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James Duncan


Capital markets | Derivatives and structured finance | Financial services | Leveraged finance | Securities and shareholder litigation |

James is excellent, he gives good advice and identifies risk points. He presents solutions in a client-friendly manner.

Chambers UK 2024

Profile details

About James Duncan

James specialises in derivatives and structured finance transactions.

James focuses on derivatives and structured products and also has very broad experience across a range of other structured finance and capital markets based transactions and has been recognised for his versatility.

James’ experience in derivatives and structured finance covers a full range of asset classes and products. He has notable experience in equity, credit, interest rate and fx derivatives as well as commodity, fund-linked and other products.

James has notable experience of strategic equity financing transactions including margin loans, equity collars, pre-paid forwards, call spreads, total return swaps, repos, structured share buy-backs, stock loans and other transactions and related collateral and security arrangements.

James advises a broad range of clients including corporate clients, financial institutions, asset managers and others.

Recent work

  • Corporate client in respect of its £1.2billion investment in a UK plc through an equity collar financing.
  • Syndicate of investment banks in respect of a £750m margin loan financing secured over shares in a UK plc.
  • Syndicate of investment banks in respect of a €490m margin loan financing secured over shares in a German company.
  • Investment bank in respect of a €100m stake building, equity forward transaction in respect of a Luxembourg company.
  • Syndicate of investment banks in connection with India’s first synthetic rupee denominated, $110m equivalent, margin loan to a borrower.
  • Investment bank in respect of collar financings to companies in numerous jurisdictions related to shares listed in a range of different jurisdictions.
  • Structured share-buyback transactions conducted in a wide range of different jurisdictions.
  • Hedge Banks and counterparties in respect of deal contingent hedging transactions in a wide range of circumstances.
  • Hedge funds, banks and other clients in respect of credit derivative transactions including bespoke, negotiated CDS and advice in connection with events under the Credit Derivative definitions.
  • Regulatory issues associated with derivatives & structured products.
  • Banks, corporates and other counterparties on a wide range of other OTC derivative transactions including credit derivatives, interest rate and FX derivatives, fund-linked derivatives, inflation derivatives, longevity derivatives and commodity derivatives.
  • Swap providers, borrowers, lenders, issuers and other parties on the hedging and related intercreditor arrangements in respect of numerous financing transactions.
  • Range of clients in connection with the restructuring and amendment of derivative transactions including as part of the restructuring of wider, complex structured debt transactions.
  • Clients in connection with numerous structured note issues, repackagings and other SPV based transactions relating to an extensive range of asset classes including credit-linked notes, equity linked notes, fund-linked notes and commodity-linked notes.
  • Banks and borrowers in connection with receivables financing transactions including leading the UK and European aspects of several US/Europe ABL financings including receivables in the UK and a range of other European jurisdictions.

Includes experience gained at other firms.


Natural Sciences, Cambridge University (Trinity College)

Law, College of Law