The practice at Latham & Watkins focuses on equity derivatives and is recognised for its capabilities across regulatory, enforcement and litigation matters. The team advises on the full spectrum of over‑the‑counter derivatives and exchange‑traded products and is particularly active in the cryptocurrency, financial services, pharmaceutical, and oil and gas sectors. The New York‑based group is led by Rafal Gawlowski, Yvette Valdez, Douglas Yatter and Courtenay Myers Lima. Gawlowski is experienced in revolving credit facilities, margin loan matters and share repurchase transactions. Valdez has notable expertise in the crypto‑derivatives markets and advises on hedging mandates and financings. Yatter specialises in derivatives enforcement and litigation matters, frequently representing cryptocurrency exchanges. Myers Lima advises on structured products, capital markets matters and bank and broker‑dealer regulatory issues. Witold Balaban is noted for his work on cross‑border transactions, including convertible debt and hedging arrangements and capped‑call transactions. Catherine Lee focuses on equity‑linked capital markets transactions and is sought after for her experience with share repurchase and capped‑call transactions. Reza Mojtabaee-Zamani advises on debt and hedging arrangements and IPO margin loans, while Eric Rice handles capital markets and monetization transactions. Other key contacts include counsel Polina Tulupova, active in convertible debt and capped‑call transactions, and counsel Melissa Ferraro, who joined the team from Linklaters LLP in September 2025.
Legal 500 Editorial commentary

Accolades

Client satisfaction: Sector knowledge
Client satisfaction: NPS ®

Testimonials

Collated independently by Legal 500 research team.

  • Will Reckler and Yvette Valdez warrant a special mention as they are consistent and provide thoughtful feedback. They both take the time to understand our business and readily recall background from prior conversations - truly unique and appreciated.
  • The LW team made considerable efforts to understand our business and the context within which our legal questions were posed. The collaboration was effective as there was mutual trust and the free sharing of information.

Key clients

  • Changpeng Zhao
  • Apollo Global Management
  • Goldman Sachs International & JPMorgan Chase Bank, N.A.
  • Robinhood Markets
  • Bank of America
  • Citigroup, JP. Morgan, Morgan Stanley, Barclays, HSBC
  • J.P. Morgan and Goldman Sachs
  • Rhythm Pharmaceuticals
  • Aquabounty Inc.
  • Caerus Oil and Gas
  • Marex Group plc
  • H20 Midstream

Work highlights

Represented Changpeng Zhao, founder and former CEO of Binance, in connection with a complex resolution of multiple agency investigations, one of the highest-profile enforcement matters in recent years.
Advised the initial purchasers on Alibaba’s offering of US$5 billion aggregate principal amount of convertible senior notes due 2031.
Provided advice and documentation to Coöperatieve Rabobank U.A., Utrecht Branch and New York Branch, in related to its Medium-Term Notes Program totalling $30 billion.

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.

Practice head

Rafal Gawlowski; Yvette Valdez; Doug Yatter; Courtenay Myers Lima

Other key lawyers

Witold Balaban; Catherine Lee; Reza Mojtabaee-Zamani; Eric Rice; Polina Tulupova; Melissa Ferraro; Will Reckler