Otterbourg Expands Its Loan Trading Practice with Hiring of John Hanley

On May 5, 2014, Otterbourg P.C. announced that John J. Hanley has joined the firm as a member in the corporate group.  Hanley’s practice focuses on the leveraged loan market, including primary and secondary market and related transactions.  On the secondary market for leveraged loans, see “Should Hedge Funds Include Automatic Termination as a Term of Bank Debt Trades on the New Loan Market Association Forms?,” Hedge Fund Law Report, Vol. 3, No. 10 (Mar. 11, 2010).  Hanley represents hedge funds, investment banks, trading desks and special purpose vehicles in the purchase and sale of bank loans and other financial claims.  On claims trading, see “What Happens to a Claims Trade If a U.S. Bankruptcy Court and a Foreign Court Disagree on the Validity of the Trade?,” Hedge Fund Law Report, Vol. 6, No. 5 (Feb. 1, 2013); and “Six Implications for Bankruptcy Claims Traders, Including Hedge Funds, Arising Out of the Third Circuit’s Recent Decision Holding that Claims Subject to Disallowance under Section 502(d) Cannot Be ‘Washed’ through Subsequent Transfers,” Hedge Fund Law Report, Vol. 6, No. 48 (Dec. 19, 2013).

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