Christopher Czarnocki

Partner, London


“Christopher Czarnocki stands out for his work on behalf of lenders and borrowers in emerging markets. He is also well regarded for his aptitude handling structured and commodities financings.”
Chambers UK 2017


A partner in White & Case's Debt Finance practice group in London, Chris has extensive experience in a broad range of debt and equity finance transactions.

He has a strong track record advising on structured trade and commodity finance, real estate and asset finance, acquisition finance and general corporate finance in the emerging markets. He has represented a wide range of financial institutions, lenders and borrowers (including sovereigns) on syndicated, bilateral, secured and unsecured financings, including project finance.

For businesses involved in cross-border transactions, Chris brings particular knowledge and experience of emerging markets, including Africa, CEE, Southern Europe, Russia, CIS and Türkiye. This international exposure enables him to deliver the right measure of insight and value to financiers operating within and across foreign jurisdictions.

Bars and Courts
Victoria, Australia
England and Wales
Monash University
Monash University
Monash University


Puma Energy
Advised Puma Energy on its US$800 million revolving credit facilities and the extension of the three-year tranches of its 2015 US$1.25 billion corporate facilities.

US$3 billion financing for the Republic of Ghana
Advising the Republic of Ghana on a US$3 billion financing provided by China Development Bank.

US$700 million prepayment structure from GNPC
Advising Trafigura on a proposed US$700 million orphan SPV prepayment structure for oil experts from Ghana National Petroleum Company (GNPC). The mandate includes both the prepayment element facing GNPC and the bank-facing role for the syndicated loan financing the prepayment.

The Republic of Senegal
Advised the Republic of Senegal, acting through the Ministry of Economy and Finance, as the borrower under a €150 million bridge to a bond facility provided by Credit Suisse AG, London Branch, which is to be used to finance various infrastructure projects in the Republic of Senegal.

US$100 million term loan facility to an African telecommunications company
Advised the international lenders in connection with a US$100 million senior secured term loan facility to a telecommunications company with operations in The Gambia, Sierra Leone, the Democratic Republic of Congo and Uganda.

US$1.6 billion facility agreement
Advised Cukurova Finance International Limited on a US$1.6 billion facility agreement for the purpose of redeeming shares in Turkcell.

RUB1 billion syndicated financing to Şişecam Group
Advised Bank of Tokyo-Mitsubishi UFJ, Ltd. as arranger and lender of a RUB1 billion syndicated financing extended to three Russian subsidiaries of Şişecam Group, one of the world’s leading glass producers.

US$700 million term loan facility for Rusal
Advised Russian corporate Rusal, the world's largest aluminium company, on its debt raising of a US$700 million term loan facility.

US$750 million financing for Trafigura Peru
Advised Trafigura Peru, part of Trafigura, the world's largest private oil and metals trader, in a secured borrowing base financing of up to US$750 million, which was arranged by Natixis and ABN Amro.

€160 million facility agreement for European producer
Advised BNP Paribas on a €160 million term and revolving senior facilities agreement. as part of the acquisition of a leading European producer of ultra-high strength steel fasteners by a Chinese investor.


International trade finance: commercial letters of credit and independent payment undertakings, Practical Law Company, 2012

Syndicated Lending Terms – A (Necessary) Shift in Power?, Bankers' Law, November 2009, An article exploring the effects of market developments on loan documentation

An Examination of Market Disruption Clauses, Bankers' Law, March 2009, Article on the effect of the credit crunch on market disruption clauses

Awards and Recognition

Leading Individual, The Legal 500 UK 2016
Finance – Emerging Markets

Leading Individual, The Legal 500 UK 2016
Finance – Trade Finance

Leading Lawyer, Chambers UK 2017
Banking & Finance – London

Leading Lawyer, Chambers UK 2017
Commodities – Trade Finance