Banking and Finance
BTO's Banking & Finance has extensive experience in the Scottish and wider UK banking and finance markets, providing expert legal advice to lenders (including UK clearing banks, European banks, venture capital providers, boutique lenders and other public and private funders) and borrowers. We deal with a wide range of transactions, no matter the complexity and value. Our experience of the sector enables us to ensure that our clients' interests are protected and their commercial aims achieved.
"I genuinely gravitate towards BTO. Not only are they competitive but when quotes change, I know early on." (Chambers UK)
BTO’s banking team provides specialised advice across the full range of industrial, commercial and public/private sectors. The team works along with and supports other specialists within the firm to provide our clients with a tailored service and innovative solutions. "They're just very accessible and focused on getting things done. For any issues that come up, they're always willing to give their input and are more than happy for me to run a scenario past them." (Chambers UK)
In the increasingly complex world of banking and finance, it helps to have legal advisers with a solid understanding of that marketplace and the financial structures it utilises. "They work better and closer with us every year." (Chambers UK)
Contact: Nicolas McBride, Partner nmb@bto.co.uk T. 0141 221 8012
Experience
- Advising on all aspects of corporate and property banking work
Acting for clearing/boutique Banks, borrowers, investors and syndicated lenders. Acting for specialist lenders in the historical buildings/BPTsector.
We act for a global shipping company and advised in connection with the Scottish security aspects involved in their new global banking facility. Facility value - $1billion.
- Developer/Investor clients
Acting for a client company in connection with the refinance of loan facilities of with their Bank, secured over large residential property portfolio. Facility value - £23M.
- Social housing sector
Advising clients in relation to security work on facilities involving a deal of £80M in value. The team is renowned as social housing banking sector experts by all of the major clearing Banks.
- Renewables
Acting for a European Bank in relation to all banking and diligence aspects (corporate, banking land and project) of a multi-turbine wind farm. This involved complex and detailed due diligence to complete a water tight project finance deal. Facility value circa £12M.
- Ethical and social finance
Acting for an “ethical” Bank in multiple lends to charities and third sector organisations.
- Pension schemes
Act for clearing banks in their lending transactions to pension schemes and have tailored specific protocols and fee structures with Bank clients in relation to pension scheme lending.
- Insolvency and restructuring
We are frequently appointed by at the direction of the main secured creditor Banks or on the recommendation of the Bank’s preferred Insolvency Practitioner to enforce securities and recover possession of property.
- Licensed/leisure sectors
We are instructed by a major clearing Bank in their leisure sector recovery proceedings and advise our banking clients on licensing aspects of licensed premises lends. Most recently have been acting for a major Bank client in relation to a number of hotels – recovering possession for the Bank, advising on licensing aspects and dealing with the ultimate sales of the properties.
