Scott Waxman is a founding partner in the firm’s Wilmington, Delaware office where his practice focuses on organizational and operational issues related to limited liability companies, limited and general partnerships, statutory trusts, and special purpose corporations, as well as general commercial and financial transactions, including structured financings, securitizations, mergers and acquisitions, joint ventures, private equity and hedge funds, preferred securities transactions, insurance premium financing transactions, life settlement transactions and special purpose/bankruptcy remote structures. Mr. Waxman is also experienced in related matters, such as the Uniform Commercial Code and federal and state taxation, as well as other matters, such as unclaimed property audits.
Mr. Waxman frequently advises clients, assists litigators and serves as an expert witness before domestic and international tribunals on matters relating to the organization, operation, management, governance, dissolution, winding up, and restructuring of limited liability companies, limited and general partnerships, statutory trusts, and special purpose corporations, as well as advising on issues relating to the fiduciary duties of general partners, managers, directors, trustees, and special committees. A significant part of Mr. Waxman’s practice also involves advising financial institutions and service providers in the many roles in which they serve, such as trustee, indenture trustee, collateral agent, servicer, backup servicer, escrow agent, securities intermediary, paying agent, and independent manager/director.
Mr. Waxman is the immediate past Chair of Delaware's Alternative Entities Subcommittee, which is responsible for drafting Delaware's preeminent partnership and limited liability company statutes – a committee on which he has served for nearly twenty years. In addition, he serves on Delaware's Statutory Trust Committee, which is responsible for drafting Delaware's renowned statutory trust statute. Service on these small and prestigious committees provides Mr. Waxman with a unique opportunity to participate in the crafting of some of Delaware's most important legislation, while simultaneously giving him a unique perspective into the legislative history and intent behind the annual changes to these statutes.