Dechert LLP stand out for 'its efficiency, the deep commitment of its lawyers, its transparency and good governance'. The firm has a prominent role in debt issuance and other financing structures in key emerging markets, among them Thailand, Malaysia, Chile, Mexico, Russia, Ukraine and Kazakhstan. Head of International capital markets Patrick Lyons and emerging partner talent Jennifer Rees exhibit 'proven efficiency and knowhow so as to make deals a real success'. They recently acted for BNP Paribas, Citi, JP Morgan, and Deutsche Bank in a dual-tranche debt offering by the Kindom of Morocco, with a total value in excess of $2.5bn. This was the country's first issuance since December 2020. Lyons and outstanding associate Amy Rees assisted JSC Ukrainian Railways on two consent solicitations, concerning a total of $895m in loan participation notes issued by Rail Capital Markets plc. The firm's high-profile work for sovereign issuers included advising the Hashemite Kingdom of Jordan on its GMTN programme and the issuance of $650m in notes.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

'The firm has always shown its efficiency, deep commitment of its lawyers, transparency and good governance and the know-how of its teams. Dechert compares favourably with other firms since it is familiar with the Moroccan laws and acquainted with the different views and positions of our department concerning certain legal provisions and issues since it has been involved in several Moroccan bond issues.'
'Patrick Lyons and Jennifer Rees are the most impressive individuals with whom we have dealt with during the preparation and the execution of all the deals. They have proven efficiency in terms of the tasks that had been assigned to them particularly elaborating due diligence questionnaire, reviewing all legal documentation, showing knowhow with regard to the subject area, providing advice and accompanying our legal adviser so as to make the deals a real success.'

Key clients

JSC Development Bank of Kazakhstan
Hashemite Kingdom of Jordan
Sindicatum Renewable Energy Company PTE
Guarantco
Sultanate of Oman
The Kingdom of Bahrain
JSC “National Company “Kazakhstan Temir Zholy”
Eurohold Bulgaria AD
JSC Ukrainian Railways
BNP Paribas
Thrive Networks
Kinross Gold
M1
Iconix Brand Group, Inc.
QX Global Group

Work highlights

Advised the Hashemite Kingdom of Jordan in connection with the establishment of the Kingdom’s Global Medium Term Note Programme and the issuance of U.S.$650 million of notes thereunder.
Advised the Joint Lead Managers on the Kingdom of Morocco’s U.S.$2.5 billion dual tranche of Notes, due 2028 and 2033.
Advised JSC Ukrainian Railways on two consent solicitations: one in relation to its U.S.$300 million 7.875%. Loan Participation Notes due 2026; and another relating to its U.S.$594.9 million 8.250% Loan Participation Notes due 2024.