Herbert Smith Freehills LLP

Herbert Smith Freehills LLP focuses on complex year derivatives transactions for high-profile clients, among them Deutsche Bank. The team led by standout partner Nick May also acts for corporates, funds and insurance companies in matters concerning a wide variety of underlying products and jurisdictions, including emerging markets. Its work includes strategy equity transactions involving derivatives technology, as well as margin loans, credit-based pre-payment triggers and collateralisation terms. May and of counsel Nick Rutter recently advised Deutsche Bank on a landmark €1bn financing to Turkish energy company Botas, which involved complex complex financing techniques such as credit-based LTV margin pre-payment triggers. May also advised Phoenix Group on a major collateral optimisation project, which involved repapering ISDA/CSA arrangements across 15 or more counterparties.