Developments in Derivatives and Synthetic Securitization Following the US Bankruptcy Reforms of 2005
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New York, NY (PRWEB) October 17, 2006
Ellen H. Clark, a prominent corporate attorney who practices in the New York office of leading law firm DLA Piper US LLP, has published a chapter entitled “Developments in Derivatives and Synthetic Securitization Following the US Bankruptcy Reforms of 2005” for Kluwer Law International’s Innovation in Securitisation, Yearbook 2006. Her contribution focuses on the treatment of derivatives in the event of a counterparty’s bankruptcy or insolvency under new Title IX of the US Bankruptcy Abuse Prevention and Consumer Protection Act of 2005.
In her publication, Ms. Clark tracks the impact of Title IX of the new Bankruptcy Reform Act on financial markets and derivative products , in particular, and further discusses:
- the historical beginnings of US bankruptcy law reform to accommodate the growing swap and derivatives industry;
- the fears of systematic market failure that led to the implementation of Title IX;
- how Title IX affects payment obligations for derivative products upon the insolvency of a counterparty; and
- practical areas in structured finance and securitization involving derivatives that benefit from Title IX.
Ellen Clark practices law at DLA Piper US LLP and focuses specifically on derivative products, structured finance, securitization, and international capital markets. She has extensive experience with asset-backed securitizations, swaps and commercial paper. Ms. Clark worked on some of the industry’s first cash-based collateralized debt obligations and her expertise covers both cash and synthetic securitizations, including structures involving credit default swaps, total return swaps, and other credit risk transfer arrangements. For further information concerning Ellen Clark’s law practice, please click on http://www.dlapiper.com/ellen_clark/.
Please click here to view her chapter “Developments in Derivatives and Synthetic Securitization Following the US Bankruptcy Reforms of 2005.
About DLA Piper (http://www.dlapiper.com)
DLA Piper has 3,100 lawyers and 59 offices in 22 countries throughout the U.S., U.K., Continental Europe, Middle East and Asia. It has leading practices in commercial, corporate and finance law, labor law, litigation, real estate, regulatory, legislative and government affairs, and technology, media and communications law.
Ellen H. Clark, Esq., DLA Piper, 212.335.4505
Adam Isserlis, Media Contact, Rubenstein Associates, 212.843.8024
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