Derivatives

Cleary Gottlieb’s influence in the financial derivatives markets is felt throughout the world. Our derivatives lawyers are recognized for their unique strengths in devising innovative techniques and strategies to accomplish our clients’ objectives. Our ideas helped define many of the derivative products in the market today. We helped develop interest rate and currency swaps in the early 1980’s and, more recently, a variety of equity, credit and commodity-linked products. Cleary Gottlieb has determined the direction of industry trends with CBOs, CFOs, CLOs, CMOs, and hybrid instruments subject to multiple regulatory schemes. Our marks of innovation, such as in the first publicly offered REMICs with embedded interest rate swaps and the first publicly offered equity-linked hybrid instruments, have continually changed the U.S. capital markets landscape.


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What Others Say About Our Practice
“‘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.’”
Chambers Global (2008)
“‘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)

“‘A definite leader and a model for other players,’” the firm's derivatives practice is ‘simply fantastic’...”
Chambers USA (2007)
“The well-rounded team is equally skilled in advising on equity, credit or commodities-linked products and provides expertise on the most complex derivatives-related transactions…”
Chambers Global: USA (2007)
“‘The group has the resources to help across the board’ and can handle complex tax and derivatives attached to bankruptcy issues.”
Chambers USA (2007)