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Clifford Chance LLP

Work 020 7006 1000
Fax 020 7006 5555

Habib Motani

Work +442070061718
Clifford Chance

Work Department

Banking & Finance




Cambridge University (BA) 1977

London: Finance

Commodities: derivatives

Within: Commodities: derivatives

The derivatives practice at Clifford Chance LLP is part of a banking group that is seen as one of the leaders in hedging and structured finance matters. Derivatives specialists Habib Motani, Matthew Grigg and Paget Dare Bryan all have significant expertise in the sector and frequently advise on physically and financially settled derivatives contracts in OTC, securitised and exchange-traded form, as well as other commodity-linked instruments in Islamic finance and carbon-linked bonds. Emerging markets experts Leonard Cleland, who advised Société Générale as documentation agent on a $240m pre-export financing facility for members of the Metalloinvest Group secured over coking coal and pig iron export contracts, and Logan Wright play key roles in the practice. Oil and gas specialist Russell Wells frequently advises trading house Glencore on derivatives as part of structured and trade finance deals, which last year included a $1.2bn secured borrowing base facility relating to global metals inventories.

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Derivatives and structured products

Within: Leading individuals

Habib Motani - Clifford Chance LLP

Within: Derivatives and structured products

Clifford Chance LLP is 'a very strong firm that provides first-rate advice and has a team that is great to work with'. One client remarks that 'its knowledge of loan on loan transactions and public markets work is second-to-none and its work on repack programmes is fantastic'. The practice advises on all types of transactional derivatives across asset classes including commodity, equity, credit and interest rates, as well as collateral and financing structures. The lawyers have extensive experience in the review and negotiation of ISDA master agreements and associated credit support documentation, and the firm has specialists in the documentation of repos, securities lending arrangements and structured and embedded derivative products. Its lawyers also advise leading financial institutions on structured product issuance programmes, including listings and prospectus approvals. The firm is also acting in the retail market for structured notes, warrants and certificates, funds, market access products, repackagings, OTC derivatives, proprietary indices, insurance products and structured deposits. Retail and insurance product expert Andrew Coats and Asia-Pacific specialist Paget Dare Bryan are co-heads of the London derivatives and structured products practice. Habib Motani leads the firm's global derivatives practice. Jessica Littlewood is 'a long-standing practitioner in this space who is up to speed with all regulatory developments and market practice'. 'Innovative and creative thinker' Timothy Cleary  has 'in-depth technical expertise and commercial acumen'. Last year, Anne Drakeford worked on deal-contingent foreign exchange swaps and options documentation for trades in the context of private equity acquisitions and disposals. Matthew Grigg handles structured debt and derivatives transactions, including synthetic CDOs, synthetic securitisations, repackagings, credit derivatives, credit-linked, equity-linked and fund-linked securities, and asset backed securities. Senior associate William Winterton is also recommended for work on counterparty risk management, collateral and clearing issues for both sell- and buy-side clients.

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Islamic finance

Within: Leading individuals

Habib Motani - Clifford Chance LLP

Within: Islamic finance

The team at Clifford Chance LLP covers a broad range of disciplines within the Islamic finance market, with the global practice specialising principally in the banking, capital markets, and derivatives sectors. The firm's client base principally consists of Islamic and international banks, central banks, corporates and government agencies. Sovereign debt expert Leonard Cleland and derivatives specialist Habib Motani are the key contacts in the London office, bringing experience in both sovereign and corporate sukuk as well as murabaha, wa'ad, salam and arbun structures. Dubai-based Qudeer Latif heads the firm’s global Islamic finance practice.

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