Stroock & Stroock & Lavan LLP, a national law firm with offices in New York, Los Angeles and Miami, has expanded its capital markets crisis group to address the wider range of challenges arising from the expanding credit crisis in the housing and capital markets.
‘As the capital markets crisis continues to evolve and affect more market participants, Stroock has moved to provide our clients with the advice they need to address these challenges and opportunities,’ explains Stroock capital markets crisis group co-team leader and structured-finance practice group partner Rick Fried. ‘The credit crisis may have started with the subprime mortgage market, but now affects almost every sector of the housing and capital markets.’
Areas of focus include restructuring of insurance companies, mutual funds and banks; negotiation/preparation of derivatives documentation, and analyzing complex derivative instruments; implementing tax-effective methods for allowing foreign investors to acquire distressed debt; alternative methods of financing for required insurance company reserves; and acquisition, sale, restructuring and enforcement of commercial real estate debt.
