Kramer Levin Highlighted as One of Few Am Law 100 Firms Involved in Recent Surge of High-Level Insurance M&A Deals
2014 Benchmark Litigation Names Kramer Levin to the Top Tier of New York Litigation Firms
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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.