• vcard
212.413.2843
  • Education
    • J.D., University of Pennsylvania School of Law, 2001
    • B.A., Brooklyn College - The City University of New York, 1998
  • Court Admissions
    • State of New York
    • U.S. District Court, Southern District of New York
    • U.S. District Court, Eastern District of New York
Stephen Rutenberg’s practice focuses on the intersection of special situations investing and FinTech including cryptocurrency and blockchain technology.

A significant component of Stephen’s practice relates to his work in the distressed debt market, representing clients in the purchase and sale of loans and securities of distressed and bankrupt companies. Recent representations include advising on the purchase, sale and financing of bankruptcy trade claims in several major chapter 11 cases, including Lehman Brothers, and the MF Global and Icelandic bank liquidations. He works with all types of clients, specifically, asset managers, hedge funds, private equity firms, and global financial institutions that seek him out for his legal understanding, business sense, responsiveness, and care for client needs. 

Together with the other lawyers in Polsinelli’s renowned FinTech and Regulation practice, Stephen represents, investors, issuers and underwriters looking for market leading perspectives,  on cutting edge utilization of blockchain technology including investing in cryptocurrency and initial coin offerings (ICO’s).   

Stephen has experience with general financings, lending, and other corporate transactions. He has also counseled clients in the negotiation of total return swaps, credit default swaps, and other structures for the purchase and/or financing of loan and claim portfolios as well as formation and structuring work for startup companies and funds.

Admitted to practice in New York and as a solicitor in England and Wales, Stephen has significant experience advising on cross-border distressed trading matters and is recognized for this in the 2016 edition of IFLR1000 as a Rising Star. In February 2017, Stephen received the UJA-Federation of New York’s James H. Fogelson Emerging Leadership Award for his contributions to the New York legal and philanthropic communities. Stephen is recognized as a thought leader frequently writing and speaking on the FinTech and distressed loan trading.
  • Representation of many of the major broker-dealers, investment banks and hedge funds on all aspects of secondary distressed and par loan transactions.
  • Representation of the purchase, sale and financing of bankruptcy trade claims in most of the major recent chapter 11 cases, including Lehman Brothers and AMR Corporation as well as the Madoff insolvency and the MF Global and Icelandic bank liquidations. 
  • Experience negotiating total return swaps, credit default swaps and other structures for the purchase and/or financing of loan and claim portfolios as well as other synthetic methods of obtaining exposure to the secondary loan and claims markets.
  • Assistance with the purchase and sale of private notes and other illiquid securities with regard to documentation as well as advising on issues related to the possession of confidential information.
  • Experience with analysis and documentation related to transactions for the purchase and sale of loans, portfolios, NPLs and other assets in multiple emerging market jurisdictions, with a focus on Spain and Eastern Europe.
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