Richard M. Schetman

Phone212 504 6906

Peer Rating
 5.0/5.0
AV® Preeminent

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Experience & Credentials Ratings & Reviews
 

Practice Areas

  • CLOs
  • Credit Card Securitization
  • Derivatives & Structured Products
  • Distressed Structured Products
  • OTC Derivatives
  • Receivables Finance
  • Securitization & Asset Based Finance
  • Structured Products
 
Contact InfoTelephone: 212 504 6906
Fax: 212 504 6666
http://www.cadwalader.com/professionals/richard-schetman
 
University Brown University, B.A., 1980
 
Law SchoolUniversity of Pennsylvania, J.D., cum laude, 1983
 
Admitted1984, New York
 
Biography

With more than 20 years of experience in derivatives and capital markets, Richard Schetman, Co-Chair of the Financial Services Group, focuses his practice on complex financial transactions involving a wide range of asset classes and derivatives.

More specifically, his practice includes (i) derivatives advisory work (primarily related to fixed income and credit derivatives, and index products); (ii) funded derivatives (involving CLNS, repackagings of assets with total return swaps or CDS, fundings involving mortgage-related market value swap agreements, and negative basis swaps); (iii) asset financing structures (repackagings of loans and repo financings); (iv) securitization structures (synthetic, hybrid, and cash CDOs; asset backed commercial paper; CLOs; and restructurings related to the foregoing as well as credit card, auto loan, music royalty, e.g., Bowie Bond, and trade receivable securitizations); and (v) hedge fund investments in ABS and structured products as well as hedge fund derivatives, insurance products, and equity derivatives. He also has extensive expertise in related ERISA, tax, bankruptcy, UCC, and U.S. securities law issues.

A frequent commentator on industry issues, Richard is recognized as a leading lawyer by Chambers USA and Chambers Global, Global Counsel 3000, IFLR 1000 and New York Super Lawyers. The Best Lawyers in America also selected him as a leading lawyer in Derivatives and Futures where clients noted that he has a deep knowledge of the structured products and derivatives practice and is invaluable in providing a real-world assessment of legal issues and risks, and providing practical advice.

A graduate of Brown University, where he earned his B.A., Richard received his J.D., cum laude, from the University of Pennsylvania School of Law, where he was a member of the Moot Court Board. He is admitted to practice in the State of New York and is a member of The Association of the Bar of the City of New York and the American Bar Association.

News Releases

• 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'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 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

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

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

• 2013 Edition of The Best Lawyers In America Recognizes 45 Cadwalader Attorneys in Multiple Areas of Practice Oct 06, 2012

• Cadwalader Named 'Law Firm of the Year' at 2012 Global Derivatives Awards Sep 19, 2012

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

• Cadwalader Nets Multiple Awards at IFLR Americas Awards Ceremony - Wins Big in Both Deal and Team Categories Apr 02, 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

• 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 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

• The Best Lawyers In America 2013 Oct 06, 2012

• Chambers and Partners USA 2012 Jun 07, 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

• EU Risk Retention Requirement: A workable solution for US CLO collateral managers? Jan 23, 2014

• Master Asset Vehicle II: Redemption Unwind Process Oct 28, 2013

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

• 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

• Some Concerns with the Regulation of Large Non-Bank Holding Companies Jun 03, 2010

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

• House Regulatory Reform Bill May Impose Further Burdens On Large Funds Feb 04, 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

• TALF for Legacy CMBS: New York Fed Releases Terms and Conditions and FAQs May 20, 2009

• Regulatory Reform of OTC Derivatives Markets May 15, 2009

• TALF for New-Issue CMBS: New York Fed Releases Terms and Conditions, FAQs and Revised TALF FAQs May 02, 2009

• Treasury, Federal Reserve, & FDIC Credit and Liquidity Programs Apr 23, 2009

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

• UPDATE: Understanding the Term Asset-Backed Securities Loan Facility (“TALF”) Mar 27, 2009

• Understanding the Term Asset-Backed Securities Loan Facility (“TALF”) Mar 04, 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

• Derivatives Are Not To Blame Jun 22, 2010

• Regulatory Reform of OTC Derivatives under the Obama Proposal Aug 03, 2009

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

Events

• SFIG ABS Vegas Jan 21, 2014

 
ISLN903987194
 


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Office Information

Richard M. Schetman


New YorkNY 10281-0006




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