Employment Law Alert: New York Wage Theft Prevention Act -- Annual Notice Requirement Rescinded
Environmental Alert: Governor Cuomo Vetoes Bill That Would Have Extended Eligibility for the New York State Brownfield Cleanup Program and Tax Credits
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Kramer Levin recently created a Financial Institutions practice group consisting of experienced attorneys of the firm's banking, capital markets, claims trading, corporate, corporate restructuring and bankruptcy, derivatives, financial services, insurance, litigation and tax groups. The practice group provides services to a wide variety of financial institutions and market participants and has been actively involved in helping them address legal issues in connection with the current credit crisis and distress in global financial markets.
The alert describes issues to consider when a derivatives dealer counterparty becomes insolvent, such as issues involving termination of a master agreement, close-out netting of underlying trades and collateral.