Slaughter and May continues to be involved in complex credit protection, CDS and repo work, as well as an array of transactional and regulatory matters for major banks, insurers, and blue-chip UK corporates. Ed Fife recently advised international energy and services company Centrica Plc on reporting obligation for back-to-back intragroup derivative transactions under UK EMIR, delegated reporting arrangements and the potential consequences of failing to report such transactions in accordance with relevant requirements. Richard Jones advises on derivatives in the context of securitisations, structured finance transactions, loan finance and general corporate treasury purposes. Caroline Phillips is a key adviser to sponsors, corporates and financial institutions.
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Key clients
- Centrica Plc
- TreasurySpring Management
- Volvo Treasury AB
- Arm Limited
- Deutsche Bank AG, London
- Diageo
- Central Bank of Egypt
Work highlights
Advised Centrica Plc on the reporting obligation for these back-to-back intragroup derivative transactions under UK EMIR, delegated reporting arrangements and the potential consequences of failing to report such transactions in accordance with relevant requirements.
Advised Volvo Treasury AB in relation to the establishment and, where necessary, amendment of their ISDA Master Agreements with a number of counterparties, spanning a wide range of jurisdictions.
Assisted TreasurySpring with the negotiation of their documents with a particular focus on (1) ensuring as much consistency across all of TreasurySpring ’s existing GMRAs and GMSLAs insofar as possible (for operational ease) and (2) updating historical arrangements so as to align with current market practice.
Lawyers
Leading partners
The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.
Other key lawyers
Ed Fife; Richard Jones; Caroline Phillips