Chambers Review
Provided by Chambers
Derivatives - USA
What the Team is Known For
Cleary Gottlieb Steen & Hamilton LLP boasts a deep bench with expertise across both transactional and regulatory derivatives matters. The derivatives practice is able to marshal experience tackling bankruptcy issues in relation to derivatives, including swaps, and has an excellent track record advising on the Dodd-Frank Act. The attorneys are recognized for their skill working on cross-border and international transactions and frequently draw on the expertise of colleagues based in locations across the globe.
Strengths
"Cleary's advice is always thoughtful, nuanced and demonstrates thorough understanding of the products, the commercial constraints and legal history."
"The Cleary team goes above and beyond to raise thoughtful questions."
"Cleary's legal excellence, coupled with its deep market experience, produces first class results."
Work Highlights
Cleary Gottlieb Steen & Hamilton LLP represented Zimmer Biomet in a forward sale transaction in which it exchanged its retained equity interest in ZimVie for the cancellation of indebtedness.
Notable practitioners
Seth Grosshandler has built a formidable reputation among peers and clients for his ability to advise on derivatives within a bankruptcy context. His sector expertise makes him a highly respected adviser to trade associations, clearing houses and financial institutions.
"Seth's knowledge is very deep."
Brandon Hammer has a growing reputation as a strong regulatory lawyer in the derivatives market. He comes especially recommended for his ability to assist with derivatives in the context of bankruptcy.
"He brings expertise on bankruptcy/commercial matters and readily picks up on any new area of law as issues arise."
"Brandon delivers smart, practical advice."
"He is an incredibly skilled partner."
Major corporations and financial institutions turn to Michael Dayan for advice on derivatives transactions, particularly on equity derivatives.
"Michael is the doyen of the New York derivatives market."
"He is creative, detail-oriented and thoughtful."
"Michael is extremely practical and partners very well to solve complex issues."
Deborah North's impressivecross-border practice encompasses both transactional and regulatory matters.
"Deborah has great experience and her regulatory advice is extremely helpful in complicated matters."
Clayton Simmons comes highly regarded for his expertise on derivatives regulations. Major financial institutions regularly call upon Clayton to advise on thorny regulatory and insolvency issues.
"Clay is extremely knowledgeable, responsive and pragmatic."
"Clay shows very strong expertise, sophistication and commercial sense."
"He demystifies complex derivative transactions."