Chris McGarry | White & Case LLP International Law Firm, Global Law Practice

Chris McGarry

Partner, London

T +44 20 7532 1491

E [email protected]

Overview

Chris McGarry advises arrangers, issuers and sponsors on securitisations including collateralised loan obligations, all types of consumer asset-backed securities, residential mortgage-backed securities, trade receivables and esoteric assets classes such as commodities, telco receivables, tax receivables and whole-business securitisations. Chris is a Knowledge Partner to the G20 Sustainable Finance Study Group and in this role co-authored the G20 White Paper on the development of a sustainable CLO market to implement the Paris Agreement. His practice covers both developed markets and emerging markets.

Bars and Courts

  • Solicitor, England and Wales

Education

  • LLB, University of Edinburgh
  • LPC & PGDL, BPP Law School

Languages

  • English

Experience

Representative transactions include advising:

Arrangers and managers on >50 EUR CLO 2.0s. Recent 2018 transactions include advising:

  • Bank of America Merrill Lynch as arranger of Milltown Park CLO for Blackstone / GSO
  • Bank of America Merrill Lynch as arranger of Harvest CLO XIX for Investcorp
  • BNP Paribas as arranger of Jubilee CLO 2018-XX for Alcentra
  • BNP Paribas as arranger of the reset of Contego CLO III for Five Arrows
  • J.P. Morgan as arranger of the refinancing of Barings EURO CLO 2016-1
  • J.P. Morgan as arranger of the reset of BlueMountain EUR CLO 2016-1 for BlueMountain
  • Morgan Stanley as arranger of the reset of Harvest CLO XV for Investcorp
  • Morgan Stanley as arranger of the reissue of Man GLG Euro CLO I for GLG

The Bank of England and The People's Bank of China in our capacity as Knowledge Partner to the G20 Sustainable Finance Study Group responsible for developing new global rules for sustainable CLOs and securitization.

Trafigura on the establishment of the world's first "true sale" commodities securitisation programme financing crude oil and refined metals inventories in jurisdictions across Europe, the Middle East and Asia-Pacific.

The Government of Ghana on the establishment of the E.S.L.A energy levy securitisation programme.

Barclays on the securitisation aspects of Shop Direct Funding plc's debut Senior Secured Notes offering.

Virgin Media on the establishment of the first UK handset loan securitisation.*

Virgin Media on the establishment of the world's first Receivables Financing Notes programme.*

Shop Direct on their UK consumer receivables securitisation programme.*

Bank of America Merrill Lynch and Morgan Stanley as arrangers on Lloyds Bank's credit card securitisation programme.*

Bank of America Merrill Lynch and Deutsche Bank as the arrangers of the first Irish credit card securitisation for AIB.*

Europcar on their pan-European rental fleet securitisation.*

Kensington on their RMBS programmes.*

Jerrold Holdings / Together on the establishment of their RMBS programme.*

*Matters worked on prior to joining White & Case

Awards & Recognition

Legal 500 2018 "Leading Individual for securitisation"

Winner STANDOUT deal in 'accessing new markets and capital'

FT Innovative Lawyers Awards Europe 2018

Individually "Commended"

FT Innovative Lawyers Awards Europe 2018

Winner Commodity Trading Company Deal of the Year

TXF Awards 2018

Winner Best Deal

Trade Finance Awards 2018

Winner Best Deal

Global Trade Review Awards 2018

Winner Structured finance and securitisation deal of the year 2018

IFLR Asia

Shortlisted for Finance Team of the Year 2018

The Lawyer

Shortlisted for Finance Team of the Year 2018

Legal Business

Winner Finance Team of the Year 2017

Legal Business 2017*

Winner High Yield Deal of the Year 2017

IFLR 2017*

Shortlisted for Structured finance and securitisation deal of the year 2017

IFLR*

Shortlisted for Structured finance and securitisation team of the year 2017

IFLR*

*While at a previous firm