金融业务

挑战和需求
近年来经营金融机构和其他机构的条件已经发生了根本的变化。国际金融大环境的变化致使金融行业面临的监管也更加严格,对于团体客户-要求团体形式上的稳定性和偿付能力—— 对于个人客户——要求客户提供客户关系和咨询服务的书面材料。金融行业目前正处于整合巩固的过程,这个过程预计将会持续数年。 鉴于最近国际金融环境的发展,对于大规模的维护金融市场稳定的承诺计划和对问题客户的追踪的呼吁,金融企业已经加紧与监管当局的对话,并且关注筹集资本的可能性。相应地,金融业者正越来越多地征询对于监管和商业事务的法律意见。

我们可以怎样帮助
我们帮助大型和小型的金融机构筹集资金、满足监管要求,并且在许多复杂的案例中帮助我们的客户构建金融和安全架构。此外,我们的参与了大量的收购和出售的过程。在复杂的买卖、重组和清算过程中,我们为客户出谋划策,帮助客户规划和实施最好的解决方案。此外,我们对于在丹麦金融市场条件以及贯彻丹麦央行对于稳定金融市场的承诺下,为外资金融机构提供咨询服务有着丰富的经验。

我们的法律服务包括但不限于
• 筹集资金(招股说明书、筹资计划的建立和更新、发行债券等)
• 银团贷款以及其他金融计划
• 契约违反的重建
• 税务事宜
• 担保和抵押品
• 结构性产品
• 衍生工具交易
• 证券交易所和清算机构会员资格申请
• 项目融资
• 证券交易

排名

Chambers Europe Rating 2017
-  Banking and finance

What the team is known for Highly regarded finance team acting on behalf of banks, private equity houses and large corporates, including international companies on all aspects of acquisition finance. Recognised for its expertise on financing in the energy sector, including projects and restructurings involving renewables and oil and gas. Other areas of specialism include asset finance, high-yield bond work and regulatory issues.

Strengths One client stressed the clarity and user-friendly nature of the service: "They are extremely user-friendly, responsive and efficient. They do not over-engineer things and were clear and succinct with their advice. I was extremely impressed with their service."

Responsiveness was another quality mentioned by clients: "They provide good and quick service. They are very responsive and get back to you right away, being good at keeping to deadlines."

Work highlights Assisted Cembrit Group with the financing of a DKK1.1 billion transaction.

Assisted DSVM Group with a refinancing following its acquisition by a group of Danish financial institutions, including FIH, PKA, Maj Invest and LD.

Significant clients Credit Suisse, Danske Bank, BNP Paribas, DNB Bank, Handelsbanken.

Notable practitioners 
Morten Krogsgaard specialises in securitisation and debt financing amongst a wide range of other banking and finance transactions. His recent work includes advising large Danish banks on a series of acquisition financings. One client states: "He is superbly intelligent, skilled and business-minded." The same source also liked Krogsgaard's "more laid-back" approach in the way that "he delivers results."

Chambers and Partners Europe, Banking and Finance

Chambers Europe Rating 2016
-  Capital Markets

What the team is known for Noted for its work on IPOs, securitisation and regulatory matters. Acts on behalf of corporates and financial institutions on compliance work, share buy-backs and public tender offers. Represents clients in several sectors, including pharmaceuticals, technology and telecommunications. 

What's new? Lundbeck and BankInvest are among the firm's recent client wins.

Work highlights Assisted Bestseller with a DKK157 million public tender offer for all the share capital in Stylepit.

Advised several listed banks, including SEB, on Danish securities law related to a USD900 million restructuring of TORM, including the listing of 958 million shares through a scheme of arrangement.

Significant clients Jyske Bank, Exiqon, Carlsberg, William Demant, Maj Invest.

Notable practitioners
Steen Jensen is noted for his expertise in regulatory issues, de-listings and IPOs. He also advises clients on a range of transactional issues including mergers of listed companies and secondary offerings.

David Moalem is a "skilled" and active capital markets lawyer. He is well-known for his experience in regulatory aspects of capital markets, as well as public M&A, transactions and contentious compliance.

Chambers and Partners Europe, Capital Markets

IFLR1000 Rating 2016
-  Banking and finance

"Bech-Bruun are very professional,” says one client. “They are always doing a solid, thorough job, reverting quickly back to us.” Another adds: “Excellent. They are solution-oriented and pragmatic."

The banking and finance team bolstered its ranks this year with addition of partner Steen Puch Holm-Larsen to the line-up. This helped boost the practice, which is especially known for its work in acquisition finance and bond financing.

One example of this saw the firm advising the Solix Group on the financing for its acquisition of the Cembrit Group. Led by partner Morten Krogsgaard, this work was especially notable as the deal was structured to be paid in three tranches. Krogsgaard was again the key partner involved when the team assisted Credit Suisse on the Danish aspects of the $50 million royalty bond issuance by Zealand. This was the first ever royalty bond issued by a Danish company and involved a non-dilutive and non-recourse bond financing backed by 86.5% of the future annual royalties - and other payments which the company is entitled to - on lixisenatide – a drug used to treat diabetes – as a stand-alone product under its license agreement with Sanofi.

IFLR 1000, Banking and finance

IFLR1000 Rating 2016
-  Capital Markets

That deal was demonstrative of a general improvement in the capital markets in Denmark this year, which the team at Bech-Bruun was able to capitalise on. Other examples saw (Morten) Krogsgaard take the lead in acting for the PWT Group on the Danish law issues relating to PWT Holding’s placement of a kr300 million (€40 million) high-yield bond on the Nasdaq OMX Stockholm and in assisting SAS on the Danish aspects of its kr1.6 billion (€169 million) issuance of convertible bonds.

(...)

“A very competent and always in-touch full service provider,” is the way one general counsel describes the capital markets practice.

IFLR 1000, Capital Markets

IFLR1000 Rating 2016
-  Insolvency and restructuring

On the restructuring and insolvency side the team again had a busy year. Ole Borch, for example, led a team in acting as the administrator in an in-court restructuring process for Da’core, utilising a new model of in-court restructuring. Borch was again in the lead as the team assisted MSE, with Tryg and Nordea as the major creditors, on its multi-million euro bankruptcy which managed to continue construction projects the company was working as it was being restructured and sold to new owners.


Clients were also very pleased with the work of this team. “We are very satisfied with Bech-Bruun and Carsten Ceutz and his team and have no complaints,” says one banking client. “They showed very high levels of professionalism and offered serious treatment with quick responses and answers to our questions.”

IFLR1000, Restructuring and insolvency

Legal500 Rating 2017
-  Banking and finance

Bech-Bruun’s ‘efficient’ team provides ‘an extremely high level of service’ covering matters including asset finance, acquisition finance and regulatory work. ‘Service-minded’ practice head Morten Krogsgaard advised HSH Nordbank on financing of the Vandel photovoltaic project. David Moalem has been advising a number of Danish financial institutions regarding the implementation of the Markets in Financial Instruments Directive II (MiFiD II) and the Markets in Financial Instruments Regulation (MiFIR). The team also includes Thomas Thordal Sevelsted and Steen Jensen.

Legal 500, Banking and Finance

Legal500 Rating 2017
-  Capital Markets

Headed by banking and finance partner Morten Krogsgaard, Bech-Bruun continues to be instructed on international and domestic regulatory matters. Steen Jensen advised 3i on a DKK1.5bn public-to-private takeover of BoConcept. David Moalem is recommended.

Legal 500, Capital markets

Legal500 Rating 2017
-  Insolvency and restructuring

Bech-Bruun’s ‘very good’ restructuring group, led by Troels Tuxen, is now part of the firm’s wider banking, restructuring and capital markets practice. Tuxen has been advising the bankruptcy estate of Jutland Meat on proceedings against its former management. Clients recommend Carsten Ceutz, who ‘always responds quickly’. Ole Borch retired.

Legal 500, Insolvency

  • 哥本哈根

    Langelinie Allé 35
    2100 Copenhagen

  • 奥尔胡斯

    Værkmestergade 2
    8000 Aarhus C

  • 上海 - 中国代表处

    No.1440 Yan'an Middle Road, Suite 2H08
    Jing'an District <br> 200040 Shanghai, P.R. China

  •  +45 72270000
     +45 72270027
     info@bechbruun.com
    VAT number 38 53 80 71