Principal, Counsel (Corporate Recovery), London, United Kingdom

European Bank for Reconstruction and Development (EBRD)

EBRD London

Requisition ID

32910

Office Country

United Kingdom

Office City

London

Division

Office of the General Counsel

Contract Type

Fixed Term

Contract Length

3 years

Posting End Date

10/01/2023

Role Overview EBRD’s Office of the General Counsel (OGC) is at the core of EBRD’s mandate to build sustainable and open market economies in the jurisdictions where it operates, ranging from Central and Eastern Europe and the Southern and Eastern Mediterranean to Central Asia. Deploying more than €10 billion of financing each year, EBRD is a leader in climate finance, including investments in renewables, green bonds and energy efficiency programs. It also supports small and medium-sized enterprises, infrastructure projects, local manufacturers and many others, with a focus on promoting the sustainable development of the private sector.

The Office of the General Counsel handles all legal aspects of EBRD’s lending and investment transactions, provides legal advice for institutional and administrative matters and supports EBRD’s policy development in its region through its legal transition program.

OGC is currently recruiting for a Counsel position within the Corporate Recovery team, part of the Banking Operations group. The position will be based in London.

The OGC Corporate Recovery team provides specialist legal advice and legal transaction management services in relation to impaired assets, distressed investments, debt restructuring, asset recovery, bankruptcy and insolvency proceedings and contentious matters.

The successful candidate will be offered a three-year fixed-term contract.

Accountabilities & Responsibilities

Counsel in the Corporate Recovery team provide legal support in restructurings, work-outs and recovery proceedings involving loans, equity and other investments, chiefly in EBRD’s region of operations. Counsel will:

  • assist the Bank’s Corporate Recovery Unit in the development and implementation of work-out/recovery strategies for distressed loans and investments;
  • provide legal support for the Bank’s conduct of contentious matters, including in litigation and arbitration; and
  • contribute to OGC’s knowledge of the legal environment governing insolvency, enforcement and bankruptcy proceedings in the Bank’s operating region.

This job description is not limited to the responsibilities listed and the incumbent may be requested to perform other relevant duties as required by business needs.

Knowledge, Skills, Experience & Qualifications

Candidates are expected to:

  • have a law degree from a leading university; for candidates from civil law jurisdictions, a post-graduate law degree (e.g., LLM) from a common law jurisdiction would be preferred;
  • be admitted to practice law in at least one jurisdiction and preferably have professional experience in both civil and common law;
  • have at least six years of post-qualification practising experience gained at a top-rated law firm;
  • have relevant professional experience as a lawyer working with English law governed financing agreements in one or more of the following fields:

    • loan work-outs and restructurings;
    • loan recovery proceedings, including security enforcement and asset recovery;
    • cross border insolvency and insolvency proceedings/processes; and
    • arbitration and banking and insolvency litigation.
  • be particularly interested in emerging markets work; and
  • have an excellent command of the English language, including a demonstrated capacity to draft and negotiate legal documents in English. Fluency in an additional language, in particular Russian, French, Turkish or Arabic, would be an asset.

What is it like to work at the EBRD?

Our agile and innovative approach is what makes life at the EBRD a unique experience! You will be part of a pioneering and diverse international organisation, and use your talents to make a real difference to people’s lives and help shape the future of the regions we invest in.

The EBRD environment provides you with:

  • Varied, stimulating and engaging work that gives you an opportunity to interact with a wide range of experts in the financial, political, public and private sectors across the regions we invest in;
  • A working culture that embraces inclusion and celebrates diversity;
  • An environment that places sustainability, equality and digital transformation at the heart of what we do.

Diversity is one of the Bank’s core values which are at the heart of everything it does. A diverse workforce with the right knowledge and skills enables connection with our clients, brings pioneering ideas, energy and innovation. The EBRD staff is characterised by its rich diversity of nationalities, cultures and opinions and we aim to sustain and build on this strength. As such, the EBRD seeks to ensure that everyone is treated with respect and given equal opportunities and works in an inclusive environment. The EBRD encourages all qualified candidates who are nationals of the EBRD member countries to apply regardless of their racial, ethnic, religious and cultural background, gender, sexual orientation or disabilities. As an inclusive employer, we promote flexible working and expecting our employee to attend the office 50% of their working time.