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In 2000, Freshfields Bruckhaus Deringer was formed through the merger of the leading law firms Freshfields (Great Britain), Deringer Tessin Herrmann & Sedemund (Germany) and Bruckhaus Westrick Heller Löber (Germany-Austria). This unprecedented merger of equals brings together more than 270 years’ experience, dating back to 1840 in Germany and 1743 in Great Britain.
Description of Service
Freshfields Bruckhaus Deringer’s structured finance group advises in connection with securitisations of all asset classes relevant to the German market, namely loan claims (including secured loans, consumer loans and sale financing) and leasing or trade receivables. The structured finance group's advisory range includes both true sale and synthetic transactions, conduit financing transactions (including the structuring of conduits) financed through the short-term commercial paper market, as well as term deals financed through the bond market.
In the context of the financial crisis, Freshfields Bruckhaus Deringer’s securitization team was and is involved in major restructuring measures of securitization transactions and securities portfolios, as well as the asset protection schemes of bank balance sheets against risks from ABS portfolios.
The advisory capacity of our securitization team includes all legal and tax aspects of an ABS transaction, as well as advice on specificities arising from the nature of the assets to be securitized, and finally all aspects of German and international capital markets law on issuance and placement of securities. Our clients in this area include banks arranging ABS transactions, trustees, swap counterparties, originators (e.g. lending banks or industrial companies) and rating agencies.