K&L Gates’ Securitization and Structured Finance practice includes lawyers in offices throughout the United States, Europe, Asia, Australia, and the Middle East who represent sponsors, underwriters/arrangers, servicers, special servicers, collateral managers, investors, and trustees in a wide range of structured finance and credit risk transfer transactions.
We have significant experience in many transaction types including CLOs, structured credit products, ABCP conduits, repo-backed note financings, and medium-term note programs. We have broad experience across many asset classes, including automobile loans and leases, aircraft leases, residential and commercial mortgages, Shari’ah compliant instruments, and leveraged commercial loans. We work on registered offerings, Rule 144A and Regulation S offerings, and private placements. Our practice is global in nature and features close integration among partners in several jurisdictions who also provide dedicated and highly experienced tax, ERISA, bankruptcy, bank regulatory, and derivatives support.
Derivatives are an important feature of our Securitization and Structured finance practice. We routinely work with swaps and other derivatives used as hedges for assets or transactions. We have experience with synthetic risk transfers using total return swaps and credit default swaps. We also understand the documentation, insolvency issues, and regulatory considerations in swap transactions in relation to securitization and structured finance transactions.
We actively advise clients on swap regulatory developments under the Dodd-Frank Act and OTC derivatives regulation under EMIR. We also advise on key regulatory developments such as the impact of commodity pool operator /commodity trading advisor rules, matters such as the Volcker rule, and emerging credit risk retention requirements for securitization and structured finance in the United States, Europe and Australia.
We work closely with lawyers in other parts of our Debt Capital Markets practice group, as well as with lawyers in other practices, including Consumer Financial Services, Derivatives & Structured Products, Islamic Finance, Real Estate Finance, Restructuring & Insolvency, Transportation Finance, Project Finance, and Financial Services Litigation, depending on the nature of the matter and the underlying assets. In addition, as part of the largest fully integrated network of law offices and law partners of any global law firm, we draw regularly upon the comprehensive resources of the firm to address the full scope of related regulatory, legal, and other issues that arise in complex securitization and structured finance transactions across industries and jurisdictions.