Cadwalader Announces Two UK Special Counsel

    LONDON, June 4 /CNW/ - Cadwalader, Wickersham & Taft LLP, one of the
world's leading international law firms, today announced the recent hires of
Jonathan Price and Karl Clowry who join the firm as special counsel resident
in the Firm's London office. Mr. Price joins the Capital Markets Department
while Mr. Clowry joins the firm's Financial Restructuring team.

    Cadwalader Chairman and Managing Partner Robert O. Link, Jr. stated,
"Jonathan and Karl are both experienced and highly-regarded lawyers who bring
significant banking and restructuring experience to our practices. They will
be assets to the firm as we continue to build a formidable presence in the
London and European markets."

    Mr. Price has extensive experience in a wide range of structured finance
transactions, with a particular emphasis on real estate finance investment and
development. He has acted for senior lenders, mezzanine lenders, funds and
corporate borrowers in the UK, Europe and the Russian Federation. He recently
advised IVG Asticus as an investor in connection with the financing
arrangements for the GBP 600M acquisition of the "Gherkin". He has also acted
for banks, borrowers and trustees on a range of general banking transactions.
Prior to joining the firm, he was with CMS Cameron McKenna.

    Mr. Clowry, who comes to Cadwalader from Allen & Overy LLP, has broad
banking, insolvency and restructuring experience covering all aspects of
general lending, debt restructuring, loan and business acquisitions and
disposals. He has acted for both borrowers and lenders on a variety of complex
domestic and cross-border transactions including; acting for the lenders in
connection with the restructuring of Uneximbank involving US$2 billion of
indebtedness, and, acting for liquidity providing lenders on the restructuring
of a structured investment vehicle holding US$3 billion in assets.

    About Cadwalader, Wickersham & Taft LLP

    Cadwalader, Wickersham & Taft LLP, established in 1792, is one of the
world's leading international 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, healthcare, insolvency, insurance and reinsurance,
litigation, mergers and acquisitions, private client, private equity, real
estate, regulation, securitisation, structured finance, and tax. More
information about Cadwalader can be found at

For further information:

For further information: Cadwalader, Wickersham & Taft LLP Catriona
Watt, +44 (0) 20 7170 8756 or Marc Hazelton, +44 (0)
20 7170 8531

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