•Project Peninsula•Project Garait II•Securitisation Watch•iLS Law Firm of the Year for NPLs•iLS with DBRS Morningstar in the rating of the first systemic NPL securitisation of the Republic of San Marino•iLS at the 9th International Funds Summit & EXPO in Cyprus•Norman and Fabrizio co-author legal article on latest trends of Italian case law about transfers of receivables in bulk•Norman Pepe’s article on BeBeez regarding the causes and consequences of the potential NPLs market reform•Project Mugello•iLS ranked in the TopLegal Capital Markets 2022 survey•Norman presents iLS at the 2022 South Europe NPL Management Summit in Athens•iLS with illimity in the real estate refinancing of Relais Borgo Santo Pietro•Norman and Fabrizio interviewed by BeBeez on the GACS scheme renewal•Norman and Fabrizio co-author legal article on new rules for risk retention requirement in NPE securitisations•iLS in the sixth NPL securitisation backed by “GACS” guarantee of BCC Banca Iccrea•iLS with illimity in a real estate refinancing transaction in the hotelerie sector•Real Estate Securitisation as a real estate financing tool in Italy•iLS ranked in the TopLegal Capital Markets 2022 survey•ICCREA GACS V•iLS opens its Milan office•New funding tool for Italian securitisations•Project Sandokan 2•Project Arya•iLS “Independent Italian Desk of the Year”•ICCREA GACS IV•Norman and Fabrizio Co-Author Legal Article on RE Securitisation•Norman and Fabrizio interviewed by Capital Structure – 06/2020•Covid-19’s impact on the Italian Npl market•GACS and secondary market transactions•Two new tools for reperforming strategies
London
Milan

Norman Pepe

Partner
P: +44 (0) 20 3617 6714
M: +44 (0) 771 734 3138
E: norman.pepe@ilslondon.uk
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Practice Areas

Structured Finance, NPLs, Capital Markets, Banking

Biography

Norman Pepe is an experienced and commercially-minded business lawyer who has worked for magic circle and top tier international law firms in London and Milan. Norman’s clients include primary investment banks, international investment funds, primary Italian banks, rating agencies and servicers.

Norman’s practice encompasses banking and structured finance, with a focus on residential and commercial mortgage-backed securitisation transactions, distressed portfolios, non-performing loans, principal finance and real estate finance transactions.

In 2019, Norman was selected by Le Fonti Awards as the “International NPL” lawyer of the year.

Norman is dual qualified as an avvocato in Italy (2003) and a solicitor of England and Wales (2008).

Work Experience

  • Gitti and Partners, Partner/Head of Structured Finance, May 2017 to September 2018;
  • RCC, Partner, April 2014 to April 2017;
  • Paul Hastings (Europe) LLP, Associate, February 2009 to April 2014;
  • Bonelli Erede Pappalardo, Associate, October 2005 to January 2009;
  • Freshfields Bruckhaus Deringer, Associate, March 2003 to October 2005.

Publications

  • Co-Author of Riflessioni a margine dell’adozione di nuovi regulatory technical standards relativamente al mantenimento dell’interesse economico netto nelle operazioni di cartolarizzazione NPE (Preliminary considerations on the impact of the new regulatory technical standards regarding the risk retention requirement on NPE securitisations) in Giurimetrica, September 2022;
  • Co-Author of Recenti evoluzioni dei meccanismi di funding nelle operazioni di cartolarizzazione (Recent evolutions of funding mechanisms in securitisation transactions), in Diritto Bancario, May 2021;
  • Co-Author of Profili giuridici delle cartolarizzazioni immobiliari e di beni mobili registrati (Legal aspects of securitisations of real estate and registered movable assets), Diritto Bancario, June 2020;
  • Co-Author of Come cedere gli NPL garantiti da ipoteca senza attendere i tempi biblici della giustizia italiana (How to transfer mortgage-backed NPLs without waiting for the biblical times of Italian justice), in Milano Finanza, August 2017;
  • Co-Author of Intermediari finanziari al bivio tra “bancarizzazione” e “deregulation” (Financial intermediaries at a crossroad between “banking” and “deregulation”), in Il Societario, December 2015;
  • La cartolarizzazione dei crediti futuri mediante finanziamento destinato ad uno specifico affare (The securitisation of future receivables through destined financing loans), in Contratto e Impresa, June 2011;
  • Diritto fallimentare e derivati di credito (Insolvency law and credit derivatives) in Analisi legale dei credit derivatives con particolare riguardo ai credit default swaps (Legal analysis of the credit derivatives and in particular the credit default swaps), in diritto.it, February 2006;
  • Stabilità e crescita: verso una riforma del Patto di Dublino? (Stability and growth: towards a reform of the Dublin Agreement?), in Il Finanziere, May 2002, no. 5;
  • Giudicato penale e procedimento disciplinare (Criminal sentencing and disciplinary measures), in Rivista Giuridica della Guardia di Finanza, February 2002.
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