Tughans' banking, finance, and restructuring team specialises in advising both domestic and international clients in conducting debt structuring and implementation. To this end, the practice regularly engages in securitisation transactions of receivables portfolios. The ‘very accommodating’ Fearghal O’Loan leads the practice. O’Loan is a key contact for major financing facilities in Northern Ireland in conducting secured and unsecured lending. Douglas Anderson regularly engages in drafting and negotiating loan market association facilities agreements in the real estate and energy sector. Julie Huddleston is ’very approachable and will always provide sound advice’ and has particular focus on real estate finance and cross border lending.
Legal 500 Editorial commentary
Testimonials
Collated independently by Legal 500 research team.
‘Experienced banking team who are strong on loan market association advisory and assisting with protecting the bank in complex transactions.’
‘The network of solicitors available in the practice with their wide legal knowledge over a number of jurisdictions ensures they are a go-to for our company no matter the complications of the case. The team is very approachable and meet deadlines set on an ongoing basis.'
- 'The individuals are professional in their approach and very positive to deal with. Potential problems are highlighted at an early stage, with workarounds put in place if possible.'
‘They are willing to provide advice and recommendations on all banking transactions, the team are knowledgeable and also easy to approach. ’
‘Experienced and knowledgeable people. Commercial in their approach and ability to get things done whilst managing the risk.’
‘Very knowledgeable, skilled and experienced staff who will always provide sound advice and guidance. Always very easy to deal with.’
‘Julie Huddleston is my main contact. She is always extremely helpful and will go above and beyond to ensure the transaction completes within the timeframe by working closely with all parties involved. She is very approachable and will always provide sound advice and guidance on any matter.’
‘Ferghal O'Loan is great. Very accommodating and really thinks through issues. Develops trust.’
Key clients
- New Wave Capital Limited
- Barclays Bank UK PLC
- Goldman Sachs International
- Weev.ie Ltd
- Wineflair (Belfast) Limited
- National Westminster Bank Plc trading as Ulster Bank
- Victoria 1 Ltd
- Upstream Working Capital Limited and Upstream Trade Finance Limited
- Diageo Northern Ireland Limited
Work highlights
- Acted on behalf of New Wave Capital Limited as the originator of a portfolio of UK credit card receivables and the securitisation of the portfolio including the issuance of the notes by London Cards No. I Plc which were listed on the London Stock Exchange.
- Acted on behalf of Barclays Bank UK Plc in its capacity as seller and originator in respect of the securitisation of a portfolio of residential mortgage-backed loans by the lender and the public issuance of notes by Pavillion Mortgages 2022-1 PLC.
- Acted on behalf of Goldman Sachs International, as the arranger and a joint lead manager of the jumbo securitisation.
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Practice head
The lawyer(s) leading their teams.
Fearghal O’Loan