Crowell & Moring has added Cristina Diaz, former executive director and general counsel of UBS Bank USA, and most recently head of legal for UBS’s U.S. Remediation Management Office, to the firm’s Financial Services Group as senior counsel in New York. Diaz brings more than two decades of in-house counsel and law firm experience in bank regulation, compliance, and risk management.
Continue Reading Crowell & Moring Expands Financial Services Group with Former UBS Bank USA General Counsel Cristina Diaz
Crowell Joins International Legal Finance Association Industry Partnership Program
Crowell & Moring has joined the International Legal Finance Association’s (ILFA) Industry Partner Program, a network of legal and professional organizations committed to supporting the responsible growth of commercial legal finance. Through the program, partners support ILFA’s work to educate policymakers, courts, regulators, and stakeholders about the value of litigation finance, and advocate for a
Crowell Publishes Litigation Funding Chapter in ICLG’s Lending & Secured Finance Laws and Regulations 2026
Crowell & Moring attorneys Paul Haskel, John Laird, Scott Lessne, and Paul Muscutt have contributed a chapter to ICLG’s Lending & Secured Finance Laws and Regulations 2026, providing a comprehensive introduction to litigation funding.
The chapter examines the key players in the litigation funding space, the legal and regulatory frameworks governing funding arrangements in
LSTA Introduces Late Payment Fees for Loan Trade Transactions
In an effort to improve market efficiency and to speed settlement, the Loan Syndications and Trading Association (the “LSTA”) has amended its trading documents in order to address concerns that market participants are increasingly failing to make timely payment of the “Purchase Price” with respect to their bank loan trade settlements. Although typically only one or two days late, some delays have been substantially longer, and such failures can understandably prove to be quite costly to loan sellers and disruptive to the market as a whole. The amendments introduce language into the LSTA Standard Terms and Conditions for its suite of trade confirmations (the “Standard Terms”) that requires tardy loan buyers to pay a “Late Payment Fee.” *
Continue Reading LSTA Introduces Late Payment Fees for Loan Trade TransactionsCrowell Sponsors ILFA Drinks & Discussion in New York
Crowell was proud to serve as a sponsor of the recent Drinks & Discussion hosted by the International Legal Finance Association (ILFA). The event on April 16 brought together over 150 leading practitioners, funders, and professionals from across the legal finance ecosystem at Grand Brasserie for networking and discussion on one of the most dynamic and rapidly evolving areas of finance.
Crowell has a leading Financial Services group, and is pleased to support the mission of ILFA through our sponsorship.
Continue Reading Crowell Sponsors ILFA Drinks & Discussion in New YorkLSTA Proposes Introduction of Late Payment Fees in Loan Trade Transactions
In an effort to improve market efficiency and to speed settlement, the Loan Syndications and Trading Association (the “LSTA”) is proposing amendments to its trading documents in order to address concerns that market participants are increasingly failing to make timely payment of the “Purchase Price” with respect to their bank loan trade settlements. Although typically only one or two days late, such failures, on a large scale, can prove to be quite costly to loan sellers and disruptive to the market as a whole. The proposal would introduce language into the LSTA Standard Terms and Conditions for its suite of trade confirmations (the “Standard Terms”) that would require tardy loan buyers to pay a “Late Payment Fee.”
Continue Reading LSTA Proposes Introduction of Late Payment Fees in Loan Trade TransactionsCrowell’s Paul Haskel Quoted in American Lawyer Article on Law Firm Finance
Paul Haskel was recently quoted in an American Lawyer article that explores trends and new approaches in law firm finance. The article discusses various methods of funding utilized by law firms, including debt finance from traditional financial institutions and, more recently, private capital.
Paul commented, “Currently, most firms who have little cash on hand tend
Paul Haskel and Paul Pollock Publish Article on MSOs in Bloomberg Law
The use of management service organizations (MSOs) in the law firm space is a new and expanding trend. While uncertainties whether MSOs comply with legal ethical rules remain, with only one decision from the Texas Commission on Professional Ethics touching on the issue so far, continued use of MSOs in law firm transactions is expected.
UK Government Intends Third-Party Funding Regulatory Streamlining
The UK Ministry of Justice has announced an intention to remove English third-party litigation funding from the current requirements of the Damages-Based Agreements Regulations 2013 (“DBA Regulations”) and provide for a different regulatory framework. As we have discussed previously here and here, various forms of uncertainty remain for third parties who wish to fund
Crowell & Moring Ranked a Leader for Crypto-Asset Disputes by Chambers FinTech
Crowell has been ranked a leading firm by Chambers FinTech in the USA Nationwide Crypto-Asset Disputes category. Crowell’s Anand Sithian has been named a notable practitioner in this area.
According to Chambers, Crowell’s FinTech practice has “strong corporate, financial services and white-collar capabilities to support clients across transactions and evolving regulatory frameworks.”
Chambers FinTech offers