is partner of counsel at White & Case and has in recent years primarily focused on the international capital markets, acting for issuers, underwriters, trustees and depositaries. He has advised on many equity and debt offerings, securitisations and ECP and EMTN programmes, including some of the first international offerings by issuers from Central and Eastern Europe, Asia and Africa. Francis has worked on many sovereign debuts and restructurings and has a particular understanding of the unique legal issues they face. One of the highlights of his work during the financial crisis was leading the team that drafted Kazakhstan's bank restructuring law, an innovative law which was then used to restructure a number of banks in what has been acknowledged as the first real 'bail-in' restructurings of financial institutions. Francis has lectured on various aspects of his practice at seminars and conferences and has been a member of a number of study groups formed to consider legal issues relating to sovereign restructurings. He is a member of the Legal Advisory Council of the Astana International Financial Centre and a trustee of a number of charities.