Patricia heads the firm's finance team and advises on all aspects of financial services. She provides advice to banks and borrowers on bilateral and syndicated facilities. She has particular expertise in public sector finance. Key clients include Santander, AIB Bank plc, Northern Powerhouse Investment Fund and the Midlands Engine.
This year Patricia has provided key strategic advice on the impact of BREXIT for European Structural Funds. She remains lead adviser to the North West JEREMIE Fund, a £150 million European Fund.
As one of the few solicitors nationally who acts on the establishment European Structural Funding schemes, establishment of legacy funds and utilising public and private sector money to create funding platforms for SMEs, this year Patricia has successfully won pitches to act for various fund managers in connection with their bids to be appointed to the Northern Powerhouse Investment Fund and the Midlands Engine.
Patricia has continued to provide advise nationally for borrowers and lenders on syndicated and bilateral banking documentation. This includes advising Sertec Group on the multi funder and syndicated finance loan on a transaction which resulted in Sertec Group becoming a £250 million turnover business. This involved advising on all aspects of funding, including syndicated finance facility, property finance and invoice discounting. The debt finance included debt from numerous jurisdictions including the UK and Hungary
Patricia has continued to pitch and win work for mainstream banks including Lloyds Bank Plc and Allied Irish Bank (AIB).
A seller benefits from a security interest in a property which entitles it to apply for an order for sale if its purchaser fails to pay the price.
A recent case reminds a secured creditor to be cautious where it become aware that a third party has also extended secured credit to its debtor.
Don’t take this the wrong way: if you’re lending to your friend, it may not be the end of the world if you’re not repaid.