A sophisticated law practice in this area will address both the transactional and regulatory aspects of the market. The transactional aspects require experience in the design, documentation, and negotiation of the product to achieve the desired commercial objectives while at the same time optimizing the applicable regulatory treatment. The regulatory practice will focus on everything from the securities and commodities laws, to tax, ERISA, and bankruptcy treatment. The regulatory landscape is expected to experience rapid and extensive changes as a result of the enactment in 2010 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. Finally, depending upon the context in which the matter arises, expertise also may be required in the underlying business (e.g., energy, insurance, municipal finance, etc.) or in litigation, business fraud, securitization, and corporate mergers & acquisitions.","DefinitionIsActive":true,"DefinitionCanDisplay":true,"DefinitionAuthorHtml":"Lary Stromfeld, Partner","DefinitionAuthorFirmId":8809,"DefinitionAuthorFirmName":"Cadwalader, Wickersham & Taft","DefinitionAuthorFirmHasProfile":false,"DefinitionAuthorFirmHasBlfProfile":false,"DefinitionAuthorFirmProfileImageUrl":"https://cdn.blrankings.com/best-lawyers/firm-profile-images/cadwalader-wickersham-taft-us-8809?t=2021021117492421","DefinitionAuthorFirmBlfProfileUrl":null,"DefinitionAuthorFirmProfileUrl":null,"OverviewHtml":"","OverviewCanDisplay":false,"OverviewAuthorHtml":"","OverviewViewUrl":"https://www.bestlawyers.com/united-states/derivatives-and-futures-law","OverviewIsActive":false,"OverviewAuthorFirmId":null,"OverviewAuthorFirmName":null,"OverviewAuthorFirmHasProfile":false,"OverviewAuthorFirmHasBlfProfile":false,"OverviewAuthorFirmProfileImageUrl":null,"OverviewAuthorFirmProfileUrl":null,"DefinitionViewUrl":"https://www.bestlawyers.com/methodology/practice-areas/united-states/derivatives-and-futures-law","OverviewAuthorFirmBlfProfileUrl":null,"LexicographicSortName":"411","SearchItemType":1048576,"SearchItemTypeName":"PracticeAreaDefinition","SearchSortOrder":16,"SortTitle":"411","HideFromSearch":false}};