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Senior Legal Counsel or Legal Adviser (Finance)

  • Location: London
  • Job type: Permanent
  • Sector: Legal Advisor
  • Date posted: 12/02/2018
  • Job reference: VR/43485
Raeburn are looking to speak with candidates for a permanent opportunity with an oil and gas operator client in central London.

The role would suit a corporate finance or project finance lawyer with significant front line contractual experience, ideally in either an upstream oil and gas operator or in private practice advising such clients.

The experience portfolio includes areas such as:
Advising on structuring of loan arrangements in organisations with multiple debt facilities with different ranking claims on the borrower, inter-creditor arrangements, and secured by asset pledges and cross guarantees within the lender group
Strong negotiator/drafter of terms of a range of different types of facilities, both publicly and privately traded. Experience of reserve based lending and oil and gas industry project financing essential
Strong awareness of usual range of market terms for borrowing facilities

You will support the business in both an advisory capacity for existing loan facilities, and leading legal services for design and execution of new facilities

Major Challenges
Supporting Group Finance in the design and execution of complex legal financing structures, involving security pledges and lenders with different ranking, and managing any external legal resources required
Leading/participating in multi discipline negotiation teams
Ensuring that contracts are high quality and achieve an allocation of risk and reward between the client and its lenders
Providing ongoing and proactive advice to the Group Functions to ensure that business is run within constraints imposed by the loan instruments
Managing the use of external lawyers to ensure that expenditure and efficiency is optimised

Qualifications
Bachelors degree in Law
Membership of professional and industry associations

Skills (and experience)
Previous PQE within a corporate/project finance based private practice (with significant direct involvement in petroleum upstream work), or in-house within an Upstream Operator, or related services sector
International exposure well regarded

Knowledge
A breadth and depth of experience in upstream oil and gas corporate and project financing
Familiar with corporate and project financing structures involving multiple loan facilities, supported by security pledges, with different ranking claims on the borrower
Demonstrable experience in the negotiation and drafting of corporate financing (including reserve based lending) and project financing contracts for the upstream oil and gas industry
Possess a sound understanding of whats market in corporate and project financing terms and conditions