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Ultan Shannon

Ultan Shannon | Corporate | Banking Lawyer | Finance Law | Arthur Cox

  • Ultan Shannon is “thorough, knowledgeable and ensures that timelines can be met.” He regularly acts for clients on secured and unsecured lending transactions and on property and acquisition finance. Shannon also advises on syndicated loans and structured finance.
    Chambers Global: The World’s Leading Lawyers for Business, 2017

  • “Ultan Shannon has a growing reputation as a ‘very strong, technical lawyer’ who is ‘commercial and responsive – he understands tight timescales.'”
    Chambers Global: The World’s Leading Lawyers for Business, 2016

  • ‘Ultan Shannon is praised for his work on cross-border transactions, aided by his education and experience of working in New York. He also works closely with domestic borrowers and lenders in complex funding transactions.’
    Chambers Europe: Europe’s Leading Lawyers for Business, 2015

  • ‘Ultan Shannon is “a user-friendly lawyer who focuses on getting the deal done,” according to clients.’
    Chambers Europe: Europe’s Leading Lawyers for Business, 2013

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    Expertise

    Ultan advises both financial institutions and borrowers on a wide range of domestic and international finance transactions including secured and unsecured lending, asset/property finance, acquisition finance, syndicated loans and structured finance. Ultan trained with Arthur Cox having previously being admitted in New York where he completed a master’s degree in Banking and Corporate Finance at Fordham University and also worked as in-house counsel for a New York not-for-profit organisation.

    Experience

    • Acting for Bank of Ireland on the restructuring and amendment of facilities to a corporate hotel owning group
    • Acting for Ulster Bank in connection with their financing of the acquisition by Connacht Gold Cooperative Society Limited of certain subsidiaries and business of Donegal Creameries plc
    • Acting for Ulster Bank in connection with the financing of the acquisition by the Helix Healthcare Group of the business of pharmaSys Limited, a UK company
    • Advising Citibank International on Irish aspects of the amending and restating of existing facilities in connection with a corporate re-organisation of the WPP Group
    • Acting for various corporates including, but not limited to, Warner-Chilcott plc, Ingersoll-Rand plc, Valeant Ireland, Cooper Industries plc, Accenture plc, Covidien plc and Seagate Technology plc in connection with the Irish aspects of their financing arrangements
    • Acting for CVC Capital Partners in connection with Irish aspects of the financing of the acquisition of the Delachaux Group
    • Acting for SEN/Enterasys in connection with the issuance of a high yield bond and the provision of credit facilities
    • Advising various financial institutions on the drafting of their standard loan and security documentation
    • Acting for various lenders and borrowers in the restructuring of their loan and security arrangements and acting for lenders through the enforcement process
    • Advising lenders in relation to the drafting of template facility letters, terms and conditions and security documents

    Practice Areas

    Banking and Other Lending Transactions
    Education
    • LL.M, (Banking and Corporate Finance) 1995, Fordham University, New York
    • LL.B, 1991, Trinity College, Dublin
    Professional
    • Admitted as a solicitor in Ireland, 2000
    • Admitted to the New York Bar, 1994

    • ‘Comparing the firm with several others in the M&A top tier, another [client] remarks: "Most large law firms provide good legal advice, however, sound commercial guidance is not always as readily available and this is the difference between this and the other firms as far as I'm concerned."’

      IFLR 1000, 2015 edition

      Although the firm is well regarded in all fields, transactional corporate work is one where it excels. “We worked on the other side to Arthur Cox and were very impressed.” says one client.

      IFLR 1000, 2014 Edition

    • Arthur Cox is widely admired for the excellent quality of its legal advice and its overall service. Considered one of the “blue bloods” of the country’s law firms.

      World Tax 2014

      Arthur Cox remains one of the premier Irish law firms, lauded for offering an exceptional quality of service across an impressively broad range of practice areas.

      IFLR 1000, 2014 Edition