Mark Kavanagh - Partner

Mark Kavanagh

 

 

+353 1 691 5643
+353 1 691 5010
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Mark is a partner in the firm's Banking and Financial Services Department.  

Mark joined the firm in 1997 and has been a partner in the firm's Banking and Financial Services Department since 2005.

Mark advises both national and International financial institutions, corporate and individual borrowers on banking matters. He has extensive experience advising on secured and unsecured lending, cashflow lending, development finance, project finance and tax-based lending.

More recently, Mark has been advising financial institutions on debt restructurings, work outs and recovery strategies in relation to challenged loan portfolios. Mark advised and managed cross -disciplinary teams on behalf of several financial institutions in connection with the preparation of due diligence reports in connection with loans to be transferred to the National Asset Management Agency (NAMA).

Mark is a member of the Management Committee in ByrneWallace and is on the Business Law Committee in the Law Society. Mark also lectures in the Law Society on its Banking Law Certificate programme.

Key Experience

  • Lead banking partner on the legal team which acted for the Irish subsidiary of Amarin Corporation in Amarin’s $100m hybrid debt-like financing with Biopharma.
  • Lead banking partner advising and representing Ritz-Carlton Hotel Company BV, a subsidiary of Marriott International Inc in relation to the restructuring of CarryLane Limited (in Examinership) which owns the Ritz-Carlton Powerscourt, Wicklow.
  • In late 2012, advised Quality Healthcare (Group) Limited on the structuring and banking related issues on the sale of Quality Healthcare (Shanakiel) Limited.
  • In 2012, Mark was lead partner advising an Irish bank in relation to a debt refinance and group reorganisation of a large multi-jurisdictional group of retail companies.  Mark's role included a review of existing security held by the bank; a review of and advice on an existing multi-facility bilateral loan agreement and drafting a new multi-facility loan agreement to replace the existing one.  This transaction required extensive negotiation with the Borrowers and its advisors to ensure that the refinancing did not adversely effect the Banks position; negotiation of foreign legal opinions issued for the benefit of the Bank; existing security confirmed and new security put in place and perfected where necessary.

Qualifications

  • Bachelor of Business and Legal Studies Degree, University College Dublin, 1996
  • Diploma in Financial Services Law, University College Dublin, 2000
  • Admitted as a solicitor in Ireland, Law Society of Ireland, 2000
  • Admitted to the Roll of Solicitors in England and Wales, 2010

Memberships

  • Law Society of Ireland
  • Dublin Solicitor's Bar Association
  • Law Society of England and Wales

Recommendations

Mark Kavanagh is popular with clients: "He takes a practical approach to solving problems and provides workable solutions which protect the interests of our business." - Chambers Global 2013

Mark Kavanagh has particular experience in advising on commercial lending, asset-based lending, development finance and project finance. He is valued by clients, who say " his insight is hugely important – he raised issues in a practical and proactive way" - Chambers & Partners 2012


Mark Kavanagh is praised by clients through his speed of response and ability "to break down different difficult issues to a simple level" - Chambers & Partners 2011