Diane Roberts#3854

Diane Roberts

Diane Roberts is a partner in partner in Reed Smith's Commercial Restructuring and Bankruptcy group and a member of the structured finance practice. She advises stakeholders (including bondholders, claims holders and traders, commercial banks, creditor committees, distressed investors, hedge funds, insolvency practitioners, lenders, management, private equity houses and trustees) involved in financial restructurings and insolvencies. She has extensive experience advising agents and trustees in connection with defaults, restructurings and insolvencies and exercises of their powers and discretions. Her practice includes advising trustees, agents, servicers and other participants in securitisations, project finance transactions, loans and high-yield bonds. She also regularly advises on UK and cross-border asset portfolio transactions, debt financing and the trading of bank debt, trade claims, unregistered securities and other illiquid instruments, under both the Loan Syndication and Trading Association (LSTA) and Loan Market Association (LMA) debt trading regimes.

Contributed to

1

Use of information in the secondary debt market for loan trading
Use of information in the secondary debt market for loan trading
Practice notes

This Practice Note considers how the possession of information (particularly confidential and material non-public information) impacts on the secondary loan market. In particular, it considers whether loan trading is a regulated activity, the use of information barriers and ‘Big Boy’ letters in the secondary loan market and the relevant market guidelines issued by the LMA and other trade associations in relation to the handling of sensitive information by participants in the secondary loan market.

Practice Area

Panel

  • Contributing Author

Qualified Year

  • 1990

Membership

  • Loan Syndication and Trading Association (LSTA)
  • Loan Market Association (LMA)

Education

  • Undergraduate Education - University of North Carolina at Chapel Hill, 1990, B.A.
  • University of North Carolina at Chapel Hill, 1990, J.D. (law review)
  • Legal Education ' Georgetown University Law Center, 1997, LLM (Securities Regulation) (with distin

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