Bankruptcy Code 546(e) Safe Harbor: Invoking the Customer Defense in Avoidance Actions After Tribune II

Mr. Scott represents institutional lenders, bank groups, hedge funds and other creditors in out-of-court workouts and in-court bankruptcy proceedings. In the course of his practice, he also advises corporate clients on distressed asset sales and acquisitions and on structuring considerations in complex debt transactions. 

Mr. Marchetti’s teaching and research interests are in the following areas: bankruptcy and reorganization, finance, secured transactions, commercial law, banking law, business associations, commercial transactions, contracts and law and economics. Before joining academia, he worked as in-house counsel at WestLB AG, which, at the time, was an international commercial bank with world-wide operations. While working at WestLB, Mr. Marchetti worked on capital markets transactions (including swaps, other derivatives and repos), chapter 11 bankruptcy matters and a wide variety of commercial finance transactions (including real estate finance, asset backed lending, lending to oil and gas companies and project finance). Before working at WestLB, he was an associate at Cadwalader, Wickersham & Taft and at Thelen, Reid & Priest in New York City. Prior to entering private practice, Mr. Marchetti served as a Judicial Law Clerk to the Justices of the Massachusetts Superior Court. 

Mr. Hammer’s practice focuses on a broad range of creditors’ rights, netting, financial regulatory, bankruptcy, digital asset, and market infrastructure issues. He regularly advises clients regarding close-out netting rights under a variety of different U.S. insolvency regimes, including the Bankruptcy Code, the Federal Deposit Insurance Act, the Securities Investor Protection Act, the New York Banking Law, and the Orderly Liquidation Authority title of the Dodd-Frank Act, and represents clients before federal regulatory agencies and self-regulatory organizations. His clients include financial institutions, clearinghouses, sovereigns, and end users. Mr. Hammer is frequently counsel to leading financial market trade associations and ad hoc coalitions on major industry initiatives and industry-standard opinions.