DZ BANK - Coral Programme - Factoring Company Trade Receivables Transaction

Bedell Cristin London acted as Jersey legal advisers to DZ BANK in connection with a new trade receivables transaction under the bank's €10 billion Coral Programme relating to the purchase of a portfolio of trade receivables originated by German-based and U.S.-based factoring companies at an approximate value of €30m. The Bedell Cristin team was led by London finance partner Bruce Scott and included senior lawyer Andreas Elofs.