Cadwalader, Wickersham & Taft LLP

  • Established in 1792
  • Firm Size 451
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Debt & Claims Trading

Recent Brochure on Distressed Debt Trading and Loan Portfolio Transactions: Download an update on the work of our Debt & Claims Trading group, one of the largest international legal teams covering trading in distressed debt, including performing and non-performing loan portfolio transactions, secondary debt and claims trading.

Cadwalader's Debt and Claims Trading Practice provides in-depth knowledge and holistic advice to clients on all aspects of secondary trading, including tax, regulatory, insolvency and special situation analysis. Our lawyers advise clients from the outset of an investment - from the initial review of credit documentation, non-performing loan portfolios, trading analysis and execution, through to debt restructuring and navigation of the various insolvency regimes throughout Europe. We understand the need for the swift execution of trades and pride ourselves on providing the most responsive legal advice without compromising quality. Our lawyers' breadth of knowledge and experience in financial restructuring, tax, regulation and insolvency sets us apart from the competition, enabling us to provide the integrated, insightful legal analysis and market intelligence that clients need.

Transactions

Distressed Debt Trading and Par Loan Transactions: Advising institutional investors and funds on debt investments requires a broad understanding of the different tax, regulatory and insolvency regimes that apply to borrowers and investors in jurisdictions across the world. The team has more than 10 years' experience in the secondary markets and helped create the standard documentation that is relied upon by traders today.

Cadwalader has the largest team in Europe dedicated to secondary trading. We staff trades appropriately to reflect client needs and size of investment. We are experienced in advising on all aspects of secondary trading in multiple jurisdictions, from confidentiality agreements and standard par "vanilla" trades to complex distressed debt portfolio transactions and non-performing loan investments.

We provide a global platform from our offices in London, New York and Hong Kong, offering clients market insight into the evolving regulatory, business and legal issues affecting the secondary debt market.

Claims Trading: Our claims trading lawyers have a strong reputation for setting the standard for trading documentation at the onset of volatile distressed situations where timing is key. Claims instructions include the filing of claims and creation of market standard documentation for trading claims against Lehman entities, the Icelandic insolvent banks Glitnir, Kaupthing and LBI (formerly Landsbanki) and MF Global U.K., U.S., Australia and Singapore.

Working closely with local law firms and other professionals that are the best in the field, our lawyers provide seamless service and bespoke advice on new claims situations across multiple jurisdictions.

Experience

  • Acting for acquirers of German Schuldscheine including SolarWorld AG and Hellenic Republic
  • Acting for acquirers of debt in I.V.G. Immobilen AG
  • Acting for an acquirer of a controlling stake in Pfliederer GmbH debt
  • Acting for acquirers of debt and claims of Alteco and MAG Import
  • Acting for acquirers and sellers of Metrovacesa
  • Acting for acquirers of Pescanova S.A.
  • Acting for acquirers of Inmobiliario Colonial
  • Acting for a group of holders of Samos Servicios y Gestiones (SAMOS) debt
  • Acting for acquirers of Frans Bonhomme SAS
  • Acting for acquirers of Grupo Cortefiel
  • Acting for acquirers of Gecina SA
  • Acting for acquirers of McCarthy & Stone (Developments) Ltd
  • Acting for acquirers of New Look Ltd
  • Acting for acquirers of IBRC (in special liquidation) (formerly Anglo Irish Bank) bond claims
  • Acting for acquirers of Al Gosaibi claims
  • Acting for acquirers of Arcapita Bank B.S.C. debt/claims
  • Acting for acquirers of Icelandic claims including Glitnir hf., Kaupthing hf. and LBI hf. (formerly Landsbanki Íslands hf.)
  • Acting for brokers, buyers and sellers of MFGlobal UK Ltd, MF Global Holdings Ltd and MF Global Finance USA Inc.
  • Acting for brokers, buyers and sellers of Lehman Brothers claims (UK, US, Germany, Asia)
  • Acting on a large portfolio purchase of debt and claims from an Austrian bank
  • Acting on a large portfolio of shipping loans with borrowers located across Asia

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Diversity

 

We believe that our continued strength lies in ensuring that we attract, retain, and nurture the very best talent from all backgrounds, and we expect the future complexion of Cadwalader, Wickersham & Taft LLP will, with each passing year, more closely reflect the global community that we serve. 

Cadwalader has worked diligently to promote an inclusive work environment and, over the years, has developed many initiatives to fit our unique goals and challenges on issues of diversity and inclusion.  With the creation of the Cadwalader Center for Diversity & Inclusion (CCDI), a central resource for the firm’s diversity programs, initiatives and policies, we aim to improve upon our successes and follow through on our promise to weave diversity and inclusion principles into the fabric of our culture. 

The mission of the CCDI is to enhance gender, racial/ethnic, and LGBT diversity and inclusion within the firm to create an unrivalled environment that attracts, retains and promotes the best and brightest talent available to serve our clients. Governed by the Global Diversity Committee, chaired by Patrick T. Quinn, Managing Partner, the CCDI is a vehicle to support the work we currently perform, to reinforce our dedication to that work, to recognize outstanding effort and to communicate - to each other and to the clients we serve - our longstanding commitment to diversity and inclusion.

Recent Programs & Events

The Cadwalader Center for Diversity and Inclusion hosts programs and events throughout the year that are designed to increase cultural competence, celebrate history and heritage and educate attorneys on how to work effectively on diverse teams.

From Megan’s Law to Bernie Madoff: A Conversation with Judge Chin

- July 23, 2015

The Cadwalader Asian Pacific American Attorney Resource Group hosted a conversation with the Honorable Denny Chin, United States Circuit Judge for the Second Circuit.  During the interactive conversation, Judge Chin discussed his experiences as a federal judge and his path to the bench. Attendees had the opportunity to network and speak with Judge Chin during the cocktail reception that followed.

The Fight for Marriage Equality in the Supreme Court

- June 9, 2015

The Cadwalader LGBT Network and the Gay & Lesbian Advocates & Defenders (GLAD) hosted a Pride Month event, The Fight for Marriage Equality in the Supreme Court, featuring Mary Bonauto, GLAD’s Civil Rights Project Director and Janson Wu, GLAD’s Executive Director. During the presentation Mary discussed her experience arguing before the U.S. Supreme Court for marriage equality and Janson discussed the future of the LGBT rights movement.

Justice Denied: Wards Cove Packing Co. v. Atonio

- May 12, 2015

Members of the Asian American Bar Association of New York, including Cadwalader attorneys and the Honorable Denny Chin of the U.S. Court of Appeals for the Second Circuit presented a case reenactment of Wards Cove Packing Co. v. Atonio, a landmark employment discrimination case. The presentation told the story of the Wards Cove workers through narration, reenactment of court proceedings, and historic photographs. To view the performance, click here.

The Partner Track

- May 5, 2015

The Cadwalader Asian Pacific American Attorney Resource Group and the Women’s Leadership Initiative co-hosted a panel discussion with Cadwalader Partners, Ingrid Bagby, Kathy Chin and Athena Eastwood, focusing on their career experiences and paths to partnership. The panel was moderated by Helen Wan, author of The Partner Track, a fictional story about a young Asian-American corporate associate up for partner at her New York law firm.

“From Selma to Ferguson to Today: Why Civil Rights Matter,” featuring Professor Charles Ogletree, Harvard Law School

- April 29, 2015

The Cadwalader Black and Latino Association hosted a conversation with Charles Ogletree, Harvard Law School Jesse Climenko Professor of Law, and Founding and Executive Director of the Charles Hamilton Houston Institute for Race and Justice.  The conversation was followed by a cocktail reception where attorneys had the opportunity to network  and speak with Professor Ogletree.

The Art of Building Business Relationships and Executive Presence

- March 25, 2015

The Women’s Leadership Initiative and Diane Darling, Founder of the Darling Institute, hosted a workshop on building business relationships and executive presence.  This interactive presentation explored how professionals at all stages of their career can integrate networking and relationship-building into their everyday lives. 

WLI London Client Event: “Walking the Nile” by Levison Wood

– March 12, 2015

The Women’s Leadership Initiative hosted a special evening at our London office with Levison Wood, explorer, writer, and photographer. Formerly an officer in the British Parachute Regiment, Wood has led pioneering journeys into undiscovered regions, travelling to more than 80 countries. His nine-month walk along the length of the Nile, from source to sea, is chronicled in a recent Channel 4 documentary. During the presentation Wood described the amazing people, breathtaking places and shocking sights he encountered on his ground-breaking expedition.


 

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