"Recognized for his 'responsiveness, accessibility and outstanding service.'"
Chambers USA 2009
Stuart M. Litwin is a partner and co-heads Mayer Brown’s Structured Finance and Capital Markets practices.
Stuart is one of the leading lawyers in the United States in the representation of originators, investment banks, ABCP conduit sponsors, hedge funds, commercial banks and investors (including mutual funds) in structuring, negotiating and documenting US and international asset-backed and other securities transactions. His experience has involved the securitization of virtually all asset types, and he is recognized as an expert in the securitization and financing of retail and commercial auto loans and leases, FFELP and private student loans, dealer floorplan receivables, equipment leases and loans, rental cars, commercial and residential mortgages, cross border transactions, synthetic risk transfers, money market fund investments and structured transactions in which banks and other clients seek advantageous treatment for accounting, regulatory capital or tax purposes. Stuart also regularly represents several hedge funds and reinsurance companies in their “alternative investments” (i.e., unusual assets or finance companies discovered by the hedge fund which are more difficult to fund in securitization or banking markets). He also has substantial experience representing lessees, equity investors and debt investors in leveraged and synthetic lease transactions and M&A transactions involving banks and finance companies.
Recent important engagements have included (1) the creation of Straight-A Funding, LLC, a $60 billion asset-backed commercial paper conduit to finance the student loan industry with support from the Department of Education and the Federal Financing Bank; (2) the creation of the form customer agreement documentation for the TALF program (and representing many of the primary dealers in their customer agreement negotiations), and working on several of the first TALF transactions; (3) several tender offers for and restructurings of student loan trusts with auction rate securities; (4) the first ABS offering in the US backed by Australian auto leases; (5) representing Goldman, Sachs & Co. in the financing of Cerberus’ acquisition of Chrysler, the largest-ever use of asset-backed securities in any M&A transaction ($47 billion of the $60 billion financing); and (6) representation of a heavy equipment manufacturer in the securitization of its floorplan loans to dealers in “politically sensitive” countries in Latin America.
Stuart represents virtually every major bank and investment bank in at least some aspect of its business. He also has been involved in some aspect of the financing programs of virtually every large auto finance company.
Chambers USA 2012 notes that Stuart is “highly recommended for his auto leasing experience and is said to ‘know as much as anyone in that space.’” Chambers USA 2009 also lists Stuart as “one of the country’s best and brightest for auto securitizations” and according to Chambers Global 2009, he is esteemed by clients for his “responsiveness, accessibility and outstanding service.” Legal 500 USA 2009 noted that Stuart “has handled every variety of complex asset-backed products.” He has also been ranked as one of the best securitization lawyers in the US by, among others, Chambers Global, IFLR, Best Lawyers in America, Who’s Who Legal and Euromoney.
Stuart is a frequent lecturer and writer on securitization topics. The Structured Finance Institute has produced and sold a DVD, Introduction to Securitization Transactions, featuring Stuart. Among other publications, he is the author of the book Equipment and Auto Lease Financing: Securitization, Leveraged Leasing and Titling Trusts published by Aspen Law and Business and the Equipment and Auto Lease Securitization chapter of the Equipment Leasing -- Leveraged Leasing Treatise published by Practising Law Institute.