Our practice is a global practice and we are one of the only firms with a leading derivatives practice in London, New York and continental Europe (in particular, Germany), as well as a strong derivatives presence in Hong Kong.
Our team was recognized as the Global Law Firm of the Year (Overall) at the 2019 GlobalCapital Derivatives Awards. We were also named the 2019 and 2018 Americas Law Firm of the Year (Overall) at the GlobalCapital Americas Awards. The practice has previously won in the European Law Firm of the Year categories and the US Law Firm of the Year categories for both our transactional and regulatory work. Our team has also been commended in the "Complexity and Scale" category of the Financial Times' Innovative Lawyers Report: Europe in 2018 and the "Legal Expertise: Managing Complexity & Scale (International)" category in the Financial Times' Asia-Pacific Innovative Lawyers 2017 Report.
Chambers UK says that the practice "has its finger on the pulse with ISDA and transatlantic regulatory work" and provides "military-style turnaround, good value and a deep bench." The Legal 500 UK says that the practice "has not only significant scale and genuine cross-discipline expertise, but also a mindset that builds relationships and a commitment to giving high-quality advice" and that "fast responses and excellent value give clients great confidence in Mayer Brown." The Legal 500 US says that the practice has "played a significant role in assisting banks and trade organizations with adjusting to new US regulatory requirements" and that "the team also acts for major industry associations and has provided opinions on novel points of regulatory interpretation."
We are market leaders in using derivatives as components of, or in connection with, highly structured financings, such as with deal contingent swaps involving F/X or commodities, issuer-based equity derivatives and structured share repurchase programs, and the use of structured derivatives transactions to support or supplement financing for funds and other investors.
We continue to help our clients adapt to changes in the United States derivatives market brought about by the Dodd-Frank Act and in the European derivatives market by EMIR, MiFid and CRR/CRD IV; in particular, the quest by financial institutions to achieve greater levels of capital efficiency, and a return to product development in a post-reform environment. We also assist clients in the United States, Europe and Asia in navigating their obligations under the US Commodity Exchange Act, as amended by the Dodd-Frank Act, and US federal securities laws; formulating compliance programs and working with clients to implement those programs; and representing clients in discussions with the CFTC, SEC and self-regulatory organizations (“SROs”) with respect to novel issues.
The group frequently represents ISDA and other industry groups, both on major initiatives by ISDA in response to the Dodd-Frank Act, as well as post-reform matters; and has formidable experience in advising on Brexit-related derivatives matters.
Uncleared margin experience
Mayer Brown is one of a handful of law firms advising financial institutions on the implementation of the global uncleared and initial margin reforms. To read more, visit our dedicated Initial Margin capabilities page.
Enforcement and investigations capabilities
We represent firms—including major financial institutions and proprietary trading firms, as well as traders and brokers—subject to investigations and enforcement actions by the government and SROs with respect to matters involving disruptive trading practices, wash trades, manipulation, unauthorized trading, block trades, non-competitive trading, supervisory failures and fraud, among other issues. The firm also works with clients to create training programs and conducts on-site training sessions to assist clients in reducing the risk of enforcement actions.
Tax-related derivatives advice
New developments relating to the taxation of derivatives continue to emerge. The Tax Cuts and Jobs Act, signed into law as 2017 was coming to a close, included the Base Erosion Alternative Minimum Tax (“BEAT”). These developments have a significant impact on derivative transactions, and our tax lawyers advise many financial institutions in connection with these developments and their impact.
Mayer Brown has a broad-based structured products practice, including registered and exempt products, with a range of reference assets. To read more, visit our dedicated Structured Products capabilities page.
Bonds & Loans Awards
International Bond Deal of the Year, 2017
Financial Institutions Financing Deal of the Year, 2017
Mayer Brown represented Turkiye Vakiflar Bankasi A.S. in connection with a EUR 500 million first-ever covered bond issuance by a Turkish bank. The team in London assisted the bank with the related hedging arrangements, which involved complex front and back swap arrangements aimed at eliminating any Turkish lira convertibility risk for the covered bondholders. We also had to ensure compliance of the transaction documentation with the criteria established both by the Turkish Capital Markets Board and Moody’s.
Ranked for Capital Markets: Structured Finance (Germany)
“Offers strong US capacity across Europe, helping clients with all aspects of US securities law.” Chambers Europe
Ranked for Capital Markets: Structured Finance, Securitisation & Derivatives (Global: Multi-Jurisidictional)
Ranked for Capital Markets: Structured Finance (Germany)
Ranked for Capital Markets: Derivatives (UK)
Ranked for Capital Markets: Securitisation (UK)
Ranked for Capital Markets: Derivatives (USA)
Ranked for Capital Markets: Structured Products (USA)
“Mayer Brown is an esteemed firm with excellent securitisation, structured finance and derivatives capital markets practices.” Chambers Global
Ranked for Capital Markets: Structured Finance & Derivatives (London Firms)
“Sources say: ‘They have a very good geographical reach, and they can give clients a good steer as to what is possible in those jurisdictions,’ adding that ‘they're very proactive in answering questions, and can propose solutions to roadblocks.’” Chambers UK
Ranked for Capital Markets: Derivatives (Nationwide)
“Frequently provides regulatory advice to trade associations, asset managers and banks on issues concerning Dodd-Frank and the Volcker Rule. Also handles extensive transactional work for banking clients and offers notable experience advising on the netting process, as well as margin loans and equity derivatives.“ Chambers USA
Financial Times Asia-Pacific Innovative Lawyers Report 2017
Commended for the Legal Expertise: Managing Complexity & Scale (International) category in relation to the Myingyan Power Project in Myanmar.
“Advised the lenders on risk allocation and negotiated key protections with the government in Myanmar’s first internationally and competitively tendered power project. The Myingyan IPP provides a model for public-private partnerships in Myanmar.” Financial Times
GlobalCapital Americas Derivatives Awards
US Law Firm of the Year – Transactions 2022, 2021, 2020
Americas Law Firm of the Year 2022, 2021, 2019, 2018
US Law Firm of the Year – Regulatory 2017, 2016
“Be it giving guidance on the cross-border implications of post-crisis regulations or advising on the execution of an esoteric trade, the firm has built a business that can deal with a range of cross-border complexities for both US and non-US clients.” GlobalCapital
GlobalCapital Global Derivatives Awards
Global Law Firm of the Year (Overall), 2019
European Law Firm of the Year (Transactional) 2021, 2020, 2018, 2017
European Law Firm of the Year (Regulatory), 2016
“Mayer Brown has a practice with equal depth in both New York and English derivatives law, the two regimes that govern 90% of the global derivatives market…. Together with its partners in continental Europe and Hong Kong, Mayer Brown is a truly global derivatives practice. As a result, it has a seat on most banks’ panels of law firms.” GlobalCapital
Ranked for Capital markets: Derivatives (United Kingdom)
Ranked for Capital markets: Derivatives (United States)
Ranked for Capital markets: Structured finance and securitisation (Germany)
Ranked for Capital markets: Structured Finance and securitization (Hong Kong)
The Legal 500 Germany
Ranked for Structured finance and securitisation
The Legal 500 UK
Ranked for Derivatives and Structured Products (London)
Ranked for Securitisation
“The practice is at the cutting edge of the derivatives market and it has an impressive buy-side client base advising hedge funds, asset managers, pension funds, insurance companies and multinationals. The firm's combination of US and English law capability in London enables it to handle cross-border transaction work and advise key market players on changes in US and European regulatory markets, including the Dodd-Frank Act.” The Legal 500 UK
The Legal 500 US
Ranked for Structured finance: Derivatives & structured products
Ranked for Financial products (Tax)
“With a number of high-profile partner and counsel hires in 2018, Mayer Brown strengthened what was already 'a creative and pragmatic team', which is well known for its expertise in 'complex derivatives-based products' and its 'excellent regulatory knowledge'.” The Legal 500 US
Best Philanthropy Engagement, 2019
“Mayer Brown’s outstanding work required not only technical acumen but resilience and patience given the respective demands of the multiple stakeholders in two jurisdictions.” Managing Partners' Forum