Mayer Brown and Others Called to Help in Global Credit Issue

With the credit crisis looming darker and darker in the horizon, Mayer Brown and other firms have been called to help in alleviating the setbacks and give sound advise in the recovery project, the proposed mortgage securities superfund.

Mayer Brown, Allen and Overy, and Cleary Gottlieb Steen & Hamilton have secured primary roles in assisting affected companies and designing schemes poised for softening the effects of the credit crisis. A&O and Mayer Brown are advisors in structuring banks - Citigroup, Bank of America and JPMorgan; Cleary will supervise banks that will provide liquidity funds.

In this concerted effort to turn the tide against the rising credit problem, all three firms are to prevent any company from putting back into the market any mortgaged-backed securities. Such action can lead to a property’s speedy depreciation with prices diving even further.

Currently, the structuring banks are still recruiting institutions to act as liquidity banks.

Mayer Brown’s team of associates is led by Jason Kravitt. Mayer Brown is an international law firm with offices throughout the world. Mayer Brown was founded in Chicago. The company has recently opened a branch in Asia.

Read about Mayer Brown’s assistance of Cleary in the article “A&O, Cleary, Mayer Brown Gain Superfund Instructions” at The Lawyer.com