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Morgan, Lewis & Bockius LLP

77 WEST WACKER DRIVE, SIXTH FLOOR, CHICAGO, IL 60601, USA
Tel:
Work +1 312 324 1000
Fax:
Fax +1 312 324 1001
Web:
www.morganlewis.com

Michael Philipp

Tel:
Work 312 324 1905
Email:
Morgan, Lewis & Bockius LLP

Work Department

Investment Management

Position

Michael M. Philipp is a partner in Morgan Lewis's Investment Management and Securities Industry Practice. Mr. Philipp represents financial services clients in futures and securities transactions and in derivatives regulation, legislation, compliance, and enforcement matters. Mr. Philipp serves as counsel to domestic and foreign exchanges and clearing organizations, banks, investment managers, brokerage firms, and end-users in connection with exchange-traded and over-the-counter derivative instruments. He has represented foreign exchanges and clearing houses in their U.S. offerings of futures and equity options products and derivatives clearing activities. Mr. Philipp provides advice regarding a broad range of Dodd Frank and CFTC registration related issues, including swap clearing, registration of SEFs and SDRs, retail and ECP FX transactions, ISDA DF Protocol, swap reporting, and CPO and CTA registration. He also provides assistance to firms in negotiating bilateral and cleared swap documentation. For more information, view Mr. Philipp's biography at www.morganlewis.com/bios/mphilipp.

Career

Prior to joining Morgan Lewis, Mr. Philipp was a partner at an international law firm, resident in Chicago. He was also previously an in-house attorney for the Chicago Mercantile Exchange, where he served as counsel to the Exchange's regulatory trade practice, compliance, and arbitration committees.

Member

Listed, The Best Lawyers in America (2007–2012); Member, Federal Reserve Bank of Chicago's Working Group on Financial Markets; Board Member, The Ark; Former Member, Chicago Mercantile Exchange and Chicago Board of Trade Business Conduct and Probable Cause Committees; Program Chair, American Bar Association, Futures and Derivatives Law Committee Winter Meeting (2005); Former Chair, Chicago Bar Association, Futures and Derivatives Law Committee; Former Member, Executive Committee of the Futures Industry Association Law and Compliance Division

Education

DePaul University College of Law, 1992, J.D.; University of Chicago, 1981, B.A., With Honors


United States: Finance

Structured finance

Within: Structured finance

Morgan, Lewis & Bockius LLP is applauded for its ‘broad industry knowledge and good depth’, fielding nearly 20 US partners focusing on structured finance. The team handles a variety of traditional and esoteric assets, including auto loans and leases, mortgage-backed securities, student loans, patent and trademark royalties, and cell phone contracts. In the Washington DC office, John Arnholz acted as underwriter’s counsel to Synchrony Bank in a $750m public offering of ABS through SYNCT 2016-1, backed by private label and co-branded credit card receivables. Practice head Reed Auerbach was depositor and servicer counsel to Verizon Communications during the private placement of over $1bn of securities backed by a revolving pool of wireless device payment plan contracts. As issuer’s counsel, Washington DC-based Jeffrey Johnson advised CarVal Investors in its inaugural deal as an issuer of RMBS, Mill City Towd Point Mortgage Trust 2015-1, which made use of a REMIC structure, allowing for various interest rate configurations of the bonds. An example of the department’s regulatory aptitude, Chicago-based Michael Philipp helped Bitfinex settle a Commodity Future Trading Commission (CFTC) enforcement action, alleging that the bitcoin exchange platform had operated in a way that required CFTC registration. Philip Russell also made partner in 2016.

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