OUR SEASONED LAWYERS HAVE SEEN THE WORLD OF SECURITIZATION AND DERIVATIVES PRACTICE FROM INCEPTION TO TODAY.
Overview
Dorsey lawyers have been involved in securitization from its inception, and we’ve seen it all –good ideas, bad ideas, positive impacts and negative impacts. We’ve represented all categories of participants – issuers, borrowers, trustees, warehouse lenders, investors, credit enhancers and underwriters. We handled a number of “first of its kind” securitizations, including the first net interest margin securitization, the first Section 150(d)(3) student loan securitization, the first securitization of commodities, one of the first securitizations of tax-exempt leases and the first securitization of destroyed notes.
Read more about our services:
Trustees
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We regularly represent a number of banks and trust companies when they act as trustee or in other fiduciary capacities. We understand the trustee’s role and the different issues presented by different asset classes.
Issuers
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Dorsey has represented a bank in its auto loan securitization program as well as prolific securitizers Conseco Finance (f/k/a Green Tree Financial)(manufactured housing loans, home improvement loans, RV loans, floorplan loans, and more), Arcadia Financial (auto loans), and Metris (credit card receivables) on their securitization programs.
Securitization-Related Financings
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We represent clients in financings that use securitization techniques, including warehouse arrangements, trade receivables financings, and loan participation sales.
Swaps and Derivatives
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We help clients understand and negotiate swaps and derivatives employed in connection with securitizations and similar financings.
Bankruptcy Legal Opinions
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We act as special counsel to clients involved in complex financings that require “true sale” or “non-consolidation” legal opinions to satisfy the requirements of lenders, investors, rating agencies or accountants.
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