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Kos Vavelidis

Partner

Admitted in England and Wales

Licensed as a Foreign Legal Consultant by the NY State Supreme Court, Appellate Division

About

Kos Vavelidis advises originators, issuers, arrangers, investment managers, and investors across the US and Europe on a broad range of structured finance, derivatives, securitization, and asset-backed lending matters, with a particular focus on Collateralized Loan Obligations (CLOs).

He has experience representing the majority of arrangers, warehouse providers, and a range of collateral managers and investors on European CLO transactions and warehouse facilities and a number of arrangers and managers on US...

Kos Vavelidis advises originators, issuers, arrangers, investment managers, and investors across the US and Europe on a broad range of structured finance, derivatives, securitization, and asset-backed lending matters, with a particular focus on Collateralized Loan Obligations (CLOs).

He has experience representing the majority of arrangers, warehouse providers, and a range of collateral managers and investors on European CLO transactions and warehouse facilities and a number of arrangers and managers on US transactions. He recently represented clients such as Ares, Barclays, Bank of America Merrill Lynch, BNP Paribas, Citi, Credit Suisse, CVC, Deutsche Bank, Goldman Sachs, ICG, Jefferies, J.P. Morgan, Morgan Stanley, MC Credit, Neuberger Berman, New Mountain, Nuveen and Oak Hill Advisors.

His experience includes structuring CLOs and public and private securitizations to comply with a variety of regulatory requirements in the US and Europe, including the Dodd-Frank Act and the EU and UK Securitization regulations. He advises on the US, EU and UK regulatory framework, including the risk retention and transparency requirements regimes, as they apply to US and European transactions. 

He has been at the forefront of developments in the European CLO space and has been involved in the development of new concepts, including uptier priming debt language, new environmental, social, and governance (ESG) language, rating agency criteria, sanctions language, and commercial concepts. Kos has spoken at industry conferences and has been quoted in the press on legal developments in the industry.

Kos also has extensive experience in derivatives. He has acted for banks, hedge funds, private equity sponsors, and corporate borrowers, sovereigns, and sovereign wealth funds on a wide spectrum of cross-jurisdictional matters, with a particular emphasis on Over-The-Counter (OTC) and structured derivatives transactions in respect of currencies, rates, commodities, and credit.

Before joining DLA Piper, Kos worked at a major US law firm for four years and a Magic Circle law firm for six years. He has previously been seconded to the structured finance legal team of a leading global investment bank and the International Swaps and Derivatives Association, where he acted as the Determinations Committee Secretary for all regions and worked on the publication of key derivatives documentation.

Kos graduated with a Law degree from King's College London and worked as a summer analyst at Goldman Sachs and a diplomatic advisor with the Greek mission to the United Nations in New York before qualifying as a solicitor.

Professional QualificationsEngland and Wales

EXPERIENCE

CLOs

Kos has advised arrangers and managers on more than 80 US and European CLO transactions and warehouses, including the following closed deals:

Arranger Experience*
  • Advising Barclays on the Redding Ridge 8, Redding Ridge 12, Harvest XXI Refi, Northwoods 23 Euro, CVC XXI, OCP 2020-4 Reset, Neuberger Berman 2, Aqueduct 6, Invesco V, CIFC III, Capital Four II, CVC XI Refi, Henley IV, Goldentree 5, BBAM II, Contego X, Palmer Square 2022-2, and Voya VI CLOs
  • Advising Bank of America Merrill Lynch on the OCP 2022-5, Aqueduct 7-2022, and Marga...
CLOs

Kos has advised arrangers and managers on more than 80 US and European CLO transactions and warehouses, including the following closed deals:

Arranger Experience*
  • Advising Barclays on the Redding Ridge 8, Redding Ridge 12, Harvest XXI Refi, Northwoods 23 Euro, CVC XXI, OCP 2020-4 Reset, Neuberger Berman 2, Aqueduct 6, Invesco V, CIFC III, Capital Four II, CVC XI Refi, Henley IV, Goldentree 5, BBAM II, Contego X, Palmer Square 2022-2, and Voya VI CLOs
  • Advising Bank of America Merrill Lynch on the OCP 2022-5, Aqueduct 7-2022, and Margay I CLOs
  • Advising BNP Paribas on the Toro 5 CLO
  • Advising Citi on the Harvest XXII, Ares XIII, and Redding Ridge 11 CLO
  • Advising Credit Suisse on the Aurium IX and Harvest XXIX CLOs
  • Advising Deutsche Bank on the CVC XXII and Aurium II Reissue CLOs
  • Advising Goldman Sachs on the Redding Ridge 9 and Voya IV Reset CLOs
  • Advising Jefferies on the Carlyle 2017-2 Reset, Carlyle 2021-3, CVC XXIII, Hayfin IV Reset, Hayfin VII, and St Pauls' II Reset CLOs
  • Advising Morgan Stanley on the Jubilee 2019-XXIII and Rockford 2021-2 CLOs
  • Advising Goldman Sachs on recent US CLOs
Manager Experience*
  • Advising Ares Europe on all of their recent European CLOs
  • Advising Ares US on their recent US CLOs
  • Advising MC Credit on recent US CLOs
  • Advising Nuveen on recent US CLOs
  • Advising New Mountain on recent US CLOs
  • Advising Birch Grove on recent US CLOs
  • Advising Neuberger Berman on the Neuberger Berman 3 CLO
  • Advising ICG on the St. Paul's XII CLO
  • Advising Oak Hill Advisors on the Oak Hill VIII CLO
  • Advising CVC on the CVC XVII Reset CLO
Derivatives, Structured Finance, and Asset-Backed Lending*
  • Representing a leading international investment bank on a number of asset-backed lending facilities
  • Representing a global investment bank on total return swap transactions, often structured as securitizations
  • Advising leading international investment banks, sovereigns, corporates, buy side firms, and major banks on hedging aspects, International Swaps and Derivatives Association (ISDA) documentation and collateral arrangements for bilateral trading agreements, syndicated and standalone facilities and leveraged finance, Islamic finance, securitization, project finance, and covered bond deals
  • Advising on OTC derivatives, structured finance transactions linked to credit, rates, currencies, and commodities, ISDAs, Global Master Repurchase Agreements (GMRAs), and Global Master Securities Lending Agreements (GMSLAs)
  • Acting for syndicates of banks on hedgings of multi-billion syndicated project financings
  • Acting for a global investment bank on a high-profile cross-border credit and gold-linked transaction with a sovereign
  • Advising major dealers on deliverability issues of bonds and loans in credit default swaps
  • Advising syndicates of leading global financial institutions on their Eurozone crisis contingency planning, on the banking crises in Greece, Portugal, and Cyprus, and on major counterparty defaults

*Includes experience from previous firms.

 

Languages
  • English
  • Greek
Education
  • Graduate Diploma in Law, University of Law (London)

  • LL.B., King's College London

    with honors

AWARDS

The Legal 500 United Kingdom

  • Recommended, London Securitisation (2025)

Bylines

Seminars

Media Mentions

  • Mentioned, "CLO Investors Push Back on Use of ‘Snooze Drag’ Tactic (1)," Bloomberg Law, September 20, 2023
  • Mentioned, "New CLO Managers Eye $1.3 Trillion Market, Betting on Return," Bloomberg Law, September 12, 2023
  • Mentioned, "DLA Piper Hires London Finance Pro From Paul Hastings," Law360, May 9, 2023

Prior Experience

  • Senior Associate, US Law Firm, London (2019-2023)
  • Associate, Magic Circle Law Firm, London (2013-2019)

Memberships and Affiliations

  • Law Society

Connect

Location

New York
1251 Avenue of the Americas
New York
New York
10020-1104
United States of America