Lary Stromfeld

Phone212 504 6291

Peer Rating
 5.0/5.0
AV® Preeminent

Client Rating

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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.

Experience

Bankruptcies and Disputes:

News

News Releases

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 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

Resources

Clients & Friends Memos

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

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....

Court Holds that San Bernardino is Eligible to File for Chapter 9
Thomas J. Curtin,Mark C. Ellenberg,Lary Stromfeld, October 28, 2013
On October 16, 2013, the U.S. Bankruptcy Court for the Central District of California ruled that the City of San Bernardino is eligible for protection under chapter 9 of the Bankruptcy Code. In re City of San Bernardino, Cal., Case No. 12-28006, 2013 WL 5645560 (Bankr. C.D. Cal. Oct. 16, 2013)....


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Office Information

Lary Stromfeld


New YorkNY 10281-0006




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