Overview

Julia Lu is a partner in the firm's Corporate Practice. 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.  more +

Derivatives

Julia 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.  Due to her expertise in the credit derivatives product, Julia 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.

Distressed Debt and Special Situations

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, always with a view to formulate strategic approaches to special situations trading and investment opportunities.

Structured Credit

Julia combines her expertise in bank loans, securities and derivatives in her structured credit practice, advising clients in financing transactions relating to loans and securities, whether these transactions take the form of structured loans, total return swaps, credit-linked notes or otherwise.

Julia is a frequent speaker on derivatives and financial claims trading at industry conferences and often quoted in financial and legal publications. In addition, Julia serves as a director on the board of Forchin International Dynamic Value Fund, a Hong Kong-based hedge fund.

In 2006, Julia worked at Goldman Sachs as the Chief Operating Officer of the Bank Loan Syndication and Trading Desk as a secondee.

Experience

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 RK&O’s 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 the 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 Reform and Consumer Protection Act on the loan and loan derivatives markets.
  • Served as counsel to ISDA, the LSTA and industry working groups 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 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).

Honors & Awards

Recognized as a Woman Worth Watching by Diversity Journal (2016)

Recipient, Legal Aid Society’s Pro Bono Award, 2000

Professional & Community Affiliations

Independent Director, Forchin International Dynamic Value Fund

News

Presentations

Publications

Practice Areas
Education
  • Albany Law School, Union University, J.D., summa cum laude, 1998
  • China University of Political Science and Law, L.L.B., 1995
Bar & Court Admissions
  • New York
  • California
Languages
  • Mandarin Chinese