Cadwalader, Wickersham & Taft LLP

As one of the oldest law firms in the United States, Cadwalader, Wickersham & Taft LLP, founded in downtown New York in 1792, boasts more than 200 years of service to many of the country's and the world's most prestigious institutions. We are proud of our rich history and participation in many of the most significant social, economic and legal issues accompanying the growth of the United States. Our well-established US roots have led us to also become one of the world's most prominent law firms, with influence that has expanded around the globe as we advise clients with interests in Europe, South America and the Pacific Rim. In the process, we have established long-standing relationships with many of the world's premier financial institutions, Fortune 500 companies and other leading corporations, government entities, charitable and health care organizations, and individual private clients. With offices in New York, London, Charlotte, Washington and Beijing, we offer clients innovative solutions to legal and financial issues in a wide range of areas.

Treasury Department Guidance Issued on Modification of Securitized Commercial Mortgage Loans
September 18, 2009
On September 15, 2009, the Internal Revenue Service (the "IRS") issued the following three releases, each providing guidance on the ability of a servicer to modify securitized commercial mortgage loans.

The FDIC's Statement of Policy on Qualifications for Failed Bank Acquisitions
Julius L. Loeser, Steven David Lofchie, Maurine R. Bartlett, Bryan T. Shipp, September 1, 2009
The Board Of Directors of the Federal Deposit Insurance Corporation ("FDIC") has adopted its final Statement of Policy on Qualifications for Failed Bank Acquisitions (the "Acquisition Policy Statement") by a 4-1 vote. As adopted, the Acquisition Policy Statement applies to...

The Stockman Decision: An Expansion of Indemnification and Advancement Rights in Limited Partnerships
August 13, 2009
As the economic collapse spawns a wave of complex white collar prosecutions, and as the volume of documents in such cases grows exponentially, an executive's ability to defend himself or herself adequately requires substantial financial resources. In most cases, the right of officers and directors...