Bakers closes €800m UBS securitisation deal
Baker & McKenzie has won a lead role advising UBS on the €800m (£637m) securitisation of a portfolio of Piraeus Bank's residential mortgages. The deal, which closed earlier this month, saw UBS acting as sole arranger and lead manager on the Greek bank's securitisation.
May 21, 2008 at 10:34 PM
2 minute read
Baker & McKenzie has won a lead role advising UBS on the €800m (£637m) securitisation of a portfolio of Piraeus Bank's residential mortgages.
The deal, which closed earlier this month, saw UBS acting as sole arranger and lead manager on the Greek bank's securitisation. London structured capital markets partner Vincent Keaveny took the lead role for UBS, with tax partner James MacLachlan advising on all tax aspects of the transaction.
The deal is the second Greek mortgage-backed transaction Bakers has advised UBS on after it advised the bank as arranger and joint lead manager on a A1.25bn (£841m) residential mortgage-backed securitisation for Piraeus last year.
Keaveny acted opposite his former firm, Norton Rose, on both deals, where capital markets partner Sandrine Sauvel advised Piraeus, assisted by tax partner Matthew Hodkin on the latest deal.
Keaveny told Legal Week: "This is a nice transaction in the current market. It has been good to work for UBS and the relationship is growing."
Athens-based Bahas Gramatidis & Partners and Kyriakides Georgopoulos & Daniolos Issaias advised Piraeus and UBS respectively on all Greek law matters.
The deal comes after Bakers last month advised Royal Bank of Scotland as arranger on a £215m securitisation for Volkswagen Financial Services.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View AllSlaughter and May and A&O Shearman Advise as Latest UK Company Goes American
3 minute readLinklaters Continues Renewable Energy Hot Streak With Latest Offshore Wind Farm Project
2 minute readTrio of Firms Act On Chinese Insurer Ping An's $1.7B Stake Acquisition In Healthcare Arm
Trending Stories
- 1Bar Groups Say IOLA Settlement Protects Civil Litigants' Fund From Future 'Raids'
- 2'Every MAGA Will Buy It:' Elon Musk Featured in Miami Crypto Lawsuit
- 3Pennsylvania Law Schools Are Seeing Double-Digit Boosts in 2025 Applications
- 4Meta’s New Content Guidelines May Result in Increased Defamation Lawsuits Among Users
- 5State Court Rejects Uber's Attempt to Move IP Suit to Latin America
Who Got The Work
J. Brugh Lower of Gibbons has entered an appearance for industrial equipment supplier Devco Corporation in a pending trademark infringement lawsuit. The suit, accusing the defendant of selling knock-off Graco products, was filed Dec. 18 in New Jersey District Court by Rivkin Radler on behalf of Graco Inc. and Graco Minnesota. The case, assigned to U.S. District Judge Zahid N. Quraishi, is 3:24-cv-11294, Graco Inc. et al v. Devco Corporation.
Who Got The Work
Rebecca Maller-Stein and Kent A. Yalowitz of Arnold & Porter Kaye Scholer have entered their appearances for Hanaco Venture Capital and its executives, Lior Prosor and David Frankel, in a pending securities lawsuit. The action, filed on Dec. 24 in New York Southern District Court by Zell, Aron & Co. on behalf of Goldeneye Advisors, accuses the defendants of negligently and fraudulently managing the plaintiff's $1 million investment. The case, assigned to U.S. District Judge Vernon S. Broderick, is 1:24-cv-09918, Goldeneye Advisors, LLC v. Hanaco Venture Capital, Ltd. et al.
Who Got The Work
Attorneys from A&O Shearman has stepped in as defense counsel for Toronto-Dominion Bank and other defendants in a pending securities class action. The suit, filed Dec. 11 in New York Southern District Court by Bleichmar Fonti & Auld, accuses the defendants of concealing the bank's 'pervasive' deficiencies in regards to its compliance with the Bank Secrecy Act and the quality of its anti-money laundering controls. The case, assigned to U.S. District Judge Arun Subramanian, is 1:24-cv-09445, Gonzalez v. The Toronto-Dominion Bank et al.
Who Got The Work
Crown Castle International, a Pennsylvania company providing shared communications infrastructure, has turned to Luke D. Wolf of Gordon Rees Scully Mansukhani to fend off a pending breach-of-contract lawsuit. The court action, filed Nov. 25 in Michigan Eastern District Court by Hooper Hathaway PC on behalf of The Town Residences LLC, accuses Crown Castle of failing to transfer approximately $30,000 in utility payments from T-Mobile in breach of a roof-top lease and assignment agreement. The case, assigned to U.S. District Judge Susan K. Declercq, is 2:24-cv-13131, The Town Residences LLC v. T-Mobile US, Inc. et al.
Who Got The Work
Wilfred P. Coronato and Daniel M. Schwartz of McCarter & English have stepped in as defense counsel to Electrolux Home Products Inc. in a pending product liability lawsuit. The court action, filed Nov. 26 in New York Eastern District Court by Poulos Lopiccolo PC and Nagel Rice LLP on behalf of David Stern, alleges that the defendant's refrigerators’ drawers and shelving repeatedly break and fall apart within months after purchase. The case, assigned to U.S. District Judge Joan M. Azrack, is 2:24-cv-08204, Stern v. Electrolux Home Products, Inc.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250