Mayer Brown announced this morning that it has advised ABN AMRO, as arranger for CIBC, on the establishment of an 8 billion Global Public Sector Covered Bond Program. This is the first transaction featuring mortgage loans guaranteed by the Canadian Mortgage and Housing Corp., the firm said.
The team was led by New York partner Paul Jorissen and London partner Dominic Griffiths and included London associates Carlos Echave, Gina Hartnett and Michele Daelemans. Echave has had a substantial role in advising on the developing legislation/regulatory framework of covered bonds in Europe. Prior to joining Mayer Brown, he was director and legal counsel of the European Securitisation Forum. In this position he advised working groups on legal and regulatory matters affecting securitization.