Cadwalader, Wickersham & Taft LLP has strong senior bench of experienced municipal finance and municipal restructuring specialists. The firm operates on the creditor side and is further recognised for its expertise in municipal credit and securitization, along with distressed municipal credit risk. It has landed major roles in a series of significant municipal restructurings, including Jefferson County (Alabama), Detroit (Michigan), and Puerto Rico. It represented bond insurer Assured Guaranty in connection with the Commonwealth of Puerto Rico’s restructuring of approximately $73bn of bond debt. Lary Stromfeld is a hugely experienced practitioner with wide-ranging experience in derivatives, through to public finance and municipal restructurings. Ivan Loncar is another prominent figure in municipal finance, including distressed municipal finance. Casey Servais is also noted for municipal bankruptcies. All named individuals are based in New York. Ingrid Bagby departed the team in June 2025.
L'éditorial du Legal 500
Clients clés
- Assured Guaranty Corp and Assured Guaranty Municipal Corp
- Federal Reserve Bank of Boston
- Goldman Sachs
- MBIA
Points forts
Advised bond insurers Assured Guaranty Corp and Assured Guaranty Municipal Corp in connection with the Commonwealth of Puerto Rico’s restructuring of approximately $73bn of bond debt.
Advised the Federal Reserve Bank of Boston in the development, documentation and implementation of the $600bn Main Street Lending Program, a key component of the Federal Reserve Board’s historic actions to provide up to $2.3tr in loans to support the US economy in response to the COVID-19 pandemic.
Responsable de la pratique
Ivan Loncar; Casey Servais
Autres avocats clés
Lary Stromfeld