The Loan Syndications and Trading Association (LSTA) has appointed Barbara Sherman as its new special counsel. Sherman was hired from Mandel, Katz, Manna & Brosnan for the purpose of discovering ways to improve standard documentation and market practices to reduce cost and settlement times for trades in the secondary loan market. "The first thing that she will work on is the changes to the distressed purchase and sale agreement," said Jane Summers, LSTA general counsel. Sherman will begin working on Sept. 30. At Mandel, Katz, Manna, & Bronsnan, Sherman worked with par and distressed settlement. Previously she had been at Goldman Sachs where she dealt with legal issues involving the trading and settlement process. Sherman served on the LSTA board of directors as a representative for Goldman Sachs in 2001.
LSTA Appoints Counsel To Grapple With Settlement Issues