Sharan Calay is a partner in Seward & Kissel’s Global Bank and Institutional Finance & Restructuring Practice Group.
Sharan’s practice focuses on structured finance, asset-backed and mortgage-backed securities transactions, domestic and international banking transactions, distressed debt transactions, project finance, senior and subordinate loan financing, institutional finance and private placements. She represents numerous domestic and international banks and other institutions in all types of domestic and cross-border financing transactions. She has extensive experience in representing corporate trustees, issuing and paying agents, depositaries, separate trustees, collateral agents, administrative agents, servicers, back-up servicers, master servicers, trust administrators, hedge fund administrators and other service providers in asset-backed and mortgage-backed transactions, project finance transactions and municipal finance transactions, and other financial transactions. In addition, Sharan has represented investors, issuers, corporate trustees and master servicers in a number of major workouts and bankruptcies in the SIV, CDO, CLO and asset securitization context, as well the restructuring of special purpose conduits. She has represented both issuers and trustees in connection with the replacement or termination of collateral managers, swap counterparties and administrators. Sharan has a great deal of experience representing trustees and investors in connection with repurchase and foreclosure provisions and enforcement rights in connection with mortgage-backed securitization transactions, and related litigation. Sharan also represents collateral administrators, loan agents and trustees on domestic and european CLO/Risk Retention transactions, including warehouse transactions, redemptions, refinancings and Volcker Rule implementing amendments. She also participates in the Seward & Kissel Risk Retention Task Force, which is designed to assist collateral managers and others in implementing the rules on CLO transactions. She has also worked on P2P transactions, including the securitization and custody of peer to peer loan receivables.
Sharan is a member of the American Bar Association and the Structured Finance Investment Group (SFIG).
Sharan received a B.A. from Barnard College, Columbia University in 1991 and a J.D. from Fordham University School of Law in 1999.