Penelope L. Christophorou
Penny Christophorou focuses her practice on commercial financings and creditors’ rights. She negotiates secured transactions, structured financings, workouts, and debtor-in-possession (DIP) financing. She also works on securities finance transactions, including margin lending, prime brokerage, repurchase transactions, and securities lending arrangements. She advises on securities and digital asset custody arrangements, tokenization of securities and other assets, central clearing (including US Treasury cash and repurchase transactions) and derivatives. Penny also counsels on closeout and netting rights under the US Bankruptcy Code and other insolvency regimes. She represents US and non-US financial institutions, asset managers, registered and private funds, market intermediaries, clearing organizations, and industry groups.
Penny frequently writes and speaks on the Uniform Commercial Code (UCC), including UCC Articles 8, 9, and 12, and generally on business law matters. She is a past chair of the American Bar Association’s (ABA’s) Business Law Section, a past chair of its UCC Committee, and a member of the American Law Institute, a national law reform nonprofit.
