England - London • Industry focus

McDermott Will & Emery UK LLP

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McDermott Will & Emery UK LLP has an emerging markets group that is 'very professional and ready to offer tailored services and adapt to client needs'. The lawyers are 'supportive, technically flawless, and practical', according to one client. The multi-disciplinary practice handles capital markets, M&A, and finance transactions, and supports development projects in many sectors. Lead partner Ranajoy Basu is 'available, approachable, responsible, and friendly, and he is able to guide negotiations in a very efficient and pleasant way.' He worked with Priya Taneja to assist United Nations High Commissioner for Refugees (UNHCR) with setting up a $500m sharia-compliant fund. Litigators Andrew Savage  , who handles commercial and finance disputes and international arbitration, and Michael Darowski, who handles cross-border investment disputes, frequently handle contentious matters in emerging markets. Banking and finance partner Mark Fine and counsel Romilly Holland, who is 'technically strong and a joy to deal with', are also highly recommended.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • 'They have the ability to grasp complex problems quickly and provide outstanding quality work.'
  • 'Romilly Holland is technically strong and a joy to deal with.'

  • ‘Very good and professional team, ready to offer tailored services and adapt to client needs.’

  • ‘McDermott Will & Emery has provided extraordinary support to us in a groundbreaking development finance initiative to help fund development projects in emerging markets. They have been invaluable - from structuring to signing, they have been supportive, technically flawless, and practical. Their global team has helped guide negotiations and hosted events for us in the Middle East, Switzerland, London, and New York.'

  • 'They have really gone over and beyond for us at every step of the way, and we have benefitted enormously from their expertise, practice, and contacts in development finance and emerging markets. They are always happy to help, incredibly responsive, and technically sophisticated. We often work in frontier markets which are challenging and require innovation, agile thinking, and creativity - the McDermott team has excellent at all of these points. More than any other firm we have worked with, they really seem to be one team: their advice is prompt, coordinated, and ready-to-use. The project would not be as advanced as it is but for their help.’
  • ‘Ranajoy Basu has been incredible. His expertise in emerging markets and development finance is unique: he has long experience working with and in frontier markets. And he has a unique level of experience working for international organisations and UN agencies - development finance in emerging markets is a new and growing field for international organisations, and and we have benefited greatly from Ranajoy's experience and expertise.'

  • 'Ranajoy Basu is very available, approachable, responsible, and friendly - it is a pleasure to have meetings and calls with him, and he is able to guide negotiations in a very efficient and pleasant way. He has also been very effective at marshalling the entire firmwide network of McDermott, from partners to business teams, to help us with meetings, events, and negotiations around the world. Simply put, he makes things happen.'

  • 'Priya Taneja has been tremendously helpful in negotiations and drafting sessions. She brings a lot of excellent technical knowledge and a practical approach to the work, and really helps move things forward. She guides associates and trainees very well, and is great at case management and keeping clients informed of the practical sides of engagement.’

Key clients

  • AIC Limited
  • British Asian Trust / Ground-breaking Skills India Impact Bond.
  • Citibank, N. A. London Branch
  • GLAS Trustees Limited
  • Innovative International Acquisition Corp.
  • Ministry of Energy and Natural Resources of the Republic of Albania
  • Petrochemical Holdings GmbH
  • PT Pertamina EP Cepu
  • ReNew Energy Global Plc
  • The Humanitarian Finance Forum (HFF)
  • United Nations High Commissioner for Refugees (UNHCR), The United Nations and the Islamic Development Bank (IsDB)
  • Womanity Foundation

Work highlights

  • Advised UNHCR and IsDB in relation to an innovative $500 million Shariah compliant global fund (the Fund) to address the developmental and humanitarian needs of over 100 million forcibly displaced people. McDermott acted for the United Nations as lead counsel to the transaction.
  • Advised Innovative International Acquisition Corp., a publicly traded special purpose acquisition company, in relation to its entry into a definitive merger agreement with Zoomcar, Inc., the world’s largest emerging market focused car sharing platform.
  • Advised GLAS Trustees Limited (GLAS) in its various capacities with respect to a high-profile US$1.1.25 billion restructuring for Nostrum Oil & Gas plc (Nostrum), an LSE-listed independent oil and exploration & production company in northwest Kazakhstan.

Lawyers

Leading individuals

Ranajoy Basu

Ranajoy Basu

McDermott Will & Emery LLP

Partner Ranajoy Basu focuses his practice on structured finance with key experience in debt capital markets transactions. He has a broad range of experience in international capital markets advising a wide range of participants, including arrangers, originators, servicers and trustees, in connection with the securitisation of a wide variety of assets in numerous jurisdictions, including emerging markets transactions. Ranajoy has a particular focus on emerging markets transactions, and is recognised as an industry leader by both, Legal 500 and Chambers. He joins as the Head of the Firm’s India practice. He regularly advises on a broad range of capital markets and complex structured finance transactions including external foreign currency convertible bonds (FCCBs) and qualified institutional placements (QIPs) relating to India. He has advised banks on some of the largest corporate debt defaults and restructuring in India. Ranajoy is recognised as one of the World’s leading lawyers in cross-border social impact finance structures, including social and development impact bonds, renewable energy and “green” structured finance transactions. Ranajoy has advised on some of the most innovative financial inclusion structures around the world, including the Educate Girls Social Impact Bond, which aims to improve the education of children in India, and the recent ground-breaking Utkrisht Bond, which is aimed at reducing maternal and infant mortality. Ranajoy continues to advise foundations, governments, NGOs, impact funds and financial institutions on structuring social impact finance solutions. He recently advised on the ground breaking International Finance Facility for Education, which is the largest funding mechanism targeting education programmes around the world. Ranajoy is recognised as a pioneer in impact investment. His work has included the market leading ‘Educate Girls’ bond which was the first development impact bond of its kind. His clients have ranged from GAVI, UNICEF, World Bank, IFC, to governments, financial institutions, funds, charitable institutions, NGOs and microfinance institutions around the world. He has been involved on ground breaking work for Wattpad, Theirworld and The Global Business Coalition for Education. View more at: https://www.mwe.com/people/ranajoy-basu/

Practice head

The lawyer(s) leading their teams.

Ranajoy Basu

Other key lawyers

Priya Taneja, Andrew Savage, Michael Darowski, Romilly Holland, Mark Fine