The use of sophisticated financial instruments is an effective tool for companies to help manage risk and optimize operations. Successfully utilizing structured financial products requires a deft understanding of the market – both the products available and how the use of structured financial products can protect or enhance a client’s business.
McDermott has deep experience in the design, trading and use of structured products, derivative financial products and synthetic derivatives. We provide clients a skilled team of lawyers with a stellar reputation and demonstrated success in structured finance. The group is led by lawyers known in the industry as “go to” for structured finance legal needs. In fact, they are recognized for their work by leading directories including Chambers USA and Legal 500.
The team provides a unique blend of transactional, tax, and regulatory knowledge to advise on the impact a structured financial product can have on business operations. Our skilled lawyers provide clients – including banks, private investment companies, municipalities, corporations, dealers and counterparties – the full range of legal services involving the transactional, tax, regulatory, documentation and compliance aspects of a successful structured financial product. In particular, we are skilled at advising clients on the tax treatment of securitizations and structured finance transactions.
We understand and have experience with all types of transactions – securitizations, physical commodities, commodity futures, and commodity derivatives, standardized exchange-traded instruments, evolving over-the-counter products, and derivative products covering credit, equity, fund-linked, interest rate, currency, and weather products. We have particularly deep experience in and are an acknowledged leader in municipal derivatives, having done derivative transactions to finance all types of infrastructure including airports, stadia, arenas, toll roads, hospitals, and more. Our work in this area includes all transactional, tax and regulatory aspects of derivatives.
What sets us apart from the competition is our regulatory depth advising clients on the compliance aspects of structured products. With broad experience in the structure, taxation and regulation of the financial markets, we design and advise clients on structured products and derivatives to assure compliance with corporate governance, legal regulatory, and tax requirements, particularly Dodd-Frank implementation and compliance. Our multi-disciplinary approach ensures we efficiently and effectively help our clients meet their financing and risk transfer needs.
The team "has complementary strengths in structured products and taxation, which it leverages in municipal bond offerings, derivatives-based investment products and exotic derivative agreements."
"…[R]egularly advises major investment banks on the tax aspects of derivative transactions and stands out for its strength in municipal derivatives."
A family of financial services companies on setting up and operating its weather derivatives and weather insurance platforms. We designed and negotiated the structural derivatives and advised on tax, regulatory, and legal matters
A major trading company with the analysis of more than 300 different products and agreements for Dodd-Frank regulatory compliance for a major trading company
A global financial institution with a ground-breaking securitization involving the issuance of Solar Asset Backed Notes, backed by the monthly solar power (PV) systems lease and power purchase agreement payments by thousands of residential customers
A global financial institution with a $1 billion cross-border structured secured lending transaction with another financial institution showcasing McDermott’s abilities to handle all aspects of complex structured finance matters