Phung Pham is of counsel in Baker McKenzie's Structured Capital Markets Practice in London, where he heads the Derivatives team. He has spent the majority of his career in private practice, and has also previously worked in-house at a leading US investment bank. Phung has extensive cross-border transactional experience, particularly in emerging markets, and has practised in London, Moscow, New York and Melbourne.
Phung focuses on derivatives and structured products. His practice covers transactions across all asset classes (equity, credit, foreign exchange, interest rate and commodities) and his clients include financial institutions, corporates and state-owned entities. He regularly advises on transactions ranging from bespoke structured equity swaps or repo financings to the hedging strategy and rating agency requirements related to securitisations, real estate and other asset financings.
Representative Legal Matters
Advised a European bank on the refinance of a margin loan, using equity derivative instruments, related to a significant shareholding in a European listed company and the subsequent restructuring of such trade.
Advised a European bank on the use of equity derivative instruments to monetise future dividend streams.
Advising various European corporates in the mining and agricultural sectors in relation to their ISDA Master Agreements, collateral arrangements and trade confirmation negotiations with their respective banking and trading house counterparties.
Advised various European counterparties in relation to their EFET Gas and Power Master Agreement negotiations with their respective counterparties.
Advised various European covered bond issuers in relation to all aspects of their hedging arrangements, including updating rating agency criteria, EMIR regulatory compliance, negotiation of Delegated Reporting Agreements, termination of transactions, and updates to base prospectus.
Advised a European and a US bank in relation to a cross-currency swap with the government of the Central African Republic guaranteed by a multilateral investment guarantee agency.
Advised an African hedge fund on a cross-currency credit linked note, issued through a conduit programme of an Asian bank. The note was linked to the credit of a West African Central Bank and secured by Sovereign Treasury Bonds.
Provided initial advice and conducted due diligence on behalf of a European bank on the novation of various onshore interest rate swaps between its Asian office and a European bank counterparty.
Professional Associations and Memberships
Law Society of England and Wales
International Swaps and Derivatives Association
- England & Wales - United Kingdom (2005)
- Monash University (Bachelor of Laws) (2000)
- Monash University (Bachelor of Commerce) (2000)