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Glenn S. Arden
Partner

Contact

(T) +1.212.326.7852
(F) +1.212.755.7306

Education

  • New York University (J.D. 1984; Order of the Coif; Associate Editor, Law Review); Amherst College (B.A. in Physics 1981 and B.A. in Art Studies 1981 magna cum laude; John Woodruff Simpson Fellow)

Bar Admissions

  • New York

Glenn Arden has practiced in the structured finance, securitization, and derivatives markets since their inception in the 1980s. He was an early advisor in the integration of swaps and other derivatives into securitization structures, culminating in a pioneering role in the creation of synthetic CDOs and total return swaps (TRS). He is experienced in the representation of issuers, sponsors, underwriters, investors, and rating agencies in connection with the issuance of asset-backed and mortgage-backed securities and structured products. Glenn also advises clients in connection with capital markets transactions involving equity derivatives, such as convertible securities with call spreads, accelerated share repurchase programs (ASRs), and sales of Visa Class B shares. As a member of the Firm's opinion committee, he has primary responsibility for the Firm's opinions as to legal isolation (true sale and substantive consolidation) and the treatment of derivatives and securities contracts under bankruptcy and banking regimes, as well as compliance with Dodd-Frank regulations such as the Volcker Rule and risk retention.

Glenn's recent new issuance experience has included the securitization of electromagnetic spectrum for telecommunications, the securitization of airline ticket receivables, and multijurisdictional trade receivables facilities.

Glenn has been a frequent speaker on securitization and derivatives. He is author of the chapter on "Derivatives and Securitization" in the treatise Securitizations: Legal and Regulatory Issues, published by Law Journal Press, and has served as an adjunct assistant professor of financial management at New York University, where he taught a graduate course in the legal analysis of structured finance.


Glenn Arden