Jeremy Cross is a vastly experienced loan finance lawyer with particular experience in funds finance, real estate finance and leverage finance, as well as in general corporate finance and restructuring. He has been a partner in the London office of Cadwalader since 2016.
Jeremy acts for lenders, borrowers and sponsors on a wide range of domestic and international financing transactions. He acts for many of the UK, European, U.S. and other banks based in the United Kingdom, as well as in the United States and Asia, and for non-bank financial institutions and funds.
Jeremy was recently recognised in the 2021 edition of Best Lawyers in the United Kingdom for Banking and Finance Law. Chambers UK lists Jeremy as a leader in the field of Banking & Finance, describing him as “a highly intelligent and commercial figure.” Legal 500 has recommended the “very commercial [Jeremy Cross].” He is also recommended in Bank Lending, noted as “very commercial and has the ability to explain in simple language often difficult concepts.” Jeremy was included among the “Hot 100”’ Lawyers by The Lawyer in 2013.
Prior to joining Cadwalader as a partner in 2016, Jeremy was the head of SJ Berwin’s (later KWM’s) Finance Practice in the UK and Europe for a period of 10 years between 2007 and 2016.
He was awarded an Exhibition to and received his M.A. in Law from Cambridge University. Jeremy is admitted to practice in England and Wales.
Jeremy’s significant engagements include:
- Advising an international manufacturing and sales company on a £1.8 billion leverage financing and refinancing of its debt;
- Advising a prominent high-end real estate development company on the financing of various projects including the £900 million financing of the purchase and development of One Hyde Park;
- Advising a major UK-based bank on the restructuring and buyout of debt incurred by property developers in respect of interests in Chelsea and Fulham Football Club grounds (Stamford Bridge and Craven Cottage);
- Advising a major international bank on a £1.2 billion joint venture with Sky, Panasonic and British Telecom relating to the provision of set-top boxes for satellite television;
- Advising a major European-based bank on the £1.5 billion financing of the purchase and development of the “Shard” building in London;
- Advising a major U.S.-based bank on various subscription finance and asset-backed lending transactions;
- Advising several prominent French banks in connection with various fund level asset-backed/NAV facilities;
- Advising the Spanish reconstruction organization on the trading and refinancing of €2 billion debt relating to a prominent Spanish supermarket chain;
- Advising various major UK and European banks in relation to facilities made available to hedge funds;
- Advising a number of leading funds on various leveraged financing transactions;
- Advising a major UK bank on various financings and refinancings of the Souter and Gloag (transport) group;
- Advising a number of Australian based corporate and investment banks on various subscription finance and asset-backed facility transactions;
- Advising a U.S. fund on the $500 million financing of various oil offtake contracts with the Republic of Angola; and
- Advising a prominent Italian bank on the provision of facilities to finance various shopping centres owned by Intu.