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Philip A. Hyde

Partner
+852.2230.3518
Fax +852.2511.9515

Philip Hyde is a partner in the firm’s finance practice with over 20 years of experience advising on an extensive range of debt capital markets, structured finance, derivatives and securitization transactions.

Mr. Hyde has advised on the establishment and updates of medium term note (MTN) programs, issues under MTN programs and their related swaps, convertible and exchangeable bonds, an Islamic financing transaction and international securities offerings, with significant recent experience of RMB bonds and Samurai bonds. 

Mr. Hyde also has a long track record of advising on repackaging programs and transactions, credit-linked notes (CLNs), equity-linked notes (ELNs), credit-linked Loans (CLLs) and collateral debt obligations (CDOs). Mr. Hyde has a strong knowledge of derivatives with a focus on interest and exchange rate derivatives, options and forwards, credit and equity derivatives, total return swaps, repos and stock lending.

In the area of securitization, Mr. Hyde has advised on the securitization of a wide range of asset classes, including non-performing loans, consumer loans, credit card loans, auto loans, shopping credit loans, commercial and residential mortgages, real estate and whole business securitizations.

Mr. Hyde advises a wide range of clients including arrangers, dealers, issuers, trustees, hedge funds, counterparties and investors.

Mr. Hyde is widely recognized as a leading individual for debt capital markets, structured finance and securitization work in legal directories, including Chambers Global, Chambers Asia and Asia Pacific Legal 500.

Professional Background

Prior to joining K&L Gates, Mr. Hyde was a partner at another international law firm and was head of their Asia Debt Capital Markets practice.

Achievements

  • Recognized as a leading lawyer for capital markets and structured finance/securitization in the 2015 Asia Pacific Legal 500.
  • Entries in leading legal directories, such as Chambers Global, Chambers Asia Pacific and Asia Pacific Legal 500 include:
    • “Long-established practitioner Philip Hyde is lauded for ‘combining strong analytical skills with a very commercial approach. He is always thinking outside of the box - that is one area that really distinguishes him.’” 
    • "’Star Performer’ Philip Hyde…has ‘a wealth of experience in capital markets transactions and always exercises strong commercial judgment.’” 
    • “Philip Hyde has ‘a very “can do” attitude’ and is ‘very client-focused and good at identifying problems at an early stage.’” 
    • “Philip Hyde ‘provides advice that is right on the mark by putting himself in the client’s shoes.’” 
    • “Philip Hyde…is praised for his ‘deep understanding of the Japanese market.’” 
    •  “’Philip Hyde is reachable, responsive and provides quite considered and practical advice…with consideration of commercial restraints.’”
Debt Offerings
  • Advising the arranger in respect of RMB1 billion bonds issued by a Hong Kong subsidiary of a Chinese state-owned enterprise. 
  • Advising the arranger in respect of HK$1 billion bonds issued by a Hong Kong incorporated company. 
  • Advising a Hong Kong listed company in relation to a RMB200 million bond issuance. 
  • Advising the arranger in respect of HK$1 billion bonds issued by a Hong Kong listed company. 
  • Advising the joint lead managers in respect of RMB1.2 billion bonds issued by a Hong Kong listed company. 
  • Advising a corporate issuer in relation to a JPY110.4 billion Samurai bond issuance. 
  • Advising various arrangers and dealers on the issue of convertible bonds, exchangeable bonds, MTNs and ELNs. 
  • Advising trustees on numerous secured and unsecured bond issues.

Structured Finance and Derivatives
  • Advising various arrangers on repackaging transactions, CLNs and CLLs. 
  • Advising trustees on the enforcement of security and the unwinding of a variety of secured notes, including synthetic portfolio notes. 
  • Advising various arrangers on managed and unmanaged CDOs and CLOs. 
  • Advising various arrangers of managed and unmanaged Synthetic Portfolio Notes. 
  • Advising the arranger in relation to an Islamic financing of a commercial property in Japan. 
  • Advising various hedge funds on the trading of distressed debt. 
  • Advising various global funds in respect of the purchase, trading and workout of Lehman, Aiful, Tepco and Elpida debt. 
  • Advising various arrangers on the unwinding of structured finance transactions. 
  • Advising an investment bank in its role as hedge counterparty in respect of syndicated loans, together with drafting the interest rate swap transactions. 
  • Advising an investment bank on forward purchase agreements, in relation to loans and bonds in the form of confirmations, under an International Swaps and Derivatives Association (ISDA) Master Agreement. 
  • Advising a Japanese insurance company in relation to its exposure under bespoke credit derivative transactions. 
  • Advising a Japanese bank on the purchase of trade receivables in China, Japan and Singapore. 
  • Advising various counterparties on the termination and settlement of derivatives transactions with Lehman Brothers. 
  • Advising various counterparties on a wide variety of sophisticated derivatives products, including credit derivatives, equity derivatives, fund and index-linked derivatives, total return swaps, interest rate, options, forwards and currency swaps, repurchase agreements, securities lending arrangements and credit support documents.

Securitization
  • Advising the arranger in relation to securitizations of various loan receivables, including consumer loans, credit card loans, instalment loans, auto loans and shopping credit loans. 
  • Advising arrangers in relation to securitizations of commercial and residential mortgages. 
  • Advising a Japanese incorporated company on the maintenance and restructuring of their whole business securitization. 
  • Advising a European bank in relation to investing in a whole business securitization. 
  • Advising the arranger on non-performing loan securitizations.
  • Advising various arrangers at the pre-funding, structuring stage of securitizations, in respect of the ongoing maintenance of securitizations and on their restructuring.