Chris McFadzean

Expertise Chris Advises Experience Highlights Publications Awards Career History

Partner

Capital Markets & Structured Finance

+44 (0) 7801 947 013
Accolades

Expertise

Chris has an extended international practice advising on international M&A, bank finance and capital market transactions. Chris advises financial institutions and companies on a broad range of commercial and financing activities and on a broad range of equity securities (shares, privatisation and GDRs), equity linked securities (convertible and exchangeable bonds) and debt securities (bonds and tender exchange offers). His practice focuses on the UK, Asia, India and emerging markets including Turkey and Africa.

Chris was voted International Capital Markets lawyer of the Year 2014 in England by Corporate INTL and is ranked in Chambers UK 2014 and recommended by Legal 500 UK for equity capital markets.

Chris is also listed in the ‘Best Lawyers UK’ having been selected by peers for his work in Capital Markets.

Chris Advises

  • London Stock Exchange (Main Markets, PSM and AIM) and SME companies
  • International financial institutions and companies
  • Investors in Africa and Asia
  • Private equity and healthcare

Experience Highlights

Representative Deals in Europe

  • Representing the Arranger on the £82.5 million Convertible Bond offering by Primary Health Properties Plc.
  • Representing the Arranger on the US$48 million Convertible Bond open offer and firm placing by JKX Oil & Gas Plc.
  • Advising on the London Stock Exchange listing of international companies: Tupras, Isbank, Bank of Cyprus, The Indian Hotels Group, The Associated Cement Companies of India Limited and Axis Bank.
  • Advising on the London Stock Exchange listings of the Russian companies Sistema, Novatek, Integra and Comstar.
  • Representing Alliance Oil Company Limited on its US$350 million 9.875% global bond issuance, listed on the London Stock Exchange.
  • Advising on the London Stock Exchange listings of UK companies: Dev Property Development plc Hemscott.net and Zen Research PLC.
  • Representing the Slovenian Government on the privatisation by sale of a strategic stake in Nova Ljubljanska Banka, Slovenia’s largest bank.
  • Representing Norsk Hydro on Bond tender and consent solicitations.
  • Representing the Arranger on the £80 million Convertible Bond offering by Sportingbet Plc.
  • Representing the Arranger on the US$70 million Convertible Bond offering by Lonrho Plc.
  • Advising on loan note issues by London Stock Exchange listed and private SME issuers.

Representative Deals in Turkey

  • Chris has advised on many of Turkey’s major privatisations and international equity and debt offerings:
  • Representing TAV Airports on its IPO and international equity offering.
  • Representing the underwriters on the global offering by the Republic of Turkey Privatisation Administration on YTL310,000,000 Class A Shares of Turkish Airlines.
  • Representing the underwriters on the privatisation and IPO of Vakifbank for YTL1,750,000,000.
  • Representing the underwriters on the IPO of BIM for YTL300,000,000 in 2005.
  • Advising on the privatisation and IPO of Isbank and the London listing of GDRs.
  • Advising on the privatisation and IPO of Tupras and the London listing of GDRs.
  • Representing the Republic of Turkey Privatisation Administration and Petrol Ofisi on the privatization and IPO of Petrol Ofisi AS.
  • Representing the arrangers on the $200 million Convertible Bond offering by BioCity Developments B.V. for the construction of Bio City Istanbul.
  • Advising Petrol Ofisi on the issue of US$175,000,000 Notes.
  • Advising on various loan financings and M&A transactions in Turkey.
  • Representing the Republic of Turkey Privatisation Administration and Türk Telecom during its privatisation process.

Representative Deals in Africa

  • Representation of 46 Parallels Ltd on the US$100m Convertible Bond issue by Heritage Bank Limited Nigeria.
  • Advising on various equity investment and loan financings by African companies.

Representative Deals in India 

  • Representation of Broadpoint Capital, Inc and ISM Capital LLP on the US$105 million Convertible Bond offering by REI Agro Limited.
  • Representation of Credit Lyonnais Securities Asia in the INR 6 billion QIP equity capital raising by Educomp Solutions Limited.
  • Representation of Merrill Lynch in the INR 5 billion QIP equity capital raising by Shree Renuka Sugars Limited.
  • Representation of Vedanta Resources Plc in the US$1.25 billion Convertible Bond issue listed on the London Stock Exchange.
  • Representation of Sesa Goa Limited on the US$500 million Convertible Bond issue.
  • Representation of Deutsche Bank and Merrill Lynch in the S$265 million equity offering and Singapore Stock Listing by Indiabulls Properties Investment Trust (an Indian property investment fund).
  • Representation of Dev Property Development PLC (an Indian property investment fund) in its equity offering and AIM London Stock Exchange listing.
  • Representation of Citigroup and Goldman Sachs on the US$600 million equity private placement and GDR offering (first combined offering) by Axis Bank Limited.
  • Representation of Merrill Lynch in the US$400 million GDR offering for Indiabulls Real Estate Limited.
  • Representation of Goldman Sachs and Merrill Lynch in the US$300 million GDR offering for Indiabulls Financial Services Limited.
  • Representation of Merrill Lynch, Deutsche Bank and Citigroup in the US$1.25 billion Upper Tier II and senior bond issues by ICICI Bank Limited.
  • Representation of Merrill Lynch, Deutsche Bank and Morgan Stanley in the US$340 million Tier I bond issues by ICICI Bank Limited.
  • Representation of Citigroup and Morgan Stanley in the US$150 million Zero Coupon Convertible Bond offering by Moser Baer Limited.
  • Representation of Citigroup in the US$75 million Zero Coupon Convertible Bond offering by Era Construction (India) Limited.
  • Representation of ABN AMRO and Citigroup in the INR5.5 billion equity private placement by IVRCL Infrastructures & Projects Limited.
  • Representation of Jefferies International on the US$25 million Convertible Bond offering by Educomp Solutions Limited.
  • Representation of Jefferies International on the US$30 million Convertible Bond offering by Indowind Energy Limited.
  • Representation of Jefferies International on the US$35 million Convertible Bond offering by Shree Ashtavinayak Cinevision Ltd.
  • Representation of Tata Chemicals Limited in its US$150 million Convertible Bond offering.
  • Representation of ABN AMRO and Citigroup in Axis Bank Limited’s US$257 million GDR offering.
  • Representation of Sun Pharmaceutical Industries Limited in its US$350 million Zero Coupon Convertible Bond offering.
  • Representation of Citigroup on the $150 million Convertible Bond offering by Indian Hotels Limited.
  • Representation of Citigroup on the $100 million Convertible Bond and GDR offering by Associated Cement of India Ltd.

Representative Deals in Australia 

  • Representing Galaxy Resources Ltd in its A$66 million Convertible Bond offering.

Representative Deals in Indonesia 

  • Representing Morgan Stanley on the Convertible Bond offering by Astra International.
  • Representing UBS in the Rule 144A offering of Convertible Bonds by Indofood.
  • Representing Bank Danaman in its US$300 million Bond offering.

Representative Deals in Malaysia 

  • Representing CIMB on the $70 million Convertible Bond offering by Sapura Crest Petrolium.

Representative Deals in The Philippines

  • Representing underwriters in various bond offerings by Napocor.

Investor Representation

  • Representing US hedge funds and international investors on investments in hybrid capital securities issued by RBS, Standard Chartered Bank and Lloyds Bank.
  • Representing Institutional Investors in private exchanges of UK bank hybrid capital securities and a US$2 billion hybrid capital new issuance.

Publications

  • Green Bonds by Donald W. Morris and Chris McFadzean June  2019
  • Super Lawyers Recognizes 11 Dorsey Attorneys in London – September 18, 2015
  • Recent Developments in China Bond Markets – August 27, 2015
  • Kaisa and Others Hope for a Miracle but Learn that Magic Does Not Exist – April 27, 2015
  • Half-Pie or No Pie? News for Kaisa’s Offshore Creditors – March 26, 2015
  • Dorsey Attorneys Christopher McFadzean and Timothy Maloney Selected for The Best Lawyers United Kingdom – March 23, 2015
  • Light at the End of the PRC Property Market Tunnel, or Was It the Shadow of a Freight Train Coming This Way? – March 10, 2015
  • “The Looming Shadow in the PRC Property Market,” Pratt’s Journal of Bankruptcy Law – February/March 2015
  • The Looming Shadow in the PRC Property Market – January 16, 2015
  • “Shedding Light on China’s Massive Shadow Banking Market – Regulations: For Better or for Worse…?,” The Banking Law Journal – January 2015
  • Super Lawyers Recognizes 10 Dorsey Attorneys in London – December 22, 2014
  • PRC State Administration of Foreign Exchange’s New Rules on Cross-Border Guarantees and Security Trigger Offshore Bond Issuances, Bloomberg BNA – December 2014
  • PRC State Administration of Foreign Exchange’s New Rules on Cross-Border Guarantees and Security Trigger Offshore Bond Issuances – December 12, 2014
  • Shedding Light on China’s Massive Shadow Banking Market – Regulations: For Better or For Worse…? – Part 2 – September 30, 2014
  • Dorsey Partner Chris McFadzean Named International Capital Markets Lawyer of the Year – August 8, 2014
  • China’s First Onshore Corporate Bond Default and Its Implications for the Country’s Debt Capital Market – April 2014
  • Chambers Global 2014 Recognizes Dorsey Lawyers Chris Barry, Steven Khadavi, Chris McFadzean and Steve Vaughan – March 27, 2014
  • Shedding Light on China’s Massive Shadow Banking Market – Landmark Corporate Bond Default – Part 1 – March 12, 2014
  • RMB Bond Issue in Hong Kong (a.k.a. A Delicious Dim Sum Offering!) – Challenges to Hong Kong – Part 5 – February 17, 2014
  • RMB Bond Issue in Hong Kong (a.k.a. A Delicious Dim Sum Offering!) – Some Structural Issues to Consider – Part 4 – January 16, 2014
  • Dorsey Lawyers Timothy J. Maloney and Christopher McFadzean Selected for Inclusion in The Best Lawyers United Kingdom – December 18, 2013
  • RMB Bond Issue in Hong Kong (a.k.a. A Delicious Dim Sum Offering!) – Part 3 – June 7, 2013
  • RMB Bond Issue in Hong Kong (a.k.a. A Delicious Dim Sum Offering!) – Part 2 – May 24, 2013
  • RMB Bond Issue in Hong Kong (a.k.a. A Delicious Dim Sum Offering!) – Part 1 – May 9, 2013
  • Super Lawyers Recognizes 8 Dorsey Attorneys in London – March 14, 2013
  • US Jumpstart Our Business Startups Act – Implications for Indian Issuers and Financial Institutions – May 14, 2012

Awards

  • Chosen by peers for inclusion in Best Lawyers for the UK in the specialty of Capital Markets 2022
  • International Capital Markets Lawyer of the Year 2014 in England
  • Listed as a Super Lawyer in 2013-2015 by Super Lawyers London
  • Chosen by peers for inclusion in Best Lawyers for the UK in the specialty of Capital Markets Law 2009-2016 and 2019
  • Recognized by Chambers, Global Edition, 2011
  • Ranked by Legal 500, 2011

Career History

Previous Law Firms

  • Linklaters, Partner
  • Latham & Watkins, Partner
  • Dorsey & Whitney, Partner

Education

  • Cambridge University (M.A., Law, 1979)

Expertise

Back to top

Chris has an extended international practice advising on international M&A, bank finance and capital market transactions. Chris advises financial institutions and companies on a broad range of commercial and financing activities and on a broad range of equity securities (shares, privatisation and GDRs), equity linked securities (convertible and exchangeable bonds) and debt securities (bonds and tender exchange offers). His practice focuses on the UK, Asia, India and emerging markets including Turkey and Africa.

Chris was voted International Capital Markets lawyer of the Year 2014 in England by Corporate INTL and is ranked in Chambers UK 2014 and recommended by Legal 500 UK for equity capital markets.

Chris is also listed in the ‘Best Lawyers UK’ having been selected by peers for his work in Capital Markets.

Chris Advises

Back to top
  • London Stock Exchange (Main Markets, PSM and AIM) and SME companies
  • International financial institutions and companies
  • Investors in Africa and Asia
  • Private equity and healthcare

Experience Highlights

Back to top

Representative Deals in Europe

  • Representing the Arranger on the £82.5 million Convertible Bond offering by Primary Health Properties Plc.
  • Representing the Arranger on the US$48 million Convertible Bond open offer and firm placing by JKX Oil & Gas Plc.
  • Advising on the London Stock Exchange listing of international companies: Tupras, Isbank, Bank of Cyprus, The Indian Hotels Group, The Associated Cement Companies of India Limited and Axis Bank.
  • Advising on the London Stock Exchange listings of the Russian companies Sistema, Novatek, Integra and Comstar.
  • Representing Alliance Oil Company Limited on its US$350 million 9.875% global bond issuance, listed on the London Stock Exchange.
  • Advising on the London Stock Exchange listings of UK companies: Dev Property Development plc Hemscott.net and Zen Research PLC.
  • Representing the Slovenian Government on the privatisation by sale of a strategic stake in Nova Ljubljanska Banka, Slovenia’s largest bank.
  • Representing Norsk Hydro on Bond tender and consent solicitations.
  • Representing the Arranger on the £80 million Convertible Bond offering by Sportingbet Plc.
  • Representing the Arranger on the US$70 million Convertible Bond offering by Lonrho Plc.
  • Advising on loan note issues by London Stock Exchange listed and private SME issuers.

Representative Deals in Turkey

  • Chris has advised on many of Turkey’s major privatisations and international equity and debt offerings:
  • Representing TAV Airports on its IPO and international equity offering.
  • Representing the underwriters on the global offering by the Republic of Turkey Privatisation Administration on YTL310,000,000 Class A Shares of Turkish Airlines.
  • Representing the underwriters on the privatisation and IPO of Vakifbank for YTL1,750,000,000.
  • Representing the underwriters on the IPO of BIM for YTL300,000,000 in 2005.
  • Advising on the privatisation and IPO of Isbank and the London listing of GDRs.
  • Advising on the privatisation and IPO of Tupras and the London listing of GDRs.
  • Representing the Republic of Turkey Privatisation Administration and Petrol Ofisi on the privatization and IPO of Petrol Ofisi AS.
  • Representing the arrangers on the $200 million Convertible Bond offering by BioCity Developments B.V. for the construction of Bio City Istanbul.
  • Advising Petrol Ofisi on the issue of US$175,000,000 Notes.
  • Advising on various loan financings and M&A transactions in Turkey.
  • Representing the Republic of Turkey Privatisation Administration and Türk Telecom during its privatisation process.

Representative Deals in Africa

  • Representation of 46 Parallels Ltd on the US$100m Convertible Bond issue by Heritage Bank Limited Nigeria.
  • Advising on various equity investment and loan financings by African companies.

Representative Deals in India 

  • Representation of Broadpoint Capital, Inc and ISM Capital LLP on the US$105 million Convertible Bond offering by REI Agro Limited.
  • Representation of Credit Lyonnais Securities Asia in the INR 6 billion QIP equity capital raising by Educomp Solutions Limited.
  • Representation of Merrill Lynch in the INR 5 billion QIP equity capital raising by Shree Renuka Sugars Limited.
  • Representation of Vedanta Resources Plc in the US$1.25 billion Convertible Bond issue listed on the London Stock Exchange.
  • Representation of Sesa Goa Limited on the US$500 million Convertible Bond issue.
  • Representation of Deutsche Bank and Merrill Lynch in the S$265 million equity offering and Singapore Stock Listing by Indiabulls Properties Investment Trust (an Indian property investment fund).
  • Representation of Dev Property Development PLC (an Indian property investment fund) in its equity offering and AIM London Stock Exchange listing.
  • Representation of Citigroup and Goldman Sachs on the US$600 million equity private placement and GDR offering (first combined offering) by Axis Bank Limited.
  • Representation of Merrill Lynch in the US$400 million GDR offering for Indiabulls Real Estate Limited.
  • Representation of Goldman Sachs and Merrill Lynch in the US$300 million GDR offering for Indiabulls Financial Services Limited.
  • Representation of Merrill Lynch, Deutsche Bank and Citigroup in the US$1.25 billion Upper Tier II and senior bond issues by ICICI Bank Limited.
  • Representation of Merrill Lynch, Deutsche Bank and Morgan Stanley in the US$340 million Tier I bond issues by ICICI Bank Limited.
  • Representation of Citigroup and Morgan Stanley in the US$150 million Zero Coupon Convertible Bond offering by Moser Baer Limited.
  • Representation of Citigroup in the US$75 million Zero Coupon Convertible Bond offering by Era Construction (India) Limited.
  • Representation of ABN AMRO and Citigroup in the INR5.5 billion equity private placement by IVRCL Infrastructures & Projects Limited.
  • Representation of Jefferies International on the US$25 million Convertible Bond offering by Educomp Solutions Limited.
  • Representation of Jefferies International on the US$30 million Convertible Bond offering by Indowind Energy Limited.
  • Representation of Jefferies International on the US$35 million Convertible Bond offering by Shree Ashtavinayak Cinevision Ltd.
  • Representation of Tata Chemicals Limited in its US$150 million Convertible Bond offering.
  • Representation of ABN AMRO and Citigroup in Axis Bank Limited’s US$257 million GDR offering.
  • Representation of Sun Pharmaceutical Industries Limited in its US$350 million Zero Coupon Convertible Bond offering.
  • Representation of Citigroup on the $150 million Convertible Bond offering by Indian Hotels Limited.
  • Representation of Citigroup on the $100 million Convertible Bond and GDR offering by Associated Cement of India Ltd.

Representative Deals in Australia 

  • Representing Galaxy Resources Ltd in its A$66 million Convertible Bond offering.

Representative Deals in Indonesia 

  • Representing Morgan Stanley on the Convertible Bond offering by Astra International.
  • Representing UBS in the Rule 144A offering of Convertible Bonds by Indofood.
  • Representing Bank Danaman in its US$300 million Bond offering.

Representative Deals in Malaysia 

  • Representing CIMB on the $70 million Convertible Bond offering by Sapura Crest Petrolium.

Representative Deals in The Philippines

  • Representing underwriters in various bond offerings by Napocor.

Investor Representation

  • Representing US hedge funds and international investors on investments in hybrid capital securities issued by RBS, Standard Chartered Bank and Lloyds Bank.
  • Representing Institutional Investors in private exchanges of UK bank hybrid capital securities and a US$2 billion hybrid capital new issuance.

Publications

Back to top
  • Green Bonds by Donald W. Morris and Chris McFadzean June  2019
  • Super Lawyers Recognizes 11 Dorsey Attorneys in London – September 18, 2015
  • Recent Developments in China Bond Markets – August 27, 2015
  • Kaisa and Others Hope for a Miracle but Learn that Magic Does Not Exist – April 27, 2015
  • Half-Pie or No Pie? News for Kaisa’s Offshore Creditors – March 26, 2015
  • Dorsey Attorneys Christopher McFadzean and Timothy Maloney Selected for The Best Lawyers United Kingdom – March 23, 2015
  • Light at the End of the PRC Property Market Tunnel, or Was It the Shadow of a Freight Train Coming This Way? – March 10, 2015
  • “The Looming Shadow in the PRC Property Market,” Pratt’s Journal of Bankruptcy Law – February/March 2015
  • The Looming Shadow in the PRC Property Market – January 16, 2015
  • “Shedding Light on China’s Massive Shadow Banking Market – Regulations: For Better or for Worse…?,” The Banking Law Journal – January 2015
  • Super Lawyers Recognizes 10 Dorsey Attorneys in London – December 22, 2014
  • PRC State Administration of Foreign Exchange’s New Rules on Cross-Border Guarantees and Security Trigger Offshore Bond Issuances, Bloomberg BNA – December 2014
  • PRC State Administration of Foreign Exchange’s New Rules on Cross-Border Guarantees and Security Trigger Offshore Bond Issuances – December 12, 2014
  • Shedding Light on China’s Massive Shadow Banking Market – Regulations: For Better or For Worse…? – Part 2 – September 30, 2014
  • Dorsey Partner Chris McFadzean Named International Capital Markets Lawyer of the Year – August 8, 2014
  • China’s First Onshore Corporate Bond Default and Its Implications for the Country’s Debt Capital Market – April 2014
  • Chambers Global 2014 Recognizes Dorsey Lawyers Chris Barry, Steven Khadavi, Chris McFadzean and Steve Vaughan – March 27, 2014
  • Shedding Light on China’s Massive Shadow Banking Market – Landmark Corporate Bond Default – Part 1 – March 12, 2014
  • RMB Bond Issue in Hong Kong (a.k.a. A Delicious Dim Sum Offering!) – Challenges to Hong Kong – Part 5 – February 17, 2014
  • RMB Bond Issue in Hong Kong (a.k.a. A Delicious Dim Sum Offering!) – Some Structural Issues to Consider – Part 4 – January 16, 2014
  • Dorsey Lawyers Timothy J. Maloney and Christopher McFadzean Selected for Inclusion in The Best Lawyers United Kingdom – December 18, 2013
  • RMB Bond Issue in Hong Kong (a.k.a. A Delicious Dim Sum Offering!) – Part 3 – June 7, 2013
  • RMB Bond Issue in Hong Kong (a.k.a. A Delicious Dim Sum Offering!) – Part 2 – May 24, 2013
  • RMB Bond Issue in Hong Kong (a.k.a. A Delicious Dim Sum Offering!) – Part 1 – May 9, 2013
  • Super Lawyers Recognizes 8 Dorsey Attorneys in London – March 14, 2013
  • US Jumpstart Our Business Startups Act – Implications for Indian Issuers and Financial Institutions – May 14, 2012

Awards

Back to top
  • Chosen by peers for inclusion in Best Lawyers for the UK in the specialty of Capital Markets 2022
  • International Capital Markets Lawyer of the Year 2014 in England
  • Listed as a Super Lawyer in 2013-2015 by Super Lawyers London
  • Chosen by peers for inclusion in Best Lawyers for the UK in the specialty of Capital Markets Law 2009-2016 and 2019
  • Recognized by Chambers, Global Edition, 2011
  • Ranked by Legal 500, 2011

Career History

Back to top

Previous Law Firms

  • Linklaters, Partner
  • Latham & Watkins, Partner
  • Dorsey & Whitney, Partner

Education

  • Cambridge University (M.A., Law, 1979)

Chris's team
Graham Reid
+44 (0) 7740 717 154 Email Graham