Cadwalader, Wickersham & Taft LLP

We are thrilled to welcome Douglas Mintz back to Cadwalader as a partner on the financial restructuring team. Doug has been consistently recognized as a leading restructuring lawyer by The Legal 500 US, Lawdragon and Chambers and Partners USA. His practice focuses on the representation of creditors in financial restructurings and special situations. His significant experience in these areas and commitment to legal excellence, innovation and client service will strengthen our capacity to meet growing demand. Learn more here: https://bit.ly/3XFV2Mt

We are thrilled to announce the list of speakers for Thursday’s Capital Call Securitization Conference. The Cadwalader team will be joined by other industry leaders and experts to dive deep into the various traditional securitization structures, explore CRTs, CFOs, and other non-cash securitization structures. The conference will include the following panels and speakers: Opening Remarks - Stuart Goldstein, Co-Chair of Capital Markets and Wesley Misson, Head of Fund Finance and Co-Chair of Finance Defining The Deal: Capital Call Securitization Structures – fund finance partner Leah Edelboim (moderator) | Bob Bengtson of Goldman Sachs | securitization partner Joseph Beach | fund finance partner Trent Lindsay | securitization partner Nathan Spanheimer CRTs & CFOs: Synthetic and Other Non-Cash Securitizations – fund finance partner Angie Batterson (moderator) | Terry Lanson, Managing Director at Seer Capital Management | securitization partner Gregg Jubin | CRT/SRT partner Jed Miller Capital Call Securitization Market Roundtable Discussion - fund finance partner Tim Hicks (moderator) | Missy Dolski, Senior Managing Director and Global head of Capital Markets at Värde Partners | Vicky Du, Managing Director and Global Head of Fund Finance at Standard Chartered | Joyce Fargas, Senior Director at Fitch Ratings | Slade Spalding Partner at NLC | David Wasserman, Managing Director – Head of Middle Market Lending and Capital Call Subscription Finance at Morgan Stanley Learn more and register here: https://bit.ly/4j1cCD9

In the March edition of #Quorum: - William Mills and Erin Ward detail new legislation signed into law by the Delaware governor which amends corporate governance in the state. - Dan Meade and Bilal Sayyed explain the FDIC’s request for public comment on its proposal to rescind its 2024 Statement of Policy on Bank Merger Transactions. - Marina Frattaroli and Peter Bariso III summarize the recent updates to the SEC’s Compliance and Disclosure Interpretations regarding lock-up agreements and tender offers.  - Irina Gonikberg Dolinskiy and Olivia Maraj discuss the SEC’s announcement that it will be expanding the accommodations available for issuers that submit draft registration statements for nonpublic review. - Adam Magid and Douglas Mo recap a recent Second Circuit decision which allowed a putative investor class to proceed with securities fraud claims under Section 10(b) based on their acceptance of an allegedly undervalued tender price in a freeze-out merger. - Jared Stanisci, Douglas Mo and Philip Ibarra write about a Delaware Court of Chancery post-trial opinion which broadened the types of sources a stockholder may rely on to establish a proper purpose in connection with a books and records request under Delaware General Corporation Law Section 220. Read the newsletter here: https://bit.ly/3FZChxs

Cadwalader was named “CLO Law Firm of the Year” at the 2025 GlobalCapital European Securitization Awards last week in London. The firm also won “CLO Deal of the Year” for its innovative work representing BNP Paribas as the arranger in the execution of the first European middle-market private credit CLO for Barings. Congratulations to the Cadwalader London CLO team. David Quirolo, Nick Shiren, Daniel Tobias, Claire Puddicombe, Jinisha Patel, Abram Olchyk, Kerry Shearer, Lara Lindeque and Kristine Jensen attended the awards ceremony. Cadwalader was additionally shortlisted for the US version of the Securitization Awards in the “CLO Law Firm of the Year” and “CLO Deal of the Year” categories. The winner of these awards will be announced in May. These awards are based directly on market feedback about the most important and impactful transactions of the year – having both our US and UK teams recognized further confirms Cadwalader’s status as a transatlantic powerhouse in the CLO space. Learn more here: https://bit.ly/3FJKcz3

In this week’s #FundFinanceFriday: - Joe Zeidner provides a refresher on alternative currency rates. - The agenda for the Capital Call Securitization Conference (April 3rd in our New York office) is live. - We highlight fund finance-related content from Dawson Partners and Fund Fanatics. - A recap of Cadwalader and Hunter Point Capital LP’s NAV Lending Summit Series in Tokyo and Seoul. - Cadwalader’s UK Fund Finance Team is recognized at The Drawdown Awards in the “Fund Finance Adviser” category. - Elise Lindenmayer joins the firm as an associate in the Fund Finance Group. Read the full newsletter below.

Cadwalader counsel Bilal Sayyed will be speaking at the American Bar Association’s 2025 Antitrust Spring Meeting on Friday, April 4. Bilal will participate in the “Dealmaking in an Age of Antitrust Deterrence” panel.  Bilal, along with Gerald Stein (moderator), Nadir Shaikh, Christie Stahlke and Elizabeth Wang, will discuss how M&A activity will be affected by President Trump’s economic policies, the FTC and DOJ decision to maintain the Biden Administration’s 2023 Merger Guidelines, and changes at the FTC and DOJ. Learn more here: https://bit.ly/42lziYU

In this month’s edition of Real Estate Finance News and Views: - Steven M. Herman and Calla Abrunzo discuss a recent court decision which concluded that a federal court cannot prevent a state court foreclosure pursuant to the abstention doctrine set out in Younger v. Harris. - Dean Berry, Christian Nils Larson and Keyes Gilmer explain the latest developments happening with the Corporate Transparency Act. - Matthew Peters joins Cadwalader’s Real Estate team. - Steven M. Herman is recognized with a  2025 Readers’ Choice Award as selected by JD Supra.   Read the full newsletter here: https://bit.ly/4255TRH

The Cadwalader Capital Call Securitization Conference is one week away. Join us in our New York office on Thursday, April 3rd for an afternoon of insightful discussions from leading market experts on the latest market trends and opportunities in the capital call securitization space. The conference will include the following panels: - “Defining The Deal: Capital Call Securitization Structures” moderated by fund finance partner Leah Edelboim - “CRTs & CFOs: Synthetic and Other Non-Cash Securitizations” moderated by fund finance partner Angie Batterson - “Capital Call Securitization Market Roundtable Discussion” moderated by fund finance partner Tim Hicks The conference will be followed by a cocktail reception sponsored by Fitch Ratings. See below for the schedule of events and register here: https://bit.ly/4j1cCD9

Cadwalader’s Intellectual Property group was proud to sponsor the New York Intellectual Property Law Association (NYIPLA) 103rd Annual Dinner in Honor of the Federal Judiciary this week, a time-honored tradition in the #IP space for lawyers, law deans, professors, and federal judges to connect. We enjoyed the chance to connect with our clients and friends in the IP bar!

Cadwalader’s Ken Breen, Phara Guberman and Taylor Gordon Pengelly authored a Clients & Friends memo which discusses the Supreme Court’s unanimous decision in Thompson v. U.S., which heightened the burden of proof for “false” statements under 18 U.S.C. § 1014, excluding “misleading” but true statements from liability under the statute. In this alert, the authors provide analysis of the Supreme Court ruling and key takeaways of its likely impact. Read the memo here: https://bit.ly/3FK9Mnt