Two decades of distressed loan market experience

Practicing full-time in this area since the late 1980′s has given us a deeper understanding of the most effective ways to navigate the transfer documentation process, and enables us to help our clients distinguish acceptable risk from risk worth worrying about.

Beginning seven years before the Loan Syndication and Trading Association was formed, first as an associate and then a partner at Berlack Israels & Liberman, and later as a co-founder of Kieselstein & Lee, and founder and managing member of Kieselstein Law Firm, Steve Kieselstein has helped develop and refine the documentation and closing practices that were ultimately adopted by the secondary market for distressed loans and are in use today. He is currently a member of the LSTA’s Trade Practices and Forms Committee.

Attorneys who join KLF, whether recent graduates, or lateral hires from large firm corporate departments or investment advisory firm legal departments, receive extensive training emphasizing not only the proper use of distressed debt documentation, but also the history and functions of the relevant forms of agreement, better equipping them to recognize when non-standard approaches need to be taken.