Comparative Guide
Competition Litigation
United States
Joseph Ostoyich, William Lavery, Danielle Morello & Dodi Allocca
Clifford Chance‘s derivatives team is praised for its ’commercial and economic aptitude’, which covers the full array of esoteric ad conventional derivatives transactions, which includes note issuance programs, consumer recievables, repurchase facilities, ABCP programs, and others. The team also leverages broad regulatory expertise in the OTC derivatives market, including ISDA protocols, EMIR, MiFID2, and related cross-border compliance. The team is headed by its New York-based partners, including Gareth Old, who is sought after by financial companies, investors, investment managers, funds, and other clients for his repo transactions and derivatives expertise. Lee Askenazi is well-regarded for his experience advising investment funds in derivatives, swaps, and other structured products, and co-heads the team with Darren Littlejohn, who is experienced in OTC derivatives pertaining to loan hedging, equity, credit, repacks and forwards. Alistair Dunlop remains well-regarded for cross-border structured debt deals.
Legal 500 Editorial commentary
Testimonials
Collated independently by Legal 500 research team.
‘The team has a unique depth and breadth of knowledge especially in the equity derivatives space where they have assisted on various structures. Their commercial and economic aptitude is a differentiating feature when working with them versus other law firms as demonstrating they are not only considering the legal but also the practical/technical nuances in their work.’
‘Dan Shurman and his team has been our key partner and contact, always ready and willing to help -- offering the aforementioned technical and practical awareness and consideration alongside an impressive legal and regulatory knowledge to provide an all-round great offering.’
‘This practice group has high competence, and availability, which is always important for any in-house counsel. Most importantly, the competence is top to bottom. Having the associates, who are the more constant points of contact, also know the practice area is important.’
‘As mentioned, all of the lawyers I work with are competent in the area, not just the partners. Also, they are always available and highly responsive.’
‘Strong track record in the derivatives space; competent and astute fee earners capable of drafting complex deals and providing concise tailored advice; pricing is competitive. Global coverage (in my case UK-US) and strong regulatory practice, which assists derivatives when required, makes my client experience seamless. ’
‘Quick to grasp the issues and provide their view on solutions, particularly US office. in-depth knowledge of the subject matter helps produce concise but well reasoned memos and opinions.’
Key clients
- Nuveen Alternative Advisors LLC
- KKR & Co. Inc.
- Cornerstone Financing LLC
- Citadel Servicing Corporation
- The Global Atlantic Financial Group LLC
- International Swaps and Derivatives Association
- (we were appointed as ISDA's Opinion Counsel in 2024)
- Merchants Bank of Indiana
- Nomura Securities International, Inc.
- Live Oak Fiber
- Ecofin Advisors
- Klabin
Work highlights
Advised New York Life Insurance Company and New York Life Insurance and Annuity Corporation as purchasers of US$450 million aggregate principal amount of notes secured by consumer solar, energy storage and energy efficiency home improvement loans.
Advised Lakeview Loan Servicing, LLC on the issuance to Bank of America, N.A. of US$500 million in Variable Funding Notes backed by a pool of servicing, corporate and delinquency advance receivables.
Advised International Association of Credit Portfolio Management ("IACPM") on responses to the proposed rules finalizing the implementation of the Basel 3.0 capital rules and on responses to the SEC's conflict of interest rules.
Practice head
Gareth Old
Lee Askenazi
Darren Littlejohn
Other key lawyers
Alistair Dunlop
Dan Shurman