Maples Group

Maples and Calder (Luxembourg) SARL, the Maples Group's law firm in Luxembourg, is pleased to announce that its Luxembourg Finance team has successfully advised ICG on the Luxembourg legal aspects of a new capital call facility provided by HSBC Bank PLC. This facility will refinance an existing facility from HINV and will be structured as a securitisation for EU/UK Securitisation Regulation purposes, with HSBC holding the senior tranche and ICG the junior tranche. This was the first capital call facility structured as such for ICG. The new capital call facility represents a sophisticated fund finance instrument, reflecting a growing trend in the market towards embracing securitisation as a viable financing option, whereby the securitised assets are the fund’s exposure to its investors’ capital calls, satisfactorily addressing regulatory constraints bearing on institutional lenders. The Group’s multi-disciplinary team provided Luxembourg counsel to ICG on legal matters regarding all aspects of this significant capital call facility refinancing. The team was led by co-head of the Luxembourg Finance team, Arnaud Arrecgros, with assistance from Associates Arina Belikova and Maurice Honnen. Arnaud said, "We are delighted to have advised ICG on this transaction. Structured as a capital call facility, this deal highlights a trend we have been observing for several years and is an exciting realisation of an innovative approach that was anticipated by the fund finance community for the past couple of years. Our extensive experience in advising both lenders and borrowers on numerous similar transactions underscores our solid expertise in this evolving market. We take great pride in our Luxembourg team's ability to leverage on this occasion their deep knowledge in both fields of practice, fund finance and structured finance, consistently delivering exceptional service and innovative solutions to our clients." Latham & Watkins provided US and UK legal counsel to ICG. Clifford Chance London, Luxembourg and New York provided US, UK and Luxembourg advice to HSBC. Maples and Calder (Luxembourg) SARL provides full service legal advice on Luxembourg matters and has dedicated practices in Corporate, Finance, Funds & Investment Management and Tax, with a deep bench of highly experienced lawyers on the ground. The Maples Group also provides fund and fiduciary services from Luxembourg and the breadth of its combined international capabilities along with its ability to advise on multi-jurisdictional transactions continues to set the law firm apart from its local counterparts.

The Maples Group is proud to announce that one of its Partners, Nick Holland, has been named among eprivateclient's 50 Most Influential 2025. The list recognises the leading practitioners in the private client industry and shows the breadth and depth of talent at the forefront of the private client professions today. Notably, Nick was the only Caribbean-based lawyer to be included in the list. Nick, global head of the Trusts & Private Client team and based in the Group's Cayman Islands office, has a well-established practice, with clients in Asia, the Middle East, Europe and the Americas. He has extensive experience advising institutional trustees, private clients and other market advisers on complex, multi-jurisdictional matters. A highly experienced lawyer, Nick has worked in the UK, Cayman Islands and Canada. In addition to his practice, Nick is a member of the International Academy of Estate and Trust Law (TIAETL) and the Society of Trust and Estate Practitioners (STEP). He has taught at the University of Western Ontario and University College of the Cayman Islands. Commenting on the accolade, Nick said, "It is a privilege to be included in this prestigious list and to be ranked among other influential leaders in the private client field. I wish to extend my gratitude to eprivateclient for this recognition and to congratulate my fellow recipients on their own ranking." The Group's international Trusts & Private Client team advises on the laws of the BVI and the Cayman Islands, working with some of the world’s largest private businesses, individual private clients, institutional trustees and other fiduciary service providers on matters concerning all types of private wealth trusts, commercial trusts, estate planning structures, trusts and fiduciary arrangements and trust litigation.