Locke R.McMurray

Locke McMurray's practice focuses on derivatives, securitization, and other financial products and spans the full spectrum of transactional, regulatory, and dispute resolution matters. He is a founding member of Jones Day's LIBOR (London Interbank Offered Rate) transition task force and also currently advises numerous clients on the "qualified financial contract" (QFC) regulations and protocol.

Locke regularly counsels clients, including foreign and domestic financial institutions, financial market utilities (FMUs), and corporate clients, on ISDA (International Swaps and Derivatives Association) and other documentation for swaps and other financial products, credit facility hedging and regulation of swaps, security-based swaps, futures, and "commodity pools" under Dodd-Frank and the Commodity Exchange Act. He also advises clients on the regulatory and commercial law status of blockchain "tokens" and participated in a foundational study of public key infrastructure in the early 1990s.

Locke additionally analyzes financial transactions from a litigation perspective, particularly in relation to derivatives termination and valuation questions, the Uniform Commercial Code, fraudulent conveyances, and the rights and obligations of various securitization deal participants, including investors, collateral managers, trustees, and swap counterparties. He has vast experience in rendering legal opinions on a variety of bankruptcy, derivatives, and secured transaction matters.

Prior to Jones Day, Locke spent more than 15 years as in-house counsel at a variety of banks, where he held such roles as global head of legal for rates trading, fixed income and equity derivatives, and securitization, and head of derivatives legal at the Lehman Brothers Chapter 11 estates.