McDermott Will & Emery UK LLP has a small high yield practice that calls upon debt capital markets generalists Ranajoy Basu, who heads the team, and Priya Taneja, who 'provides specific thoughtful advice'. The firm occasionally acts for issuers and arrangers, but the majority of its work on high yield products is for corporate trustees and agents. Philip Corser, who is a key adviser on securities regulations and corporate reorganisations, provides vital support to the two main partners.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • 'Good solid team with excellent skills on transactions.'
  • 'Ranajoy Basu is an outstanding lawyer – all round excellent at the role. Priya Taneja is an excellent lawyer, good attention to details.'
  • ‘The MWE team provides active advice and a work product above what we see from other firms.’
  • ‘Priya Taneja is a standout contributor for the team. She provides specific thoughtful advice and is attentive and timely with her documents. She has hit the ground running as partner.’

  • ‘Incredibly responsive and flexible.’

  • ‘Priya Taneja provides pragmatic and commercial advice on high yield bonds, where timescales are very tight and stress levels can be high.’

Key clients

  • Madison Pacific Trust Limited
  • Deutsche Bank AG, London Branch
  • HSBC
  • Citibank, N.A., London Branch
  • Bank of New York Mellon
  • Deutsche Bank Trust Company Americas
  • Deutsche Trustee Company Limited
  • Wilmington Trust (London) Limited and Wilmington Trust, National Association
  • Kroll Trustee Services Limited
  • U.S. Bank Trustees Limited
  • GLAS Trust Company LLC
  • Law Debenture

Work highlights

  • Advised Madison Pacific Trust Ltd on its duties as security agent and bridge notes trustee during the intricate restructuring and recapitalisation of Frigoglass S.A.I.C.
  • Advised GLAS on its multifaceted involvement as note agent, security agent and cash manager in relation to a successful restructuring for the Digicel Group.
  • Acting for Citibank as trustee, authenticating agent, paying agent, receipt paying agent, transfer agent and registrar with respect to KEVLAR S.P.A’s offering of its senior secured notes due 2029 for an aggregate principal amount of $790m.

Practice head

The lawyer(s) leading their teams.

Ranajoy Basu

Other key lawyers

Priya Taneja, Philip Corser