Thomas Vogel

  • Partner
  • Ethomas.vogel@lw.com
  • 45, rue Saint-Dominique
  • Paris 75007
  • France
  • T +33.1.40.62.20.47
  •  
  • Die Welle
  • Reuterweg 20
  • 60323 Frankfurt am Main
  • Germany
  • T +49.69.6062.6143
  •  
 

Profile

Thomas Vogel is a partner in the Corporate Department in the Paris and Frankfurt offices of Latham & Watkins. He has a significant experience in cross-border capital markets, structured finance, and derivatives.

Mr. Vogel regularly acts for global financial services firms, investment managers, hedge and investment funds, sovereign funds, and UHNW individuals. He advises on structured finance transactions, alternative investment structures across asset classes including structured strategic equity solutions, structured fixed-income transactions (delivered in synthetic format through derivatives instruments or in funded format through debt securities), strategic contingent hedging transactions, regulatory capital and synthetic risk transfer transactions, NPL portfolio transfers, synthetic credit, fund, energy, catastrophe and longevity derivatives, structured repo, and stock-lending transactions.

Mr. Vogel also routinely advises corporate issuers and underwriters on international securities offerings, US private placements and 144A resales in the context of standalone debt or hybrid offerings (including equity-linked offerings in the form of convertibles or exchangeables), EMTN or USMTN programs, securitizations (trade receivables), and collateral loan obligations (CLO) transactions.

He advises clients on financial regulatory issues (including under EMIR, MIFID, AIFMD, and Dodd-Frank) and pre-contentious financial disputes in the context of mediation, arbitration and litigation procedures, as well as on internal derivatives compliance programs and derivatives clearing documentation.
Mr. Vogel has acquired years of transactional experience in New York, London, Hong Kong, and Tokyo both as a private practitioner (with a Magic Circle firm) and senior in-house counsel (with a leading US investment bank in New York). In recent years, he has represented clients in multi-billion dollar structured transactions in Europe, Asia, and the Middle East.

Mr. Vogel is a member of the Frankfurt Bar Association.

Accolades
  • Named a Leading Individual. “He is very competent, experienced, smart and pleasant to work with.”
    The Legal 500 EMEA 2020
  • Named a Notable Practitioner
    IFLR 1000 France 2020
  • Named a Leading Individual
    The Legal 500 EMEA 2019
  • “A very knowledgeable practitioner”
    Chambers Europe 2020
  • “Highly experienced”
    “Committed”
    The Legal 500 EMEA 2017
  • “Highly competent and experienced in the field of derivatives” 
    The Legal 500 EMEA 2016

 

Experience

Mr. Vogel's experience includes advising:
  • US investment fund on the purchase of a €600 million portfolio of French non-performing loans (NPLs) (2020)
  • French Asset Manager on a €100 million auction-settled credit-linked note issued by a French bank and linked to a linear basket of 5 reference entities (2020)   
  • US investment bank in €900 million subordinated loan financing eligible for Tier 2 capital treatment (2020)
  • US bank on an €200 million accelerated share buy-back in French publicly listed company (2019) 
  • US investment fund on a €1.6 billion synthetic risk transfer transaction of a portfolio of French consumer loans (2020)
  • French corporate on a €800 million “collar” derivative to hedge the sale of a minority stake in another publicly-listed French company (2019)
  • US investment bank on a €800 million derivative “call spread” hedging strategy on French listed shares (2019)
  • German investment bank on a derivatives strategy (composed of a combination of Put Options and Total Return Swaps) aimed at providing a capital guarantee to managed equity funds offered by a French asset manager (2018) 
  • Sovereign investor in margin loan over shares of German publicly-listed company (2018) 
  • French corporate on a €400 million structured share buy-back transaction documented via an equity forward derivative (2017) 
  • French asset manager on entering into an investment management transaction to manage in excess of €10 billion of financial assets (2017)
  • French corporate on a €900 million share buy-back transaction documented via structured mandate for the repurchase of own shares (2017)

 

Thought Leadership

  • Lexology's Equity Derivatives Guide 2021 -  August 03, 2021
  • ESMA Statement Warns on Payment for Order Flow -  July 16, 2021
  • EBA Consults on Prudential Disclosures on ESG Risks -  May 04, 2021
  • ESG and Cryptocurrency: Considerations for Market Participants -  April 12, 2021
  • Using the ISDA IBOR Fallbacks Supplement in Finance-Linked Hedging Transactions -  February 04, 2021
  • Lexology's Equity Derivatives Guide 2020: France -  October 01, 2020
  • European Secured Notes — Coming to a Bank Near You? -  September 23, 2020
  • European Commission Proposes Amended Framework for the Securitisation of Non-Performing Exposures -  September 08, 2020
  • A Move Towards a New STS Framework for Synthetic Securitisations -  May 27, 2020
  • Reporting of OTC Derivatives Between FC and NFC- Entities After 18 June 2020 -  May 14, 2020
  • MiFID Refit — Commission Consults on Review of MiFID II Framework -  February 27, 2020
  • AMF Proposals to Revive the Research Industry in France -  February 19, 2020
  • STS Securitisations: Further Clarity on Two Sets of Technical Standards -  November 25, 2019
  • EU Securitisation Reporting Rules Hit the Home Stretch -  November 05, 2019
  • US-EU Margin Rules Reference Guide -  July 08, 2019
  • We’ve Got You Covered: New European Covered Bond Framework -  April 22, 2019
  • Cross-Border Application of EMIR — What Has Changed? -  November 22, 2013
  • EMIR: A Primer for Non-Financial Counterparties Using Derivatives -  September 05, 2013
  • ESMA Publishes Draft Regulatory Technical Standards on Cross-border Application of EMIR -  July 25, 2013
  • Lehman Bar Date Order Introduces Complexity For Derivatives Claims -  July 20, 2009

Named a Leading Individual.

The Legal 500 EMEA 2021
Bar Qualification
  • Avocat (Paris)
  • England and Wales (Registered Foreign Lawyer)
  • New York
Education
  • Graduate Degree Economics and Finance, Institut d'Etudes Politiques de Paris, 2001
  • Graduate Law Degree, University of Paris I (Pantheon-Sorbonne), 2000
  • JD, Cornell Law School, 2000
Industries
  • Energy & Infrastructure
  • Financial Institutions
Languages
  • French
  • English
  • Japanese
Practices
  • Capital Markets
  • Structured Finance
  • Islamic Finance
  • Africa Practice
  • Derivatives