Nathaniel Crowley

Associate, Hong Kong SAR

Biography

“Rising Star”
Legal 500, 2019

Overview

Nate is a Registered Foreign Lawyer in the Firm's Capital Markets Group in Hong Kong. Nate's practice covers OTC derivatives, structured finance (including cash and synthetic securitisations and credit and equity linked notes), repo and stock lending transactions, finance linked hedging and related regulatory matters. Nate regularly advises global banks, sovereigns, funds and corporations with a particular focus on emerging market mandates. From January 2020 to July 2020, he was seconded to the Fixed Income, Credit and Commodities Legal team at a global French bank in Hong Kong.

Nate joined White & Case in 2015, spending five years in the Firm's Derivatives & Structured Finance Group in London. Prior to joining White & Case, Nate worked in the London and Hong Kong offices of a leading global law firm, where he focused on OTC derivatives for major international banks.

Bars and Courts
Registered Foreign Lawyer, Hong Kong
Solicitor of the Senior Courts of England and Wales
Republic of Ireland
Education
LPC
The College of Law Moorgate
LLB
University of Bristol
Languages
English

Experience

Nate's recent experience includes advising:

Crédit Agricole CIB (CA-CIB) on the issue by Premium Green Plc of its EUR 200 million Series 2019-5, 5 Year Secured Amortising Floating Rate Notes due December 2024, a credit protection transaction on a reference portfolio of senior corporate loan facilities originated by CA-CIB.

Intrum AB on the EUR 28 billion securitisation of Piraeus Bank (PB) of Greece's non-performing loans (NPL) in connection with the hive-down and sale of a majority stake to Intrum in PB's Recovery Banking Unit.

Absa Bank Ltd of South Africa on the establishment of its ZAR 50 billion Structured Note Programme on the Euro MTF market in Luxembourg, a twin of its Johannesburg Stock Exchange listed programme.

The Reserve Management Team of the Central Bank of the United Arab Emirates on multiple OTC derivatives and repo documentation and related regulatory matters.

J.P. Morgan as Liquidity Management Transaction Counterparty in connection with a project bond financing for the construction of the Superstrada Pedemontana Veneta toll road in Italy. Awarded "Transport Deal of the Year" at the PFI Awards 2017, "European Road Deal of the Year" at the IJ Global Awards 2017 and "PPP Deal of the Year, Europe" at the Infrastructure Investor Global Awards 2018.

The Government of the Republic of Cameroon on a EUR/USD cross-currency swap for hedging their debut sovereign $750 million Eurobond. White & Case was responsible for drafting and negotiating a highly customized structure, as the hedging agreement was overlaid by a partial guarantee from the African Development Bank (AfDB). The transaction has won multiple awards, taking "Deal of the Year – Debt" from the African Banker Magazine and saw White & Case awarded a first place "Standout" ranking from the Financial Times in its European FT Innovative Lawyers Awards in 2017 "New Markets and Capital".

The hedging bank group on a EUR/USD cross-currency swap relating to BOAD's $750 million Eurobond – the first such issue for the key development institution of the West African Monetary Union. This representation and White & Case's deep experience of the African market meant the firm was also called upon to advise the hedging bank group when BOAD came back to the market in 2017 and 2019 with two further Eurobond issuances and associated EUR/USD cross-currency swaps.

A global Chinese bank on a bespoke credit protection trade linked to its participation in a substantial project finance loan made by its Turkish subsidiary.

A major GCC financial institution on a series of funded, US dollar total return swap transactions on sovereign and global real estate loans.

A global French bank as perfect asset swap provider to a number of European CLO issuances by leading European and US investment managers.

Various Middle Eastern sovereign wealth funds and local banks on their hedging and related collateral arrangements and funding transactions.