The global regulatory changes implemented in the aftermath of the recent credit crisis make Jones Day's experience in the origination and trading of structured and derivatives products more critical than ever before. For many years, the Firm has delivered seamless, coordinated legal services in the financial products area from its offices in each of the world's major financial centers. We have the proven ability to deliver the legal counseling required in the new and evolving financial and regulatory environment.

Our lawyers have extensive experience in developing over-the-counter (OTC), hybrid, and bespoke financial products. We advise on every stage of the execution and trading process, from negotiating and executing foundational documentation and trade confirmations to dealing with the restructuring, termination, or unwinding of existing transactions. We also focus on the technical, substantive, and public policy issues relating to the evolution of the OTC market from a private dealer market to a centrally cleared and globally regulated and reported trading environment.

Jones Day has played a principal role in transactions involving customized derivatives and other highly structured financial instruments utilizing derivatives to create, alter, or manage cash flows. Such transactions have included interest rate, credit default, equity, commodity, energy related, total return, and municipal security swap agreements. The Firm also has helped structure an equally vast array of innovative structured products, both registered and unregistered, involving credit, equity, hedge fund, commodity, interest rate, FX linked, repurchase, and securities lending structures. In addition, we regularly advise clients with respect to regulatory compliance, claims negotiation in bankruptcy, and other related issues.

The Firm's experience also covers the regimes mandated by the Dodd-Frank financial reforms, such as the Volcker rule; registration and regulation under the Investment Advisers Act; clearing and settlement of standardized OTC derivatives; and the anticipated imposition of uniform fiduciary standards on registered investment advisers and broker-dealers. Financial institutions around the world rely on us to advise them on emerging legal proposals and trends, regulatory compliance, potential enforcement proceedings, legislative initiatives, and other areas of strategic risk. We also counsel banking institutions, hedge and private equity funds, and end users on managing credit exposure and analyzing and restructuring existing trades in respect of close-outs, defaults, and disputes, as well as on compliance and regulatory agency concerns.