Steven Ross has thirty-five years’ experience representing banks and borrowers in connection with secured asset-based loan agreements, all types of domestic and international secured transactions, structured finance, project finance, swaps and foreign exchange transactions of all types, repurchase transactions and legal opinions. He has represented banks and borrowers in the United States and internationally, especially Latin America. Examples include asset-based loan agreements and security agreements entered into in connection with acquisitions and to provide working capital; project financings of wind energy facilities; Diversified Payment Rights (“DPRs”) programs which monetize DPRs of banks in Latin America and Turkey; secured export and pre-export financings of Brazilian producers of sugar, wood pulp and metals; ISDA 2002 Master Agreements, foreign exchange non-deliverable forwards, commodity swaps and forwards, interest rate swaps, total return swaps, credit default swaps and other types and combinations of swaps and derivatives; and repurchase and reverse repurchase agreements involving US Treasury securities or commodities. Steven has prepared account agreements, inter-creditor agreements, security agreements and legal opinions in connection with many international transactions which involve New York and foreign laws. Steven has advised banks and borrowers in connection with the regulation of swaps, swap dealers and swap participants under the Commodity Exchange Act, as amended by Title VII of the Dodd-Frank Act, and provided extensive comments to the Commodity Futures Exchange Commission (the “CFTC”) on regulations under the Dodd-Frank Act in order to create exemptions from mandatory clearing and margin requirements. Steven has written briefs and expert legal opinions in connection with litigation regarding security interests in bankruptcy (and to date has won every case). Steven has represented banks in connection with art financings, cash management agreements, credit card servicing and other transactions involving security interests.
Admitted to Practice
New York, 1981
BA of English Literature, Honors student, University of California, Berkeley
JD, Benjamin Cardozo School of Law, Student clerk of Honorable Milton Pollack, S.D.N.Y.
Recent Publications and Speaking Engagements
Steven has given many seminars regarding security interests, especially security interests in deposit accounts, securities accounts and security entitlements; ISDA Master Agreements and swaps, including provisions in the Bankruptcy Code and regulation under the Commodity Exchange Act as amended by the Dodd-Frank Act; and legal opinions. Steven has written articles regarding security interests, swaps and bankruptcy.
Professional Associations and Community Involvement
Member of ISDA Committees – drafted ISDA documents
Member of the New York City Bar Association Animal Law Committee.
Pro bono immigration advice
Pro bono corporate advice to Buddhist monasteries, animal sanctuaries, environmental groups and others in need
Steven is an artist, musician and writer.