LawWise

In this episode of the LawWise podcast, Cadwalader's Jason Halper and Timbre Shriver discuss key components of the SEC's final climate disclosure rule and what's changed in the two years and 24,000 comments since it was first proposed.

Key discussion points include:

Primary requirements of the rule, including climate risk, board oversight, risk management, and transition plan disclosure;

A new safe harbor provision for forward looking statements;

Changes to emissions disclosure requirements from the proposed rule; and

Legal and political challenges.

Since the publication of the original sustainability-linked loans (SLL) principles and guidance by the Loan Market Association (LMA) and Loan Syndications and Trading Association (LSTA), there has been a significant increase in volumes of sustainability-linked financing. Lenders and borrowers have used the credibility and flexibility of this loan product to respond to the changing financial landscape and stakeholder demands, whilst developing their sustainability strategies and policies. The LMA and LSTA are set to release revised SLLPs this and are also planning to release a set of standardised model terms for SLLs in facility agreements that will play a crucial role in providing structure, consistency and guidance to the growing SLL market.

In this podcast, the hugely important loan product is discussed by our Financial Services partner, Sukhvir Basran, who is joined by Tess Virmani of the LSTA and Gemma Lawrence-Pardew of the LMA. We hope you find this discussion as insightful as those who attended the session in our London office. We are always happy to answer any questions you may have on the topic.

Cadwalader special counsel Francisco Linares, chair of the firm's Veterans Network, hosts a special Veterans Day episode of the LawWise Podcast featuring partners Joe Beach and David Burkholder. The three discuss their experiences in the service, the life lessons they learned, and much more.

In this episode of Cadwalader's podcast series, Tax partners Mark Howe and Gary Silverstein are joined by Eric Wempen, Head of Tax at Benefit Street Partners, to discuss the tax aspects of CRE CLO transactions, including:

1. What are CRE CLOs and what do tax professionals care about?;
2. Structuring considerations to benefit both U.S. investors (taxable and tax-exempt) and non-U.S. investors;
3. REITs vs REMICs; and
4. Tax modeling.

Cadwalader's Duncan Grieve is joined by Ludmila Groch of the Brazilian law firm Lefosse to discuss critical considerations for companies conducting internal investigations in Brazil.

Key discussion points include:

• Good practices for protecting evidence and ensuring the integrity of the investigation

• Challenges for international clients in understanding the Brazilian regulatory landscape and multiple enforcement authorities

• Recent legislative and enforcement developments

Additional Resources:

• Podcast - The Legacy of Brazil's 'Car Wash' Investigation: Implications for Global Anti-Corruption Enforcement

In this episode of the LawWise podcast, Cadwalader's Joshua Martinez and Douglas Chiu are joined by LTC Michael Evans of JPMorgan Chase and LTC Raúl Sanchez of Morgan Stanley to host a special Veterans Day episode.

Key discussion points include:

• Why they joined the military initially
• Balancing service with a career in law
• Practicing law in a deployed environment

In this "Leadership Conversation," Mark Grider, head of Cadwalader's Crisis Management and Congressional Investigations practice and the former U.S. Deputy Associate Attorney General, is joined by Thomas Kim, Chief Legal Officer and Company Secretary at Thomson Reuters.

The pair discuss Thomas' recent recognition at the Korean American Lawyers Association of Greater New York's 35th Anniversary Gala, leadership, and various diversity, equity and inclusion initiatives.

Key topics include:

• Thomas' career evolution and highlights
• How law firms and general counsels can work together to drive positive change on the diversity front
• Leadership advice for young lawyers and general counsels

In this episode of the LawWise podcast, litigation partners Jared Stanisci and Anne Tompkins discuss some recent Cadwalader pro bono work and LGBTQ affinity network initiatives, recap the firm's Pride Month events and more.

Key discussion points include:

• TLDEF's Name Change Project

• Recent developments in asylum cases

• Cadwalader's Sponsorship Program

In this episode of the LawWise podcast, Cadwalader's Duncan Grieve is joined by Alexandre Aroeira Salles and Francisco De Melo Franco Ferreira of the Brazilian law firm Aroeira Salles Advogados to discuss the legacy of the "Car Wash" investigation and how Brazil fits into the increasingly global landscape of white-collar crime enforcement.

Key discussion points include:

• An overview of the case
• How corporate settlements are evolving in Brazil
• Ongoing consequences and risk factors impacting multinational companies operating in Latin America

In this episode of the LawWise podcast, Cadwalader CLO thought leaders Joseph Beach and Neil Weidner are joined by Adnan Zuberi, Co-Head of Asset Finance and Securitization Origination for the Americas and Global Head of CLOs at BNP Paribas, to forecast key trends in the market for 2021.

Joe and Neil are partners in Cadwalader's transatlantic CLO practice, which has more than 50 attorneys dedicated to the asset class. As the market-leading law firm in the "CLO 3.0" space, we have played an instrumental role in helping shape structural and legal aspects of CLOs, in both the U.S. and European markets, since the asset class emerged from the financial downturn.

Key discussion points include:

• How the CLO market performed under the stress of COVID-19
• Market optimism in 2021
• A closer look at the Middle Market