Ivan Loncar

Phone212 504 6339

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Experience & Credentials
 

Practice Areas

  • Derivatives & Structured Products
  • Distressed Municipal Finance
  • Municipal Derivatives
  • Structured Products
  • Municipal Securitization
  • OTC Derivatives
  • Securitization & Asset Based Finance
 
Law SchoolUniversity of Belgrade School of Law, LL.B., 1995; Columbia Law School, LL.M., 1997
 
Admitted2000, New York
 
Biography

Ivan Loncar's practice focuses on derivatives, structured finance and municipal finance (including distressed municipal finance).

Ivan represents dealers, banks, and other financial institutions in connection with (i) unfunded derivatives involving a wide range of products (e.g., interest rate swaps, credit default swaps, total return swaps, commodity swaps, etc.) and counterparty types and (ii) funded derivative products (e.g., credit linked notes and other structured notes, market access trades, etc.). He also has extensive experience with the structuring of derivatives product companies and the repackaging of swap receivables, funding transactions collateralized by swap receivables and other structured transactions that combine securitization techniques and derivative products.

Ivan also represents creditors in connection with tax-exempt and taxable financings by U.S. state and local governments and non-for-profit corporations, including the restructuring of transactions with distressed municipal entities. He has extensive experience with credit facilities, liquidity facilities, financial guarantee insurance policies, interest rate swaps, forward delivery agreements and other reinvestment contracts relating to such financings. He also has extensive experience with secondary market municipal financial products, including municipal tender option bond programs and other securitizations of municipal debt.

Chambers USA - America's Leading Lawyers for Business recently ranked Ivan in the Derivatives arena noting that clients praised him as “tremendous” and incredibly thoughtful and knowledgeable. US Legal 500 has also commended Ivan as “simply outstanding” in the municipal derivatives field and as “expert in fixed income and credit derivatives and structured financial products.” IFLR 1000 has recognized Ivan as a “leading lawyer” in derivatives and structured finance. US Legal 500 has also recognized Ivan in the field of Municipal Bankruptcy.

Ivan received his LL.B. from University of Belgrade School of Law and his LL.M. from Columbia University School of Law. He is admitted to practice in the State of New York.

News Releases

• Cadwalader Recognized Among Leading Law Firms in 2015 Edition of IFLR 1000 Oct 21, 2014

• Cadwalader Named 2014 Americas Derivatives Law Firm of the Year; Ray Shirazi Recognized as Top Derivatives Lawyer Sep 19, 2014

• Cadwalader's Capital Markets Group Retains Top Spot in CMBS Representations Jul 25, 2014

• Cadwalader Recognized Among Leading Firms in The Legal 500 US 2014 Jun 27, 2014

• Cadwalader Recognized as Best Securitization Law Firm by GlobalCapital Jun 23, 2014

• Cadwalader Tops Mortgage-Backed Securities Tables in The American Lawyer 2014 Corporate Scorecard Apr 14, 2014

• Cadwalader Tops List of CMBS Law Firm Representations-Again Feb 07, 2014

• Cadwalader Again Recognized Among Legal Leaders by IFLR 1000 Nov 15, 2013

• Cadwalader Recognized in 2013 Edition of The Legal 500 US Oct 25, 2013

• IFLR 1000 Again Names Cadwalader a Leader in Core Transactional Areas of Practice Nov 06, 2012

• The Legal 500 Recognizes More than 15 Cadwalader Practices and 47 of the Firm's Lawyers Across U.S. Offices Jun 06, 2012

• The Legal 500 U.S. Recommends Cadwalader in 13 Areas of Practice and Highly Ranks More Than 50 Attorneys Jun 01, 2011

• Cadwalader Practices Commended by US Legal 500 Jun 16, 2010

Recent Press

• Cadwalader Continues to Dominate Law-Firm Ranking Jul 25, 2014

• Cadwalader Remains Top CMBS Legal Advisor Feb 07, 2014

• Cadwalader Still Top CMBS Law Firm, as Sidley Makes Inroads Jul 26, 2013

Recognition

• Cadwalader Recognized Among Leading Law Firms in 2015 Edition of IFLR 1000 Oct 21, 2014

• Cadwalader Named 2014 Americas Derivatives Law Firm of the Year; Ray Shirazi Recognized as Top Derivatives Lawyer Sep 19, 2014

• Cadwalader Recognized Among Leading Firms in The Legal 500 US 2014 Jun 27, 2014

• Cadwalader Recognized as Best Securitization Law Firm by GlobalCapital Jun 23, 2014

• Chambers and Partners USA 2014 May 23, 2014

• Cadwalader Again Recognized Among Legal Leaders by IFLR 1000 Nov 15, 2013

• Cadwalader Recognized in 2013 Edition of The Legal 500 US Oct 25, 2013

• Chambers and Partners USA 2013 May 24, 2013

• International Financial Law Review's 2013 IFLR 1000 Nov 06, 2012

• Chambers and Partners USA 2012 Jun 07, 2012

• 2012 Legal 500 US Jun 06, 2012

Clients & Friends Memos

• At Long Last-SEC Adopts Final Regulation AB II Sep 05, 2014

• SEC Adopts Regulation AB II Aug 28, 2014

• Court Rules that Detroit is Eligible for Chapter 9 and that Pensions May be Impaired in Chapter 9 Dec 06, 2013

• City of Detroit Files Chapter 9 Bankruptcy Petition - Challenges Ahead Jul 19, 2013

• Derivative Product Companies: A Comparison of New Rating Agency Guidelines May 10, 2013

• S&P's New Counterparty Risk Criteria for Structured Finance Securities Offer Additional Flexibility for Derivative Transactions Sep 28, 2012

• English Court of Appeal Interprets the ISDA Master Agreement Apr 12, 2012

• ISDA March 2012 Supplement and Protocol: Updating Muni CDS Mar 28, 2012

• SEC Proposes a New Rule Prohibiting Conflicts of Interest in Securitizations Oct 04, 2011

• The Dodd-Frank Act: How It Impacts Specific Institutions, Entities and Transactions Jun 22, 2011

• High Court Interprets Section 2(a)(iii) of the ISDA Master Agreement Dec 22, 2010

• The New Scheme for the Regulation of Swaps, with Appendices on Retroactivity, Special Entities and Tax, Under the Dodd-Frank Wall Street Reform and Consumer Protection Act Jul 20, 2010

• Regulation of End Users of Swaps Under the Dodd-Frank Wall Street Reform and Consumer Protection Act Jul 20, 2010

• Posting Independent Amounts under Derivative Transactions: Industry Recommendations for End User Protection Apr 16, 2010

• ISDA Publishes Final Collateral Dispute Resolution Procedure Designed to Assist Market Participants in Resolving Disputed Collateral Calls Oct 27, 2009

• Over-the-Counter Derivatives Markets Act of 2009 Aug 20, 2009

• Litigation Challenges Counterparty Right to Withhold Payments under Section 2(a)(iii) of ISDA Master Agreement as Violation of Automatic Stay Provisions of U.S. Bankruptcy Code Aug 11, 2009

• ISDA's Small Bang Protocol: Auction Settlement following a Restructuring Credit Event Jul 22, 2009

• Obama Proposal for Regulatory Reform as It Relates to OTC Derivatives Markets Jun 22, 2009

• The Obama Administration's Financial Regulatory Reform Proposal Jun 22, 2009

• The Obama Administration's Financial Regulatory Reform Proposal and Its Impact on the Securitization Markets Jun 22, 2009

• Obama Administration's Financial Regulatory Reform Proposal Introduced Jun 17, 2009

• Regulatory Reform of OTC Derivatives Markets May 15, 2009

• ISDA Auction Hardwiring and other Market Initiatives: Strengthening the Infrastructure for CDS Transactions Apr 08, 2009

• Draft U.S. Law Seeks to Regulate Credit Default Swaps Feb 02, 2009

• A Plain English Summary of Credit Default Swap Settlement Protocol Nov 18, 2008

Articles

• Derivative Product Cos: New Rating Agency Guidelines Jun 17, 2013

Experience

Notable transactions and advisory matters in which Ivan has been involved include:

Derivatives and Structured Finance

•Representing a major dealer in connection with (a) the structuring, negotiation and documentation of a series of complex derivative transactions aggregating over $107 billion in notional amount used to hedge interest rate, prepayment and credit risk associated with the automobile-lending unit financing undertaken as part of the acquisition of an 80% stake in the Chrysler Group by an affiliate of private equity firm Cerberus Capital Management LP, and (b) the subsequent restructuring of those transactions as a result of the recent bankruptcy of Chrysler LLC.
•Representing a major bank as an intermediary with respect to a significant portion of an insurance company's portfolio of derivative transactions with CDOs in order to provide such insurance company with liquidity relief by replacing such insurance company in such transactions, whose ratings would have required it to overcollateralize such transactions.
•Advised a major financial institution in the structuring, negotiation and documentation of a complex set of derivative transactions having a notional amount in excess of $1 billion that allowed our client to step into in-the-money interest rate swaps with a distressed toll road financing entity on an almost risk-free basis and repackage the cash-flows thereunder, which were then passed through to a hedge fund investor whom otherwise would not have been able to access this risk/return. The financial guaranty insurance policy wrapping the in-the-money interest rate swaps were also synthetically commuted, providing the financial guaranty insurer with capital relief.
•Representation of dealer in connection with $1 billion merger-contingent interest rate swap in connection with $28 billion leveraged buy-out.

Municipal Finance

•Advising a monoline insurer in connection with the potential restructuring of several billion dollars of debt issued by the Commonwealth of Puerto Rico and its public agencies.
•Advising various creditors and interested parties in Jefferson County's chapter 9 case, including advising a sewer warrantholder in the negotiation of the County's plan of adjustment.
•Advising Detroit Public Schools in connection with the initial preparation for a Chapter 9 filing and pre-petition financing.
•Advising ISDA in connection with the development of template documentation for credit default swaps on U.S. states, municipalities and other local governments, including the 2012 U.S. Municipal Reference Entity Supplement to the 2003 ISDA Credit Derivatives Definitions and the related ISDA protocol.
•Representing the sponsor and dealer group that developed MCDX, the index for Credit Default Swaps on U.S. state and local governments, including the trading documentation for tranche MCDX.
•Representing Goldman Sachs in connection with the structuring and negotiation of (a) a basis swap agreement related to the issuance of approximately $1 billion of tax-exempt and taxable bonds to finance the construction of the new Yankee Stadium, and (b) a $198 million portion of such bonds that bear interest at a floating rate that is determined based on the Consumer Price Index and a floating-to-fixed interest rate swap agreement relating to such bonds.

Newsletter

Trade Alert

• Trade Alert - May 2014, Issue 5 Jun 03, 2014

 
ISLN913077366
 
Profile Visibility
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Office Information

Ivan Loncar


New YorkNY 10281-0006




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