Julia Lu

Partner
New York
jlu@crowell.com
Phone: +1 212.530.1892
590 Madison Avenue, 20th Floor
New York, NY 10022-2544

Julia Lu is a partner in the New York office of Crowell & Moring. Drawing on her background in securities offerings and her previous experience as the acting chief operating officer of a trading desk, Julia focuses her practice on derivatives, distressed debt, and structured credit markets. She advises clients in transactional and regulatory aspects of their trading businesses and collaborates with them to formulate strategic, pragmatic legal solutions to complex trading, and risk management issues.

She focuses on credit default swaps, total return swaps, credit- and equity-linked notes, equity swaps and options, and other derivatives transactions, and the application of the new U.S. legislative and regulatory regimes pertaining to these transactions. She has been nominated as a potential pool member for external reviews of the determinations made by the International Swaps and Derivatives Association Credit Derivatives Determinations Committee.

Julia collaborates with leading broker-dealers and hedge funds to formulate policies, procedures, and protocols, as well as structure and document transactions, in trading bank loans, insolvency claims, post-reorganization equities, and other distressed assets. She formulates strategic approaches to trading and investment opportunities.

She combines her knowledge in bank loans, securities, and derivatives in her structured credit practice. Whether these transactions take the form of structured loans, total return swaps, or credit-linked notes, she advises clients in financing transactions relating to loans and securities.

Julia is a market expert on the Panel of Recognized International Market Experts in Finance (P.R.I.M.E. Finance), an innovative collaboration established to help resolve and to assist judicial systems in the resolution of disputes concerning complex financial transactions. She is also a frequent speaker on derivatives and financial claims trading at industry conferences and often quoted in financial and legal publications.

Julia previously worked at a multinational investment bank as the chief operating officer of the Bank Loan Syndication and Trading Desk as a secondee.

Prior to joining the firm, she was an attorney with Kibbe & Orbe LLP.

Representative Matters

Derivatives

  • Advised numerous clients, end-users, and intermediaries alike, in connection with well-known CDS credit events, including Sears, Hovnanian, Windstream, iHeartCommunications, Novo Banco (the rescue bank to Banco Espirito Santo), Caesars Entertainment, among many others.
  • Led the engagement to submit an amicus brief, on behalf of asset managers with over $150 billion in assets under management, to the ISDA Credit Derivatives Determinations Committee External Review Panel regarding a loan deliverability question in the Sears CDS auction.
  • Submitted a winning brief, on behalf of an ISDA member, to the CDS DC External Review Panel advocating that a failure to pay credit event had not occurred under Caesars.
  • Represented The Loan Syndications and Trading Association in connection with its lobbying efforts relating to the impact of Dodd-Frank Wall Street and the Consumer Protection Act on the loan and loan derivatives markets.
  • Served as counsel to ISDA and the LSTA in collaborative efforts in designing and documenting the standard North American and European loan credit default swap products, and, thereafter, the framework used for loan settlement into credit default swaps in connection with the ISDA “Big Bang” protocol.

Structured Credit and Special Situations

  • Represented large hedge funds and investment banks in connection with structured financing transactions collateralized by illiquid financial assets, including distressed loans, bonds, and related swaps.
  • Represented a global investment bank in the sale of funded and unfunded loans to investment funds and the financing of such sales.
  • Represented leading broker-dealers in structuring and documenting loan total return swap programs and in resolving significant trading disputes using bespoke total return swaps.
  • Represented numerous buy-side and sell-side clients in the trading and investing of tens of billions of dollars of insolvency, litigation, and other claims in North America, Europe and Asia (recent debtors included Visa/MasterCard, CDS antitrust litigation defendants, Lehman Brothers, TXU, American Airlines, General Motors, Icelandic banks).


Affiliations

Admitted to practice: New York

Professional Activities and Memberships

  • Member, Panel of Recognized International Market Experts in Finance (P.R.I.M.E. Finance)

Recognitions

  • Recognized as a Woman Worth Watching by Diversity Journal, 2016
  • Recipient, Legal Aid Society’s Pro Bono Award, 2000


Publications



Client Alerts & Newsletters



Firm News & Announcements

Apr.01.2021 Crowell & Moring and Kibbe & Orbe Join Forces