Banking & Finance
Glaister Ennor has been involved in the financing of a number of large projects in New Zealand. In addition to acting for banks, non-bank deposit takers, and other financers, we have our own mortgage lending business. As such, we are experienced lenders and credit managers.
Our approach is based not only on our technical expertise but also on our practical knowledge and success as a lender. We work with banks, other first mortgage lenders, brokers, and mezzanine financiers on a daily basis. This network enables us to structure financing transactions, sometimes involving multiple lenders, and to add value to our clients and their businesses.
We are focussed on providing financing solutions, which goes further than putting deals together. Sometimes, our work involves putting an enduring lending structure in place. As an example, we recently advised a number of law firms on replacement structures for their nominee lending businesses.
We are also involved in cross-border transactions. These transactions often involve hedging strategies and over-the-counter derivatives facilities. Having staff who have worked in financial institutions is invaluable to this part of our practice; particularly because clients rely on our understanding of the drivers behind these complex transactions.
In addition to property and commercial finance, we have extensive experience acting for consumer lenders. This work has involved assisting clients through the difficulties of the global financial crisis, dealing with the challenges of greater regulation, and then restructuring to take advantage of the opportunities that have followed.
We live in a time of ever increasing compliance and regulation. Finance is no exception. Our clients trust us to represent them with their key regulators, the Financial Service Providers (FSP) Registrar, Commerce Commission, Reserve Bank, and the Financial Markets Authority (FMA). This work invariably involves working through a process with the regulator to achieve a successful outcome. Examples include Commerce Commission investigations, challenging FSP registrations, and obtaining managed investment scheme licences from the FMA.
The flip side of lending is getting the money back. Sometimes enforcement action needs to be taken. Enforcement options include mortgagee sale, receivership, liquidation, and court action. Our specialists work with clients on choosing the strategy to achieve the best possible recovery, then implementing it.
Our own financing and investment businesses, close involvement in other such businesses and our specialists’ industry experience enhance our expertise. Not only do we know the issues that arise, but also we understand the solutions that need to be applied. We offer clients more than just advice as specialist lawyers, but also as commercial experts who can help structure or restructure the business or the deal.
Clients value this specialist service and expertise. And, we really enjoy creating financing and investment solutions that work for them. It is extremely rewarding to see our efforts become successful for our clients.
Our expertise includes:
- Property development and project financing
- Business, asset and acquisition financing
- Debt capital markets
- Investment structuring and leveraging
- Nominee lending
- RBNZ licensing and other compliance
- Financial markets regulation
- Anti-money laundering
- Consumer financing and responsible lending
- Insolvency, recoveries and mortgagee sales