo Farmida Bi
      Toby Biddle photoMr Toby BiddlePartner
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      Michael Black photo Michael Black
      Patrick Bourke photo Patrick Bourke
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      Sarah Coucher photo Sarah Coucher
      Dan Cowdy photo Dan Cowdy
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      Sarah Cullen photo Sarah Cullen
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      Daniel Franks photo Daniel Franks
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      Dan Giemajner photo Dan GiemajnerPartner
      Ian Giles photo Ian Giles
      Michael Godden photo Michael Godden
      Alison Goldthorp photo Alison GoldthorpPartner
      Charez Golvala photo Charez Golvala
      Radford Goodman photo Radford Goodman
      Madhavi Gosavi photo Madhavi Gosavi
      Nicholas (Nick) Grandage photo Nicholas (Nick) Grandage
      Richard Green photo Richard GreenPartner
      Michael Grenfell photoMr Michael Grenfell
      Christopher (Chris) Grieves photo Christopher (Chris) Grieves
      Paul Griffin photo Paul Griffin
      Simon Gwynne photo Simon GwynnePartner
      Robert (Bob) Haken photo Robert (Bob) Haken
      Glenn Hall photo Glenn HallHead of Government Relations and Public Policy; Partner
      Peter Hall photo Peter Hall
      Matthew Hardwick photo Matthew Hardwick
      David Harris photo David Harris
      Andrew Hart photo Andrew Hart
      Simon Hartley photo Simon Hartley
      David Hawkins photo David Hawkins
      Andrew Hedges photo Andrew Hedges
      Dominic Hennessy photo Dominic Hennessywww.nortonrosefulbright.com/people/14698/dominichennessy
      Jonathan Herbst photo Jonathan Herbst
      Roger Heward photo Roger Heward
      Nigel Hewitson photoMr Nigel Hewitson
      Louise Higginbottom photo Louise Higginbottom
      Anthony Hobley photoMr Anthony Hobley
      Matthew (Matt) Hodkin photo Matthew (Matt) Hodkin
      Clementine Hogarth photo Clementine Hogarthwww.nortonrosefulbright.com/people/122379/clementinehogarth
      Nick Howard photo Nick Howardwww.nortonrosefulbright.com/people/19346/nickhoward
      Richard Howley photo Richard Howley
      Tim Ingham photo Tim Inghamwww.nortonrosefulbright.com/people/123380/timingham
      Michael Ings photo Michael Ings
      Noleen John photo Noleen John
      Tom Johnson photo Tom Johnson
      Mark Jones photoMr Mark Jones
      Harriet Jones-Fenleigh photo Harriet Jones-Fenleighwww.nortonrosefulbright.com/people/99329/harrietjonesfenleigh
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      Michael (Mike) Knapper photo Michael (Mike) Knapper
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      Rob Marsh photo Rob Marsh
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      Sarah McKellar photo Sarah McKellar
      Hannah Meakin photo Hannah Meakin
      Adrian Mecz photo Adrian Mecz
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      Daniel Metcalfe photo Daniel Metcalfe
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      Neil Miller photo Neil Miller
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      Jonathan Ogle photo Jonathan Ogle
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      Cathy Pitt photoMs Cathy Pitt
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      Jehan-Philippe Wood photoMr Jehan-Philippe Wood
      Andrew Wood photo Andrew Wood
      Kimberley Wood photo Kimberley Wood
      Peter Young photo Peter Young

      At Norton Rose Fulbright our vision is to be an employer of choice worldwide, attracting and retaining the best people in order to provide our clients with the most considered and innovative advice.

      To attract the best people, we strive to create a diverse and inclusive environment where everyone can realise their full potential. With more than 7,000 people worldwide, we benefit from the diversity of perspectives and experiences they bring to the firm – from national origin, disability and gender identity to religion, race and ethnicity, culture, sexual orientation and socio-economic backgrounds. We value difference and actively promote a culture of inclusion, encouraging everyone to be curious about the different perspectives of our colleagues, clients and the communities in which we operate.

      The global D&I sub-committee reports into the Global Executive Committee and advises on the strategic commitments needed to ensure we build a diverse and inclusive partnership and firm. Our global D&I strategy focuses on gender; race and ethnicity; LGBTIQ+; disability; mental health; social mobility; family and carers.

      We believe targeted measures drive change and enable us to measure progress. In 2020 we launched an aspirational global gender target of 40% women and 40% men, and 20% flexibility to be fully inclusive as well as a new race and ethnicity strategy to accelerate progress. The refreshed ethnicity strategy introduced UK BAME targets: by 2025, 15% of partners (currently 9%) and 25% of employees (currently 20%). The annual BAME trainee recruitment target remains 25%, and now includes a target of 10% Black trainees.

      To support diverse talent through critical career stages and to strengthen our pipeline and increase representation of minority groups we have developed a suite of programmes and initiatives to foster an inclusive culture. For example, our Career Strategies Programmes (CSP) are global modular development programmes to support women and minority ethnic fee-earners on track for partnership. In the UK we are expanding the CSP to BAME business services professionals and creating two other career development programmes for more junior lawyers and business services professionals.

      To support our wider inclusion strategy we have nearly 50 employee networks globally. The network groups cover all areas of inclusion and share the aims of building awareness, providing development and networking opportunities, supporting business development and profiling role models.

      As a corporate citizen we use our skills and knowledge to make a difference for the wider communities in which we operate, to help shape the future in a way that provides economic, ecological and social benefits for all. We are active across our local communities, working closely with a number of charitable organisations utilising the skills of our people through pro bono and volunteering opportunities, fundraising for a number of important causes and ensuring we are an environmentally conscious business.