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Eighteenth Annual Institute on Securities Regulation in Europe: Practical Implications of U.S. Law on EU Practice


Speaker(s): Adam Pickard, Alexander Kaarls, Andrew J. Bagley, Andrew M. Genser, Bradley J. Gans, Cecil D. Quillen III, Charles S. Duggan, Christos Nifadopoulos, David M. Ludwick, Deborah A. Smith, Diana Billik, Erik Morris, Ewan Brown, Harry Edwards, Jamie Symington, Jennifer Morrissey, Jo Rickard, Joe P. Longo, John Horsfield-Bradbury, John W. Banes, John W. White, Kathleen M. Hamm, Laura A. Holleman, Lisa D'Aguiar, Lorenzo Corte, Lucina Berger, Marco Ventoruzzo, Mark S. Bergman, Mary B. Tokar, Michael D. Coco, Michael J. Gallagher, Michael N. Dakin, Nicholas Baumgartner, Nicholas J. Shaw, Pansy Wong, Paul Atefi, Peter Castellon, Ravi Nayer, Robert Boyle, Rosemary Ioannou, Sachin Davé, Sagar S. Teotia, Sandra L. Moser, Sebastian R. Sperber, Sir David Green, Steve Thierbach, Tim Odell, Todd Rothman, Tony Singla, William H. Hinman, William J.F. Roll III, Yasmine Bassili
Recorded on: Mar. 14, 2019
PLI Program #: 251720

Michael Coco is Chief of the Office of International Corporate Finance (OICF) in the Division of Corporation Finance at the U.S. Securities and Exchange Commission.  A member of OICF since 2002, Mr. Coco’s work includes representing the Division on the International Organization of Securities Commissions’ (IOSCO) Committee on Issuer Accounting, Audit and Disclosure. He has spoken on SEC developments in international corporate finance at a number of international conferences and has provided foreign governments with technical assistance on securities regulation. Mr. Coco joined the staff of the Division of Corporation Finance in 1998.

Before joining the SEC, Mr. Coco worked in Moscow as a consultant in the defense sector. He previously worked with the European Parliament in Brussels, and edited a book on European military involvement in post-colonial Africa. He is fluent in French and Italian.

Mr. Coco is a graduate of the University of Virginia School of Law, where he was an editor of the Virginia Journal of International Law. He received his B.S. from the Georgetown University School of Foreign Service, an M.A. from the Columbia University School of International and Public Affairs, and a certificate in political studies from SciencesPo (Paris).


Alexander Kaarls’ practice focuses on corporate and securities laws, with a particular focus on cross-border mergers, acquisitions and capital markets transactions. He also regularly advises clients on corporate governance, joint venture, securities laws compliance, and general cross-border matters. Alexander has been ranked as the Netherlands’ ‘leading M&A lawyer’ by the Dutch M&A website and database OverFusies several times (based on total deal value) and he represented leading participants in most of the contested public takeover situations that have taken place in the Netherlands over the past twenty years.

Alexander has authored and co-authored articles published in, among others, the International Financial Law Review, the International Comparative Legal Guide to Mergers & Acquisitions, the International Law Practicum, the European Lawyer, Advocatenblad (the Netherlands Bar periodical) and Maandblad voor Vermogensrecht (a leading Dutch periodical on contract law).

Alexander is a member of the Netherlands Bar (since 1993) and the California Bar (since 2002). He joined Houthoff in 2004, after spending ten years practicing with Skadden, Arps, Slate, Meagher & Flom LLP in London, Brussels and Palo Alto (California).


Andrew Genser is General Counsel of Viking Global Investors LP. Prior to joining Viking in 2018, Mr. Genser was a partner for 14 years in the Litigation and Government & Internal Investigations practice groups at Kirkland & Ellis LLP in New York, where he handled a wide variety of litigation and white-collar defense matters. From 1998 to 2004, he was an Assistant United States Attorney at the United States Attorney’s Office for the Eastern District of New York, where he prosecuted and tried numerous criminal cases and argued a number of appeals, and also served as Deputy Chief of the General Crimes section. Mr. Genser was an associate at Cravath, Swaine & Moore from 1995 to 1998, and before that served as law clerk to the Hon. Thomas P. Griesa, Chief Judge of the United States District Court for the Southern District of New York.

Andrew has served as a panelist and commentator on white-collar issues, and has published articles in the areas of securities and criminal law.


Charles S. Duggan
PARTNER

Charles Duggan represents clients in complex civil litigation in a variety of areas, with particular focus on securities cases, shareholder derivative suits and mergers and acquisition-related litigation. He also advises directors, audit committees and special board committees regarding disclosure matters, shareholder demands and internal investigations. His practice includes representing clients in commercial disputes, tax controversies and investigations by regulatory agencies.

From April 2004 to March 2005, Mr. Duggan served in the White House as Associate Counsel to the President. Before joining Davis Polk, Mr. Duggan served as a law clerk to Associate Justice Antonin Scalia of the U.S. Supreme Court and Judge Laurence H. Silberman of the U.S. Court of Appeals for the District of Columbia Circuit.

Mr. Duggan received his J.D. degree, magna cum laude, from Harvard Law School, where he as an executive editor of the Law Review.  He received his A.B. degree, magna cum laude, from Harvard College.


David Ludwick is a US partner based in London with more than 25 years’ experience who specializes in capital markets. He has extensive experience on a broad range of equity securities offerings (including IPOs, private placements, depositary receipts, rights issues and block trades) and debt transactions (including high yield, investment grade, convertible debt, hybrid securities and liability management transactions). He has broad global experience advising a wide range of companies seeking to access the US and international capital markets, as well advising investment banks and other financial intermediaries. David’s clients come from various sectors including consumer, financial institutions, biotech and pharmaceuticals, energy and natural resources and real estate.  David has advised on transactions in numerous countries including Australia, Belgium, Cambodia, China, Denmark, France, Germany, India, Indonesia, Israel, Italy, Luxembourg, Malaysia, the Netherlands, Philippines, Russia, Singapore, South Korea, Sweden, Switzerland, Turkey, Ukraine, the United Kingdom and the United States. He is recognized as a leading capital markets lawyer by Chambers, Legal 500 and IFLR1000.

David joined Freshfields in 2015. He previously worked at Linklaters (in London and Hong Kong -- where he headed their US practice in Asia) and Davis Polk & Wardwell (New York). He has practiced for a decade in each of London and Hong Kong, prior to which he spent several years practicing in New York.  David clerked for Judge Francis Altimari on the U.S. Court of Appeals for the Second Circuit in New York. He received his J.D. from Cornell Law School (1993).


Jamie Symington is a partner in Brown Rudnick's global White Collar Crime and Regulatory Investigations group and practices out of the firm's London office.  A highly experienced litigator, Jamie focuses his practice on advising clients concerning compliance with financial regulations and on representing firms and individuals facing inquiries or investigation by financial regulators.

Prior to joining Brown Rudnick, Jamie spent 18 years working at the UK's Financial Services Authority (FSA) and Financial Conduct Authority (FCA), ultimately as Director of Investigations from 2015 to 2018. During his tenure at the FSA/FCA, Jamie served in senior positions in Enforcement both as a policy lawyer and in investigations/litigation. His experience includes running major regulatory and civil enforcement cases in matters of wholesale, retail and market conduct, money laundering, fraud and corporate governance.  On the criminal side, Jamie was instrumental in establishing the criminal investigation and prosecution function at FCA.  He has also spent significant time dealing with international regulators and law enforcement agencies and UK government departments.

Jamie is a frequent and sought after speaker on matters related to financial regulation and investigations due to his extensive experience and wealth of insight into such matters.


Jo Rickard is a partner in the Litigation practice.  

Jo has wide commercial litigation experience advising corporates, banks, liquidators and receivers as well as self-regulatory bodies in relation to a variety of claims. Jo advises on litigious matters across a range of industries, including Financial Institutions, Insurance and TMT.

Jo represents corporate, financial institution and individual clients, including Liverpool FC, ICE, ADGM, Cargolux, NESV and Areva.

Prior to joining Shearman & Sterling, Jo was a partner at Freshfields Bruckhaus Deringer from 1981-2006. While there she was the joint head of the worldwide Dispute Resolution Practice Group for five years and managing partner of Dispute Resolution in London for nine years. For two years from 1995, she was seconded to Lloyd’s of London as Director of Legal Services reporting to the then chairman, Sir David Rowland.

RECENT EXPERIENCE INCLUDES REPRESENTATION OF:

  • Cargolux in relation to a damages claim brought by a large number of claimants in relation to breach of antitrust rules.
  • Robert Tchenguiz in relation to a claim for damages for wrongful arrest and trespass against the SFO.
  • Abu Dhabi Global Market (ADGM) on its establishment as an international financial center in the United Arab Emirates.
  • ICE Clear on the intervention of court proceedings in relation to MF Global and settling claim.
  • Imcopa in relation to successfully resisting a challenge to majority vote on restructuring.
  • ICE in relation to phishing incidents involving EU emission allowances including maintaining market continuity in a key market where there was potential user concern over market integrity and certainty.
  • NESV in relation to their purchase of Liverpool Football Club and continuing litigation.
  • Areva SA in relation to a £250 million damages action brought by the National Grid in the English High Court against Areva and a number of other defendants.This is the largest ever damages action brought in the U.K. for breach of antitrust rules.

    Professional Affiliations

  • Member of the Law Society
  • Chairman of the Market Supervision and Review Committee (MSARC) of Lloyd’s of London


John Horsfield-Bradbury, based in London, leads our representation of major European companies on a variety of capital markets and M&A projects. His practice includes equity and debt capital markets transactions and cross-border mergers and acquisitions.

M&A

  • Anheuser-Busch InBev SA/NV on its acquisition of SABMiller plc, the biggest ever takeover of a London-listed company and one of the most complex acquisitions in history
  • Telia Company, the pre-dominant Swedish telecommunications company, as joint owner of Fintur Holdings B.V. together with Turkcell , in its exit for multiply Eurasianbusinesses including, the sale of its 51.3% indirect interest in the Azeri telecommunications operator Azercell LLC and the sale of its 75% indirect in interest in Kazakh telecommunications operator, Kcell JSC and the sale of its mobile telecommunication business in Georgia, operated by Geocell LLC.
  • Telia’s sale of all of its common shares in Spotify Technology S.A., (a holding company for Spotify), for an aggregate cash consideration of approximately $272 million.
  • BP plc on its agreement with the Supreme Petroleum Council of the Emirate of Abu Dhabi and the Abu Dhabi National Oil Company to acquire a minority interest in Abu Dhabi’s ADCO onshore oil concession in exchange for shares representing approximately 2% of BP’s issued share capital
  • Credit Suisse on the acquisition of the private wealth management business in Europe, Middle East and Africa of Morgan Stanley
  • Barclays on the $15.2 billion sale of the Barclays Global Investors business to BlackRock
  • Silver Lake Partners and Skype on the $8.5 billion acquisition of Skype by Microsoft

Capital Markets

  • Anheuser-Busch InBev on its $8.2 billion rights offering, its debut listing of ADSs on the NYSE, its $3.25 billion SEC-registered debt exchange offer and on multiple registered and unregistered debt offerings including the second largest bond offering of all time when it issued $46 billion aggregate principal amount of guaranteed notes to pre-fund the acquisition of SABMiller plc
  • Pershing Square Holdings on its initial public offering and listing on Euronext Amsterdam


Kathleen M. Hamm was appointed a Board Member of the Public Company Accounting Oversight Board by the Securities and Exchange Commission in December 2017, and sworn in on January 2, 2018. She joined the PCAOB from Promontory Financial Group, where she was the global leader of securities and fintech services and senior strategic adviser to the chief executive officer on cyber solutions. Among other matters, she helped companies develop strategies to build into their systems and operations regulatory requirements and cybersecurity. Earlier, Ms. Hamm served at the U.S. Treasury Department from 2014 to early 2017, as counselor to the deputy secretary on cybersecurity and related governance, regulatory, compliance, and risk management issues facing the financial services sector.

Before Treasury, Ms. Hamm led Promontory Financial Group's Securities Practice Group, providing strategic advice and practical solutions to guide global and domestic financial regulators and companies through complex regulatory, compliance, risk management, and enforcement issues during the financial crisis and its aftermath. Among her other positions, she was a director, member of the executive committee, and chair of the regulatory oversight committee of a national securities exchange; adjunct professor at the Georgetown University Law Center, teaching Corporate Controls, Compliance, and Governance. And she served for nearly a decade in the SEC Division of Enforcement where, as an assistant director, she managed and coordinated all aspects of three enforcement branches that investigated potential violations of the federal securities laws.  She received a B.S., summa cum laude, in business administration and concentrating in the Registered Accounting Program from the University at Buffalo, SUNY; she holds a J.D., with honors, from the Duke University School of Law; and an LL.M. in securities regulation, with distinction, from the Georgetown University Law Center, graduating first in her class.


Lorenzo Corte has acted on a number of complex and/or contested takeover assignments and trans-Atlantic transactions, including:

  • Intel Corporation’s US$15.3 billion acquisition of Mobileye N.V.;
  • Konecranes’ proposed all-stock merger with Terex Corporation (NYSE) and its subsequent acquisition of a division of Terex;
  • VimpelCom’s (now VEON) US$30 billion exchange offer for OJSC VimpelCom and simultaneous business combination with CJSC Kiyvstar G.S.M.; and
  • Arcelor in the US$22.8 billion unsolicited bid by Mittal Steel Company NV and their subsequent US$33.8 billion merger.

Mr. Corte represents strategic investors in connection with cross-border acquisitions, sales of privately owned companies and assets, and joint ventures in Europe, the Middle East, Africa, the United States and the CIS region. He has completed transactions for, among others, Anheuser-Busch, Cinépolis, Danaher Corporation, Engen/Petronas, ExxonMobil Corporation, Kellogg Company, Moody’s Corporation, Mylan, NTT DoCoMo, Nomura, ST Microelectronics N.V., Valeant Pharmaceuticals International and Validus Holdings.

He regularly acts for financial sponsors on their investments and divestments in Europe, including Investindustrial, Silver Lake Partners, DH Private Equity, Ares Life Sciences (Mr. Bertarelli), Teseo Capital (Mr. Ferrero) and LetterOne, for which he has completed a number of transactions in the technology, energy and retail sectors.

Mr. Corte also heads Skadden’s Italian desk. His experience in M&A transactions representing Italian parties includes acting for Assicurazioni Generali S.p.A., Brembo S.p.A., Fabbrica Italiana Lapis ed Affini S.p.A., Gentium S.p.A., Luxottica Group S.p.A. and the Ministry of Treasury of the Republic of Italy.

Mr. Corte lectures and participates in seminars related to his practice and is an adjunct professor in M&A at Ohio State University School of Law. He is recommended as a leading individual in Chambers Global, Chambers Europe and Chambers UK, which cites sources describing Mr. Corte as “instrumental in devising some incredibly innovative structuring” and stating “I would bet the bank on him.”


Lucina Berger advises on a broad range of corporate matters with a focus on corporate reorganizations, such as conversions, mergers, spin-offs, squeeze-outs and other enterprise agreements, corporate governance (including the preparation of shareholders' meetings and advise to group of companies), compliance and directors' liabilities issues.

Her practice also includes public takeovers (advising either the bidder or the boards of the target company) in both, contested and uncontested takeover scenarios and capital markets work in connection with M&A transactions.

Career:

  • Admitted to bar 2009
  • Julius-Maximilians University of Würzburg
  • Eberhard-Karls University of Tübingen (Dr. iur.)
  • University of Bristol
  • Yale Law School, New Haven (LL.M.)


Marco Ventoruzzo is Of Counsel at Gattai, Minoli, Agostinelli, Partners where he primarily deals with corporate governance, M&As and securities regulation.

He is a scholar of corporate law and financial markets regulation with an appointment at Bocconi University Law School in Milan, Italy, where he is also the Director of the Department of Legal Studies. He coordinates the Research Unit on Law & Economics ("RULES") of the Baffi Carefin Center on Markets, Banking and Finance, and is a member of the Observatory on European Business Law established by Bocconi University. In the past, Professor Ventoruzzo has directed the Max Planck Institute in Luxembourg on Financial Markets Regulation, and he has remained a Scientific Member of the Institute.

His primary academic interests are in the areas of corporate governance, corporate finance, and securities regulation, with an international and comparative perspective. He is an editor of several academic journals in these fields, including European Company and Financial Law Review (ECFR), the Journal of Financial Regulation (Oxford University Press), and the Italian journals Rivista delle società and Banca Impresa Società. Professor Ventoruzzo has taught and lectured at several law schools and universities around the world, from the Tokyo University (Japan) to ESADE (Spain), from the University of Luxembourg to Fudan University (Shanghai, China), from Tel Aviv University Law School (Israel) to the National Law School (Bangalore, India).

Professor Ventoruzzo has published extensively both in Europe and in the USA, more recently co-authoring one of the few casebooks on comparative corporate law (Comparative Corporate Law, West, 2015), and regularly consults private and public entities on regulatory issues, including, in the past, the Italian Stock Exchange for the revision of the Corporate Governance Code for Listed Corporations.


Mary Tokar was appointed to the International Accounting Standards Board (Board) in January 2013 and was reappointed for a second term in July 2017. Prior to joining the Board, Ms Tokar served as the global leader for KPMG’s International Financial Reporting Group, responsible for KPMG’s dialogue with global accounting regulators and standard-setters. 

At KPMG, Ms Tokar worked with engagement teams and clients in developed and emerging economies on their transition to and application of IFRS Standards. She served as a member of the IFRS Interpretations Committee from 2001 to 2007 and was a KPMG global leader for employee benefit and share-based payment accounting.

Previously, Ms Tokar worked at the US Securities and Exchange Commission (SEC) as the international senior associate chief accountant. Ms Tokar was the lead SEC representative for international accounting issues; she also chaired an international committee of securities regulators working on disclosure and accounting issues for the International Organization of Securities Commissions (IOSCO).

Ms Tokar holds an MBA from New York University’s Stern School of Business, US.


Michael Dakin, a high yield specialist, has been a partner at Clifford Chance since 2005 and leads the firm's global high yield practice.  Michael has extensive experience advising private equity sponsors, issuers and underwriters on high yield debt and leveraged finance transactions in Europe, the United States and Asia.

Michael is currently in his second term as Vice-Chairman of the AFME High Yield Division, he sits on the group's Executive Committee and has taken a lead on many of the policy and market related initiatives of the AFME High Yield Division.

In addition to primary issuance high yield and leveraged finance lending, Michael advises clients in a number of the other areas, including initial public offerings, especially those involving in private equity client portfolio companies, high yield related restructurings and general debt offering.

Prominent transactions on which he has advised in the last 12 months include advising Macquarie and TDC on one of the largest and most successful public-to-private transactions financed with High Yield Notes.  Michael represented the banks in connection with GetLink first of its kind green bond which was issued under an EMTN structure with high yield style covenants. As well as Logicor's largest ever euro issuance by a debut issuer and utilised a novel High Yield Notes-style covenant package in an EMTN programme.


Pansy Wong is a Managing Director and Associate General Counsel at JPMorgan Securities plc, where Pansy co-heads the EMEA Markets Legal Practice Group, a team of around 80 lawyers providing legal support to the Corporate & Investment Bank’s Fixed Income, Equities, Credit and Securities Services businesses.

Pansy joined JPMorgan in October 2016 and has over 20 years’ industry experience in private practice and in house roles. She previously held positions at Goldman Sachs, Linklaters and Morgan Stanley. Pansy spent over 15 years working in Hong Kong, and has worked in London since 2010.

Pansy is a solicitor admitted to practice in England & Wales and Hong Kong, and holds a Bachelor of Laws degree from Queen Mary & Westfield College, University of London.


Paul Atefi (London) joined KKR in 2017 and is a Director, focused on private debt and capital markets solutions for financial sponsors and corporate clients. Prior to joining KKR, Mr. Atefi was in the acquisition & leveraged finance team at J.P. Morgan, focusing on financial sponsor clients with additional responsibility for FIG corporate clients, having developed that leveraged lending vertical. Prior to J.P. Morgan, Mr. Atefi was at RBS, initially in the leveraged finance team and latterly in the global restructuring group. Mr. Atefi is a qualified chartered accountant, having qualified with PwC on their Transaction Services team. He graduated with first class honours from the University of Leeds.


Robert Boyle is active in all fields of corporate law, advising on a broad range of corporate transactions, particularly for quoted clients.

In addition to transactional work, Robert advises a number of listed issuers in respect of their on-going corporate advisory work, which requires a detailed understanding of the UK regulatory regime. Over the last few years, Robert has also been increasingly involved in advising clients on governance, controls and risk management issues and in respect of investigations.

Robert is a member of the City of London Law Society Company Law Sub-Committee and of the Securities Sub-Committee of the International Bar Association.


Sagar S. Teotia is currently the Acting Chief Accountant in the Office of the Chief Accountant (OCA) at the U.S. Securities and Exchange Commission (SEC).  In this role, Mr. Teotia leads the activities of the office’s accounting group which includes consulting with public companies and divisions and offices within the SEC on the application of accounting standards and financial disclosure requirements.   Mr. Teotia also serves as an advisor to the Commission on accounting matters while also working closely with private sector bodies such as the Financial Accounting Standards Board (FASB).

Prior to Mr. Teotia joining as Deputy Chief Accountant of the SEC, Mr. Teotia was a Partner at Deloitte in the National Office Accounting Consultation group (Accounting Consultation) in Chicago.  In his role in Accounting Consultation, he frequently consulted on accounting and reporting issues including matters related to financial instruments, business combinations, and compensation (stock based and pension).

Prior to joining Deloitte’s National Office in Chicago, Mr. Teotia was a professional accounting fellow (PAF) in OCA at the SEC.  Mr. Teotia’s responsibilities as a PAF included providing accounting conclusions on complicated technical accounting issues to SEC Registrants, actively monitoring and providing oversight comments to the FASB on current standard setting projects, and working on several special projects within OCA. 

Mr. Teotia received an accounting degree from the University of Illinois at Urbana-Champaign.  He is licensed to practice as a certified public accountant in Illinois. 


Sir David Green CB QC, formerly Director of the Serious Fraud Office (SFO), joined Slaughter and May on 22 October 2018 as a Senior Consultant in our Dispute Resolution department.

Following 3 years with the Defence Intelligence Staff, he was called to the bar in 1979. His practice over the following 25 years was in criminal law, acting for both defence and prosecution. He was appointed Recorder in 1997 and Queen’s Counsel in 2000.

In December 2004 David was appointed Director of the newly established Revenue and Customs Prosecutions Office (RCPO) by the Attorney General. He remained in that post until RCPO was merged with the CPS in 2010. Thereafter he headed the CPS Central Fraud Group until 2011, when he returned to the bar.

In April 2012 he was appointed Director of the SFO by the Attorney General, and his extended contract ended after 6 years in April 2018.

David’s term at the SFO will be remembered for his refocusing of the office, his instigation and oversight of high profile investigations and prosecutions, the first Deferred Prosecution Agreements (DPAs) and his leadership of the SFO in a challenging political context.


Todd Rothman is a Managing Director in J.P. Morgan's EMEA High Yield and Leveraged Loan Capital Markets team in London, having relocated from New York in 2010, where he worked for over 10 years. The group works closely with corporates and private equity firms to structure and syndicate a variety of transactions including LBO's, corporate acquisitions, recapitalizations and refinancings in the leveraged loan, high yield bond and mezzanine debt markets. Todd has spent his entire career at J.P. Morgan and its predecessors, joining Chase in 1999. Within the leveraged finance group, he has experience and expertise across a variety of industry and has executed roughly 200 transactions, raising over $200bn in capital. He received a B.S. in Management - Finance from Binghamton University.


Tony Singla is a junior barrister at Brick Court Chambers.  He is widely recognised as one of the leading juniors at the Commercial Bar.  In 2014 he was awarded “Commercial Litigation Junior of the Year” at the Chambers Bar Awards and in 2018 he was nominated for the same award by Legal 500.

Tony is recommended as a leading junior barrister in the fields of Banking & Finance and Commercial Litigation (amongst others) in the Chambers & Partners and Legal 500 directories and also in Who’s Who Legal.

In recent years Tony has acted in a number of high-profile and substantial disputes in the High Court on behalf of banks and financial institutions.  These include the Lloyds/HBOS Litigation in which he acted for Lloyds Banking Group and 5 former directors of Lloyds in a 5 month trial of claims brought by over 6,000 shareholders arising out of Lloyds’ acquisition of HBOS in 2008.


Yasmine Bassili  is a Managing Director, and head of the Debt Underwriting Group in EMEA within Goldman Sachs.  Prior to joining Goldman Sachs in 2007, Yasmine spent 10 years as a banking and Finance lawyer in New Zealand and London.


Christos is senior counsel in the Legal Department and heads the Equities Sales and Trading Legal Group in EMEA. He also has legal oversight of Global Investment Research in EMEA. He serves as counsel to the EMEA Securities Division Best Execution Committee and its subcommittees as well as to the EMEA Automated Trading Controls Committee. Christos joined Goldman Sachs in 2009 and became senior counsel in 2011. He was named managing director in 2015.

Prior to joining the firm, Christos was a financial regulation lawyer at Clifford Chance for five years. Before that, he was a junior research fellow at the University of Bristol.

Christos is a member of the Law Society of England and Wales and is a solicitor of the Supreme Court of England and Wales. He is also a trustee of the Foundation Trust of St Martin-in-the-Fields and a council member of the Institute of Classical Studies.

Christos earned a PhD from the University of Cambridge in 2001. He also earned an MPhil from the University of Cambridge in 1998 and a BA, with honors, from Aristotle University of Thessaloniki in 1996. Christos earned a Graduate Diploma in Law and completed a Legal Practice Course at BPP University Law School in 2003 and 2004, respectively.


Deborah is an executive director / senior counsel in the legal department to the Investment Banking Division at Goldman Sachs International. She also serves as co-chair of the firm’s EMEA Pro Bono Committee and is a member of the Steering Committee of the London Legal, Compliance, Internal Audit & Executive Office Women’s Network. Deborah joined Goldman Sachs in 2012. Prior to joining the firm, Deborah worked as a US Associate / Counsel at Linklaters, having worked in their Paris, Dubai and London offices. Deborah earned a BA in Political Science from Dartmouth College in 1995 and a JD from New York University School of Law in 2000.


Ewan is a partner in the firm’s Dispute Resolution and Global Investigations Groups. He has a broad-based contentious practice. He has a particular focus on financial institutions, acting in both litigation and regulatory investigations. Ewan also has experience advising in relation to corporate crime, competition claims, shareholder disputes, outsourcing and tax appeals.

Ewan is ranked as a leading individual for Banking Litigation and Litigation in Chambers UK, 2017. Ewan is recommended for Banking Litigation in Chambers UK, 2018.  He is also recognised as a leading individual for Banking Litigation in The Legal 500, 2017 and recommended for Commercial Litigation and Financial Services (Contentious).

Ewan is one of the firm’s two Diversity and Inclusion Partners and has responsibility for promoting diversity and inclusion in all areas of the firm.


Harry helps clients (primarily large investment and commercial banks) with heavyweight banking litigation matters and complex, strategically critical disputes as well as regulatory enforcement matters. He has recently acted on two of the biggest financial cases in the English courts: The Libyan Investment Authority v Goldman Sachs and The Lloyds/HBOS Shareholder Litigation.

His team is ranked in the first tier for banking litigation in Legal 500 and Chambers & Partners. It has also won several awards in recent years, including the Financial News Financial Litigation Team of the Year in 2013 and 2015. 

Harry is an expert in claims involving securitisations and other complex derivative products. He has also advised various banks on the close-out of their derivative and other open positions facing Lehman-related entities.

He has written extensively on finance-related litigation, is co-author of the English law chapter of the Securities Law Review and is one of the authors of Class Actions in England and Wales. Harry is described as "extremely hard working and clever" (Legal 500, 2017) and "a star in the making" who "works hard and provides really inventive and thoughtful input on cases" (Chambers & Partners, 2017).

Harry's experience includes:

  • successfully defending Goldman Sachs in a US$1.2 billion claim brought by the Libyan Investment Authority ([2016] EWHC 2530 (Ch)) in relation to a series of equity derivatives transactions, featuring allegations of undue influence and unconscionable bargain
  • advising Lloyds Banking Group and its former directors on a shareholder action (under a group litigation order) arising from the acquisition of HBOS at the height of the financial crisis, alleging breaches of duty in relation to the recommendations and disclosure given to shareholders in the circular
  • advising UBS on the regulatory enforcement action taken regarding trading losses of US$2.3 billion caused by the activities of Kweku Adoboli, and helping the bank support the prosecution in his criminal trial
  • advising DekaBank on a valuation dispute arising from close-out arrangements pursuant to outstanding repurchase and securities lending agreements conducted with Lehman Brothers entities
  • successfully defending UBS in Decura and others v UBS AG, London Branch ([2015] EWHC 171 (Comm)) relating to an alleged termination event under a joint venture agreement.


Jennifer has a particular focus on financial services litigation and large shareholder actions. She represents private and corporate clients including a number of international and domestic investment funds, investment banks, private trust companies and high-net worth individuals.

She was a key member of the team running the Lloyds-HBOS litigation, a claim pursued by a group of 6,000 former shareholders in Lloyds TSB against the directors of Lloyds Bank and Lloyds Banking Group for breaches of duty in relation to Lloyds TSB's acquisition of HBOS in 2009.  She also represents litigation funders on the enforcement of litigation funding agreements. Her practice combines High Court Litigation and Arbitration. 

Jennifer has spoken at international conferences on class actions and group claims and has written in the legal press on litigation funding and costs issues.


Joe is General Counsel, UK and EMEA, Deutsche Bank AG, based in London from 2016.  Joe joined the Bank in 2002 as General Counsel, Asia (ex-Japan) based in Hong Kong and subsequently became General Counsel, Asia-Pacific.

Before moving to Hong Kong, Joe was Special Counsel at Freehills (now Herbert Smith Freehills) Solicitors, based in Sydney, Australia, where he specialised in commercial litigation, financial service regulation and contentious regulatory matters.  Between 1996 and 2001 Joe was National Enforcement Director at the Australian Securities & Investments Commission based in Sydney, responsible for the national coordination and direction of all ASIC’s investigation, prosecution and enforcement activities, including periodic appointments as Acting Commission Member and Acting Chairman.

Between 1988 and 1995, Joe was a commercial litigation partner with Parker & Parker (now Herbert Smith Freehills) based in Perth, Western Australia specialising in corporate litigation and “white collar” defence and contentious regulatory matters. Earlier, between 1985 and 1988, Joe practiced as a commercial and corporate finance lawyer with Parker Chapin Flattau & Klimpl, and later Skadden Arps Slate Meagher & Flom, based in New York City, where Joe is also admitted to practice. Joe graduated from the University of Western Australia Law School and the Yale Law School (LL.M.).


Laura is general counsel of the Investment Banking Division (IBD) with global responsibility for the IBD Legal and the Capital Markets Legal groups. She serves as counsel to the Firmwide Commitments Committee and Asia Pacific Commitments Committee and is a member of the Firmwide Operational Risk Committee and the IBD Client and Business Standards Committee. Laura also represents the firm on the Equity Capital Markets Board of the Association for Financial Markets in Europe. She is the Legal Department’s MD ally for the Lesbian, Gay, Bisexual and Transgender Network.

Laura joined Goldman Sachs in 1998 as a vice president in the Special Execution Group (now IBD Legal) and became co- head of the European group in 2001. She was named managing director in 2004.

Prior to joining the firm, Laura was an associate with the London office of Sullivan & Cromwell from 1992 to 1996 and a vice president with J.P. Morgan Investment Management Inc. in London in the Legal and Compliance Department in 1997.

Laura earned a BA in International Relations from Michigan State University in 1988 and a JD from The Ohio State University College of Law in 1992.


Mr. Roll is Of Counsel to Shearman & Sterling LLP and currently serves as the firm’s General Counsel and, in that capacity, as a member of the firm’s Executive Group.  Prior to assuming the role of General Counsel in 2018, he was a partner in the firm’s Litigation practice group for 30 years, practicing in both the firm’s New York and California offices.       

Mr. Roll’s litigation practice over the years included representing clients in a variety of commercial and financial litigation. His practice featured bankruptcy and workout-related litigation, bank fraud and lender liability actions, private antitrust and securities actions, intellectual property litigation, and real estate litigation. In addition to trial level and bankruptcy court work in the foregoing areas in many jurisdictions around the United States, he also handled appeals in the U.S. Courts of Appeals for several circuits and state appellate courts in New York, California, Florida, Ohio, Texas, and elsewhere. Mr. Roll also handled arbitrations conducted under the auspices of the American Arbitration Association, JAMS, and the New York Stock Exchange in the United States, and the International Centre for the Settlement of Investment Disputes (ICSID) in Europe.

In his current role as the firm’s General Counsel, Mr. Roll oversees the firm’s compliance with regulatory and licensing requirements around the world, as well as its adherence to the professional responsibility and ethics rules in all the jurisdictions in which it practices.  He also has overall responsibility for the firm’s conflicts-checking and anti-money laundering and “know-your-client” processes in connection with its taking on new clients and matters.

Mr. Roll received his undergraduate degree from Boston College in 1976 and his J.D. degree from Cornell Law School in 1979.  Following law school and before joining Shearman & Sterling, he served as a law clerk for the late Honorable Thomas C. Platt in the U.S. District Court for the Eastern District of New York.


Peter represents issuers, underwriters and selling shareholders in connection with offerings of securities, including IPOs, follow-on and secondary offerings, block trades, rights offerings and offerings of convertible and exchangeable bonds.

Peter is active in bar association activities and has served as an officer of several committees, including the IBA Capital Markets Forum, the International Securities Matters Subcommittee of the ABA Committee on the Federal Regulation of Securities and the ABA International Securities & Capital Markets Committee.

Peter has written several articles on securities law topics, including the following:

  • US Private Placements: When Rule 144A is unavailable, PLC, July, 2015.
  • SAS 72 letters: Seeking comfort, PLC, May, 2013.
  • Another way in, IFLR, March, 2012.

Before joining Proskauer, Peter was Deputy General Counsel for Citi and advised the Equity Capital Markets Division and Investment Banking Division. While at Citi, Peter worked on most of Citi’s ECM transactions in Europe, the Middle East and Africa.

Memberships

  • Chairman, American Bar Association Federal Regulation of Securities: International Securities Matters Subcommittee
  • Co-Chairman, American Bar Association International Securities & Capital Markets Committee
  • Chairman, International Bar Association Capital Markets Forum

Other Distinctions

  • Chambers UK: Capital Markets Equity "Recognized Practitioner" 2016-2019
  • The Legal 500 United Kingdom: Corporate & Commercial – Equity Capital Markets 2014-2017

Education

Georgetown University Law Center, J.D.


Ravi is a Partner in City of London law firm, Pinsent Masons LLP, and a qualified barrister with significant experience in conducting complex disputes on behalf of financial institutions, including asset managers and associated insurers and pension companies.

Ravi is a Partner in international law firm, Pinsent Masons LLP, and a qualified barrister. He has also acted (on secondment) as the Head of Disputes of a FTSE 20 financial services company, comprising one of the UK’s largest Asset Managers by AUM.

Ravi's core practice includes (a) advising on governance policies and procedures relating to bondholder litigation and securities class actions; (b) managing material commercial litigation arising from execution errors, licensing and other third party disputes; (c) creating joint defence and novel litigation co-operation agreements for peer institutions to share resources in the largest UK class actions (including RBS Rights Issue); and (d) advising on the merits and conduct of securities class actions and regulatory enforcement actions.  In addition, Ravi has advised clients on the design and implementation of private sector compensation schemes in the UK to compensate customers for alleged mass torts, including the negotiation of these schemes with financial and other regulators.

He has been involved in reported cases in a wide range of jurisdictions, including England, the Caribbean, the United States, India and North Africa. Ravi continues to draft pleadings and conduct advocacy. As a junior, Ravi travelled to Dubai and Egypt to assist on cases and was the judicial assistant to the President of the Queen’s Bench Division in the Civil Court of Appeal, The Rt Hon Sir Anthony May.

Ravi has been awarded numerous scholarships by the Honourable Society of Lincoln's Inn and has studied at the University of Oxford where he taught on the BCL/MJur and where he also convened the Law Faculty’s Civil Procedural Justice and Evidence Discussion Group, including undertaking in-depth research of comparative class action methodologies and reform.

In his spare time, Ravi champions diversity in the workplace and in financial services institutions and was the Chair of the Board of Directors of London’s largest mental health charity.


Sandra Moser is a Partner in the Washington, D.C. office of Quinn Emanuel Urquhart & Sullivan, LLP, where she serves as Co-Chair of the firm’s Investigations, Government Enforcement and White Collar Criminal Defense Practice and Co-Chair of the Crisis Law & Strategy Practice Group. Ms. Moser’s practice focuses on the representation of companies, boards of directors and senior executives in investigations, sensitive matters, corporate crises, litigation and other disputes involving law enforcement and regulatory agencies around the world.

Ms. Moser is the former chief of the Department of Justice (DOJ) Fraud Section in Washington, D.C., which has exclusive criminal enforcement jurisdiction over the DOJ’s enforcement of the Foreign Corrupt Practices Act (FCPA) and routinely handles many of the world’s most significant economic crime cases, including securities and commodities fraud, manipulation of financial markets, False Claims Act and other healthcare-related violations, and international money laundering offenses. Ms. Moser is an experienced trial lawyer who, prior to assuming the chief role, served the Fraud Section in several other leadership positions and also was for several years a federal prosecutor in the District of New Jersey’s elite Special Prosecutions Division. Prior to joining the Department of Justice, Ms. Moser worked in private practice and served as a federal law clerk for the U.S. District Court for the Eastern District of Pennsylvania and the U.S. Court of Appeals for the Third Circuit.

Ms. Moser earned her law degree at the Northwestern University Pritzker School of Law, where she graduated cum laude and served as editor for the Journal of Criminal Law & Criminology. She earned her undergraduate degree at the University of North Carolina at Chapel Hill, where she was awarded two degrees, in Journalism and Women’s Studies, and graduated first in her class.


Nick Shaw is a Partner in the Firm's Corporate Department. He represents private equity sponsors and banks in capital markets and acquisition finance transactions. His private equity financing experience includes numerous representations for sponsors such as KKR, Apax and Blackstone and their portfolio companies.

He received his B.A.(Jur.) from the University of Adelaide in 1991, his LL.B.(Hons.) from the University of Adelaide Law School in 1994, an LL.M.(Comm.) from the University of Adelaide Law School in 1997 and an LL.M. from Columbia University School of Law in 1997. He was a James Kent Scholar at Columbia in 1997.


Brad Gans was the Chief Legal Officer for Europe, Middle East and Africa until November 2017, covering all businesses within the region.  He is currently the Citibank, N.A. London Branch Manager.  Previously Brad was Senior Deputy General Counsel for Citi’s Markets and Banking in EMEA.  Prior to moving to London in 2000, Brad was the General Counsel for SSB’s New York investment banking and capital markets divisions.  Brad has been with Citigroup since April 1993.

Prior to joining Citigroup, Brad was an Associate in the General Practice Group at Sullivan & Cromwell in New York from September 1985 to April 1993.

Brad received his B.A. from William Jewel College, summa cum laude in 1981.  He received his Masters at Cambridge University in 1982 and his J.D. from Washington University in May 1985.  He was admitted to the Roll of Solicitors for England and Wales in 2011.


Erik Morris is a Managing Director and the Head of EMEA Legal for the Investment Banking and Capital Markets division of Credit Suisse. He is responsible for providing legal coverage for a range of investment banking products, including debt capital markets, equity capital markets, leveraged finance and mergers and acquisitions.

Erik joined Credit Suisse in 2009. Previously he was at Herbert Smith (London) and Skadden Arps (New York).  He was educated at the University of California, Los Angeles (B.A.) and the University of California, Berkeley (J.D.).


John W. White is a partner in Cravath, Swaine & Moore LLP's Corporate Department and serves as Chair of its Corporate Governance and Board Advisory practice. From 2006 through 2008, he served as Director of the Division of Corporation Finance at the U.S. Securities and Exchange Commission, which oversees disclosure and reporting by public companies in the United States. During his over 25 years as a partner at Cravath, John has focused his practice on representing public companies on a wide variety of matters including, more recently, public reporting and disclosure obligations, corporate governance matters and restatements, revisions and other financial crises.

John is a member of the Financial Accounting Standards Advisory Council (FASAC), which advises the Financial Accounting Standards Board (FASB). From 2010 to 2018, he served as a member of the Standing Advisory Group (SAG), which advises the Public Company Accounting Oversight Board (PCAOB). John is a member of the Board of Directors of Financial Executives International (FEI) and a member of the Board of Trustees and Chair of the Audit Committee of the Practising Law Institute (PLI). He served three years on the New York Stock Exchange’s Legal Advisory Committee, four years as Chairman of the Securities Regulation Institute, five years as Co-chair of PLI’s Annual Institute on Securities Regulation and six years on the Board of Trustees and Audit Committee of the SEC Historical Society. John was twice selected by the National Association of Corporate Directors (NACD) as one of the 100 “most influential people in the boardroom and corporate governance community.”

 


William H. Hinman is Director of the SEC’s Division of Corporation Finance.  The Division seeks to ensure that investors are provided with material information in order to make informed investment decisions, provides interpretive assistance to companies with respect to SEC rules, and makes recommendations to the Commission regarding new and existing rules.

Before serving at the Commission, Mr. Hinman was a partner in the Silicon Valley office of Simpson Thacher & Bartlett LLP, where he practiced in the corporate finance group.  He has advised issuers and underwriters in capital raising transactions and corporate acquisitions in a wide range of industries, including technology, e-commerce, and the life-sciences.

Prior to joining Simpson Thacher in 2000, Mr. Hinman was the managing partner of Shearman & Sterling’s San Francisco and Menlo Park offices.  He received his B.A. from Michigan State University with honors in 1977 and his J.D. in 1980 from Cornell University Law School, where he was a member of the Editorial Board of the Cornell Law Review.  He is a member of the Bar Association of the State of California and the Association of the Bar of the City of New York.  Mr. Hinman also is a fellow of the American Bar Foundation.


Cecil Quillen is a London-based U.S. partner of Linklaters LLP, and is the leader of the Firm’s global U.S. securities practice.  He works on a broad spectrum of securities and finance matters, with a special emphasis on cross-border offerings of debt and equity securities, particularly emerging-markets, investment-grade and high-yield/covenant-intensive debt securities, and is also actively involved in U.S.-related aspects of the Firm’s structured finance practice.  Cecil regularly speaks at a variety of professional conferences, is an officer of the Securities Law Committee of the International Bar Association and chairs its Underwriting and Distribution Subcommittee, sits on the Advisory Committee for Securities Regulation in Europe of the Practising Law Institute and served from 2005 until 2016 as a member of the board of directors of the High Yield Division of the Association for Financial Markets in Europe (formerly the European High Yield Association).

Cecil is also a member of the board of directors of Bank of Georgia Group PLC, the London-premium-listed/FTSE-250-constituent holding company for the largest commercial bank in Georgia. He is a trustee of the University of Virginia Law School Foundation and UK Friends of Harvard University.

Cecil became a partner of Linklaters in 1996 and was resident in the Firm’s New York office before transferring to the London office in 2000.  He was educated at Harvard (A.B., 1985) and the University of Virginia (J.D., 1988), clerked for Hon. John D. Butzner, Senior Circuit Judge, U.S. Court of Appeals, Fourth Circuit, and practiced for a number of years at a large New York-based law firm, before joining Linklaters.  He is admitted to practice in New York and the District of Columbia.


Mark S. Bergman is the head of the Global Securities and Capital Markets Group at Paul, Weiss, Rifkind, Wharton & Garrison LLP and is resident in the firm’s London office. Mr. Bergman joined Paul, Weiss in 1982 and was elected to partnership effective January 1, 1991. In the early 1990s, Mr. Bergman was the resident U.S. corporate partner in the firm’s Paris office.

Mr. Bergman has extensive experience in corporate finance transactions in which U.S. and non-U.S. issuers access the equity (ECM) and debt (DCM) capital markets. He has handled issuer and underwriter representations since the early 1980s, was instrumental in establishing the Securities and Capital Markets Group at Paul, Weiss in the early 1990s and began focusing on cross-border capital markets transactions in the mid-1990s. 

Mr. Bergman has handled the full range of ECM mandates, including initial public offerings, rights issues/open offers and other forms of follow-on offerings, exchange offers, privatizations, spin-offs/demergers, accelerated book-build offering and the establishment of ADR programs, and the full range of DCM mandates, including MTN and EMTN programs, Yankee bond offerings and high yield debt offerings (including in the context of leveraged acquisitions). He also has extensive experience representing financial institutions in connection with offerings of perpetual and dated hybrid securities for regulatory capital purposes, including instruments with innovative loss absorption provisions. He has significant experience with SEC-registered offerings, and he has handled Rule 144A offerings since the exemption was promulgated in April 1990, having been among the first to convert a public template to a Rule 144A template within weeks of the effectiveness of the exemption.

Over the years, Mr. Bergman has been involved in a range of domestic U.S. and cross-border public M&A transactions. In the cross-border M&A sarena, Mr. Bergman has advised on cross-border tender offers, exchange offers and going private transactions involving listed companies in the United States as well as other companies with significant levels of U.S. shareholders.

Mr. Bergman advises a range of listed companies on reporting and other obligations under the securities laws, the establishment of corporate compliance programs, and compliance with corporate governance standards under the securities laws and stock exchange rules. He has advised companies in connection with SEC and other U.S. regulatory investigations, and stock exchange proceedings.

Since 1990, Mr. Bergman has been involved in the preparation of many of the firm client alerts on securities law and corporate governance developments. He is a frequent contributor to professional journals and other publications. He regularly serves as a panelist at conferences and seminars on a range of capital markets, financial reporting, corporate governance, corporate compliance and other securities law topics, including trends in the global capital markets, emerging disclosure topics and securities enforcement trends. He is one of the firm's two principal points of contact on issues relating to the June 2016 UK referendum on withdrawal from the European Union.

Mr. Bergman received his B.A. from Bowdoin College in 1978 (magna cum laude), his M.A. from the University of Virginia in 1979 and his J.D. from Washington College of Law, American University, in 1982, where he was editor-in-chief of the Law Review. Mr. Bergman is admitted to the Bars of the State of New York and the District of Columbia.


Nicholas Baumgartner is Deputy General Counsel at Citi and is based in London. Nicholas joined Citi in 2010, and is responsible for legal coverage of Citi’s equity capital markets and equity-linked businesses throughout Europe, the Middle East and Africa. Previously, Nicholas worked in the corporate department of Freshfields Bruckhaus Deringer, where he began his legal career. At Freshfields, Nicholas was based in the firm’s London and Frankfurt offices, and also spent significant time working in the firm’s Hong Kong office. In 2013, Financial News named Nicholas as one of its “40 under 40 Rising Stars” in the European legal profession. 

Nicholas’ expertise includes initial public offerings and listings on global stock exchanges; follow-on offerings of major financial institutions and corporates; offerings of equity-linked securities, in particular by FIG and emerging market issuers; SEC-registered offerings and ongoing reporting filings; offerings of high-yield debt; cross-border M&A transactions; private placements; and accelerated equity offerings and block trades. 

Nicholas is admitted to the New York State Bar and holds a J.D. from Vanderbilt University Law School, a B.A. in German Literature from Oberlin College and a B.Mus. in Piano Performance from Oberlin Conservatory of Music. Nicholas has published articles in the Vanderbilt Journal of Entertainment and Technology Law and in BACH, Journal of the Riemenschneider Bach Institute.


Sebastian R. Sperber is a partner at Cleary Gottlieb Steen & Hamilton LLP based in the London office. Sebastian’s practice focuses on international capital markets transactions and merger and acquisition transactions. He regularly counsels companies on compliance with U.S. securities law requirements and related corporate governance matters.

Sebastian has devoted a substantial amount of time to working on global equity offerings, including privatization transactions in several countries. Sebastian’s M&A experience includes both public and private transactions in various industries in Europe and Asia. His practice also includes derivative products, and he has assisted a number of clients in structuring OTC and listed instruments.

Sebastian has been recognized by Chambers Global, Chambers UK, The Legal 500 UK and IFLR 1000: The Guide to the World’s Leading Financial Law Firms for his work in the debt and equity capital markets, and by IFLR 1000: The Guide to the World’s Leading Financial Law Firms in the M&A category.

Sebastian is widely published on topics in the capital markets, and frequently speaks on such topics at professional conferences. Publications co-authored by him include the firm’s treatise on U.S. Regulation of the International Securities and Derivatives Markets and The Sarbanes-Oxley Act: Analysis and Practice (2003).

Sebastian received a J.D. in 1988 from Columbia Law School, where he was a Harlan Fiske Stone Scholar and Editor-in-Chief of the Columbia Journal of Transnational Law, and a Bachelor of Arts, cum laude, in 1985 from Columbia College.

Sebastian joined the firm in its New York office in 1988 and became a partner in 1997. From 1990 to 2000 (except for a stint in Hong Kong in 1998), he was resident in the London office. He spent 2001 to early 2004 in Hong Kong and then returned to London. He is a member of the Bar in New York.


Stephen A. Thierbach is a US-qualified corporate partner in the London office of Gibson, Dunn & Crutcher.

Mr. Thierbach has a broad cross-border equity and debt capital markets transactions practice. A U.S. qualified lawyer, he advises issuers and underwriters on complex, innovative and multi-jurisdictional offerings of equity, equity-related and debt securities. He has represented governments, companies, selling security holders and investment banks in major financial centres and developing markets.

Prior to joining Gibson Dunn in March 2016, Mr. Thierbach was a partner with Herbert Smith Freehills from 2010 to 2016, most recently serving as the Global Head of its Capital Markets Practice. Before that, he was a partner with Linklaters in London from 1995 to 2010, where he co-led its capital markets practice and served as head of the U.S. practice. He was an associate at Sullivan & Cromwell in New York and London from 1987 to 1994.

Mr. Thierbach is recognized as one of the top equity capital markets lawyers in London by Chambers & Partners and as a leading individual in London equity capital markets by Legal 500.

Education
Harvard University - 1987 Juris Doctor, cum laude
University of Virginia - 1984 Bachelor of Arts, with highest distinction

Admissions
England & Wales - Solicitor - Registered Foreign Lawyer
New York Bar


Adam is a Managing Director of Morgan Stanley and is Chief Risk Officer of the firm’s Global Capital Markets business in EMEA, based in London. Adam joined Morgan Stanley in 2010, working in Equity Capital Markets. In his current role, among other responsibilities, he chairs Morgan Stanley’s EMEA Equity Underwriting Committee and oversees the Capital Markets Execution and Transaction Management teams across equity and debt products in the region. Adam also represents the firm on Capital Markets boards and committees of industry organisations in EMEA, including the Association for Financial Markets in Europe and the International Capital Markets Association. Before joining Morgan Stanley, Adam was a corporate lawyer at Linklaters LLP in London. Adam holds a Bachelor of Law degree from the University of Exeter.


Andrew is EMEA general counsel of Goldman Sachs and head of the EMEA Legal Department. He serves as counsel to the European Management Committee and the Board of Directors of Goldman Sachs International and counsel to, and member of, the Firmwide Suitability Committee and EMEA Conduct Risk Committee. He joined Goldman Sachs in 2000 and was named managing director in 2006 and partner in 2016.

Prior to joining the firm, Andrew qualified as a solicitor at Herbert Smith in London.
Andrew earned a BA in Literae Humaniores from Magdalen College, Oxford, in 1992.


As part of the Vannin Capital team, Rosemary has been at the forefront of the development of dispute resolution funding over recent years, both in the UK and globally. She has particular experience funding insolvency claims, competition claims and group actions both in the UK and across the globe.

Rosemary is a solicitor of the Courts of England and Wales. Before joining Vannin, she was a Senior Associate in the Litigation department at Allen & Overy LLP in London, where she trained and qualified. While at Allen & Overy, Rosemary spent time on secondment at the Court of Appeal as Judicial Assistant to Lord Justice Dyson (now Lord Dyson) and at TUI Travel Plc.
Rosemary has extensive experience in a wide range of corporate and financial disputes both in England and internationally, acting for large corporations, banks and other financial institutions. She also has expertise in managing complex cross jurisdictional disputes both as a practicing solicitor and funder.
Rosie regularly contributes to articles and presents on a wide range of topics in connection with dispute resolution funding, with a particular focus on the benefits of funding to well capitalised claimants, the global growth of funding and its impact on the dispute resolution landscape and the development of group actions across the world. 
In 2017, Rosie was elected Executive Committee Member of the RUSSIAN AND CIS ARBITRATION NETWORK (RCAN) and in 2018 to the Executive Committee of RAIIDAR.


As Vice Chairman, Stakeholders & Client Service, Mike is responsible for overseeing PwC’s Government, Regulatory Affairs & Public Policy Office. In this role, Mike engages with a broad range of regulators, government agencies, legislative bodies, and non-government organizations important to PwC and its clients.

Mike has more than 30 years of professional experience with PwC.

Prior to his appointment as a Vice Chairman, he was the firm's Managing Partner, Assurance Quality where he led PwC's U.S. Assurance National Office (National Office). National Office functions include: Accounting Services; SEC Services; Risk Management; Strategic Thought Leadership; and Auditing Services Methods and Tools. In this role he was also responsible for PwC's Assurance Learning & Development, Regulatory Relations, and Inspections groups.

Prior to his appointment as a Managing Partner, Mike held other National Office leadership positions including: U.S. National Office Leader; U.S. Chief Accountant; U.S. Risk Management Leader; and National Office Accounting Consulting Partner. Prior to joining the National Office, he served as a Global Engagement Partner on a number of multinational SEC registrants focused primarily in the chemical/industrial products sector. 

Mike served on PwC's U.S. Board of Partners and Principals, including the Finance, Governance, and Clients and Strategy committees.

From 2010-2016 Mike served as member of the Public Company Accounting Oversight Board's (PCAOB) Standing Advisory Group (SAG). He also served on The Center for Audit Quality's (CAQ) Professional Practice Executive Committee (PPEC) which he chaired from 2011-2016. Mike is a frequent speaker at profession related events and is a member of the AICPA and PICPA.


Diana is a partner in the International Capital Markets practice at Allen & Overy LLP, resident in the Paris office. Diana specializes in US-targeted cross-border capital markets transactions, including debt offerings, IPOs, secondary equity offerings, rights offerings, recapitalizations and liability management by foreign private and sovereign issuers. She has represented issuers and underwriters across Europe, the Middle East and Africa, and has significant experience in sovereign debt markets and the financial services industry. She also advises foreign private issuers and shareholders on compliance with U.S. federal securities regulation, including financial reporting and disclosure obligations. Diana is admitted to the Bar of the State of New York and the Paris bar. 

Education
J.D., Harvard Law School, 1998
A.B., Vassar College, 1994


Mr. Banes, a partner based in Davis Polk’s London office since 1994, represents clients in all types of corporate finance transactions involving financial institutions and other European companies. He is also a member of the firm’s white collar and criminal defense practice and the internal investigation practice, and advises non-U.S. and U.S. companies on investigations and compliance matters and related corporate governance, financial reporting and disclosure issues.

Recent Representations
Capital Markets

  • SEC-registered and Rule 144A/Regulation S offerings (including equity, convertible debt, preferred securities, investment-grade and other debt) by European financial institutions, including ABN AMRO, Deutsche Bank, Lloyds Banking Group, UBS, Julius Bär and DnBNor
  • IPOs by European issuers, including ABN AMRO, Telecolumbus, Scout24 and Schaeffler AG.
Corporate Governance, International investigations and Compliance
  • U.S. and non-U.S. companies on the U.S. Foreign Corrupt Practices Act (FCPA) and related anti-corruption matters, including internal investigations and transactional and governance advice
  • Siemens AG on the resolution of the SEC and Department of Justice investigation into violations of the FCPA
  • The audit committee of Royal Dutch Shell in connection with their investigation of Shell’s recategorization of oil and gas reserves
M&A
  • Edwards Group on its sale to Atlas Copco
  • A major European transportation company on various global operational joint ventures
  • Financial advisers to Mittal Steel on its unsolicited offer for Arcelor
Of Note

Mellon Fellow in History, Columbia University, 1986-1987
Teacher (English), Tunghai University, Taichung, Taiwan, 1984-1986

Education
A.B., Princeton University, 1984, summa cum laude
J.D., Yale Law School, 1991, Coker Fellow


Sachin (Sach) is a U.S.-qualified partner in the international capital markets department of Allen & Overy in London. Sach specialises in advising foreign governments, issuers and investment banks in connection with international debt and equity offerings, including Rule 144A, Regulation S and other private placement transactions as well as U.S. SEC- registered offerings. Sach is an active member of our EMEA practice and has played a key role in a large number of equity and debt transactions within developed and emerging markets in the region.

Sach has been ranked as a leading individual for emerging markets and a noted lawyer for debt capital markets in the latest edition of Legal 500 as part of A&O’s tier 1 teams in debt capital markets and emerging markets, a highly regarded lawyer in IFLR 1000 and has been ranked by Chambers for his capital markets work in Turkey. Sach worked in New York for eight years before joining Allen & Overy in 2008 and has been a partner since 2011.

Professional qualifications

  • Admitted to the bar, State of New York, USA, 2000
  • Admitted as barrister and solicitor, Ontario, Canada, 2000
  • Registered foreign lawyer, England and Wales, 2011

Academic qualifications
BA, Economics
LLB (Hons), University of Toronto, 1998
MBA, University of Toronto, 1998


Tim is a Director, deputy General Counsel at Citigroup Global Markets Limited in London. Tim currently heads up the DCM Legal team in the Banking and Capital Markets and Advisory legal group in Citigroup in EMEA. He has more than 21 years’ experience as a qualified capital markets lawyer. He joined Citigroup from Deutsche Bank in March 2006 and before that he trained at Simmons and Simmons and qualified into the Banking Department there. 

His team’s product area covers: debt securities (plain vanilla RegS and 144A issuance), capital instruments (AT1 and tier 2 debt and hybrids), liability management, high yield issuance and sukuk bonds. Tim has worked with a wide variety of clients across investment grade and the emerging markets, encompassing corporates, financial institutions, Sovereigns and sovereign agencies.

Tim is a member of the ICMA Legal and Documentation Committee and is involved with regulatory review and implementation within Citigroup and Citigroup’s interaction with Regulators. Tim is also a regular speaker at conferences on a number of current Debt Capital Markets topics.