Sullivan
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Biography

Dyna is experienced in trade, structured trade and commodity finance. She has advised clients on a wide range of cross-border trade finance transactions in a variety of jurisdictions across mainland Europe, CIS, Africa and Asia, with an emphasis on emerging markets.

Dyna acts for leading banks advising on secured commodity financings, letter of credit and guarantee issuance facilities, commodity repo structures, trade instruments and receivables financings, including supply chain finance on a wide range of commodities including oil, gas, metals and softs. She also regularly advises banks on risk sharing techniques, including the drafting of sub-participations.

Her experience also includes advising on the impact of regulatory changes in respect of trade finance. More recently Dyna has advised banks and corporates on the use of technology in their financings and has advised on some bespoke structures.

Dyna spent nine months on secondment to the London-based trade finance legal team of a leading multinational bank.

Education
  • BPP University Law School
    • Legal Practice Course
  • BPP University Law School (Graduate Diploma in Law)
  • Manchester Business School
    • International Management
  • Chinese University of Hong Kong
    • International Asian Studies Programme
Bar & Court Admissions
  • Solicitor, Senior Courts of England and Wales
Additional Publications
  • The Second Edition of “A Practitioner's Guide to Trade and Commodity Finance,” was published in 2021 by Sweet & Maxwell, a division of Thomson Reuters. Edited by Geoffrey Wynne, the guide covers all aspects of trade and commodity finance, from pre-export and structured trade finance to the rise of supply chain finance as part of the techniques involved in receivables finance. Dyna Yates, together with partner Simon Cook, contributed to two chapters that examined receivables finance.
  • The Implications of IFRS 9,” was published in the Summer 2019 issue of Trade Finance magazine. Dyna Yates, together with partner Geoffrey Wynne looked at the International Financial Reporting Standards 9, which became effective on 1 January 2018.
Sullivan Advises Mizrahi Tefahot Bank Ltd, London Branch (UMTB) in Essar Oil’s $150 Million Receivables Financing
London – International law firm Sullivan & Worcester (Sullivan) has advised Mizrahi Tefahot Bank Ltd, London Branch (UMTB) in relation to its role in the funding of Essar Oil UK’s (EOUK) $150 million receivables portfolio. The bank, the third largest in Israel, provided part of the funding for a structured receivables financing facility, to support EOUK’s working capital requirements. Hamburg Commercial Bank AG (HCOB) provided the remainder of the funding. As EOUK says, the transaction highlights the banking community confidence in EOUK’s financial and operating performance and enables it to finance operations at low cost while optimising overall cost and capital structure. Michael Gehler, Head of Corporate Lending at UMTB, commented: "We are pleased to support EOUK through the provision of a receivables facility which fits well within our bank’s core objectives of providing a variety of working capital solutions to companies based in the UK." Geoffrey Wynne, head of Sullivan's Trade & Export Finance Group, added: "Sullivan is pleased to have advised UMTB in this transaction which secures key funding for Essar using a structured form of receivables financing." The Sullivan team advising UMTB was led by trade and export finance partner Geoffrey Wynne with associate Dyna Yates and trainee Pedro Leake-Bandeira. About Sullivan Sullivan & Worcester (Sullivan) is a leading global law firm. With over 200 attorneys in Boston, London, New York, Tel Aviv and Washington, DC. Sullivan’s clients, including Fortune 500 companies and emerging businesses, rely on Sullivan’s strategic vision, comfort with complexity and intense focus on results. As a global law firm, Sullivan represents clients around the world on a wide variety of matters and issues affecting them globally. In London, the office’s market-leading and multiple award-winning trade finance practice is the premium provider of legal advice in relation to trade, export and commodity finance transactions to major trade finance banks and other financial institutions, funds, corporate borrowers, agents and trustees, and national and international organisations. The team’s unique offering includes an integrated insurance and dispute resolution service handling both transactional and contentious instructions.
Sullivan Wins Two Major Trade Finance Awards
London, UK– International law firm Sullivan is delighted to announce that it has won two major awards from leading trade finance publications. The firm has been named 'Best trade or supply chain finance law firm' at the Global Trade Review (GTR) 'Leaders in Trade Awards' 2022, and 'Best Trade Finance Law Firm' at the 2022 Trade Finance Global (TFG) International Trade Awards in cooperation with the Bankers Association for Finance and Trade (BAFT). The GTR award represents the fourth year running that Sullivan has been recognised at GTR’s Leaders in Trade awards. In 2021, it was named 'Law firm of the year' in the category 'Leaders in Trade for Innovation'. This year the firm was also shortlisted in the 'Best law firm (export finance)' category. The GTR Leaders in Trade Awards highlight excellence in the trade, commodity, supply chain and export finance and fintech markets. The awards were presented at GTR’s 2022 Annual Charity Awards dinner, held in London last night. With regards to the TFG 'Best Trade Finance Law Firm' award, it is the second time the firm has won this accolade, having previously won it in 2019. These awards are now in their sixth year, run in cooperation with BAFT, and recognise those who 'have provided an outstanding contribution to global trade and finance.' Geoffrey Wynne, head of the Trade & Export Finance Group and Sullivan’s London office, commented: "In such challenging times, it is a real honour for Sullivan to win the two most sought after accolades available for law firms anywhere – what a double! We have now seen well over two years of unprecedented disruption in the trade finance market and supply chains around the world that show little sign of abating. At the same time we are seeing a revolution in the way our business works as a whole in terms of the need for digitalization, virtual solutions, the rise of fintech and so on. I am delighted for our team, but it is the loyalty of our clients who continue to support us in London and internationally that will ensure our high quality trade and export finance team in London and the US is able to do more for them where they need that support." Sullivan’s trade and export finance team works with banks, financial institutions, funds, corporate borrowers, agents and trustees, and national and international organisations providing the full range of trade, commodity and export finance services, often in developing markets. The combination of the team’s expertise in London and New York ensures the firm can advise on structured financings under English and New York law and cover all cross border issues. The firm also advises on disputes, insurance and regulatory issues relating to trade and export finance transactions. Part of the firm’s global finance practice, Sullivan’s trade, export and emerging market finance practice handles multi-jurisdictional transactions and matters for clients across trade and export finance, project finance, asset finance, securitisation, securities law, insurance, tax, compliance and dispute resolution. The team advises on deals involving all types of commodities including softs, metals, oil and gas, as well as receivables, structured financial instruments, trade services, Export Credit Agency (ECA) and trade disputes across emerging markets. The firm also advises across the growing digitalisation and fintech areas, involving work for clients and associations such as the ICC, BAFT and ITFA in drafting rules and guidance for the fintech world. The full list of award winners for GTR can be found here and for TFG, here. About Sullivan Sullivan & Worcester (Sullivan) is a leading AmLaw 200 law firm. With over 200 attorneys in Boston, London, New York, Tel Aviv and Washington, DC, they guide organizations that are rewriting the rules. Sullivan’s clients, including Fortune 500 companies and emerging businesses, rely on Sullivan’s strategic vision, comfort with complexity and intense focus on results. As a global law firm, Sullivan’s reach extends beyond the United States. Sullivan has represented clients around the world and has a deep bench for working on a variety of matters and issues affecting clients globally. Sullivan’s London office is located at Tower 42 in the heart of the City of London. Details are as follows: 25 Old Broad Street, London EC2N 1HQ, Tel: +44 (0)20 7448 1000. The firm hosts bi-monthly webinars for 100+ clients, addressing key trade and export finance issues, as well as writing its Talking Trade Finance blog and contributing to industry events. For more information please visit www.sullivanlaw.com.