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We can provide advice on agreements between lenders and borrowers to restructure and/or waive loan terms (including financial covenants), the introduction of short term payment holidays and additional working capital funding solutions.
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Key contact - Tony Cameron
Tony has significant experience in acting for both lenders and borrowers in a wide range of transactions including acquisition finance, real estate finance, project finance, housing finance, asset finance, working capital solutions and restructuring/refinancing. View full profile.
Trusted advisers to funders and borrowers
We are trusted advisers to both banks and borrowers, providing specialist legal advice on banking and finance issues across all sectors.
Our team advised on around 500 transactions in the past year – deals worth around £1 billion in total – and our firm is regarded as one of the country’s leading dealmakers with extensive corporate mergers and acquisitions experience.
We act for most of the main funders active in the UK market, including the biggest international banks, mezzanine funders and crowdfunding lenders.
A significant portion of our work involves advising non funder clients in relation to their interaction with banks and financial institutions. We are trusted advisers to many of the firm’s clients, from SMEs to large corporates, on all banking and finance issues that arise in their businesses.
Our specialists work with funders and businesses at all stages in the economic cycle, from start-up through to specific transactions and from ongoing trading issues to turnaround and restructuring.
Much of our work has multi-jurisdictional aspects and we often work with legal firms across the world in structuring and completing banking and finance transactions.
We are adept at project managing transactions to make the process as straightforward as possible for our clients and are focused on driving deals forward to ensure that we deliver the best outcome possible for our clients in the desired timescale.
Contact us
Call the team for free on 0330 159 5555 or complete our online form below for legal advice or to arrange a call back.
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Jacqui Fraser
Partner
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Tony Cameron
Partner
Why choose us?
The breadth of our experience with financial institutions, funds and lenders, including in-house placements at major UK banks, means we understand what's important when funding transactions - insight that is invaluable when acting for lenders and borrowers alike.
Our vast experience of advising businesses of all sizes on banking and finance matters means we also understand their key motivations and needs – this makes us ideal advisers to borrowers and gives us an extra dimension when advising funders.
We don’t simply provide the first class advice you expect from your legal advisers, we provide practical, commercially driven solutions to the issues that you face.
Key services
For funders
We are acutely aware of the primary concerns of lenders when funding transactions and ensure that:
- Key assets underpinning the lending are secured or otherwise protected
- The debt and security is workable and flexible
- All financial and other covenants are appropriate to the deal and correctly drawn
- Our advise is clear and concise
- We provide strategic legal solutions
For borrowers
We make it our business to understand the context in which your business operates and ensure that the requirements of your lenders and the terms of funding documentation recognise all relevant factors. We ensure that:
- The funding solution adequately matches your needs
- The security and lending structure does not unduly impinge on your business flexibility
- The availability of funds is sufficiently certain
- Covenants and defaults are not unduly onerous
Other services
General corporate and commercial banking
Advising on day-to-day lending and borrowing matters including new corporate facilities, refinancing and renewal of existing facilities and creation of security. We draft and advise on bank standard documentation, Loan Market Association (LMA) documentation, bespoke documentation and bilateral and syndicated lending.
Acquisition Finance
Advising in relation to various types of transaction, including management buy-outs, management buy-ins, mergers and acquisitions. Our experience includes transactions funded by way of senior, mezzanine and subordinated debt and private equity, regarding complex structures and sizeable deal values.
Property finance
Advising on real estate finance facilities and creating property backed security for a wide range of sectors including trading businesses, healthcare and rural & agriculture.
Project finance
Advising on high-value project finance transactions across a range of sectors. We have extensive expertise in dealing with all aspects of projects including bank and capital market funding, security structures, intercreditor arrangements, due diligence and step in arrangements.
Housing finance
Advising housing providers and lenders on high-value housing finance transactions, bank documentation advice, grant funding agreements and security documentation.
Asset finance
Advising in all areas of asset finance including acting in relation to invoice discounting and receivables, equipment finance and asset-backed lending transactions. Our expertise includes drafting and negotiating asset finance documentation and advising on this form of funding as part of acquisition finance and turnaround transactions as well as an alternative source of working capital.
Restructuring
Advising on a wide range of impaired asset solutions including equity restructuring, property participation, security enhancement and security realisation.
Professional negligence
Extensive experience of advising on professional negligence matters as it affects both those in the banking sector and their customers.
Crossborder transactions
Advising on international and multi-jurisdictional transactions with Scottish aspects.
Harper Macleod frequently advises both lenders and borrowers, and notable for its work with intercreditor issues and crowd funding. Strong real estate and acquisition financing practice, with further capabilities in project finance and debt restructuring. Offers expertise in a variety of industries, including healthcare, social housing, and agriculture.
Chambers UK
Harper Macleod LLP has excellent relationships with clients, which are "underpinned by great communication, collaboration and a sensible commercial approach".
The Legal 500
I have used Tony Cameron for legal and commercial advice for eight years across a wide range of sectors, deal size and complexity. He has provided us with invaluable insight and knowledge and brought the Firm's wider expertise to the fore when required. A team player with a critical focus on delivery, executed with pace and passion. He always gets back to you at the first opportunity an excellent communicator and commercially aware just what you need.
Murdoch MacLennan, former Regional Head of Business Development, Clydesdale Bank plc
Harper Macleod is noted for advising P2P lending firms.
Chambers UK
Bank of Scotland Real Estate team have established an excellent working relationship with Harper Macleod (Jacqui Fraser) over many years. They have acted on our behalf on a large number of transactions incorporating refinances, new acquisitions and development facilities. The service we receive is excellent and we continue to grow the relationship with both parties enjoying reciprocal business on a regular basis. The cohesive approach between Jacqui, her team and the Bank demonstrates great team working and collaboration, delivering a positive outcome for both existing and new property clients.Nigel Walker, National Senior Manager Property, Bank of Scotland
Clients say that the team's "technical ability and subject knowledge is really strong, and getting to know our business in a relatively short period of time has been really helpful."
Chambers UK
Our clients include
- AIB
- Clydesdale Bank plc
- Clyde Group
- Fred. Olsen
- Genesis Renewable Energy
- HSBC
- Lloyds Banking Group
- Optical Express Group
- PV Solar Investments
- Santander
- Scottish Motor Auctions
- Webhelp UK
Work examples
Provision of lending facilities
We advised on the provision of facilities by a major bank to an expanding healthcare provider to finance the development of a new facility. We drafted, negotiated and finalised a bespoke LMA based facility agreement. We also drafted, negotiated and finalised the security, guarantee and subordination documentation, provided advice to the bank on a complex ownership and sale structure and carried out property and construction diligence.
Marine Finance
We advised a ship owner on the funding package to acquire a new vessel, refinance an existing vessel and to refinance the investment and debt in reference to a third vessel. We negotiated and finalised all associated lending security, guidance, international and charter documents as well as managing the complex cross jurisdiction aspects of the transaction.
Acquisition finance (cross border)
We advised in a transaction involving the acquisition and refinancing of a major company operating in the UK healthcare sector. We acted as Scottish advisers in drafting, negotiating and finalising the facility and property security documents, together with carrying out the property diligence on the Scottish properties. We also provided a Scots law legal opinion and drafted, negotiated and finalised a bespoke ranking agreement.
Provision of revolving credit facilities
We advised on the provision of revolving credit facilities by a major bank to a range of businesses operating in the food, leisure & hospitality sector. We drafted, negotiated and finalised bespoke revolving credit facility documentation, together with preparing all guarantee, security and ranking documentation and carrying out property diligence on behalf of the bank where required.
Refinancing acquisition costs (cross-border)
We advised on refinancing the costs of a retail site and the development by it of commercial units housing major high street brands, together with the subsequent sale of the site. We drafted, negotiated and finalised the facility, hedging, security and subordination documentation (which included English law aspects), together with carrying out detailed property and construction diligence on behalf of the bank.
Refinancing property development
We advised on the refinancing of the development costs of healthcare property and the provision of further loan facilities to fund an extension. We drafted, negotiated and finalised the facility, security and guarantee documentation. We also advised the bank on the complex funds flow involved in the transaction and carried out diligence on the property and the group restructure on behalf of the bank.
Our highlights
Harper Macleod has a strong reputation as a highly able group of litigators equally at home on either side of the claimant-defendant divide. Clients include major banks, large corporations and public sector organisations. The team is active across a range of disputes in the banking and finance sector, including those concerning professional negligence, fraud, debt recovery and insolvency. Also acts for individuals against financial institutions, often in complex cases of financial and personal significance.
CHAMBERS UK
External recognition
Tony Cameron heads up the team, which acts for a mix of traditional bank lenders, alternative lenders and corporate borrowers. The group's transactional experience spans a number of areas, such as general corporate banking, acquisition finance, renewable energy and project finance, and housing finance. Tony Cameron is frequently called-upon to handle complex multijurisdictional transactions.
THE LEGAL 500
Jacqui Fraser heads up the real estate finance practice, which generates work from clients in sectors such as agriculture, healthcare and manufacturing.
THE LEGAL 500
In addition to acting for traditional lenders and borrowers, John Pringle has made a name for himself advising peer-to-peer and fintech lenders.
THE LEGAL 500
Meet the banking & finance team
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Why choose us?
You don't need a lawyer - not many law firms will tell you that. What you need is someone to provide a solution, and our advisors are dedicated and flexible enough to do just that.
Personal legal services
With one of Scotland's largest teams dealing with personal legal matters, we have specialist knowledge for every stage of your life - from buying a house to protecting your assets.
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