Cadwalader, Wickersham & Taft LLP has strong senior bench of experienced municipal finance and municipal restructuring specialists. The firm operates on the creditor side and is further recognised for its expertise in municipal credit and securitization, along with distressed municipal credit risk. It has landed major roles in a series of significant municipal restructurings, including Jefferson County (Alabama), Detroit (Michigan), and Puerto Rico. It represented bond insurer Assured Guaranty in connection with the Commonwealth of Puerto Rico’s restructuring of approximately $73bn of bond debt. Lary Stromfeld is a hugely experienced practitioner with wide-ranging experience in derivatives, through to public finance and municipal restructurings. Ivan Loncar is another prominent figure in municipal finance, including distressed municipal finance. Ingrid Bagby and Casey Servais are also noted for municipal bankruptcies. All named individuals are based in New York.
Legal 500 Editorial commentary
- Profile
Key clients
- Assured Guaranty Corp and Assured Guaranty Municipal Corp
- Federal Reserve Bank of Boston
- Goldman Sachs
- MBIA
Work highlights
- Advised bond insurers Assured Guaranty Corp and Assured Guaranty Municipal Corp in connection with the Commonwealth of Puerto Rico’s restructuring of approximately $73bn of bond debt.
- Advised the Federal Reserve Bank of Boston in the development, documentation and implementation of the $600bn Main Street Lending Program, a key component of the Federal Reserve Board’s historic actions to provide up to $2.3tr in loans to support the US economy in response to the COVID-19 pandemic.
Lawyers
Hall of fame
The lawyers at the very top of the profession, widely known and respected by peers and clients for their longstanding involvement in market-leading work.
Leading partners
The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.
Ingrid Bagby
Ivan Loncar
Next generation partners
Junior partners with significant recognition from clients and peers in the market and key roles on multiple matters.
Casey Servais
Practice head
Ivan Loncar; Casey Servais
Other key lawyers
Lary Stromfeld; Ingrid Bagby