Distressed Debt and Claims Trading

We have extensive experience advising broker-dealers, hedge funds, investment banks, CLOs and private equity funds on a wide range of U.S., European and emerging markets debt and claims trading matters. We advise clients in structuring, preparing and negotiating deal-specific transaction documentation including: “big boy” letters, trade confirmations, distressed and par loan purchase and sale agreements, claim assignment agreements, debt and claim participation and sub-participation agreements, collateral annexes, netting letters, proceeds letters, confidentiality agreements, purchase agreements for the sale of private debt securities, and bid documentation in connection with debt auctions. We often play a central role in transactions with a trading component while working closely with the firm’s other practice groups, including the distressed investing, business transactions, finance, investment management, business reorganization, structured products, litigation and tax groups.