Patrick Clancy  is Of Counsel in the Derivatives & Structured Products practice.

Patrick advises on the full range of English law derivatives transactions. He also advises on complex and bespoke structured finance products and capital markets transactions. His client base includes a mix of financial institutions, hedge funds and infrastructure providers.  Patrick has notable expertise in equity financing transactions involving equity derivatives and margin loans and in CDS.

• Clients in preparing and publishing the ISDA netting opinion for Abu Dhabi Global Market.
• Orange on the sale of BT Shares and a financing at a negative interest rate.
• The lenders in connection with negotiating and agreeing the hedging provisions of the senior finance documents related to the debt financing of the GW Sweihan Solar PV Independent Power Project located near Sweihan in Abu Dhabi.
• The lenders in connection with negotiating and agreeing the hedging provisions of the senior finance documents related to the debt financing of the Fadhili Gas Complex in Saudi Arabia.
• The lenders in connection with negotiating and agreeing the hedging provisions of the senior finance documents related to the debt financing of the Bahrain LNG regasification terminal project.
• A hedge fund in relation to the structuring and settlement of a refinancing and liability management exercise and the consequential Credit Default Swaps (CDS) ramifications.
• The lenders in connection with negotiating and agreeing the hedging provisions of the senior finance documents related to the debt financing of the Facility D IWPP in Qatar.
• Fixed income and FX derivatives in connection with leveraged financing transactions.
• Swap providers in connection with the documentation for hedging the interest rate risk on other infrastructure project financings in the Middle East and Egypt.
• Investors, financial institutions and hedge fund investors in connection with equity-linked derivatives, including TRSs, prepaid variable forwards and funded collar structures.
• Certain investors (sovereign wealth funds and equivalent) on very large investments in equity positions through funded derivative and equivalent structures.
• Clients in relation to CDS including in connection with insurance transformer structures, credit-linked notes and CDOs.
• An operating clearing house on the clearing of CDSs.
• Prime brokerage arrangements, options trading agreements, ISDA Master Agreements and collateral arrangements.

Awards & Accolades

• Patrick is ranked as a notable practitioner in Chambers UK 2020, which refers to him as “very technically competent and client-focused” and states that he is a noted derivatives expert, well known for his work on equity financing transactions. He is also ranked as a leading individual in Legal 500 UK 2020. He is listed as highly regarded by IFLR1000 2020 and IFLR1000 2019.