James Hardy

Partner, London

Biography

Overview

James Hardy is a partner in the Firm's Banking Group in London. He is an emerging markets specialist with an established track record of advising both lenders and borrowers on a diverse range of financing arrangements in mature and (especially) developing or frontier markets throughout the financial cycle. Product coverage includes: corporate and sovereign lending; the full spectrum of structured trade and commodity finance (including: commodity prepayments; pre-export finance; borrowing base; receivables purchase); other structured finance (including margin loans); acquisition-driven financing; restructuring; and refinancing.

James sits on the LMA's documentation committee for both Developing Markets and Commodity Finance and has advised on financings with a value of over $62.5 billion in the emerging markets (of which over $12 billion in Africa and over $22 billion in the CIS), over $40 billion in the commodities sector and over $42 billion of acquisition-driven financings. He is noted in Legal 500 for trade finance.

Bars and Courts
England and Wales
Education
LPC
College of Law, Guildford
CPE
College of Law, Guildford
BA (Hons)
Modern Languages (French and Russian)
Oxford University
Languages
English
Russian
French

Experience

Afreximbank on: $650 million secured corporate loan financing to the Dangote Group; and a range of other corporate and structured trade financings.

Trafigura on: confidential oil and metals prepayment financings for commodities sourced in Russia, Africa, Latin America and elsewhere; and on secured borrowing base and other structured trade financings (including their up to $2 billion refined metals borrowing base financing from a syndicate co-ordinated by Deutsche Bank. "Best Commodity Working Capital Deal of the Year 2015", Trade & Export Finance).

Puma Energy on: its 2015, 2016 and 2017 $1.25bn core corporate syndicated facilities; a $225m hybrid off balance sheet trade receivables purchase program; and various structured, trade and corporate financings.

JP Morgan on the 'POEMS' transactions, innovative £3.5 billion financings that used mandatory exchangeable bonds issued by Volcan Holdings plc to finance the purchase of shares in Anglo American plc.

The Ministry of Finance of Ukraine on: a $250m capital markets funded conduit structured term loan financing to Energoatom to fund nuclear storage facilities on the Chernobyl site; and $400million and $600million equivalent EUR term loan facilities arranged by Deutsche Bank and covered by a partial IBRD policy based guarantee.

Noble Group on the trade finance aspects of its financial restructuring, including its up to $700 million committed structured trade finance facility.

the arranger on a bespoke commodity financing to an African miner, with physical offtake, commodity hedging and loan-style financing all documented under ISDA terms.

Nostrum Oil & Gas group on up to $3 billion structured financing arranged by VTB Capital plc.

Umeme Limited and Actis LLP on up to $190 million DFI and commercial bank long term capex financing.