Paul-Michael is an Internationally recognised dual-qualified (English/New York law) expert in Finance/Corporate Finance specialising in debt and equity capital markets, securitisation and structured products. He has advised on over US$ 300 billion in transactions over the last 15 years.
Paul-Michael advises corporates, financial institutions, rating agencies and other market intermediaries creating bespoke products tailored to meet specific business, legal, regulatory and jurisdictional needs of his clients in a broad number of sectors including but not limited to finance, commercial and residential real estate, infrastructure, energy, automotive, aircraft, rail, consumer finance, insurance, renewables, healthcare and technology.
As a result of Paul-Michael’s experience in investment banking, he has particular expertise in helping companies create and implement optimal funding strategies especially given his expertise in a broad base of capital markets/securities products/solutions that can be adapted to clients’ specific needs.
Paul-Michael is a legal professional of the highest integrity. He is intensely dedicated to completing legal assignments and always remains personally involved such that you never feel as if he was involved only to obtain the assignment before handing you over to less experienced staff.
Richard Goldthorpe, Managing Director, Structured Finance at Cantor Fitzgerald Co.
Paul-Michael is described as ‘a brilliant and knowledgeable securitisation lawyer’. He is ranked as a leader in his field.
Chambers UK
Expertise
- Corporate finance
- Capital markets (debt/equity)
- Securities (debt/equity)
- Project finance
- Securitisation
- Structured products
- Banking
- Private equity
- Banking regulatory
- Credit and equity derivatives
Experience
Finance
- Advised a large UK bank in setting up and operating a £30 billion Euro Medium Term Note Programme.
- Acted on behalf of a large Italian corporate in the restructuring of its 300 million euro EMTN Programme.
- Advised over 25 financial institutions in setting up and operating asset-backed commercial paper platforms each between US$ 3 billion and US$ 25 billion, in order for them to fund their corporate operations.
Commercial Real Estate
- Advised a large UK bank in connection with the restructuring of £1 billion of Spanish commercial mortgages.
- Acted on behalf of the issuer, the originator and the borrowers in the offering of £440 million commercial mortgage-backed floating rate notes backed by UK Commercial Mortgages.
- Advised an Italian bank in connection with the securitisation of Euro 400 million of Dutch, UK, French and German commercial mortgages.
- Acted on behalf of a UK financial institution in the securitisation of up to £1 billion of own originated commercial mortgages, on a rolling basis.
- Advised a large Australian corporate in connection with its £200 million junior investment in a securitisation of UK commercial mortgages.
Residential Real Estate
- Advised a mid-sized residential real estate developer in obtaining and setting up a £200 joint venture with a large prestigious US hedge fund.
- Advised a start-up real estate developer in setting up and financing a Euro 40 million real estate platform.
- Advised an Italian bank in connection with the securitisation of £400 million of UK residential mortgages.
- Advised a Belgian bank in connection with a synthetic securitisation of Euro 1.6 billion portfolio of Dutch residential mortgages.
- Acted on behalf of a UK financial institution in the securitisation of up to £1 billion of own originated residential mortgages, on a rolling basis.
- Advised a Belgian bank in connection with structuring and documenting the purchase of $510 million portfolio of interests in US residential mortgages.
Retail
- Acted on behalf of a UK financial institution in connection with the securitisation of up to £353 million of own originated consumer loans, on a rolling basis.
- Advised a Belgian bank in connection with the securitisation of Euro 200 million of Irish consumer loan receivables.
- Advised the originator in connection with the securitisation of Euro 300 million of Russian consumer loan receivables.
- Advised a German bank in connection with the securitisation of Euro 250 million of Russian consumer loan receivables.
- Advised a Belgian bank in connection with structuring and documenting the purchase of US$ 500 million portfolio of revolving US credit card receivables.
- Advised a Belgian bank in connection with the purchase of US$ 300 million of credit card receivables.
- Advised a German bank in connection with structuring and documenting the purchase of Euro 130 million of interests in Czech Republic personal loans and credit card receivables.
Automotive
- Advised a German financial institution in connection with the securitisation of Euro 500 million of automobile loans and leases originated by the finance arm of a large German sports automobile manufacturer, on a rolling basis.
- Advised a large German luxury auto manufacturer in connection with the securitisation of Euro 350 million of US auto loans and leases.
- Advised a German bank in connection with structuring and documenting the purchase of US$ 533 million portfolio of interests in US auto receivables.
- Advised a German bank in connection with structuring and documenting the purchase of £236 million portfolio of interests in UK auto receivables.
- Advised a German bank in connection with structuring and documenting the purchase of Euro 400 million portfolio of interests in Japanese auto receivables.
Aircraft
- Advised a major European airline in the Euro 700 million securitisation of 35 Boeing and Airbus aircraft.
- Advised an Italian bank in connection with the securitisation of Euro 300 million of German ground leases.
- Advised a Belgian bank in connection with the securitisation of US$ 300 million of US slip-way airport leases.
Renewables
- Advised a UK financial institution in the monetisation of revenues from offshore wind valued at Euro 200 million.
- Advised a UK SME in creating and implementing an optimal funding strategy valued at £35 million in order to fund its Biomass energy operations.
- Advised a large US private equity house in a US$ 50 million investment in an Indian hydroelectric power plant.
- Advised a large US finance company in the deconstruction, moving and re-construction of multiple large turbines for a hydroelectric power plant valued at US$ 150 million.
- Acted on behalf of a large UK private equity house in the private placement of Euro 240 million asset-backed bonds to finance an Indian hydro-electricity plant.
Please note: The experience list above may include examples of work completed prior to joining Keystone Law.
Recognition
Throughout his career he has been regularly recognised as a leading practitioner by The Legal 500, Chambers UK and Chambers International, having led some of the top-ranked practices in his field.
Career
Paul-Michael qualified as a solicitor in Alberta Canada in 1985, in England & Wales in 2000 and in New York in 2000. Prior to joining Keystone Law in 2020, he worked at the following firms:
- Addleshaw Goddard
- Eversheds
- McDermott Will & Emery
- Baker & McKenzie
- Cadwalader Wickersham and Taft
- Clifford Chance
- Macleod Dixon (Norton Rose)