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Experience:
Jason Kravitt is the founder of Mayer Brown's securitization practice. He has helped the firm's clients create some of the most significant securitization products used in the capital markets today, including the first partially enhanced, multi-seller, asset-backed commercial paper vehicle (in 1989), the first CLO, FRENDS (in 1988), and the Mortgage Partnership Finance Program for the Federal Home Loan Bank. He is currently a member of the firm's management committee, serving as co-chair from 1998-2001.
Jason represents commercial or investment banks, issuers, and other financial institutions or entities in negotiating, documenting, and underwriting sales of receivables, asset-backed or mortgage-backed securities, and other structured financings, or securitization transactions, including whole business Securitizations.
Jason is currently best known for three achievements. He is a Co-Founder, and currently Deputy Chair, of the Securitization Industry's preeminent trade association, the American Securitization Forum. He often helps to lead industry groups in large projects with regard to new regulation or legislation such as risk based capital guidelines, disclosure rules, accounting rules, and industry transparency projects. Finally, he was one of the lawyers chosen to represent the sponsoring banks in the proposed $100 billion rescue of SIVs by means of an SPV called the Master Liquidity Enhancement Conduit, or "M-LEC".
In light of recent industry turmoil, Mr. Kravitt is also hired often to advise issuers and underwriters in connection with government investigations or lawsuits concerning securitization practices.
Jason is listed as a "pre-eminent securitization lawyer" (Chambers Global Guide), has been called a "landmark of the industry" (Chambers USA 2006), has been chosen as one of only 26 US lawyers in the top 100 internationally prominent lawyers (Chambers 2000), has been chosen as "Best of the Best" in structured finance for the US (Euromoney Legal Media Group) and has been chosen as one of the top 100 internationally prominent lawyers and one of the top securitization lawyers in New York City (Chambers). Clients have called him an "extremely effective leader in the industry" who is "plugged in to tax, accounting and regulatory issues" and "great for finding out what the trends are" (Chambers USA).
Notable Engagements:
Represented industry groups such as large issuers of asset-backed securities, sponsors of ABCP Conduits, the Securities Industry and Financial Markets Association (SIFMA), and the European Securitization Forum with regard to securitization regulatory initiatives, including, for example, the Basel Committee on Banking Supervision's Risk-Based Capital Consultative Papers, the FFIEC's Risk-Based Capital projects, the FASB's new Standards for Securitization, SFAS #125 and #140, the FASB's Standard for Consolidation, Fin 46R, and SEC Amendments to Rule 2a-7 and Reg AB.
Served as one of the organizers and senior officers of the securitization industry's trade association, the American Securitization Forum.
Helped to create some of the most significant securitization products used in the capital markets today, including the first partially enhanced, multi-seller, asset-backed commercial paper vehicle in 1989 and the first CLO, FRENDS in 1988.
Represented the Sponsoring Banks in structuring the $100 Billion SIV rescue vehicle, Master Liquidity Enhancement Conduit.
Education:
Cambridge University, Diploma, Comparative Law, 1973, Harvard Law School, JD, cum laude, 1972, The Johns Hopkins University, AB, 1969; Phi Beta Kappa. |
