Sep 01, 2016
Cadwalader is nominated for multiple 2016 Financial Times Innovative Lawyer Awards Europe, including:
Young Innovator of the Year – Europe
London Capital Markets partner Jeremiah Wagner has been selected as one of the FT’s top 10 innovative individuals. The award recognises the work a lawyer has done in the region, and Wagner will be featured in the FT’s upcoming Innovative Lawyer’s report.
Innovation in Business Development and Knowledge Management
“Alternative Finance for All Markets,” based on Cadwalader’s collaboration with platforms, banks and regulators that successfully created a series of precedents culminating in the first warehouse securitization of peer-to-peer loans and consumer loans in Europe.
“Risk Retention Rules” in recognition of the firm’s work on the first collateralized loan obligation (CLO) structures to facilitate financings by asset managers under both European and US risk retention rules.
Innovation in Legal Expertise: Navigating and Influencing Regulation
For the firm’s work representing long standing client Aer Lingus in IAG’s €1.4 billion acquisition of Aer Lingus and the forced sale of Ryanair’s minority stake.
Innovation in Legal Expertise: Monetising Assets
For Cadwalader’s work in relation to the Funding Circle Securitization, the first securitization of marketplace loans in Europe. The firm advised the arranger of this securitization which was backed by £130m of loans to UK SMEs originated on the Funding Circle platform. This is the first public, rated securitisation of marketplace loans in Europe.
The Financial Times received over 300 business of law submissions this year from 140 unique law firms and legal businesses. Winners will be honoured on October 5 in London.
September 3 Issue
On 13 September, the EBA updated its guidance in respect of the Securitisation Regulation.