Anthony Nolan is a partner in the firm's Finance practice. He has a domestic and international practice that emphasizes lending transactions, fixed income securities, structured finance, structured products, insurance linked securities and derivatives and related regulatory issues. He often works at the intersection of finance and investment management, including trading and regulation of swaps and security-based swaps, loan trading, securities lending and repo as well as traditional borrowing and leverage transactions.
Anthony has significant experience in (i) securities laws affecting asset-backed securities, corporate debt securities, initial coin offerings and security-based swaps, (ii) commodity laws impacting swaps and commodity pool participants and (iii) banking laws that regulate the derivatives and securities activities of depository institutions and their affiliates, including under the Volcker Rule.
Anthony regularly advises clients in transactions involving the financial services, energy, transportation, equipment leasing, manufacturing, health care and real estate industries. His structured finance experience encompasses cash and synthetic securitizations and covers a wide range of financial assets including commercial loans and loan participations, aircraft and equipment loans and leases and many types of consumer financial assets. He also represents investment advisers in various aspects of structured finance, both as investors and as sponsors of CLOs and other securitizations.
Anthony represented Vertical Bridge Vertical Bridge REIT, LLC in a US$1.4 billion securitization of cell tower leases that closed in February 2022. He represented the structuring agent and senior secured lenders to PK Air 1 LP, a US$3.6 billion commercial aviation CLO that closed in December 2019. This transaction won the overall “Deal of the Year” award at the 2020 Airline Economics Growth Frontiers Aviation 100 Awards and was named the “Bank Loan Deal of the Year” in the 2019 AirFinance Journal Awards.
Anthony chairs the firm’s opinion committee. He served on the firm’s management committee from March 2013 through February 2017. He was a lecturer in law at Columbia Law School from 2007 to 2016.
- Recognized in The Best Lawyers in America® for Securitization and Structured Finance Law in New York, 2019-2024
- American Bar Association
- Banking Law Committee, Securities, Capital Markets, and Derivatives Subcommittee
- New York City Bar Association Structured Finance Committee, Vice Chair
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ISDA, Documentation Committee; Energy, Commodities & Developing Products Committee
- Alternative Investment Management Association; Securitisation Regulation Working Group
- Present Prologue and the Future of Securitization Amidst the Blockchain and AI Revolution; New York City Bar Association Structured Finance Committee (March 2024)
- Transactions in Digital Assets Under the Revised Uniform Commercial Code; New York City Bar Association Structured Finance Committee (January 2024)
- It’s Back! The Ghastly, Ghostly Reappearance of Proposed Rule 192: A Halloween Tale of Conflicts of Interest Relating to Certain Securitizations; New York City Bar Association Structured Finance Committee (October 2023)
- Emerging Issues in Derivatives Regulation: Decentralized Finance (“DeFi”) and Beyond; New York State Bar Association Derivatives and Structured Products Law Committee (April 2023)
- Securitized Products; PLI Understanding Financial Products 2023 (January 2023)
- Securitized Products; PLI Understanding Financial Products 2022 (January 2022)
- New York Space Business Roundtable: ESG -- Social Factors of the New Space Economy; Society of Space Professionals International webinar (November 2021)
- General Solicitation and Advertising of Securities Offerings Online and in Social Media: SEC Guidance; Strafford CLE Webinar (September 2021)
- NFTs and Fractional NFTs: Legal and Regulatory Concerns for Creators and Investors; Strafford CLE webinar (August 2021).
- Insurance Companies as Investors; K&L Gates online webinar (May 2021)
- Securitized Products; PLI Understanding Financial Products 2021 (January 2021)
- COVID 19: Key Issues for Swap and Repo Participants in a Difficult Market; K&L Gates online webinar (May 2020)
- Redefining General Solicitation for Securities Offerings in the Internet and Social Media Age: SEC Guidance; Strafford CLE webinar (April 2019)
- Cryptocurrencies and Related Investment Products; K&L Gates Investment Management Conference, Washington DC (November 2018)
- Cryptocurrencies & ICOs in Investment Management: Trading & Compliance Concerns; K&L Gates Investment Management Conference, New York NY (October 2018)
- Current Regulatory Issues and Trends Impacting Global Investment Funds; Global Investment Funds 2018 PLI Program, New York, NY (September 2018)
- SEC & Legal Considerations Affecting Cryptocurrencies; Exchange Geeks Blockchain Summit, Miami FL (August 2018)
- CLO Risk Retention: What’s Left? K&L Gates Webinar (June 2018)
- CLO Manager Forum: Managing Risk in Multiple Markets; K&L Gates Webinar (May 2018)
- CLO Investor Forum: Balancing Risk, Returns and Conflicting Interests; K&L Gates Webinar (March 2018)
- Art Market Purchase and Provenance in the Blockchain Age; “Global Voices | Conversations on Art” conference presented by K&L Gates and the Global Fine Art Awards; New York NY (March 2018)
- Cryptocurrencies, Smart Contracts and ICOs; K&L Gates West Coast Investment Management Conference, San Francisco CA (November 2017)
- FinTech and Cryptocurrencies; K&L Gates Investment Management Conference, Washington DC (November 2017)
- US financing options for Mexican SOFOMes under New York law; K&L Gates seminar, San Francisco CA (June 2017)
- True Lender and the Madden Case: Impact on Industry 2 Years In; Lendit USA 2017 Conference, New York NY (March 2017)
- New Special Purpose National Bank Charter for FinTech Companies: Evaluating the Benefits and Regulatory Pitfalls; Strafford CLE webinar (March 2017)
- Securitization in Alternative Lending; Opal Marketplace Lending & Alternative Financing Summit, Dana Point CA (December 2016)
- Structuring Concurrent Regulation S and Regulation D Securities Offerings: Navigating the Process, Closing the Deal, Integration of Concurrent Securities Offerings; Strafford CLE webinar (June 2016)
- Legal and Regulatory Q&A; Lendit USA 2016 Conference, San Francisco CA (April 2016)
- Marketplace Lending: The New Frontier; ABA Business Law Section Spring Conference, Montreal, Canada (April 2016)
- Loan Participations and Purchased Loans; Strafford CLE webinar (March 2016)
- Breakfast Roundtable Forum on US Marketplace Loan Investments; K&L Gates seminar, London, England (March 2016)
- Securitization: Is There a Real Need for Securitization in Marketplace Lending? Altlend: Consumer 2016 Conference, San Francisco CA (January 2016)
- Managing Credit Risk in the Post-Lehman World: Protecting Investment & Finance Transactions Against Potential Bankruptcy Fallout; K&L Gates webinar (October 2015)
- Resolution Stay Protocol: Background, Terms and Buy-Side Considerations; K&L Gates/AIMA webinar (September 2015)
- The SEC Enforcement Division's Renewed Interest in Structured Products; K&L Gates webinar (June 2014)
- Understanding the Internal Organization and Reporting Requirements for Solar Issuers; Infocast Solar Securitization Conference, New York NY (September 2013) (moderator)
- The Sun Also Raises: New Approaches to Raising Capital for Solar Energy; 2013 Annual Meeting of the Northwest Independent Power Producers Coalition, Union WA (September 2013)
- The Changing Landscape for Derivatives; K&L Gates Eighth Annual Investment Management Conference on Global Legal and Regulatory Issues for Investment Managers and Funds; London, England (July 2013)
- Rating Agency Perspectives on Solar Securitization; Infocast Solar Power Finance & Investment Summit 2013; San Diego CA (March 2013) (moderator)
- Renewable Energy Financing: A Review of Current Developments in the Renewable Energy ABS Market; ASF 2013 Conference; Las Vegas NV (January 2013) (moderator)
- Assessing the New Normal for Securitization: Risk and Regulatory Responses to the Financial Crisis; GARP Conference on Risk Based Banking and Capital Markets Regulation; New York NY (October 2012)
- Advanced Topics in Derivatives; K&L Gates Investment Management Conference; New York NY (December 2012)
- New Developments in Swaps Regulation Affecting the Investment Management Industry; K&L Gates West Coast Investment Management Conference; San Francisco CA (November 2012)
- Emerging Derivatives Reform Under the Dodd-Frank Act: How the Landmark Law Transforms the Trading of Over-The-Counter Derivatives; K&L Gates presentation (February 2011)
- CDO and CDS Litigation Trends; K&L Gates webinar (May 2009)
- Alternative Methods for Risk Transfer; Navigant Consulting Conference on International Arbitration: Managing Risk in High Growth / High Risk Markets; New York NY (September 2008)
- How to Survive the Current Credit Crisis; K&L Gates webinar (December 2007)
- "Settlement of Credit Derivatives Transactions Referencing Entities Under Western Sanctions and Kremlin Capital Controls," K&L Gates White Paper, 16 March 2022
- “What Shifting Crypto Policy Means For Banks, Market Players,” Law360, 9 December 2021
- “Volcker Rule 2.0 is here to stay: Congress refuses to exercise rights under CRA," AIMA Journal Edition 126, June 2021
- "Project Finance Will Be Key To Developing Hydrogen Market," Law360, 3 February 2021
- "An End-User’s Guide to Margin Calls and Valuation Issues Affecting Repurchase Agreements and Swaps," K&L Gates White Paper, 3 May 2020
- “Initial coin offerings: key US legal considerations for ICO investors and sponsors,” Journal of Investment Compliance (JOIC), Vol. 19, Issue: 1, June 2018
- “Hunger Games: How Competing HVCRE Policy Proposals May Affect Competition Between Banks and Non-Bank Lenders,” CRE Finance World, 8 January 2018
- “Legal Considerations After SEC's Warning Shot At ICOs,” Law360, 21 August 2017
- "Commercial Mortgage Loans and CMBS: Developments in the European Market – Chapter 20," Sweet & Maxwell, November 2016
- “Reducing Settlement Delays In Loan Trading Market,” Law360, 14 September 2016
- “Considerations for Investment Managers Considering Acquiring Portfolios of Online or Marketplace Loans,” The Investment Lawyer, Vol. 23 No. 5, May 2016
- "Allocation of FATCA Withholding Risk in Financial Transactions Outside the United States," K&L Gates Alert, 22 October 2013
- Quoted, "Investing CDSs may not cover final coupon on $149bn of Russian bonds," Risk.net, 1 April 2022