Cadwalader Assesses Impact of Dodd-Frank Wall Street Reform an…

NEW YORK, July 23 /PRNewswire-AsiaNet/ –

Cadwalader, Wickersham & Taft LLP, one of the world’s most prominent law
firms, today released a legal review of the recently enacted Dodd-Frank Wall
Street Reform and Consumer Protection Act. Cadwalader’s analyses, drafted
primarily as a guide for clients, has been widely requested and distributed
within the legal and financial community and is being made available to the
public today.

"Under the Dodd-Frank Act, all financial institutions will be directly
and materially affected — but in a myriad of different ways. Non-financial
institutions that use regulated financial products will be indirectly
affected. The Act’s amendments to Sarbanes-Oxley and broad changes to
executive compensation and corporate governance rules will impact all U.S.
public companies. Given the scope of the Act , it is important for those
affected by the changes in law to have available to them an analysis of how
the Act affects their specific businesses. We are past the point that general
overviews of the Act are useful. Clients need focus and synthesis," stated
Steven Lofchie, Co-Chair of Cadwalader’s Financial Services Department.

The compendium of memos that comprise the review now available includes
focused analysis on key aspects of the Act including: Changes to the
Regulation of Banks, Thrifts, and Holding Companies; Regulation of
Systematically Significant NonBanks; Orderly Liquidation of Financial
Companies, including Executive Compensation Clawback; Hedge Fund Regulation;
Insurance Reforms; The New Scheme for the Regulation of Swaps; Regulation of
End Users of Swaps; Reforms to the Asset-Backed Securitization Process and
the Regulation of Credit Rating Agencies; Executive Compensation and
Corporate Governance Provisions; Amendments to SOX.

"The ultimate requirements of the Act are still unformed as we await
regulatory action. Many open issues must be addressed in the adoption and
implementation of regulations under the Act or in further amendments to the
Act," stated Lofchie.

"There is strong demand for substantive insight into the effect that the
Dodd-Frank Act will have on individual businesses in the financial services
industry. Cadwalader memoranda do not simply explicate the legislation, they
analyze the impact on these businesses. The memoranda should be read by all
who are grappling with its consequences," stated Christopher White, Chairman
of the Firm.

The compendium and a library of additional analysis is publicly available
at www.cadwalader.com.

About Cadwalader, Wickersham & Taft LLP
Cadwalader Wickersham & Taft, established in 1792, is one of the world’s
leading law firms, with offices in New York, London, Charlotte, Washington
and Beijing. Cadwalader serves a diverse client base, including many of the
world’s top financial institutions, undertaking business in more than 50
countries in six continents. The firm offers legal expertise in antitrust,
banking, business fraud, corporate finance, corporate governance,
environmental, financial restructuring and reorganizations, healthcare,
insurance, intellectual property, litigation, mergers and acquisitions,
private client, private equity, real estate, regulation, securitization,
structured finance, and tax. More information about Cadwalader can be found
at www.cadwalader.com.

Contacts:
Adam Segall +1-212-504-6492
adam.segall@cwt.com
Claudia Freeman +1-212-504-6470
claudia.freeman@cwt.com

SOURCE: Cadwalader, Wickersham & Taft LLP

CONTACT: Adam Segall,
+1-212-504-6492,
adam.segall@cwt.com;

Claudia Freeman,
+1-212-504-6470,
claudia.freeman@cwt.com