David Stubbs

Experience Highlights

• Advised Eurasian Resources Group S.à r.l. (ERG) and its subsidiaries on the restructuring of more than $5 billion of debt with Russian lenders. Secondment to ERG’s Treasury team.
• Advised CMA CGM in a consent solicitation and $253 million cash tender offer relating to corporate asset backed secured notes.
• Seven month secondment in 2014 to the Principal Investments team at HSBC, advising in relation to the treatment of covered funds under the Volcker Rule.
• Advised Citigroup Global Markets Limited in several liability management exercises of Citigroup Inc.
• Advised Alliance Oil Company Limited in a $500 million offering of 7% guaranteed notes due 2020 and a subsequent consent solicitation and liability management transaction in respect of a previous notes issuance.
• Advised GoldenTree Asset Management in connection with the recapitalisation and €200 million equity capital raise of Bank für Arbeit und Wirtschaft und Österreichische Postsparkasse AG (BAWAG). The transaction took the form of a €215 million cash common equity offering subscribed by existing BAWAG shareholders and lenders, and the exchange of more than €3.5 billion of loans into common equity of BAWAG's indirect holding company.

Professional Background

• Associate, Cleary Gottlieb Steen & Hamilton LLP, London
• Trainee & Associate, Dewey & LeBoeuf LLP, London and Moscow

Education

• Inns of Court School of Law, London, England, Legal Practice Course (Distinction), 2006
• University of Buckingham, LLB (Hons), 2005
• Brown University, Rhode Island, BA (International Relations and Russian), 1990

Bar Admissions

• Bermuda, Attorney-at-Law, 2017
• England & Wales, Solicitor, 2008

Awards & Accolades

• Recognised in the 2021 edition of Legal 500 Caribbean (corporate and commercial)

Languages

• French
• Russian

Corporate Digest: Notable Deals and Transactions – Winter 2020

Norway Practice Bulleting 2020 - May 2020

Corporate Digest: Notable Deals and Transactions – Autumn 2019

Corporate Digest: Notable Deals and Transactions - Spring 2019

Global IPO Report – July 2018

2017 Global Corporate Year in Review, January 2018

November 2015 article in IFLR on the proposed EU Securitisation Regulation: “Practice what you preach”