Baker McKenzie has advised a large Swiss Family Office on a USD 150 million art financing transaction. The financing is documented under a Swiss law governed facility agreement and takes the form of a committed term loan facility which is secured by a comprehensive collateral package including a high-profile art collection located in the United Kingdom. A major foreign bank domiciled in Switzerland acted as sole lender in connection with this financing transaction.

Baker McKenzie has advised the Swiss Family Office on all legal aspects of the transaction. The Baker McKenzie team was led by Philip Spoerlé (Senior Associate, Banking & Finance) in Zurich and Luka Lightfoot (Partner, Banking & Finance) in London and further comprised Bettina Klein (Associate, Banking & Finance), Stephanie Latsky (Associate, Banking & Finance), Andrea Bolliger (Counsel, Tax) and Emma Flett (Trainee Solicitor, Banking & Finance).

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