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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, London

Graham Soar

Tel:
Work 0117 902 6347
Email:
Burges Salmon LLP

Work Department

Banking and Finance.

Position

Partner in the banking and finance group. Advises clients including financial institutions, corporates and funds in relation to a broad range of finance transactions. Specialises in energy and infrastructure finance, corporate banking, real estate banking and derivatives.

Career

Trained Slaughter and May; qualified 1999; joined Burges Salmon 2004; partner Burges Salmon 2008.

Education

Attended Whitley Bay High School; St Catharine’s College, University of Cambridge (1995 MA law); College of Law, Chester (1997 LPC).

Leisure

Hill walking, running and cycling.


London: Finance

Derivatives and structured products

Within: Derivatives and structured products

The derivatives practice at Burges Salmon LLP advises major corporates, including FTSE100 companies and funds, among which are National Express and Emirates Group. For transport operator FirstGroup, the firm advised on numerous transactions including negotiation of ISDA master agreements and related credit support arrangements, as well as assisting with regulations such as EMIR. Head of derivatives Graham Soar handled those deals, and he also acted for Premier Fund Managers in ISDA agreements and credit support arrangements with several banks. Key partner Richard Leeming acted for Santander UK in the review and negotiation of ISDA master agreement and credit support arrangements for Wales-based taxi company Veezu in connection with a loan made by the bank to fund the company's acquisition strategy. Soar and Leeming have the support of strong senior associates Katie Allen and Alistair Rattray.

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South West: Finance

Banking and finance

Within: Banking and finance

By some clients’ reckoning, Burges Salmon LLP’s banking department ‘has proved itself able to stand toe-to-toe with top London firms’. In addition to its core mid-market lending work, the team is highly recommended for senior financing and US private placement transactions and is also instructed by a number of blue-chip borrowers. Department head Richard Leeming advised HSBC Bank on the refinancing of Harbour Hotels by way of a £112m term loan with a £50m accordion option. Similarly, Rachael Ruane acted for RBS on the refinancing of a residential property developer’s revolving credit facilities. On the borrower-side, Leeming assisted National Express Group with two separate $30m bilateral facilities, one with Bank of Tokyo-Mitsubishi, and the other with Bank of America Merrill Lynch International. The group is increasingly instructed by alternative lenders. Indeed, acting across from two Magic Cricle firms, Nathan Curtis acted for a UK asset manager, as mezzanine lender, on a high-value mortgage-backed warehouse facility. Further, the ‘pragmatic’ Graham Soar advised Aerium Finance on the financing associated with the client’s acquisition of units in a Jersey property unit trust; the financing was provided by an ultra-high-net-worth Middle Eastern shari’ah investor. Andrew Eaton is another key contact and senior associates Ed Hobbs and Katie Allen are recommended.

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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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