Walkers is a leading international law firm which advises on the laws of Bermuda, the British Virgin Islands, the Cayman Islands, Guernsey, Ireland and Jersey. From our 10 offices, we provide legal, corporate and fiduciary services to global corporations, financial institutions, capital markets participants and investment fund managers.
Walkers acted as Bermuda counsel in connection with Hyundai Card's US$290 million cross-border asset-backed securitization (ABS), which involved a Bermuda incorporated SPV as the issuer of the secured floating rate notes backed by credit-card receivables.
Cayman Islands
Walkers acted as Bermuda counsel in connection with Hyundai
Card's US$290 million cross-border asset-backed securitization
(ABS), which involved a Bermuda incorporated SPV as the issuer of
the secured floating rate notes backed by credit-card receivables.
This is the first Korean cross-border ABS issued by a Bermuda SPV
since the Cayman Islands was added to the EU AML List in March
2022. BNP Paribas acted as sole arranger on this
transaction.
The Walkers legal team was led by partner Kristen Kwok
and supported by partner Adam Bathgate and senior associate Sonya
Saxena. The Walkers Professional Services team was made up of
Kirstie Krypner, April Thomas, Otelia Scott and Nic
Swartz.
Contributor
Walkers is a leading international law firm which advises on the laws of Bermuda, the British Virgin Islands, the Cayman Islands, Guernsey, Ireland and Jersey. From our 10 offices, we provide legal, corporate and fiduciary services to global corporations, financial institutions, capital markets participants and investment fund managers.
