Lary Stromfeld

Phone212 504 6291

Peer Rating
 5.0/5.0
AV® Preeminent

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Experience & Credentials Ratings & Reviews
 

Practice Areas

  • Derivatives & Structured Products
  • Distressed Municipal Finance
  • Financial Regulation
  • Municipal Derivatives
  • Swap Regulation
  • Municipal Securitization
  • OTC Derivatives
  • Securitization & Asset Based Finance
  • Structured Products
 
University Brandeis University, B.A., 1977
 
Law SchoolUniversity of Pennsylvania Law School, J.D., 1981
 
Admitted1982, New York
 
Biography

Lary Stromfeld has a diverse practice based upon more than 30 years of experience in the capital markets. He represents global financial institutions and other leading market participants in a wide variety of financial products and complex financings, as well as disputes and bankruptcies.

Lary is ranked among the top derivatives attorneys in the world. He is also the co-head of Cadwalader's Distressed Municipal Finance Practice and the founder and head of Cadwalader's historically famed ... leading Municipal Derivatives practice (Chambers USA).

He is one of the best from a strategy perspective, extremely logical and very good at cutting through the surface material to get to the heart of any matter, has a true gift... which allows him to stay calm and unrattled, and he never says 'no,' but rather suggests how to get around limitations and exploit opportunities (Chambers USA). He is recommended for his advice on the full range of structured products and derivatives matters, including bankruptcies, close-outs and disputes (Chambers USA). He has been called an expert of the highest caliber with a derivatives practice that is truly versatile, spanning advisory and transactional matters (Chambers Global).

Lary's recognitions include:

•Chambers Global - The World's Leading Lawyers : Band 1 in global rankings of derivatives specialists.
•Chambers USA -America's Leading Lawyers : Band 1 in U.S. national rankings of derivatives specialists.
•US Legal 500 : a “Leading Lawyer” in Municipal Bankruptcy with deep municipal finance experience and part of a derivatives team that is “incredibly thoughtful and knowledgeable; if there is a solution, they will find it.”
•The Best Lawyers in America : a leading lawyer in Derivatives and Futures, Securitization and Structured Finance, where clients praised his strong technical skills and noted that he is extremely practical in his advice.
•Euromoney Guide to the World's Leading Securitization Lawyers : Capital Markets/Derivatives specialist.”
•Super Lawyers (New York) : listed in the inaugural and each subsequent edition.
•IFLR 1000 : “a leading lawyer.”

Lary is the co-author of Chapter 9 Bankruptcy Strategies: A Big Stick, Rarely Used, published in Inside the Minds by Aspatore Books and Lehman Brothers Bankruptcy Filings: Issues for Replacement Swap Counterparties and their Municipal Clients published in Pratt's Journal of Bankruptcy Law. Lary is a frequent lecturer at industry conferences.

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

• More Than 40 Cadwalader Attorneys Recognized by Super Lawyers 2014 New York Metro Edition Sep 15, 2014

• Cadwalader Attorneys, Practices Recognized in 2015 Edition of The Best Lawyers in America Aug 18, 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 Attorneys, Practices Recognized by 2014 Chambers Global Guide Mar 25, 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

• 2014 Edition of The Best Lawyers in America Recognizes 44 Cadwalader Attorneys Across a Range of Practices Oct 22, 2013

• Super Lawyers 2013 New York Metro Edition Recognizes More Than 30 Cadwalader Attorneys Sep 18, 2013

• More Than 25 Cadwalader Attorneys in 17 Practice Areas Recognized by 2013 Chambers Global Guide Apr 08, 2013

• Cadwalader Has Another Breakout Year at the IFLR Americas Awards - Firm is Recognized for Two Outstanding Achievements in Deal and Team Categories Mar 27, 2013

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

• Super Lawyers Names Metropolitan New York Cadwalader Lawyers in More Than 20 Areas of Practice as Outstanding in Their Fields Oct 15, 2012

• 2013 Edition of The Best Lawyers In America Recognizes 45 Cadwalader Attorneys in Multiple Areas of Practice Oct 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

• ISDA Retains Cadwalader as Legal Counsel for Dodd-Frank Documentation Project Mar 28, 2012

• IFLR 1000 Again Names Cadwalader a Leader in Core Transactional Areas of Practice Oct 19, 2011

• Super Lawyers Taps More Than 40 Metropolitan New York Cadwalader Attorneys as Outstanding in Their Fields Sep 26, 2011

• 2012 Edition of The Best Lawyers In America Recognizes 45 Cadwalader Attorneys in 30 Areas of Practice Sep 06, 2011

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

• Cadwalader Recognized for Continued Excellence by Chambers Global 2011 Apr 19, 2011

• The Best Lawyers In America Recognizes 37 Cadwalader Attorneys in 21 Areas of Practice Aug 04, 2010

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

• Cadwalader Recognized as Industry Leader by Chambers Jun 15, 2010

• Cadwalader Represents Markit in Development and Structuring of Convertible Bond Indices Sep 22, 2009

• 2010 Edition of The Best Lawyers In America Recognizes Numerous Cadwalader Attorneys Aug 07, 2009

• Cadwalader Lauded in Multiple Practices in Chambers USA Jun 12, 2009

• Cadwalader Receives High Marks from The Legal 500 Jun 03, 2009

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 Attorneys, Practices Recognized in 2015 Edition of The Best Lawyers in America Aug 18, 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 Attorneys, Practices Recognized by 2014 Chambers Global Guide Mar 25, 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

• 2014 Edition of The Best Lawyers in America Recognizes 44 Cadwalader Attorneys Across a Range of Practices Oct 22, 2013

• Chambers and Partners USA 2013 May 24, 2013

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

• Super Lawyers 2012 Oct 15, 2012

• The Best Lawyers In America 2013 Oct 06, 2012

• Chambers and Partners USA 2012 Jun 07, 2012

• 2012 Legal 500 US Jun 06, 2012

• Chambers and Partners Global 2012 Mar 01, 2012

Clients & Friends Memos

• Final Credit Risk Retention Requirements for Asset-Backed Securities Transactions Oct 30, 2014

• Lehman Bankruptcy Court Issues Safe Harbor Decision Jan 06, 2014

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

• Insurers Seek Enforcement of State Law Protections for City of Detroit GO Bonds Nov 12, 2013

• Court Holds that San Bernardino is Eligible to File for Chapter 9 Oct 24, 2013

• Detroit Bankruptcy Court Refuses Stay of Chapter 9 Eligibility Hearing Under Stern v. Marshall Sep 30, 2013

• Reproposed Credit Risk Retention Requirements for Asset-Backed Securities Transactions Sep 13, 2013

• Court Approves Extension of the Automatic Stay in Detroit's Chapter 9 Case to State Officials Jul 26, 2013

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

• Court Holds that Stockton is Eligible to File for Chapter 9 Apr 03, 2013

• State Review Team Finds Financial Emergency in City of Detroit. What is Next for the City of Detroit? Feb 19, 2013

• City of Stockton: Bankruptcy Court Holds that Rule 9019 Does Not Apply to Chapter 9 Debtors Jan 31, 2013

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

• CFTC Adopts Final Rules and Interpretations Further Defining Products and Final End-User Clearing Exception Rule; Proposes Clearing Exception for Swaps Entered into by Certain Cooperatives Jul 11, 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

• Harrisburg: A Case Study in State Law Barriers to Chapter 9 Jan 10, 2012

• A Critical Analysis of the Potential Impact of the Volcker Rule on Municipal Bonds Dec 12, 2011

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

• SEC Launches FCPA Probe of Financial Services Industry's Interactions with Sovereign Wealth Funds Mar 18, 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

• Chapter 9 Bankruptcy Strategies: A Big Stick, Rarely Used Oct 31, 2011

• Lehman Brothers Bankruptcy Filings: Issues for Replacement Swap Counterparties and their Municipal Clients Mar 02, 2009

Events

• Distressed Municipality Spotlight: Detroit Jan 10, 2013

ExperienceBankruptcies and Disputes:

Newsletter

SEC Enforcement Advisor

• SEC Launches Municipalities Continuing Disclosure Cooperation Initiative Mar 27, 2014

 
ISLN903352312
 

Documents by this lawyer on Martindale.com

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Lehman Bankruptcy Court Issues Safe Harbor Decision
Kathryn Borgeson,Mark C. Ellenberg,Lary Stromfeld,John H. Thompson, January 7, 2014
On December 19, 2013, Judge James M. Peck of the United States Bankruptcy Court for the Southern District of New York issued his latest decision in the Lehman Brothers cases addressing the scope of the safe harbor provisions of the Bankruptcy Code. Michigan State Housing Development Authority v....


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Office Information

Lary Stromfeld


New YorkNY 10281-0006




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