Corporate Trust

The Simmons & Simmons corporate trust team has acted for many years for corporate trustees, in all business cycles, on a wide variety of transactions, defaults and disputes.

Specialist Expertise

We act and have acted for leading members of the corporate trustee community on matters such as:

  • corporate bonds, including straight one off corporates, issues under MTN programmes and convertibles, with issuers in many jurisdictions (eg UK, India, Philippines, Eastern Europe)
  • MTN programmes for SPVs – trusteeships on numerous repackaging programmes
  • securitisations – e.g. UK mortgage backed, “data trustee” under German securitisations, representations of noteholders under Italian and Portuguese securitisations
  • covered bonds
  • CDOs/CLOs
  • commodity linked securities
  • security trusteeships
  • tender/exchange offers
  • analyses of large numbers of transactions for triggers in the light of ratings downgrades
  • acceleration of bonds, enforcement of security, etc
  • disputes and court hearings over the effectiveness of subordination and  inter class issues and over the meaning of provisions of securities
  • disputes and court hearings with issuers
  • disputes and court hearings with Bondholders/informal committees
  • consensual refinancings
  • schemes of arrangement and similar arrangements in other jurisdictions.

Experience

  • advice on defaults in the UK, the Netherlands, Ireland, Italy, Poland, Bulgaria, Jersey and other jurisdictions
  • physical and synthetic ETFs structured as secured debt
  • CLOs with reference obligations being pools of loans in the eurozone
  • UK mortgage securitisations.