Aug 21, 2015
New York, August 21, 2015—Cadwalader, Wickersham & Taft LLP, a leading counselor to global financial institutions and corporations, has been recognized for the first time as “Top Underwriter Counsel for U.S. CLOs” through June 30, 2015, by Asset-Backed Alert. The firm also tied for second place among “Top Issuer Counsel for U.S. CLOs.”
In the first half of 2015, Cadwalader closed 48 total CLO transactions valued at over $21 billion. The firm’s Capital Markets Group is led by partners Michael Gambro and Stuart Goldstein.
“Our top rank as underwriter counsel for U.S. CLOs reflects our efforts to continue expanding our presence in this market as we continue to build upon our global capital markets dominance,” Gambro said. “Cadwalader has actively represented clients in CLO transactions and related products in both the U.S. and U.K. for more than a decade, with significant growth over the last four years in particular. In that time we’ve brought on respected attorneys and added new products and asset classes, helping us to attract additional business and clients.”
Goldstein added, “As the structured credit market continues its resurgence post-downturn, our CLO practice is focused on the latest innovations in the CLO 2.0 market, including structuring transactions to comply with European and U.S. risk retention requirements.”
In addition to providing counsel on transactions, Cadwalader has represented the Loan Market Association and Structured Finance Industry Group in meeting with regulators to discuss regulation affecting the CLO market, and has assisted the Association for Financial Markets in Europe in reviewing how U.S. regulation affects European institutions. The firm also has advised on deals that have received recent recognition, including the Global Capital “U.S. CLO of the Year” award for Ares XXX and IMN’s “European CLO Deal of the Year” for HayFin Ruby II.
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On 7 June 2019, Regulation (EU) 2019/876 (CRR II) was published in the Official Journal of the EU.