Baker McKenzie appoints Michael Foundethakis new Global Head of the banking activity and End…

Paris, 14 June 2017 – Baker McKenzie appoints Michael Foundethakis convenor Bank & Finance Baker McKenzie at the global level, effective July 1, 2017. This function is in addition to those of Associate of the firm in paris and Global Head of Trade & Export Finance, which he currently occupies.

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The teams Bank & Finance Baker McKenzie have more than 900 lawyers specialized in finance at a global level, including 300 partners. Present on the main international financial centres and key emerging markets including Africa, China, Latin America, Russia / CIS and the Middle East, the teams Bank & Finance are distinguishable by their experience in Project Financing, Financing of Acquisitions, Trade & Export Finance, real Estate Finance, Restructuring, Financial Services, Derivatives and Securitization, as well as the regulatory expertise relating thereto.

In the framework of his new duties, Michael Foundethakis mission will be to define and coordinate, in close collaboration with the different regional Managers, the business development strategy Bank & Finance Baker McKenzie global level.

Partner since 2003, Michael Foundethakis joined the firm in 1999. Solicitor English established in Paris, he has held various positions within the offices of Baker McKenzie in London and in Germany.

Recognized for his expertise in trade & export finance, project financing and financing of acquisitions, and representing lenders and borrowers, Michael Foundethakis successor to Bernard Sharp, who is completing his second term in office.

“It is a great honour for me to take the lead in the teams Bank & Finance at a pivotal moment in their history,” said Michael Foundethakis. “The Blockchain like other technological innovations are rapidly changing the models of the banking sector as well as the way in which borrowers interact with lenders. The innovation in the sector is no longer a concept in a pejorative way. The continued use of methods transactional well-established, coupled with the adoption of new technologies, will be the key factor of our success in the years to come. ”

Ai Ai Wong, a Member of the Executive Committee of Baker McKenzie and Responsible practices transactional law firm, said : “We would like to thank Bernard for the time he has devoted to its function and would like to welcome Michael, who joins us at an exciting time for our business Bank & Finance, our growth with constantly continue on the main financial markets of the world. ”

Among the most recent transactions Michael Foundethakis :
He has represented the case the exercise Lead Arrangers (the Arab Banking Corporation, Abu Dhabi Commercial Bank, MUFG, Barclays Bank, Commerzbank, EMCAP, HSBC, ICBC London, Mizuho Bank, National Bank of Abu Dhabi, Rand Merchant Bank, Standard Bank, Standard Chartered Bank and Sumitomo Mitsui Banking Corporation) within the framework of a syndicated term loan dual tenor dual currency in the amount of $ 1.16 billion, contracted by the African development Bank Export-Import (Afrexim). This transaction, signed on June 2, 2017, is the largest syndicated loan ever contracted by Afrexim ;
He has represented BNP Paribas, Credit Agricole, Credit Industrial and Commercial and ING in the framework of a loan agreement of approximately $ 470 million guaranteed by SACE and contracted by EEHC (Egyptian Electricity Holding Company), in order to proceed to the processing of two power plants (Assuit and West Damietta) ; this operation has received the award “Deal of the Year – EMEA Export Finance: Power” during Euromoney’s Trade Finance Awards 2017.

About Baker McKenzie

Founded in 1949, Baker McKenzie is a firm of business lawyers international grouping of over 6,000 lawyers and have experience in international based in 77 cities of 47 countries. Paul Rawlinson is Chair of the Firm’s executive Committee ( Paris, Baker & McKenzie SCP has 26 partners and 170 lawyers and specialist lawyers in every major discipline of business law.

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