Paul Hastings LLP, a leading global law firm, announced today that it advised Deutsche Bank AG, London Branch in connection with the transfer of its €6 billion DECO servicing platform. This transaction involved the transfer of all Deutsche Bank AG’s Commercial Mortgage Back Securitisation (CMBS) loans as well as other non-securitised loans originated by the commercial real estate team and Deutsche Bank’s entire servicing team to Situs Asset Management.
The transaction involved the transfer of Deutsche Bank’s roles under over 100 different contracts requiring an extensive due diligence effort and the creation of bespoke solutions to a range of issues affecting the transferability of these rights.
The Paul Hastings team was jointly led by Corporate partner, Ronan O’Sullivan and Structured Finance partner Conor Downey, assisted by Tax partner, Arun Birla, Employment partner, Suzanne Horne and associates Ross McNaughton, Ed Bellamy, Jiten Tank, Sneha Shah,Natalie Stewart and trainee, Polly Blenkin.
