Eduardo Barrachina is a senior associate in the Firm's Capital Markets Practice in London and is an English and Spanish qualified lawyer. Eduardo specialises in OTC derivatives and structured finance transactions, covering different products and instruments. He also has sound experience on multijurisdictional capital markets deals acting for the arranger, both conventional (EMTNs, Certificates of Deposit) and Islamic finance (Sukuks and Islamic CDOs). In addition, Eduardo's experience also covers acting for the rating agency in CMBSs and other structured finance transactions. His international experience includes five months in a top Indian law firm in Delhi in 2003. Prior to joining the Firm in October 2007, Eduardo worked in the finance group of an international US law firm in London. Eduardo qualified in the international securities group of a leading UK law firm in December 2005.
With a reputation for being a tough and conscientious negotiator and commercially astute, Eduardo specialises in derivatives and related products across all formats, in particular credit and other fixed income derivatives, repackaging of financial assets, TRS and other collateralised funding structures and regulatory capital transactions.
Eduardo acts for a number of leading investment banks and large corporates amongst other clients.
Key areas of focus of Eduardo in the current market include the implementation of the derivatives regulatory reform, including the proposed EMIR changes, the BRRD, the BMR and Brexit, close-out advice and legal aspects in respect of emerging market assets. Eduardo has also solid experience in working with structured products and derivatives in emerging markets like Mexico, the Middle East, Brazil or Turkey.
Eduardo has spent a one-year secondment in the legal team of a leading US investment bank. Eduardo assisted the FX, currencies and futures team as well as the structured finance desk.
Eduardo also spent a two-year-long secondment at a leading French investment bank where he worked in the trading and derivatives group. During these two years, Eduardo provided legal support to different global markets business desks, with a particular focus on master agreement documentation (standard and ad-hoc), credit derivative swaps (documentation and credit events), collateral support documentation, repurchase transactions and stock lending and synthetic securitisations. In 2008, Eduardo spent six months in the Firm's Frankfurt office dealing with English law aspects in international and German finance deals.
Eduardo is actively engaged in our Spanish country practice and acts a President of the Spanish Chamber of Commerce in the United Kingdom.
Represented a Mexican financial institution in a USD 250,000,000 bespoke repo transaction, facing a leading U.S. investment bank.
Advised a Turkish borrower in all hedging aspects in respect of a project finance deal in Turkey.
Represented the hedging counterparties (all international financial institutions) and the arrangers in relation to the issuance of the Series 2016-1 EUR 500,000,000 Covered Bonds due 4 May 2021 by Turkish issuer TÜRKIYE VAKIFLAR BANKASI T.A.O. VakıfBank's issuance was the first ever Euro-denominated Mortgage Covered Bond of Turkey making this deal a pioneer transaction in the international capital markets. This deal was awarded with the first prize under the category of "Award for Excellence: Debut" by The Covered Bond Investor Council and The Covered Bond Report magazine.
Extensive advice to the syndicate of hedging banks in respect of the initial public offering of Europcar on the regulated market of Euronext Paris, initiated by its principal shareholder, Eurazeo and the underlying revolving facility.
Advised to the hedging banks in relation to €550 million financing of an integrated healthcare campus public-private partnership (PPP) in Adana, Turkey.
Advised on the hedging aspects and the Contingent Value Rights in respect of New World Resources group (NWR), the central European hard coal producer, on the restructuring of the its balance sheet via a UK Scheme of Arrangement and a Rights Issue and Placing.
Advised B Communications Ltd. on all the hedging aspects in relation to its innovative debut US$800 million high yield bond offering, the first internationally marketed high yield bond to be listed on the Tel Aviv Stock Exchange, February 2014.
Derecho del Mercado de Valores (Securities Market Law), Difusión Juridica y Temas de Actualidad, April 2011
Fundamental Aspects of the new financial regulatory model in the UK, Economist & Jurist, December 2011