Praxisgruppe

Derivate

Cleary Gottlieb hat immer wieder wichtige Beiträge zur Entwicklung der Märkte für Finanzderivate geleistet. Unsere Anwältinnen und Anwälte sind bekannt für die Entwicklung innovativer Techniken und Strategien, die Mandanten helfen, konkrete Ziele zu erreichen. Unsere Ideen haben maßgeblich dazu beigetragen, viele der heute marktgängigen Derivatprodukte zu entwerfen. Anfang der 80er Jahre waren wir an der Entwicklung von Zins- und Währungsswaps und in jüngerer Zeit an der Entwicklung aktien-, kreditrisiko- und rohstoffbezogener Produkte beteiligt. Durch die Entwicklung von Collateralized Mortgage Obligations (CMOs), Collateralized Bond Obligations (CBOs), Collateralized Fund Obligations (CFOs), Collateralized Loan Obligations (CLOs) und hybriden Instrumenten, die mehreren aufsichtsrechtlichen Systemen unterliegen, hat Cleary Gottlieb Branchentrends wesentlich mitbestimmt. Unsere Innovationen, zu denen auch die ersten öffentlich angebotenen Real Estate Mortgage Investment Conduits (REMICs) mit integrierten Zinsswaps und die ersten öffentlich angebotenen aktiengebundenen Hybridinstrumente gehören, haben die US-amerikanischen Kapitalmärkte nachhaltig verändert.

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Andere Stimmen über uns

#1 in Derivatives (United States)
The Best Lawyers in America (2010)

“Cleary’s global network and prominence in areas such as derivatives tax, insolvency and securities regulation help its derivatives and structured products practices remain at the cutting edge of market developments. The group has been especially active in advising major derivatives market participants, as well as leading banks and dealers, on Dodd-Frank Act reforms.”
Chambers USA (2011)

“Cleary’s excellence in securities regulation has seen it involved in most of the major developments to affect the market. This has included proposed tax legislation relating to derivatives, analysis of insolvency matters, the establishment of CDS clearing facilities and the launch of the Green Exchange to facilitate the trading of climate-related derivatives. … ‘We use the firm for complex, long-running matters because of its extensive legal and regulatory history.’”
Chambers USA (2010)

“For many commentators, Cleary is ‘the best derivatives shop, period — from equity to credit products, and from securitised to OTC derivatives into futures and commodities, it just has the best continuum of people.’”

“‘They know what goes on behind the scenes, and as products evolve so rapidly they have been great at giving us benchmarking.’”
Chambers Global (2009)

“‘The derivatives market is always producing new rules and products or modifying existing ones -- Cleary is the firm of choice because it is centrally implicated in these developments.’”

“‘Absolutely outstanding and ultra-sophisticated’ . . . among the first to offer an unbroken chain of advice across the world’s financial centres and is now regarded as the leading global capital markets practice.”
Chambers Global (2008)

“For many commentators, Cleary is ‘the best derivatives shop, period. From equity to credit products, from securitized to OTC derivatives into futures and commodities, they just have the best continuum of people’… The team is [also] particularly adept at CLO, CFO and synthetic CDO transactions.”
Chambers USA (2008)

Recently Published

The Volcker Rule Proposal: Challenges, Open Issues and Unintended Consequences
(Updated November 29, 2011)