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Dentons

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

Mark Cheney

Tel:
Work 020 7246 7650
Email:
Dentons

Work Department

Energy regulation, project finance.

Position

Mark is a partner in the energy, infrastructure and project finance department of the firm’s London office. He specialises in the development, financing and acquisition of energy and infrastructure assets and in energy trading. Recent experience includes advising the sponsors on the development and project financing of a new build power plant in Turkey, the lenders on the limited recourse financing of an offshore wind farm in the UK, an investment bank on a commodity trading joint venture, an oil major on a $500m facility to support its purchase of crude oil cargoes, an investment bank on a gas storage monetisation transaction and a corporate in relation to the disposal of its equity interest in a UK power station.

Career

Associate Pinsent Curtis (now Pinsent Masons) 1998-2000; managing associate Linklaters 2000-04, counsel 2004-10, partner 2010-11; partner Dentons UKMEA LLP (formerly SNR Denton UK LLP).

Education

University of Nottingham (LLB, LLM Hons).


London: Finance

Derivatives and structured products

Within: Derivatives and structured products

At Dentons, 'the service, the pricing and the availability all click into place'. The firm handles all aspects of derivatives work including flow documentation negotiations, clearing, commodities hedging, securitisation swap intermediations and a broad range of plain vanilla and structured emerging market derivatives transactions. Derivatives specialist Matthew Sapte leads the practice and one client describes him as 'reasonable, very accommodating and very knowledgeable', adding that he is 'a calm person to have on a transaction'. He handles a broad range of work including credit-linked, equity-linked, conventional and Islamic derivatives. He recently advised BNP Paribas, as swap provider, on securitisation swaps entered into in connection with notes issued by Bluestep Mortgages Securities No. 4 DAC. He also assisted Investec Bank with its trading relationships with fund counterparties in the Cayman Islands, Bermuda and Luxembourg. The firm also has a strong CLO practice led by Martin Sharkey. Also recommended are Mark Cheney, who specialises in the development, financing and acquisition of energy and infrastructure assets, and in energy trading; and Peter Voisey and Edward Hickman, who handle structured finance and securitisation. The firm also has greater capacity in trustee, tax and regulatory matters in the derivatives market thanks to the hires of Catriona Lloyd from Linklaters LLP, Alex Tostevin from Weil, Gotshal & Manges (London) LLP  and Jonathan Garforth from Allen & Overy LLP.

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Trade finance

Within: Trade finance

Clients praise the 'responsive, clear, pragmatic' practice at Dentons, which excels in structured commodity finance, reserve based lending and export credit financing. A leading light in the market, Celia Gardiner leads the trade finance practice and is 'very strong at simplifying complicated matters, in addition to being very clear and persuasive in her explanations and arguments both with clients and counterparties'. She acted for Sumitomo Mitsui Banking Corporation on the $1.3bn annual pre-export finance facility for the Ghana Cocoa Board, which is secured on the receivables generated by Ghana's export of cocoa. Tim Pipe advises lenders, borrowers, international financial institutions and trading companies on financings in the energy sector, with a particular focus on upstream oil and gas businesses, as well as in emerging markets including Russia and Nigeria. He handled a $640m structured facility for Neconde Energy on behalf of lender Africa Finance Corporation. Mark Cheney's main focus is physical commodities trading and structured commodity trades in the energy sector. The practice also calls upon the structured finance and capital markets knowledge of Matthew Sapte and the export credit financing expertise of London banking and finance head Paul Holland. Rising star and senior associate Ian Clements plays a key role in structured trade and commodity financing deals, and recently acted for security agent Natixis on the restatement of a $475m borrowing base facility.

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Legal Developments by:
Dentons

  • Legal aspects of documenting shipping finance transactions in the United Arab Emirates

    The United Arab Emirates (UAE) is strategically placed between Europe and the Far East. The UAE has been ranked among the top 15 maritime nations by the United Nations Conference on Trade and Development and the UAE Government is working on plans to transform the shipping industry into one of the country’s major economic sectors.
    - SNR Denton

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