Michael A. Hanin and Uri A. Itkin Quoted in Asset-Backed Alert: “Libor Talks Keep Trustees at Bay”

Michael A. Hanin and Uri A. Itkin Quoted in Asset-Backed Alert: “Libor Talks Keep Trustees at Bay”

Kasowitz Benson Torres partners Michael A. Hanin and Uri A. Itkin are quoted in Asset-Backed Alert’s article “Libor Talks Keep Trustees at Bay” concerning how trustees may seek guidance from the courts on the appropriate process for choosing replacement benchmark rates for asset-backed securities in advance of the cessation of Libor as a benchmark rate. The transition away from Libor potentially affects hundreds of structured product deals and may cause a wave of litigation if the issue of a benchmark replacement is not resolved in a way that is acceptable for all investors.

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Michael A. Hanin represents hedge funds and private equity firms in litigation and disputes relating to their investments, particularly with respect to complex financial products, securitizations, financing, securities, real estate and accounting. He has been named a 2020 MVP of the Year for Structured Finance by Law360 and recognized as a leading litigator by Chambers, Legal 500 and Benchmark Litigation.  He has also been recognized by Lawdragon on its 2020 500 Leading Plaintiff Financial Lawyers in America list.

Uri A. Itkin represents hedge funds and private equity firms in litigation and disputes relating to their investments, including in asset-backed securities, structured products, and real estate.  He has been named a Rising Star in Asset Management by Law360 and a Next Generation Lawyer in securities by Legal 500.  He has been recognized by Benchmark Litigation on its 40 and Under Hot List and Lawdragon on its 2020 500 Leading Plaintiff Financial Lawyers in America list, and named a Rising Star by Legal Media Group: Expert Guides.

Law360 named the Kasowitz structured finance team a 2020 Practice Group of the Year for Structured Finance.