ChristineVan Gallebaert

Partner

Paris + 33.1.56.59.39.39

Christine Van Gallebaert's practice focuses on securitization, covered bonds, debt funds, and structured financings that are backed by receivables (notably trade receivables, mortgage loans, receivables over public entities, consumer loans, and nonperforming loans).

Christine has been recognized as an experienced practitioner in securitization deals by leading legal publications. She has assisted clients in the formation of a number of French covered bonds issuers and in securitization transactions of various financial assets. She set up French debt funds authorized as a European Long Term Investment Fund (ELTIF) by the French Market Authority for the purpose of granting loans directly to European SMEs (small and medium-sized enterprises) as well as French direct lending securitization funds. More recently, she advised the originator in the first securitization in Europe that has been notified with ESMA and published on its website as STS (simple, transparent and standardized), since the entry into force, on January 1, 2019, of the EU Regulation 2017/2402 dated December 12, 2017, laying down a general framework for securitization and creating a specific framework for simple, transparent and standardized securitization.

Christine has lectured on securitization as part of the Master 2 banking and financial law program at the University of Paris I-Panthéon Sorbonne since 2009.

She also regularly writes articles for noted financial publications, including Capital Finance and Revue Banque & Droit.

Experience

  • Crédit Agricole Home Loan SFH issues €2 billion Soft Bullet Covered BondsJones Day represented Crédit Agricole Home Loan SFH, as issuer, in connection with its issuance of €2 billion 0.125% Soft Bullet Covered Bonds.
  • 123 Investment Managers set up société de financement spécialiséJones Day assisted 123 Investment Managers with setting up a "société de financement spécialisé" (SFS) with compartments named "123 Asset Securities".
  • Crédit Immobilier de France Développement completes second public securitization transaction of residential loansJones Day acted as legal adviser of Crédit Immobilier de France group in its second public securitization of residential loans through the French fonds commun de titrisation "Harmony French Home Loans FCT 2020-1".
  • BPCE completes €1 billion private French consumer loans asset-backed financingJones Day advised BPCE on a private French consumer loans assets-backed financing through the establishment of a French fonds commun de titrisation (FCT) with compartments (BPCE Demeter FCT).
  • October forms October SME IVJones Day advised October S.A. in connection with the structuring of October SME IV, a French fund dedicated to the financing of SMEs based in France, Spain, Italy, the Netherlands, and Germany through direct loans ranging from €30,000 to €5 million originated by the October platform.
  • Crédit Agricole Home Loan SFH issues €1.25 billion Soft Bullet Green Covered BondsJones Day represented Crédit Agricole Home Loan SFH, as issuer, in connection with its inaugural green issuance of €1.25 billion (US$1.38 billion) Soft Bullet Green Covered Bonds.
  • Crédit Immobilier de France Développement completes first public securitization transaction of residential loansJones Day acted as legal adviser of Crédit Immobilier de France group in its first public securitization of residential loans through the French fonds commun de titrisation “Harmony French Home Loans FCT 2019-1” in connection with a portfolio of French residential loans of €710 million (US$792.8 million).
  • Natixis and BofA Merrill Lynch act as joint lead managers on French residential loans securitization BPCE Home Loans FCT 2019Jones Day acted as legal adviser of Natixis and BofA Merrill Lynch, joint lead managers, and Natixis, interest rate swap counterparty, in connection with the securitization of French residential loans originated by the Banques Populaires and the Caisses d'Epargne through the French fonds commun de titrisation “BPCE Home Loans FCT 2019”.
  • CIF Group completes First STS Securitization in EuropeJones Day advised Crédit Immobilier de France (CIF) Group on the French home loans securitization made through "Private Harmony French Home Loans FCT".
  • BNP Paribas Asset Management creates infrastructure debt fund dedicated to Korea Investment & SecuritiesThe international law firm Jones Day advised BNP Paribas Asset Management (BNPP AM) in the creation of an infrastructure debt fund dedicated to the Korea Investment & Securities (KIS), one of the largest investment and brokerage banks in Korea.
  • Crédit Agricole Home Loan SFH issues CHF150 million Soft Bullet Covered BondsJones Day represented Crédit Agricole Home Loan SFH, as issuer, in connection with its issuance of CHF150 million (US$152.4 million) Soft Bullet Covered Bonds.
  • Crédit Agricole Home Loan SFH issues two series of Soft Bullet Covered Bonds for an aggregate amount of €1.5 billionJones Day represented Crédit Agricole Home Loan SFH, as issuer, in connection with its €1.5 billion (US$1.75 billion) issuance of two series of bonds, consisting of €500 million Soft Bullet Covered Bonds and €1 billion Soft Bullet Covered Bonds.
  • Crédit Agricole Home Loan SFH issues €1.5 billion Soft Bullet Covered BondsJones Day represented Crédit Agricole Home Loan SFH, as issuer, in connection with its issuance of €1.5 billion (US$1.7 billion) Soft Bullet Covered Bonds.
  • My Money Bank sells auto loans activity in mainland France to FinancoJones Day advised My Money Bank (formerly GE Money Bank) in connection with the sale of its auto loans activity in mainland France to Financo, an affiliate of Arkea Group.
  • Crédit Agricole Home Loan SFH issues CHF200 million 0.25% Soft Bullet Covered BondsJones Day represented Crédit Agricole Home Loan SFH, as issuer, in connection with its issuance of CHF200 million (US$212.6 million) 0.25% Soft Bullet Covered Bonds.
  • Crédit Agricole Home Loan SFH issues €1.25 billion Covered BondsJones Day represented Crédit Agricole Home Loan SFH, as issuer, in connection with its issuance of €1.25 billion (US$1.52 billion) Soft Bullet Covered Bonds.
  • Lendix forms European Long Term Investment FundJones Day advised Lendix S.A. in connection with the formation of its second European Long Term Investment Fund (ELTIF), a €200 million French debt fund for the purpose of granting loans to European SME, including in co-financing with individual lenders participating to the crowdlending platform Lendix.
  • Natixis arranges refinancing of loans granted by French enterprises through securitization fund for €100 millionJones Day represented Natixis in connection with the refinancing of loans granted by French enterprises as their mandatory contribution to the social housing effort (Participation des employeurs à l’effort de construction or PEEC) through a French securitization fund for a maximum amount of €100 million privately placed.
  • ING Bank N.V., Sucursal en España and Finacity Capital Management arrange cross-border trade receivables facility for Ferroglobe PLCJones Day represented ING Bank N.V., Sucursal en España and Finacity Capital Management in connection with a cross-border trade receivables facility for Ferroglobe PLC, a leading materials innovation company.
  • Crédit Agricole Home Loan SFH issues CHF200 million Covered BondsJones Day represented Crédit Agricole Home Loan SFH, as issuer, in connection with its issuance of CHF200 million (US$209.5 million) Soft Bullet Covered Bonds.
  • Speaking Engagements

    • 14 février 2019
      Tendances et actualité du Private Equity
    • 13 novembre 2018
      Projet de loi PACTE : Deux séminaires dédiés chez Jones Day
    • November 13, 2018
      Jones Day dedicates two seminars to PACTE
    • June 21-22, 2018
      Conflict of laws issues and European Commission's Proposal on the law applicable to the third-party effects of assignment of claims, Summer School in International Financial Law, University of Milan
    • 16 janvier 2018
      Actualité du private equity 2018 : la SLP, Fonds de dette, Actualités européennes, Actualité fiscale
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