Paul Denham

"He is a great professional. Readily available, cooperative, supportive and with a commercial mindset. He provided great advice, going above and beyond what was requested. Excellent." - Legal 500

Partner, Finance - Derivatives and Financial Markets
London

Expertise

Paul advises on derivatives, financial and commodities markets and collateral structures.

He works with banks, brokers, insurers, asset managers, pension schemes and corporate treasury teams on derivatives, securities financing transactions, financial collateral arrangements and related financial markets regulation. This includes advising across trading, financing and treasury activities and supporting clients in managing credit, collateral, regulatory and counterparty risk.

Experience

Paul's experience includes:

Advising on hedging in financing transactions, including deal-contingent and loan-linked hedging and the integration of derivatives into acquisition finance, project finance, real estate finance, structured finance and other financing transactions.
Advising on financial collateral and margining structures, including title transfer and security arrangements, collateral optimisation, regulatory margin compliance and related credit risk mitigation arrangements.
Advising on portfolio acquisitions, disposals and restructurings involving derivatives, including swap portfolio transactions, loan portfolio sales and the alignment of hedging arrangements with underlying asset transfers.
Advising on commodities trading and commodities derivatives across metals, oil, gas, power and carbon, covering physical and financial markets and related documentation including EFET, emissions trading and commodities derivatives documentation.
Delivering netting, collateral and financial collateral opinions and advising regulated firms on the enforceability of close-out netting, collateral arrangements and related regulatory capital issues.

Testimonials

"Paul Denham was a safe pair of hands to guide us through the derivative aspects of a large and complex transaction using innovative approaches. He was always focused on practical solutions and outcomes to the various issues that arose." - Legal 500, Derivatives and Structured Products

"Paul Denham assisted us on a de-risking transaction that included derivatives and structured products. His knowledge and understand helped guide our team through. We enjoyed working with Paul and found him to be very personable and knowledgeable. We really valued his dedication and availability in a fast-paced transaction." - Legal 500, Derivatives and Structured Products

"Paul Denham provides us with deep analysis in a timely manner at reasonable legal fees." - Legal 500, Derivatives and Structured Products

"Paul Denham is very personable and knowledgeable. We really valued his dedication and availability in a fast paced transaction." - Legal 500, Derivatives and Structured Products

"Thorough and precise." - Legal 500, Derivatives and Structured Products

Recognitions