Alston & Bird has over 800 lawyers in 13 countries, with a presence in London, Brussels and Europe. The firm is involved in financial services work, banking and derivates capital markets. The firm advises on M&A matters involving joint ventures, divestitures and bank investments. Debt and high yield capital markets work are areas of specialism for the firm.

Highlights

Alston & Bird advised Deutsche Bank in relation to the ECAPS 2 claim, obtaining a settlement agreement in October 2024. The settlement followed a High Court victory for Deutsche Bank in 2023 against Lehman Brothers Holdings and a Court of Appeal ruling in 2021, addressing the priority of the insolvency waterfall of claims into the UK Lehman Brothers estates. 

The firm advised Qredo on its rescue finance and subsequent distressed M&A executed through administration proceedings. The team, led by Phillip Taylor and Anna Nolan, negotiated and documented a secured rescue bridge financing with Qredo's main investor, 10T Holdings, and subsequently advised on the sale of Qredo's business to Fusion Laboratories. 

A team also represented the security trustee, note trustee, account bank, PPA, cash manager and registrar on the UK Logistics 2024-2 DAC GBP370 million multi-tranche public CMBS issued in December 2024. The deal spanned several jurisdictions including England and Wales, Ireland, Jersey, and Scotland.