Hughes, Delyth

Delyth Hughes

Counsel

delyth.hughes@lw.com
    Hughes, Delyth

    Delyth Hughes

    Counsel

    delyth.hughes@lw.com

    Profile

    Delyth Hughes is a member of the Corporate Department and the Derivatives and Structured Finance Practices.

    Delyth primarily handles complex, cross-border OTC derivative, and structured financing transactions where she advises both buy-side and sell-side clients

    Delyth advises across the following range of asset classes:

    • Fixed income derivatives, including rates, FX, deal contingent derivative transactions, and structuring hedging solutions in respect of a wide variety of financing transactions
    • Structured equity transactions, including put option financing transactions, funded and unfunded collars, and margin loans over listed and unlisted equities
    • Commodities and credit derivatives
    • Repo and stock-lending transactions
    • Sharia-compliant derivative transactions and Islamic structured products

    Delyth’s practice combines both transactional and advisory expertise and she has experience advising clients on regulatory matters relating to derivatives and structured finance transactions.

    Prior to joining Latham, Delyth trained and qualified at a Magic Circle law firm and, during her career, has also undertaken two secondments at large international banks.

    Experience

    Delyth’s experience includes:

    Margin Lending

    • Acting for a leading Central European energy group in respect of two separate margin loans, each secured over shares in large European utilities companies
    • Advising Certain financial institutions on defaults under existing margin lending transactions
    • Advising leading financial institutions in drafting and negotiating large cross-border margin loan transactions

    Fixed Income and Advisory

    • Advising various sponsors, borrowers, and hedge counterparties in respect of finance-linked hedging transactions for leveraged finance, project finance, and securitization transactions
    • Drafting and negotiating a suite of ISDA documentation on behalf of a large UK corporate, to be entered into with multiple bank counterparties, in connection with its internal restructuring
    • Acting for buy-side and sell-side clients in drafting and negotiating ISDA and GMRA documentation
    • Advising a number of financial institutions and non-financial counterparties with respect to their obligations under EMIR and the procedures, processes, and documents to be implemented to address the issues identified

    Islamic Finance

    • Advising a large investment bank in respect of a highly structured, Shari’ah compliant repo transaction and Luxembourg security structure

    Structured Finance

    • Advising Clifford Capital, a Singapore-based specialist arranger and provider of project and structured finance solutions, as the sponsor, manager and subordinated note investor of the first infrastructure project finance securitization in Asia. This transaction was awarded the Asia-Pacific Bond Deal of the Year in 2018 and Asian-mena Deal of the Year in 2018 and Structure Finance and Securitisation Deals of the Year at the IFLR Asia-Pacific Awards 2019

    Qualifications

    Bar Qualification

    • England and Wales (Solicitor)

    Education

    • Master of Arts, University of Oxford, 2014
    • Postgraduate Diploma in Legal Practice, Commendation, The College of Law, 2011
    • Bachelor of Arts in Jurisprudence, University of Oxford, 2010

    Practices

    Industries

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