ChristineVan Gallebaert

Partner

巴黎 + 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 has set up French direct lending funds, some of them being authorized as a European Long Term Investment Fund (ELTIF) by the French Market Authority for the purpose of granting loans to small and medium-sized enterprises throughout Europe and used by European lending platforms. More recently, she advised the originators or the arrangers in several securitizations notified 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 securitizations and creating a specific framework for simple, transparent, and standardized securitizations.

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.

经验

  • Natixis and Goldman Sachs complete €1.5 billion first Green "use of proceeds" RMBS in France for BPCE groupJones Day acted as legal adviser to Natixis and Goldman Sachs Bank Europe SE, 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 2021 Green UoP".
  • Findomestic Banca (BNPP group) completes €800 million SRT securitizationJones Day advised Findomestic Banca S.p.A. (BNPP group) in connection with a €800 million public securitization of auto loan receivables originated by Findomestic Banca (BNPP group).
  • BNP Paribas acts as arranger and senior investor on securitization of consumer loans originated by Younited Credit in ItalyJones Day acted as reviewing counsel to BNP Paribas, as arranger and senior investor, in connection with the acquisition by M&G Specialty Finance (Luxembourg) No.1 S.à r.l., a Luxembourg investment vehicle managed by M&G Investment Management Limited, of consumer credit portfolios originated by Younited Credit S.A., Italian Branch, for a total maximum value of approximately €300 million.
  • BPCE group completes €750 million private French consumer loans securitizationJones Day advised BPCE and Unicredit Bank AG, as co-arrangers, and Natixis, as cap counterparty, on a securitization of French consumer loans originated by certain Banques Populaires and Caisses d’Epargne belonging to the BPCE group through the establishment of a French fonds commun de titrisation "BPCE Demeter Tria FCT".
  • Crédit Immobilier de France Développement completes fourth public securitization transaction of residential loansJones Day acted as legal adviser of Crédit Immobilier de France group in its fourth public securitization of French residential loans of €635 million through the French fonds commun de titrisation "Harmony French Home Loans FCT 2021-1".
  • Amundi Asset Management sets up French fonds de financement spécialisé "Prêts Participatifs Relance fundJones Day acted as legal adviser to Amundi Asset Management, in its capacity as one of the delegated asset managers, in connection with the French fonds de financement spécialisé "Prêts Participatifs Relance" ("PPR") set up in May 2021 as part of the COVID-19 support measures, and in particular, the program "France Relance" of the French Ministry of Economy, Finances and Relaunch, providing a specific support for small and medium enterprises and mid-caps under the conditions set forth in the Decree no. 2021-318 dated March 25, 2021 implementing Article 209 of the Finance Law for 2021 no. 2020-1721 dated December 29, 2020.
  • Crédit Immobilier de France (CIF) Group, BNP Paribas, and Crédit Agricole Corporate and Investment Bank complete STS SecuritizationJones Day advised Crédit Immobilier de France (CIF) Group and the arrangers, BNP Paribas and Crédit Agricole Corporate and Investment Bank, on the French residential loans securitization made through the French fonds commun de titrisation "Private Harmony BTL 2021 FCT".
  • BNP Paribas Asset Management sets up €1 billion French debt fund investing into Dutch residential mortgage loansJones Day acted as legal adviser to BNP Paribas Asset Management in connection with the setting up of a French debt fund with compartments investing into Dutch residential mortgage loans for a maximum amount of €1 billion with the first compartment investing only into residential mortgage loans that are guaranteed by Waarborgfonds Eigen Woningen (NHG Mortgage loans) originated by HollandWoont (a Dutch mortgage loan originating platform) and the second compartment investing only into residential mortgage loans (not considered as NHG Mortgage loans) originated by the Dutch platform Clarian Wonen, both compartments issuing pass-through bonds privately placed.
  • Natixis and BofA Securities complete securitization transaction of French residential loansJones Day acted as legal adviser to Natixis and BofA Securities, Inc., 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 2020".
  • Crédit Immobilier de France Développement completes third public securitization transaction of residential loansJones Day acted as legal adviser of Crédit Immobilier de France group in its third public securitization of residential loans of €670 million through the French fonds commun de titrisation "Harmony French Home Loans FCT 2020-2".
  • October and Intesa Sanpaolo launch €200 million ABS Notes financing of State Guaranteed Loan for Italian SMEsJones Day assisted the SME lending platform October and Intesa Sanpaolo, as senior investor of the asset-backed notes, in the context of a €200 million financing of State Guaranteed Loans for Italian SMEs through the direct lending French FFS licensed as ELTIF (European Long Term Investment Fund) named “October Italian SME Fund 1” and the issuance of ABS Notes by a French FCT named “SME Funding Italy Direct October 2020-A”.
  • AXA Home Loan SFH issues €500 million of Soft Bullet Covered Bonds under its 2020 updated €10 billion Covered Bonds issuance programmeJones Day represented Natixis, as arranger and permanent dealer, and AXA Home Loan SFH, as issuer, in connection with the update of the €10 billion EMTN programme for the issuance of Covered Bonds (obligations de financement de l’habitat) of AXA Home Loan SFH signed on June 15, 2020.
  • 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”.
  • 演讲

    • 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