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Piaras C. Power

Partner
Head of Banking & Finance, Co-Lead of FS Sector Group

Piaras is Partner and Head of Banking & Finance and is also Co-Head of the Financial Services Sector Group.

Piaras' practice focuses on acquisition finance, cash flow, asset-based lending, real estate & development finance (with a particular focus on the residential, healthcare and alternative asset sectors), project/infrastructure funding as well as general secured and unsecured lending transactions. He also has extensive experience in relation to restructuring, bankrupticies, workouts and pre-enforcement strategies for secured creditors. He has also acted on a number of loan portfolios sales.

His clients include both Irish and international financial institutions and agencies, in addition to specialised lenders. Piaras has extensive experience in advising large corporates, PLCs, public bodies, institutional firms, qualifying investor funds (QIAIFs), ICAVS, unit trusts and other regulated entities on high-value lending transactions in additon to complex intercreditor arrangements.     

Key highlights include advising: 

  • an international bank on the provision of finance to a bankruptcy remote Irish limited partnership in relation to the acquisition of a substantial residential PRS scheme in Dublin 
  • a domestic 'pillar' bank in connection with its funding of a portfolio of over 90 warehouse and logistics properties throughout Ireland 
  • a lender in connection with the financing of a portfolio of over 150 residential units to be used by an approved housing body for social housing purposes
  • a real estate development company on a €250m syndicated facility advanced to it in relation to a marquee development in central Dublin comprising of residential, commercial and retail units
  • a German infrastructure lender in connection with the funding of early stage solar project located in Ireland and the United Kingdom 

‘We get exceptional access to and service from Piaras Power. He is up there with the very best in the industry and his legal knowledge and pragmatism is exceptional. He has a wonderful way of efficiently executing the legal transaction or funding through pleasant, confident and influential leadership.’ - Legal 500

"Top class across the board" - Legal 500

"He knows both sides of the loan agreement and can advise on what is reasonable" - Chambers Europe

Sources note Piaras Power's "good degree of technical knowledge," adding: "His main standout strength is that he is very commercial." - Chambers Europe

Piaras Power "has a huge reputation for his knowledge, competence and ability to deliver on any funding-associated legal requirement." - Chambers Global

Clients highlight that "he translates the commercial requirement through the legal process into a legal agreement in a manner that is always respectful and pleasant, but serious when needed." - Chambers Global

"He is very astute at dealing with complexity, and can break things down into risk segments to explore ways of mitigating the risks." - Chambers Global

"well respected and very commercial" - Chambers Europe

Piaras Power has an "amazing reputation" in the market - Legal 500

Ranked in Chambers Global 2019

Ranked in Chambers Europe 2020, 2021

Legal 500 EMEA-Leading Individual-2021

  • Member, Board of Directors, Aware (Irish mental health charity) 

Piaras attended University College Dublin and Technological University Dublin 

Piaras Power

Partner

Head of Banking & Finance, Co-Lead of FS Sector Group

Piaras Power

Partner

Head of Banking & Finance, Co-Lead of FS Sector Group

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