Michael C. Nissim
Shareholder
T: +1 (212) 407 7790
F: +1 (212) 407 7799
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New York
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E:
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Michael C. Nissim joined the New York office of Vedder Price as a Shareholder—effective as of January 1, 2007. In addition, Mr. Nissim had previously served as Vice President and Associate Legal Counsel with Republic National Bank of New York. As a member of the Vedder Price Finance and Transactions Group, Mr. Nissim concentrates his practice in the representation of commercial lenders and lessors, private banks, high net worth individuals, corporations and private investor groups.
He has extensive commercial credit experience—including acquisition financing, asset-based lending, equity bridge and capital call facilities, revolving credit and other liquidity products for US and Cayman Islands funds of hedge funds, business jet and yacht financing, real estate financing, letter of credit facilities and leveraged ESOP financing.
Additionally, he represents clients in a variety of business aircraft and yacht financing and leasing transactions—from individual transactions to complex syndicated deals. He actively counsels on matters related to domestic and international aircraft restructurings, work-outs, voluntary and involuntary repossession actions and bankruptcy proceedings.
Mr. Nissim has actively represented private banks throughout his career. He has advised private banks in a variety of secured and unsecured facilities, in transactions ranging from $5 to $250 million. In addition, he has advised issuers and beneficiaries of letters of credit in transactions up to $2 billion in stated amount. Examples of his ESOP expertise include advising an ESOP-owned company in its $300 million revolving credit facility and accounts receivable securitization. He has substantial experience in distressed, high-yield and sovereign debt assignments and participations as well as debt and loan restructurings and workouts. He represented creditors in the Enron and Budget Rent-a-Car bankruptcy transactions.
His representation of international banks is also quite significant. For example, he advised the US branch of a German bank in the issuance of over $2 billion in credit enhancement letters of credit. He represented a private bank in a $40 million superyacht financing. He represented a US money-center bank in a $100 million revolving credit facility for a hedge fund borrower and he assisted an international corporate group in establishing a $750 million integrated cash management system for its US subsidiaries. Mr. Nissim also regularly represents corporate borrowers. He represented a private bank in domestic and international repossessions and foreclosure sales of business jets. He has represented an international and US group of companies in a $800 million credit package comprised of a revolving credit agreement, term loan facility and accounts receivable securitization.
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- J.D., Temple University School of Law, 1985
- B.A., cum laude, New York University, 1982
- Member, American Bar Association (Uniform Commercial Code and Letter of Credit Subcommittees)
- Member, ESOP Association
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