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Chicago, May 12, 2005 – LAWFUEL – The Law News Network – Ba…

Chicago, May 12, 2005 – LAWFUEL – The Law News Network – Baker & McKenzie was recognized for its representation in the “Deal of the Year” by Institutional Investor’s first ever Securitization News Awards. The Firm accepted the honor at the magazine’s inaugural award ceremony in New York on April 21. The award recognizes the Firm’s role in the UCC Capital Corporation (UCC) – BCBG Max Azria Group intellectual property securitization transaction—a deal, which has developed a new, niche asset class in securitization.

In the transaction, Baker & McKenzie advised New York Life in connection with the securitization of BCBG Max Azria’s royalty receivables generated from worldwide intellectual property rights. The US$53 million Royalty-Backed Notes were issued in two pari passu classes, one of which had additional credit support provided by a letter of credit provider. BCBG Max Azria is a world famous designer, manufacturer and source of a wide range of contemporary women’s and men’s fashion apparel and related products and accessories.

The Baker & McKenzie team included securitization lawyers Richard Rudder, Gilbert Liu, Jamie Knoll, and Lea Schwartz (New York); intellectual property lawyers Jim Jacobs and Frank Gasparo (New York); and bankruptcy lawyer Ira Reid (New York).

“We would like to thank Securitization News for this recognition, and extend our gratitude to our clients for their support on this landmark deal,” said Partner Richard Rudder. “This award confirms our success in providing innovative solutions in the industry, which very much sets us apart from all others.”

Commenting on the award, David Hackett, Baker & McKenzie LLP’s North American Managing Partner, said, “This award is truly an honor. We are very pleased to be recognized for our involvement in the deal of the year. We are fortunate to have such distinguished securitization capability as demonstrated in this multifaceted and complex transaction.”

British MP George Galloway and his opponent the Daily Telegraph will leave no stone unturned to sort out what could be a spectacular libel case.