Derivatives & Treasury Operations

Derivatives

William Fry has a leading Derivatives Group. Our clients include banks, buildings societies, insurance companies, pension funds, trusts, hedge funds, UCITS and corporates. We provide a full range of services in this sector from the preparation of risk matrices, negotiating market standard documentation through to structured derivative transactions. 

We advise on the use of derivatives, repos and securities lending structures which may involve tax, regulatory or legal arbitrage.  We focus on risk management such as netting and regulatory issues for clients.  We work with our clients to develop structures that satisfy their business strategy and legal and regulatory requirements

Treasury Operations

Corporate treasury management has been one of the key financial sectors on which the success of the International Financial Services Centre (IFSC) has been built. Ireland has traditionally been the jurisdiction of choice for many European and US treasury operations. The benefits of running treasury transactions through Ireland are:

  • A favourable tax regime – Ireland has a 12.5% corporate tax rate for trading entities and has entered into Double Taxation Agreements with many jurisdictions
  • A skilled work force – Ireland has one of the most skilled treasury work forces in Europe. It also offers a network of professional service providers and administrators
  • Favourable legislation – Ireland has a solid legislative framework for the purposes of treasury transactions, including the Netting of Financial Contracts Act 1995

Many household names have treasury operations in Ireland:

  • Airbus 
  • Boeing
  • Bristol-Myers Squibb 
  • Caterpillar
  • Diageo
  • Macquarie
  • Pepsi
  • Pfizer
  • Porsche
  • Stanley Black & Decker
  • Smurfit
  • Whirlpool

 

We are consistently ranked as one of the leading Banking & Financial Services law firms in Ireland.

Department

'The banking team at William Fry continues to occupy a prominent place in the Irish market.'
Chambers Europe, 2012 - Banking & Finance

William Fry’s ten-partner group constitutes "a very experienced team" of "good negotiators" that "goes well beyond normal client service expectations".
Legal 500 EMEA, 2012 - Banking & Finance

William Fry's practice is "praised for its strong market repuation, excellent long established working relationships and proven track record."
Legal 500 EMEA, 2011 - Banking & Finance

William Fry is "attentive to needs" and scores points for its "in-depth knowledge and practical application’ and its ‘excellent access to partners". 
Legal 500 EMEA, 2010 - Banking & Finance

William Fry offers "pragmatic advice" and a "detailed knowledge of the market", say clients. The firm is also praised for its "very good cross-discipline advice on complex deals" and "excellent response times". 
Legal 500 EMEA, 2009 - Banking & Finance

This "proactive and dedicated team" is praised for its "ability to think innovatively and in clients’ best interests, driving projects forward quickly". 
Chambers Global, 2009 - Banking & Finance


Team

Elaine Hanly
Elaine Hanly 'has an impressive track record and wins the admiration of her peers.'
Chambers Europe, 2012 - Banking & Finance

Elaine Hanly is "highly regarded for her varied expertise". 
Chambers Global 2011 - Banking & Finance

Team head Elaine Hanly "guides you through the instruction with military precision". 
Legal 500 EMEA, 2010  - Banking & Finance

Elaine Hanly is the group’s leading figure. Her extremely broad practice is complemented by her expertise in structured finance, derivatives, securitisation and debt capital markets.
Chambers Global, 2010 - Banking & Finance

Orla Brennan
'Orla Brennan handles a broad range of banking and finance work for an impressive client base.'
Chambers Europe, 2012 - Banking & Finance

Orla Brennan is highlighted for her "all-round excellence".
Legal 500 EMEA, 2012 - Banking & Finance

Sources hail Orla Brennan's dedication to her work and her ability to convey the most complicated legal technicalities in a clear and understandable way.
Chambers Global 2011 - Banking & Finance

Orla Brennan "goes above and beyond the call of duty," according to clients, who also praise her negotiating skills and ability to "communicate the key points in a simple manner."
Chambers Europe, 2011 - Banking & Finance

Orla Brennan is "particularly good".
Legal 500 EMEA, 2010  - Banking & Finance

Orla Brennan has substantial experience within domestic and international banking and finance.
Chambers Global, 2010 – Banking & Finance

Rachel Stanton
Rachel Stanton is highlighted for her "all-round excellence".
Legal 500 EMEA, 2012 - Banking & Finance

Rachel Stanton is picked out by clients as "highly experienced, quick to respond, commercial in her view and excellent to work with".
Legal 500 EMEA, 2011 - Banking & Finance

Paul Murray
"Paul Murray is especially well reputed for life and non-life risk securitisations, derivative transactions and issues arising in the context of custodial services and asset management activities."
Chambers Europe, 2011

Paul Murray is an "expert in SPV requirements".
Legal 500 EMEA, 2010

Back to Overview