Noted for its 'expertise in the tender option bond space,' the practice at Orrick, Herrington & Sutcliffe is a key port of call for transaction structuring, securities law advice and regulatory matters. The team is sought after by multinational banks, investment banks, private equity firms and digital infrastructure companies, and is well equipped to handle a broad range of derivatives and structured products work. Practice head Nikiforos Mathews maintains a diverse practice spanning bespoke transactions, including hedging and repo arrangements, as well as advising on swap‑regulatory matters and trading documentation. Al Sawyers focuses on complex tax structuring, real estate financings, synthetic risk transfers and credit risk transfer transactions, and is also adept at handling esoteric structures. Jonas Robison frequently assists on matters involving foreign exchange, equity option and cleared derivative agreements, alongside regulatory and trading‑related issues. All lawyers mentioned are based in New York.
Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • ‘Orrick's expertise in the tender option bond space is unmatched. They are the gold standard for most of the industry.’

  • ‘Al Sawyers is the go-to partner for his expertise with tender option bond transactions. He is accessible and very responsive to clients.’

  • ‘Provide pragmatic focused advice on structured commodity transactions. Perfectly tailored to our needs.'

  • ‘Nikiforos Mathews is very good at what he does and evokes confidence.'

Key clients

  • Microsoft
  • Citibank, N.A. and Citigroup Global Markets, Inc. (collectively “Citigroup”)

Work highlights

Represents giants like Goldman Sachs, Morgan Stanley, and Microsoft in complex transactions across the fixed income and energy sectors, including renewable energy.
Regularly representing Microsoft in negotiations of swap, foreign exchange, equity option, and cleared derivatives agreements and advising on swap regulatory matters. Over the past year, work has included structuring and negotiating hedging transaction agreements with numerous banks and other deals on behalf of Microsoft trading entities, primarily intended to enter into FX transactions.
Advised Citibank, N.A. and Citigroup Global Markets, Inc. in several structured products offerings since 2021. The transactions involve complex tax structuring, multiple classes of interests and real estate analysis.
Practice head

Nikiforos Mathews

Other key lawyers

Al Sawyers; Jonas Robison