Emma Payne is a corporate lawyer specialising in funds and alternative investment structures. This includes advising on the formation of investment funds (predominantly in the real estate sector), subsequent acquisitions and disposals, re-financing and restructuring exercises by such funds. Emma also advises on complex joint ventures using a variety of vehicles (corporates, partnerships, trusts or contract) and which are frequently multi-jurisdictional.
Having spent time in-house, Emma has learnt to see things from the client's perspective. She believes that clear communication is the key to ensuring that she delivers what her clients want and need, whether that is a high level overview of issues or a detailed analysis of the law on a specific point.
Emma prides herself on being trusted and respected by her colleagues and clients and is frequently complimented on her hard working ethic, her "can do" attitude and her commercially pragmatic approach. Emma enjoys helping her clients work through the issues that any transaction presents and aims to do so with integrity and of course, a smile.
Emma led a team who advised a UK property trust on its amalgamation with a large institutional property investment fund. The circumstances of the amalgamation were unique and required a bespoke set of transaction documents in order to allow for the purchase of the UK property trust's units for a mixture of cash and units for a value in excess of £100million. Emma used careful analysis of the issues and creative thinking to come up with solutions for this bespoke transaction.
Emma advised a large port authority on the implementation of an asset backed funding arrangement with their defined benefit pension scheme. The arrangement gave the pension scheme an interest in a Scottish limited partnership in order to reduce the pension scheme's deficit. The Scottish limited partnership will develop a solar park on land owned by the port authority's group which will generate income for the pension scheme over the next 20 years. This arrangement aimed to solve a significant deficit in the pension scheme. However, the vehicles used and concepts raised were largely new to the client. Emma therefore had to steer the client through the complex decisions required to ensure the success of the enterprise in the future.
Emma frequently advises pension funds on their investment into existing pooled funds. The pooled funds that Emma has reviewed have been based in numerous offshore jurisdictions, set up as different vehicles which may be regulated or unregulated and have a range of underlying asset classes. Emma focuses on her client's need to understand the risks faced when investing in pooled funds and targets her advice to make it clear and concise.