Apr 03, 2019
Cadwalader, Wickersham & Taft LLP today announced that the firm has added financial regulatory lawyer Michael Sholem to the firm’s London office.
Sholem will join Cadwalader’s Financial Services Group as a special counsel from Davis Polk.
“Michael has broad experience across multiple regulatory schemes and industries applicable to our bank and fund clients,” said London managing partner Gregory Petrick. “The type of advice Michael provides is critical to our transactional and disputes practices.”
Added partner Scott Cammarn, co-chair of Cadwalader’s Financial Services Group: “Michael is a valuable addition to our Financial Services Group in the UK and the U.S. Increasingly, banks and other financial institutions require advice on regulatory changes and challenges that impact their cross-border operations. Michael will fit in seamlessly with our London team and our market-leading capabilities in the U.S.”
Sholem’s practice focuses on the supervision and regulation of banks, investment firms, payment institutions and asset managers, including in connection with new authorizations, changes of control, corporate governance and regulatory investigations. His practice has also included advising non-financial groups on the impact of new regulation, with a particular focus on market infrastructure and financial technology.
Sholem also has extensive experience advising clients on developments in European Union laws and Brexit issues.
“Cadwalader has an outstanding reputation in the financial services community, both in London and in the U.S.,” Sholem said. “This is a period of high activity on the financial regulatory side, and we are in a great position to support Cadwalader’s growing client base in London.”
Sholem’s arrival is another important addition to Cadwalader’s London team. In recent months, partners Samantha Hutchinson, Duncan Hubbard and Melis Acuner joined the firm, along with special counsel Joanna Valentine. Hutchinson is a preeminent fund finance partner who joined the firm from Dentons, where she was head of the firm’s global fund finance practice. Hubbard, a leading real estate finance lawyer, joined the firm from Norton Rose Fulbright LLP, where he was head of the London Real Estate Finance Group. Disputes partner Acuner and M&A special counsel Valentine joined the firm earlier in 2018. In addition, in the U.S., partner Mark Chorazak joined the firm in New York and represents financial institutions on a wide range of bank regulatory, transactional and compliance matters.
The Bank of England has initiated a review of its own exposure to LIBOR,
Scott Cammarn, Jonathan Watkins, Mark Chorazak, Aaron Lang
On 7 June 2019, Regulation (EU) 2019/876 (CRR II) was published in the Official Journal of the EU.