Mayer Brown International LLP is best known for its pure derivatives work, but over the years it has increased its structured products workload and is frequently involved in securitisation. A prime example is its work for Banco Santander Chile in the Project Patagonia risk-sharing facility, a capital relief transaction to help the bank increase mortgage lending to women, and which references a $500m portfolio of corporate loans. Practice head Edmund Parker led that specific transaction, while Nanak Keswani ‘fully understands commercial imperatives and financial considerations’, concentrating his practice on OTC derivatives, repos and structured credit, alongside frequently advising banks, end users and service providers on repacks, structured repos and more. Musonda Kapotwe is an expert on financial services regulation. Peter Pears, who is best known for his DCM skills, is highly active in structured notes, which includes work on structured products programmes for North American and European banks, as well as repack programmes and associated regulatory matters.
Legal 500 Editorial commentary
Testimonials
Collated independently by Legal 500 research team.
‘They have been our main counsel on the back-leverage side and have a very detailed understanding of our structures.’
‘Nanak Keswani - What sets him apart in particular is that he fully understands commercial imperatives and financial considerations and how they may translate to the documentation. David O'Connor - Gives pragmatic advice and knows which points to push on.’
Key clients
- Australia and New Zealand Banking Group
- Barclays Bank plc
- Bank of Montreal
- BNP Paribas
- Citi México (i.e. Banco Citi México, S.A., Institución de Banca Múltiple, Grupo Financiero Citi México)”
- HSBC
- ISDA (International Swaps and Derivatives Association)
- Japan International Cooperation Agency
- JP Morgan
- Landesbank Baden-Württemberg
- National Bank of Canada
- Northern Trust
- Nordea Bank
- Macquarie
- Standard Chartered Bank
- Unicredit
Work highlights
Advised an array of clients globally on the provision of ISDA netting opinions relating to international financial institutions (IFIs) that enter derivatives transactions under the ISDA Master Agreement and related collateral arrangements, drawing on the ISDA IFI Opinions, which are comprehensive and authoritative base opinions covering the general legal framework and principles applicable to IFIs under English law and New York law.
Represented Banco Santander Chile in an innovative credit risk sharing facility, involving collaboration with IFC and PGGM to achieve capital relief for the bank while increasing mortgage lending to women in Chile, a financially underserved segment.
Advised Santander in relation to an issuance of two series of credit-linked notes, Series 2024-A and 2024-B. Series 2024-A and Series 2024-B were related to one of the Santander's core business lines in recent years has been its automobile loan business.
Lawyers
Hall of Fame
The lawyers at the very top of the profession, widely known and respected by peers and clients for their longstanding involvement in market-leading work.
Next Generation Partners
Junior partners with significant recognition from clients and peers in the market and key roles on multiple matters.
Practice head
Edmund Parker
Other key lawyers
Nanak Keswani; Musonda Kapotwe; Peter Pears; David O'Connor