Louisa Watt is a partner in Cadwalader's Financial Restructuring Department and head of the Firm's Debt and Claims Trading practice.
Louisa has more than 10 years' experience representing investment funds, bank lenders, brokerage firms and other financial institutions in the acquisition and sale of syndicated bank loans, debt instruments, derivatives claims, bond claims and deposit related trades throughout Europe, the United States and Asia. She is recognised as a leading authority on secondary loan trading in distressed situations and has extensive experience in the creation of bespoke documentation for complex cross-border trading transactions.
She advises clients on a wide variety of legal matters affecting distressed and par trading transactions under the LMA and LSTA regimes, including the review and analysis of credit documentation, claims trading analysis and execution, and advising on loan-to-own strategies and non-performing loan portfolio investments.
Louisa is currently an active participant in the Loan Market Association. She serves on an LMA trading documentation committee that continually reviews and updates the market standard documentation for par and distressed debt transactions, as well as an LMA confidentiality committee that advises on issues of confidentiality affecting the loan market.
Before joining Cadwalader, Louisa was a partner at Richards, Kibbe & Orbe LLP, where she served as a member of the Executive Committee.
Recent significant engagements include the representation of:
· Creditors of the insolvent Icelandic banks formerly known as Glitnir Banki hf., Landsbanki Íslands hf. and Kaupthing Bank hf.; Lehman Brothers International (Europe) In Administration and other Lehman entities; Arcapita Bank BSC; the Spanish real estate companies Alteco and Mag Import S.L. (Gecina); and MF Global U.K. (in Special Administration), MF Global Holdings Ltd. (in Chapter 11 proceedings), MF Global Australia Limited (in Liquidation) and MF Global Singapore Pte. Limited.
· Funds in the acquisition of Greek and German Schuldscheindarlehen and Genussscheine.
· Acquirers of par and distressed debt in Asia, Australia, Germany, France, Italy, Spain and Scandinavia, as well as the U.K. and U.S.
· Goldman Sachs in the creation of its bespoke LMA trading documentation.