Financing transactions and financial services operate under detailed regulation and carefully negotiated documentation. A loan, a security package, a project financing or a new payment product each requires a precise understanding of both the commercial terms and the regulatory framework.
We advise lenders, borrowers, investors and financial technology companies on financing transactions and regulatory matters. Our work covers loan and security documentation, project and acquisition finance, capital markets instruments, payment and electronic money services, crowdfunding, crypto assets and the licensing and compliance of fintech businesses.
Scope of services
- 01Loan, credit and facility agreements
- 02Security packages, guarantees and collateral
- 03Project finance and acquisition finance
- 04Capital markets instruments and sustainable finance
- 05Payment services and electronic money
- 06Crypto assets and blockchain-based products
- 07Crowdfunding and alternative financing
- 08Licensing and regulatory compliance of fintech businesses
- 09Any other banking, finance or fintech matter
How we work
We combine a close reading of the financing documents with an understanding of the regulatory rules that apply to the parties and the product. Our aim is to close transactions on time, with terms that remain workable throughout the life of the financing.
Frequently asked questions
Security, such as pledges, mortgages, assignments and guarantees, gives the lender a priority claim over specific assets or persons if the borrower defaults. The type and scope of security depend on the transaction, the assets available and the applicable law.
In many jurisdictions crypto asset service providers are subject to licensing, registration or anti-money laundering requirements. The obligations depend on the services offered and on the jurisdictions in which the business operates or has customers.
Among other points, the borrower should review the interest and fee provisions, repayment terms, financial covenants, events of default, security requirements and any restrictions on the business during the term of the loan.
A financial covenant is an undertaking by the borrower to maintain certain financial ratios or limits during the loan. A breach may constitute an event of default, so covenants should be realistic and tested against the business plan.
Depending on the activity and the market, a fintech business may require a payment institution, electronic money or another type of licence or registration, as well as compliance with anti-money laundering rules.
In project finance, lenders rely mainly on the cash flows and assets of the project rather than on the sponsors. The level of recourse is negotiated and is often limited rather than completely excluded.