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Burges Salmon LLP

Living Wage
ONE GLASS WHARF, BRISTOL, BS2 0ZX, ENGLAND
Tel:
Work 0117 939 2000
Fax:
Fax 0117 902 4400
DX:
7829 BRISTOL
Email:
Web:
www.burges-salmon.com
Bristol, Edinburgh, London

Rachael Ruane

Tel:
Work 0117 902 7231
Email:
Burges Salmon LLP

Work Department

Banking and Finance.

Position

Partner in the Banking and Finance group. Rachael advises financial institutions, funds, corporates and cooperatives. Rachael has expertise in corporate banking, leveraged finance, real estate finance and asset backed finance. Clients include Lloyds Banking Group, FirstGroup, KfW-IPEX Bank, HSBC, ICG Longbow, Kreos Capital, Beechbrook Capital and Santander.

Career

Trained Freshfields Bruckhaus Deringer LLP; qualified 2003; joined Burges Salmon 2006; partner Burges Salmon 2014.

Education

Attended Ackworth School (Society of Friends); Exeter University (LLB (European) 1st class); Oxford Institute of Legal Practice.

Leisure

Languages, travel, cycling and cookery. Trustee of Friends of Page Park.


South West: Finance

Banking and finance

Within: Next Generation Partners

Rachael Ruane - Burges Salmon LLP

Within: Banking and finance

Key sectors of focus for Burges Salmon LLP’s mid-market banking practice include energy and infrastructure, real estate, transport, food and agriculture, leisure, insurance, housing and healthcare. With the firm opening an Edinburgh office, which operates alongside the Bristol and London offices, the firm is on a strong footing to serve clients across the UK and further afield internationally. In addition to undertaking finance work for lenders, it has also established relationships with a large number of household name corporate borrowers. Practice head Richard Leeming, who specialises in corporate banking and real estate finance, acts for clearing banks, investment banks and private banks, as well as debt funds. Recently promoted partner Katie Allen is 'bright, capable and pleasant to work with'. 'Very efficient' Rachael Ruane is also recommended for her project finance and asset finance expertise.

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Legal Developments by:
Burges Salmon LLP

  • Restoring environmental damage: putting a price on ecosystem services

    On 7 August 2009 a 40-inch pipeline ruptured, spilling 5,400 cubic metres of crude oil into the soil and groundwater of La Crau nature reserve in southern France, a habitat protected under French and European law. The operator had to excavate and replace 60,000 tons of soil, install 70 wells to pump and treat groundwater and 25 pumps to skim oil from surface water, at a cost in the region of €50m. However, this was just the primary remediation (that is, restoring the site to the state it would have been if the damage had not occurred). The operator was also required to compensate for the damage to the habitats and the loss of the ecosystem services that would otherwise have been provided by La Crau nature reserve. Measures included purchasing land outside of the nature reserve and contributing to its management for a period of 30 years (over €1m), monitoring the water table for 20 years (over €500,000), monitoring fauna over three years (€150,000) and rehabilitation in accordance with best available ecological techniques (nearly €2m). Overall, the compensatory restoration (to compensate for the amount of time that the ecosystem was impacted) and complimentary restoration (to compensate for elements of the ecosystem that had been permanently lost) came to more than €6.5m. 

    - Burges Salmon LLP

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