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March 29, 2013 /PRNewswire/ -- Morrison & Foerster LLP is pleased to announce that
Jerry Marlatt has been selected by
The American Lawyer as a "Dealmaker of the Year" for his work as issuer's counsel for Royal Bank of
Canada on its landmark covered bond offering program. This was the first covered bond deal ever registered with the Securities and Exchange Commission.
Mr. Marlatt was honored for leading the Morrison & Foerster team advising the bank in obtaining the no-action letter relief necessary to permit the transaction, and navigating the registration and issuance process. Registration allows covered bonds to be marketed to a larger group of potential investors, broadening the U.S. market for these securities.
The article recognizes
Jerry Marlatt's role as a covered bond pioneer, responsible for many of the market innovations in the area in
the United States, including working on the first covered bond program for a U.S. depository institution, the first covered bond offering into
the United States on a 144A basis, and now the first U.S. registered deal. This depth of expertise has contributed to making Morrison & Foerster a market leader in covered bonds, as well as secured and unsecured financings for foreign banks in the United States. Marlatt has championed U.S. covered bond legislation, serves on SIFMA's Covered Bond Council, and writes and speaks regularly on covered bonds.
The innovative nature of the Royal Bank of
Canada transaction was recognized as well by
The Cover, a Euromoney publication, which honored it with the Editor's Choice award for most innovative deal of 2012. M&A Advisor recognized the transaction as its Debt Deal of the Year. Most recently, the
International Financial Law Review (IFLR) named the transaction Structured Finance and Securitization Deal of the Year at its 2013 IFLR Americas Awards. See
http://www.mofo.com/Covered-Bonds-Services/ for more.
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Ranked as one of the preeminent capital markets practices by Chambers USA, Chambers Global, Legal 500 US, IFLR1000 and U.S.News & World Report
Ranked by IFLR1000,Legal 500 US and U.S.News & World Report as one of the leading securitization and structured finance practices.
Structured Products magazine Law Firm of the Year, Americas for five of the last seven years.
Ranked by PLC Which lawyer? as having a leading banking and finance practice.