Philip Paschalides is based in Walkers' Cayman Islands office and is a partner in the firm's Global Finance and Corporate Groups. He specialises in capital market issuances, securitisations and structured products.
Philip's capital markets practice focusses on DCM and convertible bond issuances. In terms of securitisation and structured products, Philip works on a wide range of transactions, including repackagings, credit-linked and other structured note issuances, DPRs and future flows transactions, CLOs, CBOs and other managed structures, as well as a range of bespoke structured transactions. Many of the transactions Philip has worked on have been "pathfinder" transactions or developed technology that has now become market-standard in structured finance.
Philip also frequently represents lenders on secured and unsecured financing transactions, in particular within the hedge fund and private equity fund context, whether structured as traditional loans or as derivative transactions.
Over the financial crisis, Philip developed an extensive restructuring practice, dealing with large corporate restructurings as well as the restructuring of complex structured finance transactions such as SIVs and CDOs. His team continues to represent different stakeholders in distressed structured finance transactions and has been successful at finding solutions which release value from deadlocked structures or preserve value, whether by transforming or adapting existing structures or by creating entirely new ones.
For a number of years, Philip has been recognised in the legal directories and by peers as a leading Cayman Islands finance lawyer and has a reputation for (and is partial to) working on interesting, challenging or novel structures.