Dechert LLP’s practice advises on all types of international debt securities transactions, with a strong emphasis on emerging markets and expertise in both English and U.S. law-governed deals. The team head Patrick Lyons and key partner Jennifer Rees left the firm to join Baker Botts in June 2025.
Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • ‘The team at Dechert demonstrated exceptional professionalism and expertise throughout the transaction. Their unwavering commitment to meeting deadlines, coupled with their ability to navigate complex interpersonal dynamics and unforeseen challenges, was truly commendable.'

  • 'Great hands on and experienced team which has in depth knowledge of DCM matters and which is available on a 24-7 basis.'

  • 'Patrick Lyons and Amy Rees demonstrated professionalism and expertise throughout the transaction.'

  • 'Patrick Lyons is probably the best DCM lawyer for the entire region. He leads the amazing Jennifer Rees and Amy Rees who are fantastic resources and co-lead a lot of the mandates.'

  • 'This is the best DCM team.'

Key clients

  • Kingdom of Bahrain
  • The Arab Republic of Egypt
  • <p>Noura Al Sayeh</p>
  • <p>Anne Holtrop</p>
  • <p>Simeon Kerr</p>
  • HSBC Bank plc
  • J.P. Morgan Securities plc
  • Republic of Albania

Work highlights

Advised the Arab Republic of Egypt on its dual-tranche offering of its US$1.25 billion 8.625% Notes due 2030 and US$750 million 9.450% Notes due 2033 under its Global Medium Term Note Programme.
Advised the JSC Development Bank of Kazakhstan, the Kazakhstan state-owned development bank, on its dual tranche U.S. Dollar and Kazakhstan-Tenge Eurobond issuances, with a simultaneous cash tender offer for existing Eurobonds.
Advised Dealers and Joint Lead Managers on the establishment of the Trust Certificate Issuance Programme for Nama Electricity Distribution Company SAOC and the issuances thereunder (in February 2024 and October 2024) in an aggregate principal amount of US$1.25 billion.

Lawyers

Next Generation Partners

Junior partners with significant recognition from clients and peers in the market and key roles on multiple matters.

Jennifer Rees

Practice head

Patrick Lyons

Other key lawyers

Jennifer Rees; Amy Rees