Rupert Wall

Practice Areas

Rupert Wall is head of Sidley’s Global Finance group in Europe.

Rupert has considerable experience in structured finance transactions involving a diverse range of asset classes (including trade, consumer, and other secured and unsecured receivables; auto, student, aircraft, shipping, corporate, mid-market/direct lending and other loans and leases; vehicle rental fleets; and residential and commercial mortgage loans) encompassing a wide range of structures (including RMBS, CMBS, ABCP conduits, covered bonds, whole-business securitisations, and CLO/CBO/CDOs). Rupert advises fund sponsors, arrangers, originators, investment managers and investors on all aspects of securitisation, structured finance, asset-backed lending, fund financing and derivatives. He also advises counterparties in relation to general capital markets issuances, leveraged finance transactions, and portfolio transactions (both performing and distressed/non-performing).

Rupert’s recent experience includes acting for:

• LahiTapiola, a leading Finnish mutual finance and insurance group, on each of its three STS securitisations of Finnish auto loans securitised through the Tommi 1, Tommi 2 (2022) and Tommi 3 (2022) public, STS securitisations.

• A leading UK investment bank on its financing of single managed accounts (SMAs) secured on multibillion Euro portfolios of direct lending loans for a large sovereign wealth fund managed by two top-tier alternative asset managers (2022).

• CVC Credit as investment manager to various of its recent European CLO transactions, including Cordatus 8-R, Cordatus 9-R, Cordatus 18, Cordatus 19 and Cordatus 21 (2020 – 2022).

• A European investment bank and a Swedish performing and non-performing loan manager on the establishment of a securitisation of UK non-conforming loans (2021).

• A European investment bank on multiple repacks/structured products secured on UK commercial real estate revenues (including the origination of the underlying commercial real estate leases and interests) (2020 – 2021).

Publications

Rupert is also the author of several academic and commercial securitisation guides, including the England and Wales chapter of the International Comparative Legal Guide to Securitisation every year since 2012 (for which he has been contributing editor since 2020) and various Practical Law (PLC) guides and articles on securitisation (including the England and Wales chapter of the “Q&A Guide to Structured Finance and Securitisation”, the “CLO: Overview” Practice Note, as well as the “Securitisation: regulatory framework and reforms” Practice Note).