Capital Markets: Derivatives & Structured Products (International Firms) - China
What the team is known for
Ashurst boasts a solid structured finance and derivatives team which advises on OTC derivatives and CLNs among other products across the Asia-Pacific region, regularly drawing on the strengths of its regional offices to offer clients solutions to cross-border issues. Its expertise spans synthetic note issuances, mini-future warrants, total return swaps and credit default swaps. The team is well versed in assisting with large-scale repackaging programmes and frequently acts on behalf of international banks and Chinese asset management companies.
Strengths
"Ashurst know the market and are well experienced to provide advice on complicated matters. They deliver high-quality services."
"Ashurst is experienced in all major types of derivatives and structured products. Its advice takes into consideration both the bank's actual situation and needs, and market practices, so it is always pertinent and useful."
Work highlights
Ashurst assisted Natixis with setting up the new Clematis programme and advised on approximately 30 Clematis repack series issuances, in both note and loan formats.
Notable practitioners
Patrick Phua leads Ashurst's PRC structured finance, derivatives and regulatory practice, splitting his time between the firm's Hong Kong and Beijing offices. He advises clients on the setting up of equity and fund derivatives platforms and OTC commodity derivatives clearing houses, as well as advising more broadly on structured products and total return swaps. "Patrick offers in-depth technical expertise and handles various matters for us on a frequent basis. He is solid in legal knowledge and very good at solving issues from a practical perspective." "Patrick has a profound knowledge of the market and is capable of advising on complicated legal matters and providing practicable solutions."
Jonathan Chapman remains a solid adviser on matters relating to cross-border structured products. His clientele include global investment banks, investment managers and financial institutions. "I like that Jonathan was personally involved, providing a lot of oversight and jumping in where needed, while being very responsive and showing great attention to detail."
