Open navigation
Search
Offices – United Kingdom
Explore all Offices
Global Reach

Apart from offering expert legal consultancy for local jurisdictions, CMS partners up with you to effectively navigate the complexities of global business and legal environments.

Explore our reach
Insights – United Kingdom
Explore all insights
Search
Expertise
Insights

CMS lawyers can provide future-facing advice for your business across a variety of specialisms and industries, worldwide.

Explore topics
Offices
Global Reach

Apart from offering expert legal consultancy for local jurisdictions, CMS partners up with you to effectively navigate the complexities of global business and legal environments.

Explore our reach
Insights
About CMS
UK Pay Gap Report 2024

Learn more

Select your region

Languages
  • English
Social media

Stephen Phillips is a partner with over 20 years of experience in a wide range of finance transactions.

He acts for both banks and borrowers in various sectors, including oil and gas, financial institutions, maritime and real estate.

Stephen has also been heavily involved in the transfer of loan portfolios and warehousing transactions and the Scottish aspects of the securitisation of residential and commercial mortgage loans as well as credit card and auto loans receivables.

He also has significant experience of advising on Bank of England Discount Window Facilities and advising Scottish financial institutions and corporates on loan note issues.

Stephen has an extensive advisory practice, which includes advising and opining upon the validity of complex financial instruments and structures under Scots law. He is the author of Scots law industry opinions including the Scottish ISDA Netting and Collateral opinions.

Stephen is a member of the Banking, Company and Insolvency Law Committee of the Law Society of Scotland and is one of the teachers of the International Finance LLM course at the University of Edinburgh.

Legal 500 identify Stephen as a Leading Individual in Banking and Finance in Scotland.

Awards & Recognitions
01
  • Quote
    "According to clients he is "always very solid" and commands great respect from his peers. One market commentator adds: "We've got a good relationship and I have a lot of respect for him. If I was a bank or a borrower I would have no issue going to him"."
    Chambers

Relevant experience

  • Standard Life plc on the negotiation of a syndicated facility of USD 400m.
  • John Wood Group plc on the negotiation of its bilateral facilities with seven banks.
  • Ethos Energy Limited on the negotiation of its bilateral facilities with four banks.
  • Banks on the application of the CRR regulations to their lending, deposit and trading arrangements.
  • A number of financial trade bodies, including the main derivatives body, ISDA.
  • Banks and financial institutions on a wide range of securitisation and warehousing transactions.
  • Regularly, Scottish counsel to major bond and note issuers.

Education

  • Law, University of Strathclyde, Glasgow
Back to top Back to top