Attorneys at Golub & Golub have had extensive experience representing the firm’s clients in connection with the derivatives market and in particular, those aspects that relate to the firm's extensive syndicated loan, leveraged loan and distressed debt trading practices. We regularly assist clients in all phases of United States, European and cross-border transactions involving traditional credit default swaps, loan credit default swaps, total return swaps, interest rate swaps, currency swaps, risk participations and other products that relate to our client’s debt trading activities. We have extensive knowledge of the rules, practices and forms promulgated by the International Swaps and Derivatives Association, Inc. (ISDA) and frequently represent hedge fund clients in connection with the negotiation, documentation and implementation of ISDA master agreements, collateral support documentation and related documentation with banks, broker-dealers and other counterparties.
Golub & Golub's derivative practice frequently intersects with and is an integral part of the firm’s loan trading practice. In addition to our knowledge of derivatives, generally, and the ISDA rules and procedures, as a result of our deep knowledge of and experience with the Loan Syndications and Trading Association, Inc. (LSTA), and Loan Market Association (LMA) rules, practices and forms, are readily able to guide our clients through all phases of complex transactions in which their derivative market activities intersect with their loan trading transactions involving the LSTA and LMA systems.
As a part of Golub & Golub's extensive claim trading practice, we have been involved in numerous transactions involving many types of "crystallized" swap claims, and other derivative based claims, that have arisen from a variety of derivative products, including loan and credit default swaps, interest rate swaps, forward contracts and futures contracts. As a consequence, in conjunction with attorneys practicing in Golub & Golub’s bankruptcy practice, we have been involved in some of the largest and most complex bankruptcy cases, including the Chapter 11 cases of MF Global, Inc., Enron Corporation, and Lehman Brothers Holding Inc., in which complex derivative based claims were heavily traded.