A partner in White & Case's Capital Markets Practice, David Thatch is a structured finance specialist known by clients and other practitioners for his creative thinking, commercial acumen and practical advice, in particular when developing new securitization products and advising clients on evolving domestic and cross-border regulatory matters.
David acts for arrangers, sponsors, issuers and investors active in the esoteric securitization and CLO markets globally and he is in his element when tailoring legal solutions to a client's specific needs. Whether solving asset isolation challenges, limiting bankruptcy risks or structuring to manage regulatory risk post credit crisis, he thrives on assisting clients in complex transactions where he can combine his personal touch, collaborative ingenuity and his first-principles approach to legal services.
David's practice is built around complex financings and event-driven work with significant experience in esoteric or non-traditional securitizations, including whole business securitizations, intricate multi-issuance platforms and securitizations involving risks that go beyond traditional financial assets, such as intellectual property, franchise loans and timber assets. David also has a long history in the rental car and truck space and a sophisticated collateralized loan obligation (CLO) practice.
He is a leading voice in the structured finance industry on the topic of risk retention, as lawyers and clients navigate the legal approach to regulatory risk in response to government agencies' implementation of final risk retention rules. In the LSTA’s recent appellate court victory regarding CLO managers and risk retention, the court adopted a reasoning first articulated in White & Case's 2011 client alert on the topic.
In Chambers USA, where David is ranked Band 2 in Structured Finance, clients describe him as being "creative and thoughtful" as well as "a great advocate for his clients," and "[h]e brings a broader background to the table and is excellent at training his team to provide equally excellent service." As a partner who believes strongly in the development of his people, the recognition of his team's excellence in the final quote was a source of particular pride.
David joined White & Case in 1997 and has served on numerous firm committees during his tenure. In the fall of 2012, he completed Harvard Law School's Executive Education program "Leadership in Law Firms."